Allianz builds structured stake in AlTi Global (ALTI) with prefs and warrants

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Allianz SE has reported a beneficial ownership of 26.06% in AlTi Global Inc. (ALTI), reflecting a $250 million investment made in February 2024. This stake includes a combination of Series A cumulative convertible preferred stock, Class A common shares, and warrants for additional Class A shares. The investment grants Allianz significant governance rights, including two board designees, but also includes an ownership cap and lock-up periods for its shares.

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