AlTi Global closes additional $35M investment from Constellation Wealth Capital

AlTi Global, Inc.

CWC invested $35M, bringing total to $150M of planned $450M strategic investment from Allianz X and CWC.
AlTi issued 35,000 Series C Convertible Preferred shares at $1,000 each and warrants for 466,667 common shares.
Company manages over $70B in combined assets as of the press release date.
Investment supports AlTi's growth as independent wealth and alternatives manager.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AlTi Global, Inc. entered into Constellation Investment Agreement with CWC AlTi Investor LLC, an affiliate of Constellation Wealth Capital, LLC (effective 2024-02-22).

Action: entry
Agreement: equity purchase
Counterparty: CWC AlTi Investor LLC, an affiliate of Constellation Wealth Capital, LLC
Effective: 2024-02-22

Exact text from the filing

on March 27, 2024 the Company sold to CWC AlTi Investor LLC, an affiliate of Constellation Wealth Capital, LLC (“ Constellation ”), 115,000 shares of a newly created class of preferred stock designated Series C Cumulative Convertible Preferred Stock (the “ Series C Preferred Stock ”) for a purchase price equal to $115 million

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AlTi Global, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-023533

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