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The University of Georgia Alumni Association recently announced that Altera placed 1^st in the Bulldog 100, a list which ranks the fastest-growing businesses owned or operated by University of Georgia alumni.  Altera was recognized during the 15th Annual Bulldog 100 Celebration on February 9 in Sanford Stadium. This is Altera’s inaugural year of being recognized on this prestigious list. 

Co-founder and CEO David Fershteyn, CFO Carlos Alcala, and co-founder and board member Mitch Reiner are all UGA Terry College of Business graduates.

To read more on Altera and the Bulldog 100, click here. 

_{2024 Bulldog 100: This annual ranking was published in February 2024. Companies on the 2024 Bulldog 100 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been in business since January 2019 and must have verifiable revenues of $100,000 or more in the calendar years 2020, 2021, and 2022. Altera did not pay an entry fee to be considered for this recognition, nor did it pay to be included on this list.}

We are proud to announce Altera made the 2024 Bulldog 100 List. The Bulldog 100 list celebrates the top 100 fastest-growing organizations owned or led by The University of Georgia alumni.

To see the full list click here.

_{*There was no cost to Altera to be considered for this acknowledgement.}

Altera’s CEO and Co-Founder, David Fershteyn, makes the inaugural Forbes Under 30 Local List for Atlanta. View the full list here.

The lower middle market in the United States has long been a fertile hunting ground for private equity investing. AlphaWeek’s Greg Winterton spoke to David Fershteyn, CEO at Atlanta, GA-based Altera Private, to learn more about his firm and its activities in the space.

GW: David, tell us what it is about the lower middle market that Altera finds particularly appealing.

DF: Like most professional investors, we are hyper focused on generating attractive risk-adjusted returns for our limited partners – the question is how do we achieve this? Our journey to focusing solely on the lower middle market started with us deciding what “game” we wanted to play, and then making sure our game had an increased probability of investment success. The most important factor for us in this decision was trying to identify where there is market inefficiency and why. The number of publicly traded companies has declined to ~4,000¹, while assets held by public equity funds have steadily increased. Billions of dollars chasing a shrinking, limited universe of opportunities (where there is much more transparency and analyst coverage) didn’t seem like the best chance of generating alpha for our investors…

Read the full article here>

¹ McKinsey & Company, Reports of Corporates’ Demise Have Been Greatly Exaggerated, October 2021.

Disclosure: This information does not constitute investment advice or suggest an offer to sell, or the solicitation of an offer to buy, any securities or other financial products. All information is provided as of the date referenced and has not been updated since that date for any information contained in it that may have changed, including any beliefs and/or opinions.

“You and your stakeholders need to have incredibly clear alignment and incentives. Everyone operates based off of the incentives they have, and for an organization to flourish, key parties must be aligned…”

CEO David Fershteyn provides his insights in Medium Authority Magazine’s “5 Things I Wish Someone Told Me Before I Became a Founder” series.

Read the full article here.