Key Takeaways
- • Alternative Wealth Partners (AWP) has launched AWP Diversity Fund II LP, targeting a $150 million capital raise with a $250,000 minimum investment per investor, continuing the firm's multi-asset diversification strategy.
- • The fund targets double-digit returns with layered tax advantages through direct investments in energy, manufacturing, real estate, and infrastructure projects with expected cash flow and equity returns within 5-7 years.
- • AWP's inaugural fund (Diversity Fund I) deployed $4.5 million in 2023 and generated double-digit returns, with some investors receiving annualized returns exceeding 30% inclusive of tax benefits on a cash-on-cash basis.
- • Founded by CEO Kelly Ann Winget, AWP positions itself as "a mutual fund of alternatives," offering institutional and high-net-worth investors exposure to diversified private equity across multiple industry verticals rather than single-asset-class concentration.
- • The fund strategy reflects rising institutional demand for alternative investment vehicles that provide tax-efficient structuring and multi-sector exposure within a single fund vehicle.
Summary
Alternative Wealth Partners, a Dallas-based private equity firm, announced the launch of its second diversified fund targeting $150 million in capital commitments. The new vehicle, AWP Diversity Fund II LP, represents the firm's continued expansion of its multi-asset alternative investment strategy aimed at institutional and high-net-worth investors seeking exposure across multiple sectors simultaneously.
The fund will deploy capital directly into energy, manufacturing, real estate, and infrastructure projects, with management targeting cash flow and equity returns within a 5-7 year investment horizon. According to AWP, the fund is structured to deliver double-digit returns through layered tax advantages and what the firm describes as "creative deal structuring and exclusive relationships in multiple industries." The minimum investment requirement is set at $250,000 per investor, positioning the fund for institutional and accredited family office capital.
CEO and Founder Kelly Ann Winget has positioned AWP's approach as filling a gap in the alternative investment market. "We're like a mutual fund of alternatives," Winget stated in prior commentary to Forbes, articulating the thesis that investors lacked a vehicle providing consolidated exposure to private equity, energy, consumer goods, and real estate within a single fund structure. This diversification strategy contrasts with traditional single-sector PE funds.
Performance data from the inaugural AWP Diversity Fund I supports the fund's return thesis. In its first year of deployed capital, the fund generated double-digit returns, with some investors achieving annualized returns exceeding 30% when inclusive of tax benefits calculated into cash-on-cash returns. The first fund had deployed $4.5 million as of 2023, with a $100,000 minimum investment at inception.
The launch of Fund II positions AWP within the broader alternative investment ecosystem during a period of heightened institutional interest in diversified, tax-efficient vehicles. Winget has built a notable profile as a thought leader in the alternatives space, hosting The Wealth Alpha podcast and speaking at industry conferences including the Alts Expo and Women Working in Wealth events.
The fund will deploy capital directly into energy, manufacturing, real estate, and infrastructure projects, with management targeting cash flow and equity returns within a 5-7 year investment horizon. According to AWP, the fund is structured to deliver double-digit returns through layered tax advantages and what the firm describes as "creative deal structuring and exclusive relationships in multiple industries." The minimum investment requirement is set at $250,000 per investor, positioning the fund for institutional and accredited family office capital.
CEO and Founder Kelly Ann Winget has positioned AWP's approach as filling a gap in the alternative investment market. "We're like a mutual fund of alternatives," Winget stated in prior commentary to Forbes, articulating the thesis that investors lacked a vehicle providing consolidated exposure to private equity, energy, consumer goods, and real estate within a single fund structure. This diversification strategy contrasts with traditional single-sector PE funds.
Performance data from the inaugural AWP Diversity Fund I supports the fund's return thesis. In its first year of deployed capital, the fund generated double-digit returns, with some investors achieving annualized returns exceeding 30% when inclusive of tax benefits calculated into cash-on-cash returns. The first fund had deployed $4.5 million as of 2023, with a $100,000 minimum investment at inception.
The launch of Fund II positions AWP within the broader alternative investment ecosystem during a period of heightened institutional interest in diversified, tax-efficient vehicles. Winget has built a notable profile as a thought leader in the alternatives space, hosting The Wealth Alpha podcast and speaking at industry conferences including the Alts Expo and Women Working in Wealth events.
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