

Strategies
Our Strategies Are Designed to Deliver Attractive Risk-Adjusted Returns
Altera’s most valuable asset is our sponsor network. Our team works diligently to build relationships with a diverse set of sponsors across asset classes and geographies. Our sponsors view us as a preferred and diversified source of capital because of our organizational structure and flexible investment mandate – this often can create unique and proprietary opportunities for Altera and our investors.
Our Ecosystem
Our core focus is identifying best-in-class sponsors and finding the most efficient way to gain exposure to their strategies. These exposures primarily present themselves through primary funds, direct investments, and GP stakes. Altera is able to secure hard to access co-investment opportunities by investing in primary funds. By investing in direct opportunities alongside independent sponsors, Altera makes itself well positioned to participate in GP stakes – further aligning with select, emerging managers. As a minority equity partner to various sponsors, Altera is also able to gain allocation to a multitude of strategies sponsored by such managers. We work to structure favorable terms and investment exposures that are only available to large, institutional capital partners.
Primary Funds
We look to partner with best-in-class managers who can consistently identify, invest in, and add value to companies in the lower middle market. Our primary funds program provides investors with a broad suite of asset class exposures.
Multi-Manager Strategies
Single-Manager Strategies
Direct Investments
Altera’s sponsor relationships give us access to hard-to-secure, direct investment opportunities. Our flexible mandate gives us the ability to consider sponsored investments in all sectors and geographies across the lower middle market.
Independent Sponsors
Co-Investments
Direct Investments
Altera’s sponsor relationships give us access to hard-to-secure, direct investment opportunities. Our flexible mandate gives us the ability to consider sponsored investments in all sectors and geographies across the lower middle market.
Independent Sponsors
Co-Investments
GP Solutions
Altera provides capital and strategic support to high-quality, emerging alternative asset management firms who are well-positioned for further growth and development. We look for management teams who want the benefits of a strategic partnership while maintaining their independence.
Co-GP Capital
Primary Equity
Secondary Equity
Asset Coverage
Our multi-asset class platform provides investors with exposure to asset classes generally unavailable to non-institutional investors – private equity, real assets, and private credit. These stand-alone offerings aim to provide an attractive, risk-adjusted return and a low correlation to public equity and bond markets. We prioritize a tactical, value-oriented approach to investing across these asset classes.
Private Equity
We look to invest in segments of the private markets that, in our view, are underserved by larger pools of capital. We believe backing growing companies in the lower middle market is an all-weather strategy.
Our Solutions
Buyout
Growth Equity
Venture Capital
Real Assets
We believe investors need to diversify their real asset portfolios beyond easy-to-access real estate investments. Our strategies give investors exposure to a multitude of investments backed by real assets such as self storage, extended stay hospitality, solar infrastructure, etc.
Our Solutions
Real Estate
Infrastructure
Private Credit
Investors have been starved of meaningful yields for years. In response, capital has flooded to riskier assets. We look to invest in private credit strategies that utilize conservative capital structures, more stringent covenants, and produce higher yields.
Our Solutions
Senior
Mezzanine
Opportunistic