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AltSpot Capital is a private equity platform that deploys structured growth capital into revenue-producing companies and provides our investors exclusive access to co-investments alongside world class investment firms.
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Built on Relationships.
Aligned by Design.
Our investment opportunities originate from direct relationships with multi-billion-dollar fund managers, premier venture investors, Fortune 500 infrastructure partners, and the founders and operators building high-growth companies - networks that took decades to cultivate.
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Our Focus
Structured Growth Capital:
We invest $500K–$5M in preferred equity for revenue-generating companies scaling beyond $1M ARR.
Our capital is designed to be founder-friendly, providing growth financing without requiring founders to give up control or governance.
Investments are structured to generate ~10–12% annualized yield alongside equity participation through warrants. We underwrite to total returns of ~2.0x–3.0x over a 2–5 year horizon, translating to ~20–30% IRRs depending on timing and exit outcomes.
Thousands of profitable, growing companies fall between venture capital and traditional lending — a market gap that has produced one of the fastest-growing segments in private capital.
Venture Co-Investments:
Curated access to exclusive venture and growth rounds alongside investors with deep track records across technology, life sciences, and infrastructure.
Our co-investment opportunities are sourced through longstanding relationships at the highest levels of the industry and are extended on an invitation basis to qualified investors.
These investments are designed to complement our structured strategies by providing exposure to high-conviction opportunities with the potential for outsized outcomes, allowing investors to participate selectively in asymmetric upside across top-tier companies and sponsors.
Active Portfolio
Companies we backed and why.
Soley Therapeutics - Series C

AI-driven biotech platform developing first-in-class therapeutics through proprietary cell stress sensing technology.
Soley recently closed a $200M Series C led by Surveyor Capital (a Citadel company), with participation from existing investors including Doug Leone Family Fund and Breyer Capital.
Lead AML oncology drug on track for IND filing in 2026.
Strategic technology infrastructure deployed through partnership with Oracle Cloud and NVIDIA AI Enterprise.
Soley recently closed a $200M Series C led by Surveyor Capital (a Citadel company), with participation from existing investors including Doug Leone Family Fund and Breyer Capital.
Lead AML oncology drug on track for IND filing in 2026.
Strategic technology infrastructure deployed through partnership with Oracle Cloud and NVIDIA AI Enterprise.
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LetzChat - Seed Round

AI-powered real-time translation platform with $2M+ in annual recurring revenue serving enterprise and institutional clients. AltSpot Capital invested at the seed stage.
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Simphonic AI - Seed Round

AI-powered compliance and operations platform serving senior care facilities and education providers. AltSpot Capital invested at the seed stage. Now revenue-producing with an expanding client pipeline.
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Overwtch Capital - Platform Equity

Platform equity investment in a data center and energy infrastructure company developing hyperscaler-grade AI computing facilities across the United States. Overwatch recently announced a 1 GW strategic partnership with Idemitsu Kosan, one of Japan's largest energy companies, to build energy-resilient data centers across ten U.S. states.
750 MW portfolio currently in development across five metropolitan markets.
750 MW portfolio currently in development across five metropolitan markets.
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Blaker/TRI - Preffered Equity

Preferred equity investment and platform expansion advisory for a multi-location hospitality, distribution, and entertainment platform expanding its footprint. Diversified revenue across food and beverage, private events, distribution, and commercial tenants.
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Who We Are
Expertise that unlocks opportunity.
AltSpot Capital was built on a simple belief: the best private market opportunities have always been locked behind relationships, minimums, and networks most investors can never access. We exist to change that ratio. Our team combines hands-on operating experience as founders and principals with a track record spanning over $1.5 billion in private transactions. Every position in our portfolio reflects a direct relationship with the operator, a structure we've negotiated, and a thesis we're willing to stand behind.

Ryan Billings
Partner & Co-founder

Tyler Lucas
Partner & Co-founder

Drew Carrick
Director - Strategic Partnerships

Danielle Abboud
Associate - Investor Relations

Benjamin Wiles
Legal Counsel - Greenberg Glusker

Daniel Ice
Technology Advisor
Partners & Affiliates




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