Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

Funds / Altera Gem I PA LLC

Altera Gem I PA LLC

Active deploymentClosed to new capitalFundADV: Venture Capital FundAltera Private Access, LLCDelaware
Amounts, each with its basis
Vintage
2022basis: form d first sale
Target
unknownnot announced
First close
unknownnever inferred from a Form D
Final close
unknownonly from an announcement or an LP disclosure
Announced size
unknown
Form D offering
$7.3Mwhat may be sold, not what was raised; file 021-438969, sworn by the adviser or filed under this vehicle
Form D sold
$7.3Mas of the filing of Mar 25, 2022, 45 investors
First sale
Mar 16, 2022
Reported GAV
$105,487on the Form ADV filed Oct 7, 2024; the fund's assets, never its size or dry powder
Owners (ADV)
80
Reported on ADV
Mar 31, 2022 to Oct 7, 2024
Fundraising evidence
Closed to new capital
Form D filed or amended 2022-03-25: the stated $7.3M offering reported fully sold (fr-1)
evidence dated Mar 25, 2022. A Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.
Lifecycle
Active deployment
vintage 2 to 4 years
age years: 4first sale: 2022-03-16vintage year: $2,022adv gav as of: 2024-10-07vintage basis: form_d_first_saleform d sold usd: $7.3Mform d offering usd: $7.3Mform d latest filed at: 2022-03-25
The fund's own reporting through time
12 Form ADV filings
FiledTypeGross asset value OwnersMin. investmentAdviser-ownedAudit
Mar 31, 2022Venture Capital Fund$18.6M
80$100,0001%yes
Jul 28, 2022Venture Capital Fund$18.6M
80$100,0001%yes
Nov 17, 2022Venture Capital Fund$9.9M
81$100,0001%yes
Mar 30, 2023Venture Capital Fund$8.1M
81$100,0001%yes
May 17, 2023Venture Capital Fund$8.1M
81$100,0001%yes
Aug 4, 2023Venture Capital Fund$4.7M
80$100,0001%yes
Oct 2, 2023Venture Capital Fund$4.7M
80$100,0001%yes
Jan 5, 2024Venture Capital Fund$4.7M
80$100,0001%yes
Mar 29, 2024Venture Capital Fund$82,409
80$100,0001%yes
Aug 20, 2024Venture Capital Fund$105,487
80$100,0001%yes
Sep 12, 2024Venture Capital Fund$105,487
80$100,0001%yes
Oct 7, 2024Venture Capital Fund$105,487
80$100,0001%yes
Principals and agents
4 principals on Form D, 0 placement agents
  • Mitch Reiner Executive Officer
  • Altera Private Access, LLC Executive Officer
  • Altera Blockchain Fund GP, LLC Executive Officer
  • David Fershteyn Executive Officer
Limited partners and their reported performance
0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
2 events
  1. Mar 31, 2022
    Altera Gem I PA LLC first reported on Form ADV by Altera Private Access, LLC (Venture Capital Fund), GAV $18,632,000
    Fund first reported on Form ADV Fact SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  2. Mar 25, 2022
    Altera Blockchain Fund, LLC filed Form D: $7,350,000 sold of $7,350,000, Private Equity Fund
    Form D filed Fact SEC EDGAR Form D data sets (quarterly)
Evidence
16 observations
Every observation on this vehicle