NEW YORK–(BUSINESS WIRE)–AlTi Global, Inc. (NASDAQ: ALTI), a leading independent global wealth and alternatives manager with over $70 billion in combined assets, today announced the closing of the second investment from Constellation Wealth Capital. CWC, an investment advisory firm specializing in making investments in industry-leading wealth managers, has made an additional investment of $35 million in AlTi. The investment by CWC, which, together with CWC’s earlier investment totals $150 million, is part of the previously announced strategic investment of up to $450 million from Allianz X and CWC.
Under the terms of the investment agreement, as previously disclosed, AlTi sold to CWC 35,000 additional shares of newly created Series C Convertible Preferred Stock for a purchase price equal to $35 million and issued additional warrants to purchase 466,667 shares of AlTi’s Class A Common Stock.
Further details are included in the Company’s current report on Form 8-K filed with the Securities and Exchange Commission.
About AlTi
AlTi is a leading independent global wealth and alternatives manager providing entrepreneurs, multi-generational families, institutions, and emerging next-generation leaders with fiduciary capabilities as well as alternative investment strategies and advisory services. AlTi’s comprehensive offering is underscored by a commitment to impact or values-aligned investing and generating a net positive impact through its business activities. The firm currently manages or advises on over $71 billion in combined assets and has an expansive network with approximately 400 professionals across three continents. For more information, please visit us at www.alti-global.com.
About Constellation Wealth Capital
Constellation Wealth Capital is an alternative asset management platform dedicated to the wealth management sector. CWC provides flexible, long-term capital solutions, and strategic advisory support to scaled wealth management platforms.
CWC leverages its deep industry experience and relationships for the benefit of its partner firms. Learn more at www.constellationwealthcapital.com.
