Real Estate II: Deal memo is live. 8% coupon + profit share.
Three upcoming events: Two in NYC, one in Valencia.
Fenchurch Legal: Respected litigation finance firm has gone into administration. We have a private space for affected members.
Japan trip: 5 spots left, early bird ends May 31
House of Rare Genesis PX: Robb Report just called it the best ultra-premium tequila on the market.
Let's go ๐
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๐ New Members
Welcome to the 46 new members since last week ๐
โ
A few notable members..
๐ Lewie is an Aussie living in New York, the co-founder of Flyers Cocktail Company. They make premium hemp-derived THC cocktails: Italian Spritz, margarita, Ol' Fashioned, etc.
When he's not running Flyers, he's jumping out of planes and holds a world record in the sport. He's happy to be a resource for anyone doing due diligence on beverage or alcohol investments.
๐ฎ๐น Marco Pettarin recently moved in Milan to work in an energy company in their insurance dept. He's early in his alternative investment journey, and prefers to focus on diversification and simple instruments.
๐ง๐ท Joรฃo Otavio Oliverio is a LatAm attorney/investor in Sรฃo Paulo. He runs a boutique firm focused on fintechs, structured credit, M&A and regulatory strategy. He acts almost as a fractional GC for founders, funds and financial platforms.
Outside the legal world, he spends a lot of time looking at alternative assets. He's currently involved in projects around fintech infrastructure, payroll-linked credit, securitization and consumer finance in LatAm.
This is a โฌ3.3m profit-participating loan funding two Valencia coastal residential projects inside Spain's regulated security-token framework.
Summary
A profit-participating loan issued as a regulated security token under Spain's LMVSI regime. You hold debt that also takes a cut of the profit.
It funds two developments: รlvaro Lรณpez 14, a 16-unit block in central Valencia and the structurally strong project at about a 68% unit margin, and Puzol Beach, a larger 22-unit beachfront building up the coast at a thinner 12% margin.
Pays an 8% per annum coupon, non-compounded, paid mostly at exit, plus a profit share of 25% standard or 35% for Altea-accredited investors.
95% modeled capital preservation, first-cycle sponsor.
Realistic hold of 40 to 48 months.
Next steps
Real Estate II is the first SPV under our new rules. All accredited Altea members can invest in this SPV.
Commitment calls will begin this week. If you're interested, express interest now.
๐ฝ NYC Flight Nights Round 2: Back to the Beekman! (June 6)
Altea Flight Nights is our event series designed around rare spirits, alternative assets, and great conversation.
The first Flight Night with Miguel sold out in New York. The second took us to Laguna Beach, CA, where we enjoyed tacos & tequila while soaking in the sunset.
For our third, we're going back to where it all started: The luxurious Beekman Hotel, on Saturday June 6.
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Event Details
Event: Altea Flight Nights Rooftop Shelf: A Tequila Tasting with House of Rare
Cost: Free for Altea Paid members | $99 for everyone else
This one's for everyone who missed out the first time (and those who just can't get enough tequila!)
๐ฝ Pink Diamonds and the Timeless Turtle (June 3)
During Alteaโs New York tour last year, Viral Kothari gave Altea members a behind-the-scenes look at the Timeless Turtle; a high jewelry artefact built to showcase the timeless durability, rarity, and cultural significance of natural diamonds.
He's excited to share that the turtle will officially be unveiled in New York on June 3rd, and you're invited to attend.
The first showcase will feature seven natural pink diamonds, each representing a different stage of life and perspective on time.
Drinks and hors dโoeuvres will be served throughout the evening.
He has 8 complimentary spots reserved for Altea members. Access code is ALTEA
๐ช๐ธ Valencia Lunch Meetup + Site Visit (July 9)
We're hosting our first-ever meetup in Valencia, Spain on Thursday, July 9th.
Join me and as we spend an afternoon with , visiting the site of Alvaro 16 โ the beachside apartment project in La Malvarrosa, Valencia.
