Allianz X and AlTi Tiedemann Global forge unique joint venture to pioneer UHNW wealth access to private markets alongside Allianz’s balance sheet investments powered by Allianz Global Investors
AlTi Global (NASDAQ: ALTI) and Allianz X announced a joint venture to create a private markets offering for ultra-high-net-worth (UHNW) clients. The partnership, through Allianz Global Investors' $100bn+ private markets platform, will initially focus on the $1.5 trillion global private debt market. The AlTi-Allianz Private Debt Program will provide UHNW clients access to top-tier managers alongside Allianz's balance sheet investments, featuring low minimum ticket sizes, secondaries, and co-investments. This follows Allianz X's strategic investment of up to $300mn in AlTi in July. The program will be offered through a semi-liquid evergreen structure, pending regulatory approvals.
AlTi Global (NASDAQ: ALTI) e Allianz X hanno annunciato una joint venture per creare un'offerta di mercati privati destinata a clienti ultra-wealthy (UHNW). La partnership, attraverso la piattaforma di mercati privati di Allianz Global Investors da oltre 100 miliardi di dollari, si concentrerà inizialmente sul mercato del debito privato globale da 1,5 trilioni di dollari. Il Programma di Debito Privato AlTi-Allianz fornirà ai clienti UHNW l'accesso ai gestori di primo livello insieme agli investimenti del bilancio di Allianz, con ticket di investimento minimi ridotti, secondari e co-investimenti. Questo segue l'investimento strategico di Allianz X fino a 300 milioni di dollari in AlTi a luglio. Il programma sarà offerto attraverso una struttura evergreen semi-liquida, in attesa delle approvazioni normative.
AlTi Global (NASDAQ: ALTI) y Allianz X anunciaron una empresa conjunta para crear una oferta de mercados privados para clientes de ultranetas (UHNW). La asociación, a través de la plataforma de mercados privados de Allianz Global Investors de más de $100 mil millones, se enfocará inicialmente en el mercado global de deuda privada de $1.5 trillones. El Programa de Deuda Privada AlTi-Allianz brindará a los clientes UHNW acceso a gestores de primer nivel junto con las inversiones en el balance de Allianz, con tamaños de ticket mínimos bajos, secundarios y coinversiones. Esto sigue a la inversión estratégica de Allianz X de hasta $300 millones en AlTi en julio. El programa se ofrecerá a través de una estructura evergreen semilíquida, a la espera de aprobaciones regulatorias.
AlTi Global (NASDAQ: ALTI)과 Allianz X는 초고액 자산(UHNW) 고객을 위한 사모 시장 솔루션을 만들기 위한 합작 회사를 발표했습니다. Allianz Global Investors의 1조 달러 이상의 사모 시장 플랫폼을 통해 파트너십은 처음에 1.5조 달러 규모의 글로벌 사모 채무 시장에 집중할 것입니다. AlTi-Allianz 사모 채무 프로그램은 UHNW 고객에게 Allianz의 자산 투자와 함께 고급 관리자의 접근을 제공하며, 낮은 최소 투자 금액, 세컨더리, 공동 투자 기능을 포함합니다. 이는 Allianz X가 7월에 AlTi에 최대 3억 달러를 전략적으로 투자한 후 이루어진 것입니다. 해당 프로그램은 규제 승인을 기다리는 세미-유동성 에버그린 구조로 제공될 예정입니다.
AlTi Global (NASDAQ: ALTI) et Allianz X ont annoncé un partenariat pour créer une offre de marchés privés destinée aux clients ultra-riches (UHNW). Ce partenariat, à travers la plateforme de marchés privés d'Allianz Global Investors de plus de 100 milliards de dollars, se concentrera initialement sur le marché mondial de la dette privée, évalué à 1,5 trillion de dollars. Le Programme de Dette Privée AlTi-Allianz offrira aux clients UHNW un accès à des gestionnaires de premier plan ainsi qu'aux investissements dans le bilan d'Allianz, avec de faibles montants d'investissement minimums, des opérations secondaires et des co-investissements. Cela fait suite à l'investissement stratégique d'Allianz X de jusqu'à 300 millions de dollars dans AlTi en juillet. Le programme sera proposé dans le cadre d'une structure evergreen semi-liquide, en attente des approbations réglementaires.
AlTi Global (NASDAQ: ALTI) und Allianz X haben ein Gemeinschaftsunternehmen zur Schaffung eines Angebots für private Märkte für ultra-hochvermögende (UHNW) Kunden angekündigt. Die Partnerschaft wird sich zunächst über die Plattform für private Märkte von Allianz Global Investors mit über 100 Milliarden US-Dollar auf den globalen Markt für private Schuldverschreibungen im Wert von 1,5 Billionen US-Dollar konzentrieren. Das AlTi-Allianz Private Debt Programm wird UHNW-Kunden den Zugang zu Spitzenmanagern sowie zu den Bilanzinvestitionen von Allianz ermöglichen, mit niedrigen Mindestbeträgen, Sekundärmarkt-Anlagen und Co-Investitionen. Dies folgt auf die strategische Investition von Allianz X von bis zu 300 Millionen US-Dollar in AlTi im Juli. Das Programm wird in einer semi-liquiden Evergreen-Struktur angeboten, die noch auf die Genehmigungen der Aufsichtsbehörden wartet.
