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EDGAR Verified
Primary Source · SEC.gov

Altera Secondary Fund, LLC

CIK 0002090598Fund Vehicle2026 vintage506(b), 3(c)

Raised

$25M

Investors

66

Min Invest

$250,000

AltStreet Analysis

·

Generated from EDGAR primary sources

Altera Secondary Fund, LLC is a Delaware-organized pooled investment fund that has raised $25.5M from 66 investors under Rule 506(b) and Section 3(c) exemptions, with a $250K minimum investment. This amended filing reflects activity on a pre-IPO secondary fund managed by Altera Private Access, LLC, with David Fershteyn as an executive officer.

This pre-IPO secondary fund operates under the standard 506(b) private placement exemption with a mid-tier $250K minimum, positioning it as an accredited-investor product accessible below the typical institutional threshold. The 3(c) exemption indicates registration relief under the Investment Company Act, consistent with pooled private fund structures in the secondary market segment.

Data Flags

investor count66 investors contributing $25.5M results in an average check size of approximately $386K, notably close to the $250K minimum and suggesting a retail-accredited concentration rather than institutional anchor commitments
first sale dateFirst sale date not disclosed on this amended filing despite total raise being well below $100M, limiting visibility into fund vintage and capital formation timeline

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0002090598
Entity NameAltera Secondary Fund, LLC
Exemption506(b), 3(c)
First Sale Date—
Filing DateMay 20, 2026
Accession Number0002090598-26-000004
Total Amount Sold$25M
Total Investors66
Minimum Investment$250,000
Securities TypeEquity, Pooled Investment Fund
State of IncorporationNot specified
Amendment CountOriginal filing only

Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

N/A Altera Secondary Fund GP, LLC

Executive Officer · Atlanta, GA

N/A Altera Private Access, LLC

Executive Officer · Atlanta, GA

David Fershteyn

Executive Officer · Atlanta, GA

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.