Our People

Altera is led by a team of financial professionals who understand the private investment needs of individual investors, family offices, and wealth managers. Our team is dedicated to finding attractive risk-adjusted returns in the lower middle market so that our investors can build a more comprehensive portfolio with long-term value creation in mind. We are dynamic, move with conviction, and have the required discipline to capture opportunities that less equipped investors miss. We are constantly evolving our process and testing our opinions, but our core mission remains – build enduring private market portfolios.

Executive Leadership

David Fershteyn

Chief Executive Officer, Managing Partner
David Fershteyn, Chief Executive Officer & Managing Partner

David co-founded Altera and is the Chief Executive Officer and Managing Partner. David is responsible for leading the company’s corporate strategy and investment program, building firm-wide relationships with sponsors and investors, and helping investors build out their alternative investment portfolios. He is an Altera Board Member and Investment Committee member.

Prior to Altera, David worked as a technology investment banker at Barclays in Silicon Valley. At Barclays, he focused on the internet, semiconductor and software verticals. He performed company specific financial analysis and worked on various private transactions.

David also spent time at Frisch Capital Partners, a boutique investment bank specialized in raising capital for independent sponsors. At Frisch Capital, David helped source transactions, raised capital, and built relationships with lower middle market private equity sponsors.

David graduated with Honors earning a Bachelor of Business Administration in Finance from the University of Georgia.

Carlos Alcala

Chief Financial Officer
Carlos Alcala, Chief Financial Officer

Carlos Alcala is Chief Financial Officer at Altera, where he is responsible for sourcing and underwriting Altera’s primary fund and direct investments. Carlos is also responsible for building and maintaining firm-wide relationships with key general partners and other corporate stakeholders, informing corporate strategy, and leading corporate accounting. He is also a member of the Investment Committee.

Carlos began his career as an investment banker at Goldman Sachs in New York where he worked in the Natural Resources Group. He then moved to Atlanta where he focused on covering clients primarily located in the Southeast. After spending time with Goldman, Carlos moved to the Online Strategy Group at The Home Depot where he focused on developing and rolling out enterprise-wide initiatives to continue growing one of the largest online businesses in the world.

Carlos graduated summa cum laude, earning a Bachelor of Business Administration in Finance from the University of Georgia, and is on the board of Apollo, an underclassmen organization at the University of Georgia that prepares students for careers in the financial industry.

Our Team

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