For a fee, these platforms are able to accept lower minimum investments because they pool capital from different investors.įor instance, New York-based iCapital is a technology platform that recently announced a suite of private equity funds “specifically tailored to the lower end of the high-net-worth investor profile,” said Steve Houston, the firm’s managing director and head of investment products. If you’re not ultra-wealthy, the way to access these private funds is through a technology platform. Essentially, these are “feeder funds,” said Nauta, which channel money to investments that normally require high minimum investments. Nowadays, retail clients also have access to a variety of private funds. “Because they can invest in less liquid assets, interval funds can provide access to a broader range of uncorrelated sources of return,” he said-meaning the investments won’t perform in lockstep with mainstream capital markets. This lack of liquidity, however, can also mean higher returns. “Generally, you can buy an interval fund on a daily basis but can only redeem shares on a quarterly basis,” said Nauta. Interval funds can invest in almost any type of alternative asset, and some have applied to the SEC to become more publicly available. “Because mutual funds offer daily liquidity, they are generally only going to focus on the most liquid alternative classes.”Ī less liquid option is the interval fund, a closed-end fund (with a fixed number of shares) that has a high minimum investment (usually $10,000 on up) and high expense ratio. Alt mutual funds operate “just like any other mutual fund-you can easily buy and sell them, incorporate them into model portfolios and rebalance them,” said Jeff Nauta, a principal and chief compliance officer at Henrickson Nauta Wealth Advisors in Grand Rapids, Mich. Often, the easiest way to access alternatives is through dedicated mutual funds and exchange-traded funds. Still, these investments aren’t right for everybody. In contrast, the average annual return of the S&P 500 over the most recent 10-year period was about 8.3%. “In the past 10 years, venture capital investments have returned in excess of 22% annually, and private equity has returned in excess of 17% annually,” said Michelle Connell, president and CIO of Dallas-based Portia Capital Management, citing figures from JPMorgan and Bloomberg. Search for this case: Alt Platform Inc v.The temptations are enough to make any investor’s mouth water. Use the links below to access additional information about this case on the US Court's PACER system.Īccess this case on the Texas Northern District Court's Electronic Court Filings (ECF) System (Attachments: #1 Cover Sheet, #2 Cover Sheet Supplement Certificate of Interested Parties, #3 Exhibit(s)) (Hammervold, Mark)Īccess additional case information on PACER If admission requirements are not satisfied within 21 days, the clerk will notify the presiding judge. Forms, instructions, and exemption information may be found at or by clicking here: # Attorney Information - Bar Membership. Unless exempted, attorneys who are not admitted to practice in the Northern District of Texas must seek admission promptly. The court reminds the filer that any required copy of this and future documents must be delivered to the judge, in the manner prescribed, within three business days of filing. In each Notice of Electronic Filing, the judge assignment is indicated, and a link to the # Judges Copy Requirements and # Judge Specific Requirements is provided. (Filing fee $402 Receipt number ATXNDC-13390042) Clerk to issue summons(es). #1 -2) (ndt)ĬOMPLAINT WITH JURY DEMAND against Alt Platform Inc. (Clerk QC note: Affiliate entry indicated). (ndt)ĬERTIFICATE OF INTERESTED PERSONS/DISCLOSURE STATEMENT by Alt Platform Inc. Clerk to provide copy to plaintiff if not received electronically. Order 6, Plaintiff is provided the Notice of Right to Consent to Proceed Before A U.S. New Case Notes: A filing fee has been paid. Summons Issued as to Beckett Collectibles LLC. WAIVER OF SERVICE Returned Executed as to Alt Platform Inc. This docket was last retrieved on July 24, 2023.
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