Alliance Equities

Alliance Equities

Alliance Equities was formed to manage capital for the Dyer family and the Bhatnagar family. David P. Dyer, an attorney licensed in Missouri, leads the firm from its Auckland base while maintaining operational ties to U.S. investments. Sir Roger Bhatnagar founded the electronics retailer Sound Plus; his son Aaron Bhatnagar now serves as a principal. The office deploys across real estate, infrastructure, and private equity. It participates in cell-tower development through Horizon Tower Limited Partnership-II and maintains a portfolio of towers leased to AT&T, T-Mobile, and Verizon. Oil and gas drilling programs target proven U.S. basins. Commercial parcels include property in St. Louis County, Missouri, and Oakland County, Michigan. Allocations occur via direct co-investments, SPVs, and fund-of-funds commitments. The geographic footprint spans North America, Oceania, Asia, Europe, and Africa. Team size and total deployment remain undisclosed. The firm lists three named professionals on its site. Jake Enenbach rejoined as Vice President in May 2025 after prior work at a New York wealth manager. Additional vehicles include philanthropic commitments through Friends and Family of LCKS. Aaron Bhatnagar previously served on the Real Estate Agents Authority board and the NZ Shareholders Association Auckland committee. The office maintains a hybrid structure that combines family capital with external operator partnerships. It formed Horizon Tower Limited Partnership-II in 2014 after replacing Duff Ackerman & Goodrich as the financing partner for tower developer John Kapulica. This model allows the families to retain direct ownership stakes in operating assets rather than relying solely on third-party fund commitments.