Private markets intelligence

Institutional-grade intelligence for alternative assets.

AltStreet monitors alternative markets and keeps the record behind them: the filings and offering documents, and the historical financial and performance data of every platform and sponsor, what each raised, charged, paid out and returned.

One platform record, live from the data layer2 passages · 553 documents
PlatformScore, AltStreet method
Arca
53.4 B-
Net assets $220.9 million at Dec 31, 2025 · Marina del Rey, CA
The takeaway
91.53%

The first registered fund to issue its shares as tokens is, six years on, almost entirely its manager's own money.

Read the evidence behind it
Arca U.S. Treasury Fund SAI, May 1, 2026 (Arca Capital Management, LLC: 91.53% as of April 1, 2026)
“owned of record or beneficially 5% or more of the outstanding shares of the Fund”
Audited by RSM US LLP · 6 audited filingsAdvised by Arca Investment Management, LLC · CRD 298298
The record behind the research, counted Nov 14, 2026Open the Terminal →
577
Realized exits with a net IRR
11,395
Offerings tracked, terms and outcomes
650,417
Form D notices since 2008
36,627
Reg CF filings
37,587
Reg A filings
341,317
Typed filing events
34,023
SEC and FINRA actions
24,358
Advisers on file
01 · A claim opens its source

Every finding sits on a passage you can read.

From the four most recently updated reviews: the claim, then the passage it rests on.

Every review carries this appendix.

iTrustCapital · the claim
May 14, 2026

SEC registration of ITC Advisory Services, LLC terminated (IAPD, CRD 339265).

The live terms still say it is registered. IAPD firm record: adviserinfo.sec.gov/firm/summary/339265.

The source: iTrustCapital Terms of Service v2.3, Annex 4 (captured November 13, 2026)View ↗

“ITC Advisory is registered with the Securities and Exchange Commission”

Review updated Nov 14, 2026Read the iTrustCapital review
Tirios · the claim
$1,829,000

Lender-ordered appraised prices at which eight Georgia houses passed from an affiliate to new Tirios series in September 2026, six months after the affiliate bought them from Landa series; $1,774,130 after seller credits.

The affiliate's purchase and renovation costs are not disclosed in any filing; a 4% acquisition fee ($73,160) was charged on the pre-credit prices.

The source: Tirios Propco Series LLC, post-qualification amendment filed November 4, 2026 (accession 0001477932-26-006664), Interest of Management and Others in Certain TransactionsView ↗

“at their lender-ordered appraised values, for aggregate purchase prices of $1,829,000, less seller credits of $54,870, for an aggregate net purchase price of $1,774,130. The transfer prices were not negotiated at arm's length, and the difference between Tirios Atlas' cost basis in the properties and the transfer prices represents a benefit to an affiliate of our Manager. Each Georgia Series pays our Manager an Acquisition Fee equal to 4% of its purchase price, in the aggregate amount of $73,160.”

Review updated Nov 13, 2026Read the Tirios review
Gratus Funds · the claim
$640,854 vs $543,054.46

Distributions through May 31, 2026 in one circular: its Summary's 2025 and 2026 totals add up to $640,854 ($517,442 to Class A and B); its Securities section says $543,054.46 ($419,642.70 to Class A and B).

The Manager's Class C share agrees in both; the $97,800 gap is in what investors received. The audited statements give other figures again.

The source: Gratus Capital Properties Fund III, LLC, offering circular filed July 20, 2026 (accession 0001477932-26-004389), Securities Being OfferedView ↗

“As of May 31, 2026, the Company has made a total of $543,054.46 in distributions, $419,642.70 of which were made to Class A and Class B Unitholders and the remaining $123,411.76 distributed to the Manager”

Review updated Nov 13, 2026Read the Gratus Funds review
Compute Labs · the claim
'Fully managed by Compute Labs'

What sits behind a vault token, in the company's words; the SPV, its documents and the operator are not named or published.

