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Allianz X and AlTi Team Up to Offer Exclusive Private Markets Access for Ultra-Wealthy

Author: Benzinga Newsdesk | November 04, 2024 03:06am

Allianz X today announced a joint venture ("JV") with AlTi Global, Inc. (NASDAQ:ALTI) ("AlTi" or the "Company"), a leading independent global wealth manager with over $72 billion in combined assets, enabling it to form a strategic partnership with Allianz Global Investors ("AllianzGI"), one of the world's leading active investment managers and a wholly owned subsidiary of Allianz SE (XETRA: ALV), to create a leading private markets offering for the UHNW wealth segment.

Through the joint venture, AlTi and AllianzGI will launch a private markets investment program for UHNW clients that will benefit from AllianzGI's exceptional network and scale. By investing alongside Allianz, the program will provide unprecedented access to leading third-party managers with outstanding track records, significant scale benefits, low minimum ticket sizes, and expanded investment opportunities, including secondaries and co-investments.

The program will initially focus on the approximately $1.5 trillion global private debt market1, leveraging AllianzGI's long-standing and strong track record in private markets for over 25 years, and unique position in this dynamic and growing asset class. The wider Allianz Group, including AllianzGI, is one of the largest private debt investors worldwide.

Posted In: ALTI

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