Private Fund · Tax-Aware Alternatives

Tax Optimization Fund

“Risk Managed for Today. Diversified for Tomorrow.”

A tax-aware, multi-strategy fund engineered to reduce the single largest drag on long-term wealth for high-income investors: taxes.

Confidential · For Qualified Purchasers
The Strategy

Returns First. Tax-Aware by Design.

A diversified alternatives strategy built to pursue equity-like returns across market regimes. Tax efficiency is engineered into the structure so more of that return survives to the investor. The strategy drives the outcome. The tax treatment protects it.

01 · RETURN ENGINE

Equity-Like Returns

Systematic long/short equity and managed futures, run by leading global quant managers, seeking equity-like returns with lower correlation to public markets.

02 · DIVERSIFICATION

A Smoother Path

Market-neutral equity and long-volatility sleeves broaden return sources and add drawdown protection across regimes.

03 · TAX-AWARE STRUCTURE

More of What It Earns

Efficiency built into the vehicle: gains deferred, losses characterized favorably, so more of the pre-tax return compounds.

We pursue returns first. We keep taxes from eroding it. In that order.

The Problem We Solve

The Gap between Performance and Wealth.

Two investors can earn the same return and end up in very different places. The difference is what taxes take out of compounding each year. Taxes, not markets, are often the largest drag on long-term wealth accumulation.

+54%
More ending wealth over 20 years when the same gross return is managed for taxes¹
59¢
What a top-bracket investor earning at ordinary rates keeps of every pre-tax dollar of income
Ordinary Income
Taxed up to 40.8% federal, including the 3.8% net investment income tax
Long-Term Gains
Reach 23.8% at the top federal bracket: a compounding leak every year
State Taxes Stack on Top
Combined marginal rates approach or exceed 50% for many SteelPeak clients

Most alternatives are run as if this gap doesn't exist. Reducing that drag, not reaching for more risk, is the most reliable way to improve what clients actually keep.

¹ Hypothetical: $1M at a constant 7% gross return; “tax-managed” assumes a 0.6% annual tax drag, “taxed annually” assumes gains taxed each year at a 40.8% ordinary rate. Illustrates tax-drag math only; not a projection of Fund returns.

The Discipline

“Would We Own It if Taxes Didn't Exist?”

One test, applied to every strategy we hold. For every sleeve in this Fund, the answer is yes. It is the same standard institutional allocators apply to tax-aware strategies.

01

Evidence-Based Alpha

Every underlying strategy is built on a researched, economically grounded return model, not on generating losses.

02

Institutions Own It Too

Tax-exempt institutions allocate to materially similar strategies. The economics stand on their own.

03

Tax Follows, Never Leads

Tax awareness shapes how positions are held and realized. It never drives portfolio construction.

Why Alpha Summit

In Demand. Nearly Impossible to Build Alone.

Institutional, tax-aware strategies most investors can't reach directly, delivered in a single allocation.

On Your OwnWith Alpha Summit
Manager Access$5M+ minimums, closed fundsInstitutional managers in one fund
StructureMultiple subscriptions and K-1s, complex accounting and tax-character trackingSingle LP, single K-1
Tax OptimizationManual, account by accountEmbedded in the vehicle
Diligence & MonitoringSource, vet, and monitor each managerInstitutional diligence included
Portfolio Construction

Multiple Engines, One Objective: After-Tax Equity Returns.

Built the way institutions build: specialist managers, deliberate roles, one mandate.

Anchor Strategies

60–75% · The Primary Return Engine
  • Tax-aware systematic long/short equity + managed futures

Systematic Equity

10–20% · Tax Harvesting
  • Long/short and market-neutral sleeves that defer gains and harvest short-term losses

Diversifiers

5–15% · Drawdown Protection
  • Uncorrelated, long-volatility strategies for drawdown protection across regimes

Cash

1–5% · Liquidity Buffer
  • Liquidity buffer at the risk-free rate for redemptions and rebalancing

Indicative target ranges at Adviser discretion. Certain strategies remain under diligence and are not yet funded.

The Compounding Edge

Where the Extra Compounding Comes From.

Equity-like gross return → less structural tax drag → more that keeps compounding.

MechanismWhat It Does
Gain DeferralWinning positions held past one year; deferred tax dollars stay invested and compound.
Loss CharacterizationTrader-fund status characterizes trading losses as active ordinary losses that offset income at marginal rates.
Short-Term Loss HarvestingOffsets short-term gains from restricted stock units, a business sale, or trading anywhere in the investor's portfolio.

Each mechanism works across the entire portfolio, not just inside the Fund.

Case Study · Hypothetical Illustration

A Business Owner, One $500K Allocation.

A top-bracket investor wants equity exposure and meaningful tax relief, the kind of structure that's nearly impossible to assemble alone.

$500K
Allocation to the anchor sleeve
~30%
Ordinary-loss character¹
~$150K
Ordinary deduction
~$61K
Potential tax saved at 40.8%

¹ Hypothetical, not a projection or guarantee.

