Key Takeaways
- • Alternative Wealth Partners launches AWP Diversity Fund II LP targeting $150 million in capital commitments to deploy across energy, manufacturing, real estate, and infrastructure investments with projected 5-7 year hold periods.
- • The flagship fund (AWP Diversity Fund I LP) has demonstrated early performance with double-digit returns in its first year of deployed capital, with some investors reporting annualized returns exceeding 30% when tax benefits are factored into cash-on-cash returns.
- • The fund strategy targets "double-digit returns with layered tax advantages through creative deal structuring," positioning AWP as a diversified alternative investment vehicle across multiple asset classes rather than single-sector focus.
- • Founder and CEO Kelly Ann Winget has established significant visibility in North Texas alternative investment circles as author, podcast host, and keynote speaker at industry conferences including Alts Expo and Women Working in Wealth forums.
- • The second fund launch represents AWP's continuation of its "mutual fund of alternatives" thesis, offering institutional and accredited investors exposure to uncorrelated deal flow across energy, real estate, and infrastructure sectors.
Summary
Alternative Wealth Partners, a Dallas-based private equity firm founded by Kelly Ann Winget, announced the launch of AWP Diversity Fund II LP on March 27, 2024, with a target raise of $150 million. The fund will deploy capital directly into energy, manufacturing, real estate, and infrastructure projects, targeting investments with cash flow and equity return potential over 5-to-7-year investment horizons.
The fund structure aligns with AWP's stated investment philosophy of delivering "double-digit returns with layered tax advantages through creative deal structuring and exclusive relationships in multiple industries." According to the firm, this approach creates a diversified alternative investment vehicle comparable to a "mutual fund of alternatives," addressing what Winget identified in 2022 as a gap in the market for funds offering concurrent exposure to private equity, energy, consumer goods, and real estate rather than single-sector concentration.
Performance from the inaugural AWP Diversity Fund I LP provides early validation of the strategy. In its first year of deployed capital deployment, the fund generated double-digit returns, with select investors receiving annualized returns exceeding 30% when tax benefits are incorporated into cash-on-cash return calculations. This early-stage performance underscores the tax-efficient structuring component that differentiates AWP's fund architecture.
Winget has cultivated substantial platform visibility within North Texas alternative investment circles through multiple channels, including her authored book "Pitch the Bitch: Grab Your Financial Future by the Bags," her podcast "The Wealth Alpha," and active participation as keynote speaker and panelist at conferences including Alts Expo, Women Working in Wealth, and WE Global Studios Rev-Up Summits. This positioning has elevated AWP's profile among institutional and family office investor bases evaluating emerging alternative investment managers.
The second fund launch represents institutional validation of AWP's diversified alternative investment thesis and signals continued capital formation momentum for the firm within the Texas private equity ecosystem.
The fund structure aligns with AWP's stated investment philosophy of delivering "double-digit returns with layered tax advantages through creative deal structuring and exclusive relationships in multiple industries." According to the firm, this approach creates a diversified alternative investment vehicle comparable to a "mutual fund of alternatives," addressing what Winget identified in 2022 as a gap in the market for funds offering concurrent exposure to private equity, energy, consumer goods, and real estate rather than single-sector concentration.
Performance from the inaugural AWP Diversity Fund I LP provides early validation of the strategy. In its first year of deployed capital deployment, the fund generated double-digit returns, with select investors receiving annualized returns exceeding 30% when tax benefits are incorporated into cash-on-cash return calculations. This early-stage performance underscores the tax-efficient structuring component that differentiates AWP's fund architecture.
Winget has cultivated substantial platform visibility within North Texas alternative investment circles through multiple channels, including her authored book "Pitch the Bitch: Grab Your Financial Future by the Bags," her podcast "The Wealth Alpha," and active participation as keynote speaker and panelist at conferences including Alts Expo, Women Working in Wealth, and WE Global Studios Rev-Up Summits. This positioning has elevated AWP's profile among institutional and family office investor bases evaluating emerging alternative investment managers.
The second fund launch represents institutional validation of AWP's diversified alternative investment thesis and signals continued capital formation momentum for the firm within the Texas private equity ecosystem.
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