AlTi Global acquires Envoi family office for ~$25.2M; adds ~$3B AUM in Midwest expansion

AlTi Global, Inc.

Initial purchase price ~$25.2M for Envoi, a Minneapolis family office with ~$3B AUM; contingent earnout over 4 years.
Deal expected to close early Q3 2024; funded via $450M M&A facility from Allianz X and Constellation Wealth Capital.
AlTi has over $70B combined assets; deal follows recent East End Advisors acquisition and hiring of Richard Joyner.
Envoi's Principals will continue leading the Minneapolis office; Ryan Steensland joins business development team.

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