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 Altera, A ~$600M Alternative Asset Manager, Holds Closing On 3 Separate Investment Strategies Totaling $136.5M In Capital Commitments.

 Altera, A ~$600M Alternative Asset Manager, Holds Closing On 3 Separate Investment Strategies Totaling $136.5M In Capital Commitments.

ATLANTA–(BUSINESS WIRE)–Altera, an alternative asset manager that focuses on the lower market and invests across multiple asset classes, simultaneously held a closing on three unique investment strategies totaling $136.5M in capital commitments:

  • $92.5M flagship Small Business Investment Company (“SBIC”) strategy

  • $27.5M private equity secondary strategy

  • $16.5M senior credit strategy

The Funds were backed by a broad base of new and existing Limited Partners including single family offices, wealth managers, and entrepreneurs. The Altera ownership group made a substantial $40.0M commitment between the three investments alongside investors. Each Fund is already substantially invested in underlying holdings and provides…

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