Gatsby's headline: the equal-weighted average of eight yearly averages of its reported deal returns.
20.87% averaged across the 48 deals; median completed deal 16.58% a year.
“Average Annualized Net Return to Investors (2017-2025): 22.3%”
AltStreet monitors alternative markets and keeps the record behind them: the filings and offering documents, and the historical financial and performance data of every platform and sponsor, what each raised, charged, paid out and returned. That record becomes scored platform reviews, a data terminal, deal alerts with the memo attached, and a research desk.
Ask DLP to walk through the waterfall from the operating agreement.
“all DLP Capital-sponsored funds assess a 20% performance fee on total distributions if the fund return exceeds the annual preferred return”
Neuberger Berman's Secondary Opportunities Fund VI Reports Its First Sales: $1.89 Billion Onshore and $1.48 Billion Offshore
A Second TPG Angelo Gordon Fund Reports a Lower Amount Sold: AG Core Plus Realty Fund IV Reports $631.8 Million Against the $1.31 Billion It Had Repeated Since 2018
tZERO Agrees to $325 Million SPAC Merger After April's TZROP Conversion
HPS Corporate Lending Fund Fills 43.7% of Shares Tendered, Its Third Prorated Quarter in a Row
From the four most recently updated reviews: the claim, then the passage it rests on.
Every review carries this appendix.
Gatsby's headline: the equal-weighted average of eight yearly averages of its reported deal returns.
20.87% averaged across the 48 deals; median completed deal 16.58% a year.
“Average Annualized Net Return to Investors (2017-2025): 22.3%”
Pre-Fund principal returned since June 2024, with interest deferred; losses and gains reported on resolved loans, final recovery unresolved.
$70,254,000 of notes at May 31, 2024.
“We've now returned 90.25% of all PFNF principal since we began this distribution plan.”
Premium receivable in Re's TVL, unchanged to the cent since June 20, 2026.
Token deposits were $405.2M of the $799M TVL on October 31.
“contracted written premium receivable”
Board-entered 'Cover Re investment' figure counted in the capital pool.
20.3% of the counted pool; set by the 3-of-5 Advisory Board Safe without a timelock.
“18,736,260 USDC”
Four products from one record: the documents and filings, and the financial and performance history of every sponsor, what it raised, charged, distributed and realized. Each product answers one question. The Terminal is pull: you ask the data. Deal Intelligence is push: AltStreet tells you what changed before you knew to ask.
“What should I know about this platform or market?”
Platform reviews, guides and a filings news wire. Free.
“Let me search and analyze the market myself.”
You ask the data. Alert feed, evidence, entity graph, screener, enforcement and LP holdings on one schema.
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AltStreet tells you before you knew to ask. The alert the day an offering appears on a covered platform; the committee memo once an analyst has approved it.
“Investigate this specific investment for me.”
One investment, one scope, a fixed price: a Diligence Check, a full Diligence Report, or a custom institutional engagement.
Is the platform what it says it is, what does it really charge, and what have investors actually gotten back?
Find your platformWho is behind it, who audits and custodies it, what has it filed, and has anyone involved been the subject of an SEC or FINRA action?
AltStreet for advisersHow much capital is forming, where, through which intermediaries, and what is stalling?
See the TerminalA free weekly briefing covers new scores, filings, deals and research across 20+ alternative asset categories. Subscribe. Run a platform, fund or adviser? Claim and verify your profile.
Every platform, offering, adviser, auditor and filing on one schema, so an art platform and a private credit fund read on the same rows. Free to start; Investor and Pro plans add the evidence passages, watchlists, market-wide screening and export. The Terminal is pull: you search the market. Deal Intelligence is push: AltStreet watches it for you and sends the alert and the memo.

Critical filing events in full for everyone; the full stream, filters and export on Pro.
The verbatim passage behind every scored field, with the discrepancies the analyst recorded.
People, firms and broker-dealers resolved across Form D filings; league tables on Pro.
Every Form D, Reg CF and Reg A offering chain by status, amount sold, velocity and investors.
SEC litigation releases, administrative proceedings and FINRA actions; the join to tracked platforms on Pro.
Watch the issuers and platforms you hold and be told when a filing changes something.
Five layers of evidence, read in this order for every review.
The full evaluation frameworkGoing concern, liquidity, cash runway, operational health
Fee layers, lockups, ROFR mechanics, distribution waterfall
Form D ingestion, amendments, S-1s, fundraising trajectory
Exit tracking, IRR drift, marked-to-realized variance
Source-linked verification, confidence levels, analyst trails
From carbon markets and AI compute to private credit, farmland, litigation finance and collectibles.
Longer answers: methodology, verification policy, editorial policy.
What exists and what the record shows. What it means. What just changed. Every AltStreet product answers one of the three, from the same evidence and the same sponsor record.
Search the market yourself: every platform, offering, adviser, auditor and filing on one schema, with screening and export.
Forensic, filing-linked analysis of alternative investment platforms across all 20 categories. Free.
Commissioned diligence on one investment: a Diligence Check, a full Diligence Report, or a custom engagement.
Let AltStreet watch the market for you: the alert the day an offering appears, the committee memo once approved.
One useful review, data point or platform comparison each week, free. Built for investors who want the evidence.