A subsidiary of German insurance giant Allianz and US firm Constellation Wealth Capital have teamed up to invest a total of $400 million (CHF 351.3 million) in asset manager Alti Global.
Alti’s global presence includes offices in Zurich, Geneva, Lugano and Baar.
Allianz’s venture capital arm Allianz X will make an initial investment of $250 million. Constellation Wealth Capital, a newly formed minority company of registered investment advisers in the United States, has agreed to invest $150 million.