For LP Investors

Alta Pete Venture Capital is a sequential credit-to-equity investment platform providing asset-backed and revenue-based financing, refinancing, and structured equity capital to cannabis operators underserved by institutional lenders.
We focus on established businesses generating approximately $750K–$10M in annual revenue (Fund I: $750K–$2M), where structured capital, disciplined underwriting, and — for proven operators — structured equity support a clear path to value creation.

Target Return Profile

• Fund I: 19-25% target IRR
• Tecumseh Fund I: 14-19% target IRR
• Fund II: 20-30%+ target IRR

Investment Duration

• Fund I: 12-24 months
• Tecumseh Fund I: 36-48 months + 12-month extension
• Fund II: 36-60 months

Why This Market

• Limited access to traditional banking and institutional credit
• Fragmented lower middle-market operator base below institutional thresholds
• Structural inefficiencies in cannabis credit and equity markets

Risk Management

• Asset-backed and revenue-based financing structures
• Cash flow–based underwriting, not projections
• Short-duration structures with defined repayment pathways
• Structured equity participation as supplemental upside
• Fund II equity positions underwritten on a 2-5 year debt track record before conversion — the debt relationship is the equity diligence

Investment Discipline

For Fund I and Tecumseh Fund I, we begin with one question: How does this capital get repaid?
For Fund II, we begin with a second: Has this operator already proven it, and where's the exit?

• Revenue-generating cannabis operators only
• No pre-revenue or concept-stage exposure
• Fund I / Tecumseh: structures anchored in identifiable assets and/or recurring cash flow
• Fund II: positions built on 2-5 years of firsthand operator financials and monitoring, not first-meeting diligence