Alta Pete Venture Capital is a U.S. cannabis-focused investment platform providing structured credit, refinancing, and growth capital to established operators in regulated markets.
APVC deploys capital across the cannabis capital stack through asset-backed and revenue-based financing, refinancing, and structured-equity strategies.
One Origination Engine. Three Capital Strategies.
APVC is a vertically integrated Cannabis capital platform spanning origination, structured credit, refinancing, and equity investment across regulated U.S. markets.
- Fund I: Structured Credit (Core Lending)
- Tecumseh Fund I: Refinancing & Credit Optimization
- Fund II: Structured Equity & Growth Capital
- APVC ISO Platform — Origination, structuring, and placement of financing solutions across the U.S. cannabis market.
APVC Fund Platform | Structured Credit for the U.S. Cannabis Lower Middle Market
APVC Fund I — Structured Credit / Core Lending Fund
Asset-Backed and Revenue-Based Financing for Established U.S. Cannabis Operators
APVC Fund I is a structured-credit vehicle focused on providing asset-backed and revenue-based financing to established U.S. cannabis operators. The Fund targets businesses with identifiable repayment sources, verifiable operating history, and collateral or revenue streams that support disciplined underwriting.
Leveraging APVC’s origination and underwriting platform, Fund I seeks current income, principal protection, and selective equity participation through warrants, kickers, or other negotiated instruments.
Classification: Senior Structured Credit / Asset-Backed Lending Fund
Function:
Direct lending to established cannabis operators
Asset-backed and revenue-based financing
Primary originations within APVC’s core credit mandate
Selective equity participation where appropriate
Risk Profile: Medium
Target Gross Investment Return: 19%–25% IRR
Target Holding Period: 12–24 months
Investment Size: $750K–$2M
Target Borrowers: Established U.S. cannabis operators with approximately $750K–$2M in annual revenue, at least six months of operating revenue, and supporting bank statements
Structure: Asset-backed and revenue-based financing, with potential equity participation (kickers)
Role in Platform: Core balance-sheet deployment and short-duration credit engine
Where a financing opportunity falls outside Fund I’s core mandate, APVC may leverage its nationwide network of institutional lenders and capital partners to source, structure, and place transactions from $1 million to $100 million+, subject to structure, collateral, and credit profile.
Gross investment-return targets are stated before management fees, fund expenses, carried interest, taxes, and other fund-level deductions. They are objectives only—not projections, promises, or guarantees. Actual results may differ materially, including possible loss of principal. APVC Fund I is under formation, and any offering will be made only through definitive offering documents and to eligible investors under applicable securities laws.
TECUMSEH Fund I
Typical Investment
Tecumseh Fund I is designed to refinance established cannabis operators burdened by high-cost capital, while selectively providing structured credit solutions where traditional cannabis lenders are unable or unwilling to participate.
Fund investment into cannabis operators generating $750k–$10M in revenue, structured for repayment over ~24 to 48 months with potential equity participation.
Tecumseh Fund I — Refinancing & Opportunistic Credit Fund
Classification: Asset-Backed Refinancing & Credit Optimization Fund
Function:
- Refinance high-cost or legacy debt
- Replace hard-money / expensive capital
- Structured credit for established operators outside APVC program box
Risk Profile: Low-to-Medium (credit-focused, but broader sourcing)
Return Profile: 14–19%
Role in Platform: Capital efficiency + refinancing + pipeline expansion
Investment Parameters
- Investment Size: $2MM–$7MM
- Revenue: $750K–$10M
- Duration: 36–48 months with a 12-month extention optional.
- Structure: Asset-backed and revenue-based financing with plus potential equity participation (kickers).
- Target Return Profile: Gross 14–19% annualized cash yield, plus potential equity participation
Not Eligible Under This Strategy
- Pre-revenue companies
- Transactions under $750K
- Equity-only financing transactions
- No clear path to repayment
APVC Fund II
APVC Fund II — Structured Equity / Growth Capital Fund
APVC Fund II is a growth-oriented equity investment vehicle focused on established U.S. cannabis operators with scalable businesses and clear value-creation potential. The Fund invests in equity and structured-equity instruments, including preferred equity, common equity, convertible securities, and strategic minority positions.
Leveraging APVC’s origination and underwriting platform, Fund II targets long-term capital appreciation through operational growth, expansion, acquisitions, scale-up financing, and strategic transactions.
Classification: Private Equity / Structured Equity Growth Fund
Function:
Preferred equity, common equity, and convertibles
Expansion capital, acquisitions, and scale-up financing
Value creation through operational growth and strategic transactions
Risk Profile: Higher relative to APVC’s credit strategies
Target Gross Investment Return: 20%–30%+ IRR
Target Gross Investment MOIC: 2.5x–3.5x
Target Holding Period: 36–60 months
Investment Size: $750K–$10M
Target Portfolio Companies: Established U.S. cannabis operators with $750K–$10M in annual revenue
Structure: Deal-by-deal cannabis equity SPVs, at the GP’s discretion
Role in Platform: Upside and long-term capital-appreciation engine
Gross investment-return targets are stated before management fees, fund expenses, carried interest, taxes, and other fund-level deductions. They are objectives only—not projections, promises, or guarantees. Actual results may differ materially, including possible loss of principal. APVC Fund II is under formation, and any offering will be made only through definitive offering documents and to eligible investors under applicable securities laws.
APVC | Origination & Capital Placement Platform
Independent Sponsorship & Capital Origination
APVC operates as an independent sponsor and capital-origination platform focused on sourcing, structuring, and coordinating financing solutions for established U.S. cannabis operators.
Through a nationwide network of institutional lenders and capital partners, APVC originates and evaluates opportunities across a broad range of credit profiles and capital needs, including asset-backed, revenue-based, refinancing, and other structured-financing solutions.
When a borrower falls outside a specific APVC fund’s investment parameters, APVC may leverage its capital-partner network to identify potential financing solutions for transactions ranging from $1 million to $100 million+, subject to transaction structure, collateral, underwriting, credit profile, and lender requirements.
APVC’s role is to originate opportunities, assist in evaluating and structuring potential transactions, and connect qualified borrowers with appropriate capital sources across the regulated U.S. cannabis-financing ecosystem.
APVC does not guarantee that financing will be available or that any transaction will close. Financing is subject to lender underwriting, documentation, collateral, regulatory considerations, and other conditions. APVC’s role and compensation, where applicable, are governed by written agreements and applicable law
APVC Operates Where Institutional Capital Doesn't
Most lenders avoid smaller cannabis businesses due to:
Regulatory complexity
Lack of scale
Operational inconsistency
APVC operates in that gap—providing structured capital where:
Traditional banks may not participate
Generalist private-credit providers may not underwrite the sector
Equity capital may be too expensive or unnecessarily dilutive
