Frequently asked questions.

No. Altherum structures participations in real assets and private-market opportunities. Where a permissioned digital ledger is used, it supports the administration and audit trail of participation records; it is not a public cryptocurrency, a token issued to the public, or a speculative digital asset.

The precise nature of a participation depends on the legal structure of each opportunity. It may take the form of a co-ownership right in a physical asset, a participation at SPV level in a club deal, rights arising from a debt instrument such as a bond or note, or a corporate participation in a private-equity vehicle.

Physical assets are held under professional custody arrangements. You are told who the custodian is, how the asset is insured and how operational responsibilities are divided, before you commit. Altherum is not itself a custodian of the underlying asset.

If an opportunity does not reach the subscription level required within its defined window, the outcome follows the process set out for that opportunity: withdrawal of the offering, refund of committed amounts, an extended subscription period, or amended terms, depending on the structure.

Transferability depends on the legal structure of the opportunity. Many are private and carry lock-up periods, transfer restrictions or approval requirements on any transferee, and a liquid secondary market may not exist. Review the specific terms for each participation before you commit.

Fees, costs and any performance-related components are disclosed to you before subscription, opportunity by opportunity. You see the methodology, what triggers a fee and how it interacts with distributions, with no generic schedules standing in the way of the specific terms you review.

Investing in real assets and private-market opportunities involves risk, including possible loss of capital. Depending on the structure, risks can include valuation and market risk, illiquidity, custody and insurance risk, counterparty risk, legal and tax risk, currency risk and operational risk. Each opportunity sets out its own risk factors, reviewed with you before any decision.

A decline in the value of the underlying asset, market conditions, or the ability to complete an exit at an acceptable level can reduce returns and lead to loss of capital. How valuations are established and how a final result is calculated at exit is set out clearly for each opportunity.

In many structures, the underlying asset, custody arrangements, SPVs, instruments and participation records are legally distinct from Altherum as an operating company, so a change in Altherum's own affairs does not automatically unwind an opportunity. Continuity arrangements are set out for each structure.