Destra Multi-Alternative Fund Overview
Pro stress-test →Destra Multi-Alternative Fund (NYSE: DMA) is a core alternative solution that seeks to achieve long-term performance non-correlated to the broad stock and bond markets, investing primarily in alternative strategies and asset classes including real estate, direct private equity, alternative credit, and hedge strategies. The fund is managed by Destra Capital Advisors LLC, based in Bozeman, MT, with Validus Growth Investors LLC (dba Validex Global Investing) serving as Investment Sub-Adviser.
Strategic Profile
Pro stress-test →Founded in 2008 by industry executives, Destra is a boutique, employee-majority-owned firm that picks specific, often inefficient areas of the market where it can differentiate, specialize, and add value for client portfolios. The fund increased its monthly distribution rate by 21.6% in December 2025 to $0.1125 per share, reflecting continued portfolio transformation and results driven by the Validex Dynamic Alpha process.
Competitive Landscape
Pro stress-test →DMA competes in the closed-end multi-alternative fund space against other diversified alternative strategies and hedge fund-of-funds structures. Primary competitors include other closed-end funds offering similar alternative strategy exposure (real estate, private equity, alternative credit) traded on major exchanges.
Industry Context
Destra Multi-Alternative Fund operates in Closed-End Alternative Funds.
Key facts
Founded: 2008 · Headquarters: Bozeman, US · Market cap: $66.2M