secwatch.observer — SEC 8-K summary
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Issuer:     AlTi Global, Inc. (ALTI)
CIK:        0001838615
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001628280-24-022202
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838615/000162828024022202/0001628280-24-022202-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838615/000162828024022202/alti-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-022202

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer