$5M
Target raise
Rule 506(c) offering · Verified accredited investors only
Acclivity Sports Card & TCG Fund II
Institutional-grade collectible assets. We own the definitive cards of athletes whose legacies are already written, in the grades where scarcity is mispriced, and we hold them in insured, diversified custody.
3 years
Fund term, plus two 6-month extensions
$200K
Suggested commitment · $50K minimum
30% / 16%
Target IRR, gross / net*
*Target returns, including the 30% gross and 16% net target IRR, are hypothetical objectives based on the manager's assumptions and are not projections, predictions or guarantees. Actual results may differ materially, and investors may lose some or all of their investment. Past performance of Fund I is not indicative of future results.
The opportunity
Why iconic graded cards, and why now
Graded sports cards are becoming an institutional alternative asset. Supply is closed, demand is cultural and global, and the custody and pricing infrastructure has caught up.
Scarcity is fixed
Vintage print runs are closed. Graded population can grow only through submissions, and top grades stay rare.
Culture is the moat
Demand for legends is generational and global, anchored to careers that are complete or certain.
Infrastructure has matured
Institutional vaulting, insurance and weekly pricing data now support fund-grade underwriting.
$30B
Estimated global sports card and trading card game market, per industry estimates.
Fund I · Proof of concept
The strategy, tested in Fund I
Fund I launched in October 2024 as a proof of concept. Its first two years shaped every rule in Fund II. Results, holdings and case studies are available to verified investors in the data room.
Built on Fund I
Three lessons that shaped Fund II
| Lesson | Fund I | Fund II |
|---|---|---|
| Asset-tier elasticity | PSA 10 focused | Multi-grade model across top grades |
| Sovereign cultural anchors | Prospecting exposure | Whitelisted, settled legacies only |
| Systemic population arbitrage | Price-led acquisition | Buy where grade populations misprice scarcity |
Sovereign cultural anchors
A whitelist of 30 icons, no prospecting
We never bet on a career that might not happen. We underwrite legacies already priced into culture: inducted Hall of Famers and Hall-of-Fame-caliber careers across baseball, basketball, football and global sports. Changes to the list require LP Advisory Committee approval. The full whitelist is available to verified investors in the data room.
The TCG sleeve
A hedge and beta moderator inside the fund
Global demand with no off-season.
Year-round, worldwide collector baseNot tied to a single league calendar or country.
Zero performance betaPokémon and Magic: The Gathering cards carry no athletic risk. Values move with IP nostalgia, not injuries or box scores.
Different demand driversIntended to temper sports-season and athlete-news swings.
Capped allocationA defined, capped share of NAV across Pokémon, Magic: The Gathering and Yu-Gi-Oh!
How we invest
A disciplined, repeatable process
STEP 1
Sourcing & acquisition
Proprietary sourcing across auction houses, dealers and private networks surfaces undervalued, high-grade cards.
STEP 2
Grading & authentication
Every card is graded by an approved service and its certificate verified before it enters custody.
STEP 3
Portfolio management
Cards are held, insured and vaulted under institutional custody, marked weekly and reported quarterly.
STEP 4
Exit & monetization
Staged exits through premier auctions, vault marketplaces and private sales.
Custody, protection & valuation
Three vaults, every card insured
Assets are titled to the Fund and split across three independent vaults, so no single platform is a point of failure.
Fanatics Vault
Institutional custody with integrated marketplace access
PSA Vault
Institutional custody with integrated marketplace access
Alt Vault
Institutional custody with integrated marketplace access
Inland Marine insurance
Coverage sized to NAV. New cards are covered at acquisition, and the limit rises as NAV grows.
Integrated exits
Each vault offers marketplace access, so cards can be sold without shipping friction.
Independent pricing data
Marks blend Card Ladder, Sports Card Investor and grading-service population reports.
Valuation oversight
Comparable sales come from the same grading service first. The LP Advisory Committee can send disputed values to an independent valuation agent.
