Alternative Wealth Partners launches second fund targeting $150 million for energy, manufacturing, real estate and infrastructure projects » Dallas Innovates

Kelly Ann Winget, Founder and CEO, Alternative Wealth Partners [Photo: AWP]

Kelly Ann Winget, founder and CEO of Dallas-based Alternative Wealth Partners, is a “diversified private company for investors seeking exposure to the alternative investment space.”・It has generated a lot of attention as a PE company that focuses on building equity funds.Today, AWP may kick off a new round of that buzz by announcing a new fund with a goal of raising $150. a million.

The new fund, AWP Diversity Fund II LP, continues the firm’s commitment to its diversification strategy and aims to achieve “double-digit growth with multi-layered tax benefits through creative deal structuring and exclusive relationships in multiple industries.” We aim to realize “profits”. The fund will invest directly in energy, manufacturing, real estate and infrastructure projects, as well as “businesses and real estate that have the potential to generate cash flow and capital returns within five to seven years,” AWP said.

“We are like an alternative mutual fund,” founder and CEO Winget told Forbes in 2022 about AWP’s first fund, AWP Diversity Fund I LP. “I couldn’t understand why there weren’t funds investing in private equity, energy, consumer goods and real estate.”

The fund’s first year of capital production “generated double-digit returns, with some investors receiving returns in excess of 30% per annum, including tax benefits calculated on cash-on-cash returns.” ” said the AWP.

Winget makes waves from books to podcasts to speeches

If you’ve followed private equity in North Texas in recent years, you’ve probably missed a mention of Kelly Ann Winget.she is the author of Pitch the Bitch: Bag your financial futurelots of alpha of wealth In addition to her podcast, she has been a keynote speaker and panelist at events such as Alts Expo, Women Working in Wealth, and WE Global Studios Rev-Up Summits.

Last fall, D Magazine described her as “the only LGBTQ+ female millennial to run a private equity fund focused on assets other than stocks, bonds, and cash, including real estate, commodities, and private equity.” Her profile details Richardson’s career as an 18-year-old high school student, from banking at her spa and other side jobs, to her current role as a regular at Dallas’ prominent PE. I’m following her career.

Winget’s mission includes a significant focus on diversity, equity and inclusion, and said more than 60% of her investors are women or minorities, according to the Dallas Business Journal. .

Promoting a “diversified portfolio strategy” to reduce risk

The AWP Fund, managed by Winget, seeks to reduce risk through a diversity of assets and pursue a diversified portfolio strategy. The company said its new Diversity Fund II will prioritize investments in “strong, resilient homegrown businesses and real estate with the potential to triple the initial investment,” while AWP will invest in “energy, manufacturing, “We have identified opportunities in the , infrastructure and growth-stage technology sectors,” he added, adding that the ability to invest horizontally could increase overall returns. Beyond asset-level returns, the fund takes advantage of a variety of tax benefits that are expected to increase overall portfolio returns by 10-30%. ”

“Over the next three years, Alternative Wealth Partners sees significant opportunities to acquire strong, resilient businesses and properties across a variety of industries at discounted prices due to market volatility and geopolitical uncertainty,” Winget said. he said in a statement. “We are strategically positioning our investments to take advantage of these opportunities and will further expand our portfolio to meet growing capital demands from investors seeking uncorrelated opportunities and companies seeking strategic partners. We aim to do so.”

The 2024 pipeline includes a Texas kinetics company and an Arizona battery technology company.

AWP says the fund’s 2024 project pipeline includes: texasA dynamics company based in arizonaa battery technology company based in nebraska-based equipment company, as well as other US-based infrastructure projects, all of which are expected to have a 500% return on investment. ”

AWP said it has identified “multiple opportunities and entity structures that enhance the scalability of our current portfolio,” with the aim of participating in both existing portfolio investments and new opportunities as they emerge. “AWP Diversity Fund II will acquire assets held by AWP Diversity Fund I at market value (as determined by an independent third party, if applicable),” AWP said. “These assets are expected to continue to increase in value the longer they are held, and AWP aims to hold these assets in the new fund for the long term.”

Winget founded AWP in 2020

The daughter of a fifth-generation oil and gas family with assets in Louisiana, Oklahoma, and Texas, Winget is committed to “raising creative capital for startups, oil and gas companies, manufacturing ventures, and real estate. She has more than 10 years of experience in the alternative investment field.” Her bio states that she has raised “approximately $1 billion in personal funds for private placement opportunities” throughout her career. Masu.

Winget launched AWP in 2020. What’s her advice for entrepreneurship? “Fail fast. You’ll save a lot of time, money, and energy moving on to the next solution. If something doesn’t work, try something else.” Move on. Don’t let your pride get in the way of your success.”

To learn more about Winget and AWP, check out this revealing Q&A from digital magazine AlphaWeek.

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