Allianz X today announced a joint venture with AlTi Global, Inc, enabling it to form a strategic partnership with Allianz Global Investors to create a private markets offering for the UHNW wealth segment.
Through the joint venture, AlTi and AllianzGI will launch a private markets investment programme 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 USD1.5 trillion global private debt market, leveraging AllianzGI’s track record in private markets for over 25 years.
Michael Tiedemann, CEO of AlTi Tiedemann Global, says: “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, says: “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, says: “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.”
