Altera, an alternative asset manager that capitalizes the lower middle market, has surpassed $400 million of capital commitments across its flagship private equity strategies and thematic private investments.
Since inception, the firm has backed more than 35 general partners (GPs) across private equity, real assets, and private credit. Altera’s ecosystem of established and emerging fund managers and independent sponsors continues to significantly grow each year.
“At the end of day, we want to be a lower middle market sponsors’ preferred, flexible capital partner,” said David Fershteyn, Altera’s managing partner and CEO. “We can partner with managers while they operate as independent sponsors, we can help anchor first-time funds, and we can be highly meaningful limited partners to established fund managers. All of this, plus the fact we have an active GP stakes strategy designed to provide GP firms growth capital, helps Altera stand out to sponsors and deliv
