Alternative Wealth Partners Sets $150M for Sophomore Fund

Alternative Wealth Partners plans to raise $150 million for its second vehicle, AWP Diversity Fund II, which will continue the firm’s diversification strategy and attempt to deliver “double-digit” returns with “layered tax advantages.”

The private equity fund will invest in energy, manufacturing, real estate, and infrastructure firms and projects, with the ability to provide equity returns within five to seven years.

The fund will target investments in “domestically rooted” businesses and properties that have the potential to triple their initial investment, the firm said. Beyond asset-level returns, the fund will take advantage of different tax breaks, which are expected to boost the portfolio’s overall return by 10% to 30%.

The fund will be managed by Kelly Ann Winget, CEO & founder of Alternative Wealth Partners.

“Over the next three years, Alternative Wealth Partners anticipates significant opportunities to acquire strong, resilient businesses and properties across diverse industries at a discount, due to market volatility and geopolitical unrest,” said Winget.

The Fund’s 2024 project pipeline includes a Texas-based kinetics company, an Arizona-based battery tech company, and a Nebraska-based equipment company, plus other US-based infrastructure projects, each with a projected 500% return on investment.

Dallas-based AWP’s inaugural fund, AWP Diversity Fund I LP, generated double-digit returns, with some investors receiving annualized returns exceeding 30%.