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We'll gather at 2:00pm for the site visit. At 4:00pm, we'll sit down for lunch at Casa Montaรฑa โ a famous Valencia tapas restaurant in the heart of the Cabanyal beach area, just steps from the project.
Details
Date: Thursday, July 9, 2025
Arrival: 2:00pm
Lunch: 4:00pm - 6:00pm
Location: La Malvarrosa, Valencia, Spain (exact address to confirmed attendees)
Capacity: ~6โ8 guests
Hosted by: Altea & Guy Kleinboim (Bonum Consilium)
Cost: Free for Altea Paid members ยท โฌ50 for guests (covers lunch)
Spots are limited by design. If you're in Valencia that week (or want a reason to be) request your spot now.
"The category we're in is at an interesting moment - Hemp THC beverages are facing a pending federal ban, but also moving toward regulatory clarity that would potentially place them into the alcohol three-tier distribution model." โ โโ Craig Lewisโ
Altea Singapore City Captain Nico Monroy recently joined the team atย SDAX. If you're looking at Asia, private markets, or portfolio diversification more broadly, he'd love to connect.
Our Instagram post on Canada's sovereign wealth fund kicked off a heated debate.
"Be very careful with third-party โrecoveryโ firms. In the UK, there are firms that position themselves as helping investors recover losses from insolvencies or failed investments, but the economics can be highly questionable. Some ask for upfront fees, and in many cases investors are asked to assign or sign over their claim. โ The pattern is often the same: YouTube videos, SEO-heavy articles, โfree consultationโ offers, and direct outreach to investor lists. โ Before engaging anyone, investors should check exactly who they are dealing with, whether they are properly regulated, what fees are payable, whether any claim rights are being assigned, and whether the firm has a genuine ability to improve the outcome beyond what the administrator, trustee, or a qualified insolvency solicitor can already do." โ โโ Bryan Cooleyโ
โฉ๏ธ Investor Trip to Japan
5 spots left | Early bird ends in 1 week
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Our third Alts investor trip is locked in. Japan. October 18โ22, 2026.
Experience Japan like an Insider
Three nights in Tokyo, one night up at Kiyokawa Distillery in the Nagano highlands โ where some of our Whisky I casks are aging right now. Shinkansen up, private tour with the master distiller, cask tasting on the property, overnight on-site.
Everything covered except your flight: 4 nights of hotel, all meals, all drinks, in-country transport including the shinkansen up to Nagano, every activity, every speaker session.
Reserve your spot
This is the highest demand we've ever had for an investor trip. Very good chance it completely sells out this week.
โRobb Report just named the Genesis PX the best ultra-premium tequila on the market. No tip-off, no paid placement. They found it on their own.
Three years in Buffalo Trace bourbon casks. Three months in Pedro Ximรฉnez Sherry casks. 100% pure agave, no additives. Previous HoR releases have sold out in under 48 hours.
You gotta taste this stuff.
1,000 bottles available, each in a crystal decanter. $229.99 + tax. Altea members get free shipping with code SHIP4FREE (auto-applied at checkout.)
This is a sale of actual bottles, not a registered investment. Open to everyone.
Groundfloor is going beyond Real Estate
You may have seen Brian's recent writeup on Groundfloor.
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Two things worth knowing about right now:
First, the Consumer Credit Portfolio is live and closing soon. It's Groundfloor's first expansion beyond real estate debt, and the current window is wrapping up.
10% fixed annual return
Auarterly distributions
Accredited investors only.
Second, the Groundfloor SMB Growth Fund
The launch product in a new small business finance vertical.
Designed to give investors access to a corner of private credit that typically stays institutional
So much of what we think of as modern financial innovation is really just rediscovery. Government bonds. The assembly line. Venture capital. All originated in Venice.
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If you're interested in the origins of trade finance, sovereign capital, or just want to understand how a city built on a swamp became the most powerful economic force in the Western world, check this one out.
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That's it for today!
See you next week, Wyatt & Stefan
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