Alterna seeks to make privately negotiated investments within the transportation, energy and industrial sectors with the following characteristics:
- Significant exposure to long-lived assets or resources with sustainable competitive advantages
- Current cash flow and the potential for asset appreciation
- Distressed opportunities with strong intrinsic asset value
- Upside from contrarian and counter cyclical world views
Alterna invests between $25 million and $100 million of equity capital in each transaction and will consider smaller or larger investments where appropriate. We have extensive relationships with many of our investors and will consider co-investment or partnering in larger transactions.
Alterna will consider a variety of transaction structures, including growth capital, management buyouts, equipment financing, acquisition finance, cash flow monetization and leveraged buyouts. The firm will initiate and manage asset oriented transactions internally or partner with proven management teams.
Alterna believes in fundamental analysis that is driven by macro-level investment views. Alterna’s portfolio construction focuses on the following:
- Asset focused
- Catalyst driven
- Identifiable and actionable near-term catalysts
Alterna seeks to actively partner with management throughout the life of an investment. Alterna believes strongly in capitalizing companies appropriately to support their business strategy and to withstand sustained market downturns.
Alignment of Interests
Alterna invests alongside and supports managements teams in the execution of their business plan. Alterna believes strongly in companies where management has significant equity ownership either through contributed equity or earned through successful performance.