Weekly card-level marks→
Quarterly NAV reports to LPs→
Annual audited financials
Fund II at a glance
Key terms
- Offering
- Reg D Rule 506(c)
- Target raise
- $5,000,000
- Suggested / minimum commitment
- $200,000 / $50,000
- Funding
- 100% at closing, no capital calls
- Term
- 3 years + two 6-month extensions
- Target IRR (gross / net)*
- 30% / 16%
- GP commitment
- 4.0%, subordinated
*Target returns are hypothetical objectives based on the manager's assumptions and are not projections, predictions or guarantees. Actual results may differ materially, and investors may lose some or all of their investment.
Fees, the preferred return, the distribution waterfall and all other economic terms are set out in the Private Placement Memorandum and Limited Partnership Agreement, available to verified investors.
Request the PPM4.0%
We invest alongside you and get our capital back last
The GP commits $200,000 on a $5M raise, subordinated to LP capital and the LP preferred return. Our capital absorbs shortfalls before yours.
LP protections & governance
Protections written into the LPA
Fully funded at close
Each commitment is wired at closing. No capital calls. Uninvested capital is returned within 90 days after the investing period.
LP Advisory Committee
Three to five LPs, no GP affiliates. Approves whitelist changes, conflict transactions, the second extension and valuation changes.
Key person
A key person event automatically suspends new investing. Resuming needs an LPAC majority or a two-thirds LP vote.
Early wind-down
The GP may wind down before year 3 only if defined performance thresholds are met. The LPAC can dispute the valuation.
GP clawback
Distributions are recalculated at liquidation. The GP returns any excess, personally guaranteed.
Reporting
Quarterly NAV and fee statements within 45 days. Audited financials within 120 days and K-1s within 90 days of year-end.
YEAR 1
Deploy
Acquire whitelist cards across grade tiers.
YEAR 2
Optimize
Rotate between grades as population and price gaps shift; rebalance vaults and the TCG sleeve.
YEAR 3
Harvest
Buying stops, then staged exits across vault marketplaces, premier auctions and private sales, with full cash realization by month 36.
Risk management
Key risks and how we mitigate them
| Risk | Mitigant |
|---|---|
| Market sentiment drawdown | Whitelisted icons, multi-grade mix, TCG sleeve |
| Exit liquidity | Deep buyer pools in liquid grades; staged exits over the harvest period |
| Authenticity and condition | Graded by PSA, BGS, BCCG, SGC or CGC; certificates verified; vaulted |
| Loss, theft or damage | Three-vault diversification and Inland Marine coverage |
| Platform failure | Holdings diversified across three independent vaults |
| Valuation subjectivity | Multiple data sources, weekly marks, comp hierarchy, LPAC review |
| Concentration | Whitelist icons diversified by sport, era and price tier |
| Key person | New investing suspends automatically; LPAC or LP vote to resume |
Not a complete list. See Risk Factors in the Private Placement Memorandum.
Leadership
Engineering discipline, institutional finance
Alton Barber
Managing Partner, Acclivity Advisors LLC · General Partner
MS, Systems Engineering · USC
MBA, Finance · NYU / LSE / HEC
Fund counsel: Dionne Celestine
An asset manager, entrepreneur and systems engineer with a long track record of active market participation, appraisal and capital deployment within alternative asset ecosystems. He specializes in engineering structured, institutional-grade discipline into fragmented, inefficient alternative asset markets.
His work as an independent market participant is anchored by long-term asset accumulation, physical authentication expertise, and early recognition of macro trends across tangible and traditional asset classes.
Next steps
Investing in Fund II
- 1Verify accreditationRequired under Rule 506(c): a CPA, attorney or third-party verification letter.
- 2Review the PPM and LPAData room access on request.
- 3SubscribeSuggested $200,000 · minimum $50,000.
- 4Fund and closeWire 100% at closing: first close November 30, final close by December 18, 2026.
Alton Barber, Managing Partner
alton@sportscardandtcgfund.com