AlTi Global gets $450M investment by Allianz X and CWC, advancing M&A capacity

AlTi Global announced a strategic investment of up to $450M by Allianz X and Constellation Wealth Capital or CWC . Allianz X, an investment arm of Allianz SE will invest up to $300M through one of its affiliates. CWC, an investment advisory firm specializing in making investments in industry-leading wealth managers, will invest $150M. AlTi will use the capital principally to fund its mergers and acquisitions M&A pipeline and organic growth activities. This will expand the scale and reach of AlTi’s global ultra-high-net-worth or UHNW wealth management and strategic alternatives business in existing and new markets, leveraging the industry expertise and relationships of both Allianz and CWC. The partnership with Allianz offers opportunities to provide additional solutions to service both companies’ clients more holistically. Nazim Cetin, Chief Executive Officer of Allianz X, and another Allianz representative will be appointed to AlTi’s Board of Directors, and CWC will have an observer seat on the Board, upon completion of their respective investments.