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Altmore Capital

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Who we are

• Altmore Capital is a specialty lender in the U.S. cannabis industry offering senior-secured term loans
• Founded in 2018 and pioneered U.S. cannabis debt
• Headquartered in Washington, D.C. with 7 investment professionals

Successful track record

• Started deal-by-deal in 2018, then in 2021 raised & invested a $110M closed-end fund that was invested across a dozen debt investments with approximately 16% average annual interest
• Since 2018, have made two dozen investments, led > $270M in total financings, invested > $180M in U.S. cannabis debt

Altmore Debt Fund II, LP

• Altmore’s second closed-end fund: target $200M
• 4-year term with two successive 1-year extensions
• Initial close June 1, 2022; 12-month fundraise
• Over $650MM of actionable pipeline
• $100MM of term-sheet executed investments ready to close – target 12 to 18 months to full investment

Investment attributes

• Cannabis industry has proven performance during economic downturn
• Top of capital stack secured investments with floating interest rates
• Target unlevered net annual return of 11-12%; leveraged annual return of 14-15%

About LPGP Connect

LPGP Connect specialise in hosting interactive and engaging investor forums in the global private debt and private equity community. We work with firms of all sizes and specialisations to uncover the latest trends in the industry. Our goal is to bring together investors and fund managers to provide unrivalled networking experiences. We host sector specific events which aim to inform our clients with the latest news and trends through peer-led networking conferences.

Email:

info@lpgpconnect.com

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+44 203 044 2790

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