other material
confidence high
sentiment positive
materiality 0.85
AlTi Global gets up to $450M strategic investment from Allianz X, CWC
AlTi Global, Inc.
- Allianz X to invest up to $300M ($250M at close: $110M common stock + $140M preferred) plus $50M option and warrants.
- Constellation Wealth Capital to invest $150M in Series C Preferred ($115M by Mar 31, 2024; $35M by Jun 30, 2024).
- Proceeds to fund M&A pipeline and organic growth; Allianz X CEO and another representative to join AlTi board.
- Transaction subject to regulatory approvals and stockholder approval (for Allianz portion).