Suitability

Who Should Own It?

+ Potentially Appropriate for

Business Owners with Substantial Ordinary IncomeThe Anchor Managers' active ordinary-loss generation is most powerful for trade-or-business income. A $500K allocation generating -30% losses creates ~$150K in annual deductions, reducing taxable income dollar-for-dollar at marginal rates.
High-Earners Executing Roth ConversionsOrdinary losses can directly offset income recognized in a Roth-conversion year, reducing or eliminating the incremental tax cost and making large conversions feasible at a fraction of the normal after-tax cost.
Clients with Concentrated Equity or Large Capital GainsShort-term losses from the systematic equity sleeves offset short-term gains from restricted stock units, business sales, or other realized events, recycling tax costs back into the portfolio.
Clients Seeking Alternatives without the J-CurveQualified purchasers seeking liquid alternatives with a favorable after-tax profile. Quarterly liquidity and immediate deployment avoid the J-curve common in PE/VC.
Fund Terms

Terms & Structure

StructureDelaware Limited Partnership
General PartnerAlpha Summit Investments I, LLC
Investment AdviserSteelPeak Wealth, LLC (~$4.2B AUM, 3/31/26)
Management Fee1.50% per annum (1.00% for existing SMA clients)
Performance Allocation10% of profits above high-water mark
Minimum Investment$250,000 (GP may waive or modify)
SubscriptionsQuarterly
RedemptionsQuarterly, 60 days' notice, after 1-year lock-up
DistributionsNone; income/loss allocated via Schedule K-1
Tax ReportingSchedule K-1 (extensions expected)
SuitabilityQualified Purchasers; U.S. taxable
Custodian & BankingCharles Schwab (primary); JPMorgan (cash)
AdministratorBridge Alternatives
AuditorCohnReznick LLP
Legal CounselShartsis Friese LLP

Risks: please refer to the Private Placement Memorandum for a more detailed discussion regarding the risks associated with this investment.

Getting Started

Next Steps

A straightforward path from confirming eligibility to funding your allocation.

01 · Confirm Eligibility

Verify Qualified Purchaser / Accredited Investor status and review your tax profile with your advisor.

02 · Review the Documents

Read the Private Placement Memorandum, Limited Partnership Agreement, and Subscription Agreement in full.

03 · Consult Your Tax Advisor

Discuss K-1 timing (plan for an extension) and how the Fund's ordinary losses fit your situation, including any Roth-conversion opportunities.

04 · Subscribe

Complete the Subscription Agreement and Offering Questionnaire.

Get in Touch

“Risk Managed for Today. Diversified for Tomorrow.”

For eligibility, allocations, or operational detail on the Tax Optimization Fund, connect with Alpha Summit.

Important Disclosures

No Offer

This material is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security. Any offer is made solely to eligible investors through the Fund's confidential Private Placement Memorandum (“PPM”), Limited Partnership Agreement, and Subscription Agreement, which should be read in their entirety. In the event of any conflict, those documents control.

Eligibility

Interests are offered only to persons who are both “Qualified Purchasers” and “Accredited Investors” as defined under U.S. securities laws, and only to U.S. taxable investors. The Fund is not appropriate for tax-exempt investors.

Risk of Loss

An investment in the Fund involves substantial risk, including the possible loss of the entire amount invested. The Fund is illiquid, subject to a lock-up and redemption limitations, employs alternative strategies, may use leverage and derivatives, and depends on third-party underlying managers. There is no secondary market for interests.

No Performance Shown

This material does not present Fund performance returns. References to underlying strategies and their historical tax character are descriptive and illustrative only and are not a representation of Fund results. Past performance is not indicative of future results.

Hypothetical Illustration

Any example shown is hypothetical, is provided for illustration only, and does not reflect actual investor results. Hypothetical illustrations have inherent limitations, rely on stated assumptions that may not occur, and benefit from hindsight.

Tax Matters

Nothing herein is tax or legal advice. Tax treatment, including trader-fund characterization and the availability and amount of ordinary losses, depends on each investor's specific circumstances and on U.S. federal, state, and local tax law, which is subject to change, possibly retroactively. No assurance is given that any anticipated tax treatment will be available. Investors should consult their own tax and legal advisors.

Underlying Managers

The underlying managers and strategies referenced are independent third parties and are not affiliated with the Fund, the General Partner, or SteelPeak Wealth, LLC. Their inclusion is not an endorsement. Target allocations are indicative, may change at the Adviser's discretion, and certain strategies referenced remain under diligence and are not yet funded.

Forward-Looking Statements

Statements regarding objectives, targets, and expectations are forward-looking and subject to significant uncertainties. There is no assurance the Fund will achieve its objectives or that any target will be met.

Adviser

SteelPeak Wealth, LLC is an investment adviser registered with the SEC; registration does not imply any level of skill or training. This material is confidential, intended only for the recipient, and may not be reproduced or distributed.

Alpha Summit
Confidential · For Qualified Purchasers