Allianz X and AlTi Global announce joint venture

Allianz X announced a joint venture with AlTi Global, a wealth manager with over $72 billion in combined assets.

Initially focused on private debt, AlTi’s ultra-high-net-worth clients and select institutional investors will be able to invest in top tier managers, strategies and deals alongside Allianz’s balance sheet. The wider Allianz Group, including AllianzGI, is one of the largest private debt investors worldwide.

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.

“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.” – Michael Tiedemann, CEO of AlTi Tiedemann Global.

“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.” – Tobias Pross, CEO of Allianz Global Investors.

“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.” – Nazim Cetin, CEO of Allianz X.