Altherum launches access to private equity club deals and real-economy assets

Altherum, built within CGPH Banque d’affaires, is opening a platform for qualified investors to access private equity club deals, venture capital, real estate, energy and other real-economy transactions. The Paris-based platform also offers selected rare assets and uses tokenization as an access and administration layer, not the source of returns.

Why it matters: - Altherum is aimed at investors who want exposure to private markets and real-economy assets that are hard to reach through public markets or standard financial products. - The platform is designed to let qualified investors spread capital across multiple private transactions instead of concentrating everything in one illiquid deal. - The model combines deal sourcing, structuring and digital access in one investment ecosystem.

What happened: - Altherum launched as an investment platform developed within the CGPH Banque d’affaires ecosystem. - The platform is based in Paris and was presented on August 11, 2026. - Altherum was created to meet client demand for access to alternative investments, private equity club deals and real-economy projects. - Kolyo Boichev, Director of Altherum, said the platform was built because investors wanted access to private deals rather than another product catalogue.

The details: - Each opportunity starts with a specific company, asset or project. - CGPH Banque d’affaires sources transactions through its network, reviews financial and industrial fundamentals, and helps define the investment structure. - Altherum then organizes the opportunity and gives qualified investors access to the relevant participation. - Club deals sit at the center of the model. - A club deal lets several qualified investors take part in the same private transaction through a dedicated investment vehicle. - Minimum commitments may be €50,000 or €100,000, depending on the transaction. - The structure can include equity investments in established companies seeking growth, international expansion or strategic acquisitions. - The platform also considers investments in start-ups, scale-ups and pre-IPO companies. - Other deal types include real estate acquisition, development or repositioning, renewable energy projects, infrastructure investments, and private credit or private bond transactions. - Private equity analysis covers financial results, cash generation, debt, business plans, management, governance and exit routes. - Real estate review covers purchase price, location, rental or operating income, development costs, financing and projected sale value. - Renewable energy and infrastructure review focuses on permits, contracts, expected revenues, construction costs and the operator’s ability to execute. - Each deal is structured around its own investment vehicle, capital requirement, minimum ticket, duration, governance, risk factors and exit strategy. - Before an opportunity is listed, CGPH Banque d’affaires may review financial statements, cash-flow assumptions, debt levels, guarantees, contracts, legal documents and possible repayment or exit scenarios. - Altherum provides the digital access point, manages publication of the deal information and allows investors who meet the criteria to participate. - Where appropriate, ownership or participation rights may also be represented digitally on blockchain to improve traceability and administration. - Altherum also selects rare and non-replicable real-world assets. - The asset list includes fine art, diamonds and gemstones, rare watches, sports memorabilia and selected collectibles. - Selection is based on documentation, independent valuation, condition, insurance and custody arrangements. - Tokenization can divide ownership into digital units, with access to selected assets starting from €1,000.

Between the lines: - The platform is not positioning tokenization as a replacement for asset quality or deal performance. - In Altherum’s model, tokenization serves as infrastructure for access and administration. - Returns in private equity depend on company performance and exit terms. - Returns in real estate and energy depend on cash flows and project execution. - Returns in collectibles depend on scarcity, authenticity, provenance and future resale value. - The launch also reflects a broader push to package hard-to-access private opportunities for qualified investors through a more digital workflow.

What's next: - Altherum will continue to source, analyze and structure individual transactions before offering them to qualified investors. - The platform is expected to keep adding deals across private equity, real estate, energy, infrastructure, private credit and selected collectibles. - CGPH Banque d’affaires will remain responsible for origination, financial analysis, transaction structuring and network access while Altherum handles the technology layer.

The bottom line: - Altherum is trying to make private-market investing more accessible without turning it into a mass-market product.