ATLANTA, October 08, 2025 — Altera, an alternative asset manager with nearly $550M in committed capital, announced that it oversubscribed its lower middle market focused GP stakes fund. The strategy targets to provide investors both meaningful annual distributions and capital appreciation. The Fund has exposure to many leading GP firms across private equity, real assets and private credit.
“As a closely held investment firm and flexible capital partner, Altera is able to pursue any private market opportunity that we believe can deliver attractive risk-adjusted returns for our investors. Permanent equity ownership in the right alternative asset management firm can be a highly compelling financial asset, and we will continue to methodically expand our exposure to GP stakes through future fund vehicles and our corporate balance sheet,” said David Fershteyn, Altera’s Managing Partner and Chief Executive Officer.
Altera’s investment program consists of five distinct verticals – each designed to take advantage of compelling lower middle market opportunities. Since its founding, the firm has partnered with approximately 50 GPs across these five investment platforms and has the ability to invest up to $50M in any one opportunity.
“We are grateful to have the longstanding support of our diversified capital base and are excited to once again, deliver for our investors,” said Carlos Alcala, Altera’s Chief Financial Officer.