- Strategic partnership with Allianz, one of the world's largest private debt investors
- Access to AllianzGI's $100bn+ private markets platform
- Expansion into $1.5 trillion global private debt market
- Low minimum investment requirements for UHNW clients
- Additional revenue opportunities through secondaries and co-investments
- Program launch subject to regulatory approvals
- Execution risk in implementing new joint venture structure
Insights
This strategic partnership marks a significant shift in the UHNW wealth management landscape. The joint venture between AlTi and Allianz, leveraging
The structure offers three key advantages:
- Scale benefits and lower minimum investment thresholds
- Access to top-tier managers alongside a major institutional investor
- Expanded investment opportunities including secondaries and co-investments
This partnership represents a significant democratization of private markets access for UHNW investors. The ability to invest alongside Allianz's balance sheet provides unique advantages in deal flow, manager selection and negotiating power. The focus on private debt is particularly timely, as this asset class offers attractive risk-adjusted returns and income generation potential in the current market environment.
The evergreen structure with semi-liquid features addresses key barriers to private market investment, while the multi-strategy approach across regions and risk profiles enables proper diversification. This could set a new industry standard for private market access in the wealth management sector.
- Partnership leverages Allianz’s position as one of the world’s largest allocators to private markets via Allianz Global Investors
- Initially focused on private debt, AlTi’s ultra-high-net-worth (“UHNW”) clients and select institutional investors will be able to invest in top tier managers, strategies and deals alongside Allianz’s balance sheet
- Partnership is positioned to drive the democratization of private markets in the UHNW wealth segment and enables Allianz Global Investors to strategically increase access to its
- Partnership is structured through JV with Allianz X, which follows its strategic investment of up to
MUNICH &
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
Michael Tiedemann, CEO of AlTi Tiedemann Global, said: “Our AlTi-Allianz Private Debt Program sets a new benchmark in the UHNW wealth management industry. We are delighted to offer our clients unique access to Allianz’s world-class network of third-party managers at attractive terms and with additional access to co-investments and secondaries. We believe the combined resources of our platforms will provide current and prospective clients with an offering that is unmatched in the alternatives investment space.”
Tobias Pross, CEO of Allianz Global Investors, said: “For ultra-high-net-worth individuals and select institutional investors, diversification beyond the public financial markets can help to preserve and grow capital. Private debt’s diversification benefits, coupled with its attractive risk-adjusted returns, make it a compelling component to investors’ portfolios. Through our strategic partnership, we are able to bring some of the best investment opportunities in private markets to the most discerning and dynamic owners of capital in the world. We believe this is only the beginning, as we seek to expand our joint offerings in private markets in the months and years to come.”
Nazim Cetin, CEO of Allianz X, said: “This partnership is a powerful demonstration of Allianz X’s prowess as a strategic investor and business builder – for its partner companies and the Allianz Group. The formation of our JV with AlTi just months after our initial investment is a first building block of what we can achieve together in the expanding wealth management sector. We’re poised to revolutionize access to the private markets, initially through private debt, and we are confident that investing alongside Allianz will unlock new opportunities for AlTi, Allianz, and the broader UHNW market segment.”
The AlTi-Allianz Private Debt Program is set to be offered by a semi-liquid evergreen structure designed to invest in all aspects of the private debt markets, covering various strategies, regions, segments, and risk-return profiles, including direct access to secondaries and co-investments.
The formation of the joint venture and the launch of the private debt program are contingent upon the completion of definitive agreements and obtaining necessary regulatory approvals.
About AlTi
AlTi Tiedemann Global is a leading independent global wealth manager providing entrepreneurs, multi-generational families, institutions, and emerging next-generation leaders with fiduciary capabilities as well as alternative investment strategies and advisory services. AlTi’s comprehensive offering is underscored by a commitment to impact or values-aligned investing. The firm currently manages or advises on over
About Allianz Global Investors
Allianz Global Investors is a leading active asset manager with over 600 investment professionals in over 20 offices worldwide and managing
Data as at 30 June 2024. Total assets under management are assets or securities portfolios, valued at current market value, for which Allianz Global Investors companies are responsible vis-á-vis clients for providing discretionary investment management decisions and portfolio management, either directly or via a sub-advisor (these include Allianz Global Investors assets which are now sub-advised by Voya IM since 25 July 2022). This excludes assets for which Allianz Global Investors companies are primarily responsible for administrative services only. Assets under management are managed on behalf of third parties as well as on behalf of the Allianz Group.
About Allianz X
Allianz X invests in innovative growth companies in ecosystems relevant to insurance and asset management. It has a global portfolio of around 25 companies and assets under management of about
On behalf of leading global insurer and asset manager Allianz Group, Allianz X provides an interface between Allianz companies and the broader ecosystem, enabling collaborative partnerships in insurtech, fintech, wealth, and beyond.
As an investor, Allianz X supports growth companies to take the next bold steps and realize their full potential.
Keep up with the latest at Allianz X on Medium, LinkedIn, and X (formerly Twitter).
1 https://www.morganstanley.com/ideas/private-credit-outlook-considerations.
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AlTi Tiedemann Global Investor Relations:
Lily Arteaga, Head of Investor Relations, investor@alti-global.com
AlTi Tiedemann Global Media Relations:
Alex Jorgensen, pro-alti@prosek.com
Allianz Global Investors Media Relations:
Marion Leblanc-Wohrer
Mobile +33 6 85 15 74 54
marion.leblancwohrer@allianzgi.com
Pia Groeger
Mobile +49 173 358 6167
Pia.groeger@allianzgi.com
Allianz X Media Relations:
Allianz X Communications, mediarelations@allianz.com
Source: AlTi Global, Inc.
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