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Altera secures growth capital

Altera has completed of a growth capital funding round. This investment provides the Atlanta-based investment firm which focuses exclusively on the lower middle private markets, with balance sheet capital to further enhance its firmwide capabilities and growth initiatives.

Since its founding in 2018, Altera has sponsored over 40 investment vehicles across private equity, real assets, and private credit. 

The company’s leadership expects to have $325 million of capital committed to its private investment strategies by year’s end 2022 including $75 million of capital from Altera’s owners. The firm’s trajectory seems on-trend to meet market demand. According to the 2022 Preqin Global Alternatives Report, the demand for private markets continues to grow and is expected to surpass $23 trillion in overall assets by 2026.

Chris Dardaman, former CEO of multibillion-dollar RIA CI Brightworth Private Wealth and current Managing Director of Altera added, “Allocating investment assets to good, lower middle market private investments can produce greater diversification and stronger risk-adjusted returns than a public markets-only portfolio.”

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