On chain, one wallet address is both mint authority and freeze authority of the miniGPU token (AltStreet Solana read, November 12, 2026).

The source: Compute Labs help center, 'Who holds title to the hardware?', as captured November 12, 2026View ↗

“You, the investor, hold legal title. Each GPU is bound to an SPV (Special Purpose Vehicle) fully managed by Compute Labs. This SPV contracts with the operator managing the hardware.”

Review updated Nov 12, 2026Read the Compute Labs review
02 · What AltStreet is

The intelligence layer for alternative investments.

Four products from one record: the documents and filings, and the financial and performance history of every sponsor, what it raised, charged, distributed and realized. Each product answers one question. The Terminal is pull: you ask the data. Deal Intelligence is push: AltStreet tells you what changed before you knew to ask.

01 · Research
Research hub

“What should I know about this platform or market?”

Platform reviews, guides and a filings news wire. Free.

  • 163 scored platform reviews
  • Guides, a filings news wire, reference pages and a glossary
  • An offering database, fund, adviser and auditor directories, and a page for every EDGAR entity AltStreet tracks
Browse the reviews
02 · Data · pull
AltStreet Terminal

“Let me search and analyze the market myself.”

You ask the data. Alert feed, evidence, entity graph, screener, enforcement and LP holdings on one schema.

  • Free: critical filing events in full, every entity page, newly filed offerings the day they file
  • Investor: the evidence passages, exact NAV and histories, watchlists and alert rules, the deadlines calendar and the dated record of what AltStreet knew on any day
  • Pro: the whole market, with screening, the enforcement graph, cohorts, coverage by platform and source, and export
Open the terminal
03 · Signals · push
Deal Intelligence

“Tell me when something relevant appears, and diligence it for me.”

AltStreet tells you before you knew to ask. The alert the day an offering appears on a covered platform; the committee memo once an analyst has approved it.

  • Deal Alerts with the sponsor's filed record attached, within hours of detection
  • Investment committee memos on a standard framework, every line marked by what verified it
  • The filing that confirms the raise attached to the memo when it posts
See Deal Intelligence
04 · Research · commissioned
Research Desk

“Investigate this specific investment for me.”

One investment, one scope, a fixed price: a Diligence Check, a full Diligence Report, or a custom institutional engagement.

  • The SEC filings read in full and the capital stack rebuilt
  • The legal and enforcement record checked, the pitch tested against the issuer's own disclosures
  • Delivered in two to five business days
Commission diligence
Who it is for
Individual investors
You have money on a platform, or are about to.

Is the platform what it says it is, what does it really charge, and what have investors actually gotten back?

Find your platform
Advisers, allocators, family offices
You are doing diligence on a sponsor, fund, adviser or auditor.

Who is behind it, who audits and custodies it, what has it filed, and has anyone involved been the subject of an SEC or FINRA action?

AltStreet for advisers
Researchers, journalists, operators
You work across the whole market, not one deal.

How much capital is forming, where, through which intermediaries, and what is stalling?

See the Terminal

A free weekly briefing covers new scores, filings, deals and research across 20+ alternative asset categories. Subscribe. Run a platform, fund or adviser? Claim and verify your profile.

03 · AltStreet Terminal

The data product behind the research.

Every platform, offering, adviser, auditor and filing on one schema, so an art platform and a private credit fund read on the same rows. Free to start; Investor and Pro plans add the evidence passages, watchlists, market-wide screening and export. The Terminal is pull: you search the market. Deal Intelligence is push: AltStreet watches it for you and sends the alert and the memo.

Dashboard · what is opening nowIllustration of the live view
AltStreet Terminal dashboard: the newest filings market-wide, and open offerings with their disclosed terms
Every new offering the day it files, with the exemption, the terms it disclosed and the signals AltStreet attaches. Reg CF and Reg A must file before they sell; Form D arrives up to fifteen days after the first sale.
  • Alert feedFree · Pro

    Critical filing events in full for everyone; the full stream, filters and export on Pro.

