Group 1 - Althera42 is a new fund launched by former BlackRock executive Caspar Macqueen and Christian Czernich, focusing on providing working capital to companies in Europe's digital infrastructure without taking equity stakes [2][5] - The fund aims to raise $300 million and plans to execute between 15 and 20 deals primarily in Europe and the UK, with potential North American investments [6] - Althera42's investment strategy involves exchanging upfront capital for a fixed percentage of future revenues over several years, allowing companies to access capital without diluting equity or incurring rigid debt obligations [3][4] Group 2 - The fund targets late-stage private companies with annual revenues between €10 million and €100 million (approximately $17 million to $117 million), focusing on those with recurring or licensing-based revenue models [7] - Althera42's royalty investment model combines the upside of venture capital with the steady cash flow of private debt, with gains distributed to investors quarterly [4] - The fund charges a 2% management fee and a 20% performance fee [4]