  • Evidence layerInvestor

    The verbatim passage behind every scored field, with the discrepancies the analyst recorded.

  • Entity graphFree · Pro

    People, firms and broker-dealers resolved across Form D filings; league tables on Pro.

  • ScreenerPro

    Every Form D, Reg CF and Reg A offering chain by status, amount sold, velocity and investors.

  • EnforcementFree · Pro

    SEC litigation releases, administrative proceedings and FINRA actions; the join to tracked platforms on Pro.

  • Watchlist and alert rulesInvestor

    Watch the issuers and platforms you hold and be told when a filing changes something.

04 · Methodology

How a platform is analyzed.

Five layers of evidence, read in this order for every review.

The full evaluation framework
  1. 01
    Platform Financials

    Going concern, liquidity, cash runway, operational health

  2. 02
    Offering Terms

    Fee layers, lockups, ROFR mechanics, distribution waterfall

  3. 03
    SEC Filings

    Form D ingestion, amendments, S-1s, fundraising trajectory

  4. 04
    Realized Outcomes

    Exit tracking, IRR drift, marked-to-realized variance

  5. 05
    Evidence Layer

    Source-linked verification, confidence levels, analyst trails

06 · Sources

Where the data comes from.

Offering documents
Private placement memorandums, offering circulars, subscription agreements and fee schedules, read in full.
Platform websites and marketing
Fee pages, FAQs, performance claims, open offerings and investor communications, captured with the date each was read.
Exit, distribution and performance disclosures
Sale notices, distribution waterfalls, investor updates and redemption records, recorded per offering.
SEC EDGAR filings
Form D, Regulation A and Regulation Crowdfunding filings for every issuer and vehicle behind a platform: amounts sold, investor counts, exemptions, related persons, reports and current events. Polled through the trading day.
Form ADV and broker-dealer records
Adviser identity, assets under management, private fund lists, disciplinary history and FINRA membership, matched to the platforms they serve.
Enforcement, court and regulatory records
SEC, FINRA and state actions, federal dockets, receiverships and bankruptcy filings, cited by case number.
Market data
Tokenized asset prices and premiums, prediction market series, rates and credit spreads, protocol metrics and platform flow series, collected on their own schedules.
Public reporting and pension disclosures
Attributed press reporting, company statements and interviews, and public pension plans' fund-level net IRR, multiple and DPI for the funds they hold.
Common questions

What AltStreet is and how to use it.

01What is AltStreet?
AltStreet is the intelligence layer for alternative investments. It monitors platforms, funds and issuers, reads their offering documents, websites, SEC filings, adviser and court records and market data, keeps the historical financial and performance record of each (capital raised, fees charged, distributions paid, exits realized and the IRR on each), links every figure to its source, and turns that record into four products: free research (platform reviews, guides, offering pages and news), the AltStreet Terminal for searching the data yourself, Deal Intelligence alerts and committee memos when a new offering appears, and a Research Desk for commissioned diligence on one investment.
02Where does the data come from?
Offering documents such as PPMs and offering circulars, platform websites and investor communications, exit and distribution disclosures, SEC EDGAR filings, Form ADV and FINRA records, enforcement and court records, market data feeds, press reporting and public pension reports. Each page names its sources.
03How often is it updated?
Reviews are re-checked when a platform changes its terms, files something material or appears in a court or enforcement record, and each carries a dated update history. SEC filings appear on entity pages the day they land. Market series update on their own schedules.
04Is AltStreet financial advice?
No. It is research and data. Nothing on the site is a recommendation to buy or sell any security, and readers should confirm current terms with the issuer or platform.
05What is free and what is paid?
Filing records, entity pages, reviews, guides, offering pages and news are free. The terminal adds values, screening, alerts and exports for subscribers; Deal Intelligence is an annual subscription for deal alerts and committee memos; the Research Desk sells commissioned diligence on one investment at a fixed price.

Longer answers: methodology, verification policy, editorial policy.