Alti Tedemann Global, an international company for international wealth management and alternative investment with more than $ 77 billion in wealth, has won the Konora's family office, a hamburg, multi-family office based in Germany and asset administration firm with about $ 15 billion in AUM.
This is the first European -based acquisition of Alti Tedemann since the sale of shares in Estate of Allianz X and Consttelation last year. The firm appointed part of the Allianz X investment for its expansion in Germany, the third largest ultra high market in the world.
The deal is expected to be closed in the second quarter of 2025.
Konora is a business led by the founder serving customers mainly in Germany and Austria. Specialize in open and closed funds and alternative strategies. As part of the agreement, co-seep Stephan Buchwald and Dr. Patrick MaurenbreCher will reinvest some of Alti's income. They will move to high positions in Alti and help in its strategy in the German market.
“Germany is a sophisticated and profound market with set wealth and a flourishing entrepreneurial scene, and we look forward to working with contemporaries to provide better classroom access and solutions with the service of a boutique family office,” Aiti Tedemann Global Ceo Global Michael Tedemann said in a statement. “The continued support from Allianz x reflects their conviction in Alti's ability to build a leading position in the UHNW segment and demonstrates their clear value as a strategic investor.”
Last February, the firm announced that Allianz X, a wing of the European holding company Allianz that it buys parts of new companies and created with front -tuner technology and significant growth potential, was investing $ 250 million through a combination of $ 110 million in the newly released class A class and $ 140 million in the newly created series.
The $ 150 million constellation investment included an initial investment of $ 115 million in Serie C convertible favorite shares and another $ 35 million in late June.
This follows Alti Tedemann's purchases of two registered US -based investment advisers last year.
Last April, the firm The advisers gained in East End in New York City for a $ 76 million. East East advisers reported managing nearly $ 5.25 billion for nine ultra -rich families and nine charity, with another $ 1.2 billion under counseling.
Then, in May, it BUSHT SEND LLCA Mineapolis-based multi-family office with Aum $ 3 billion. This agreement was estimated at $ 25.2 million, a payment contingent following the closure payable for a four -year period.
About two years ago, Tedemann united his New York-based RIA asset management firms, Tedemann Group and Tig Advisors, with London-based assets manager Merchant Bank and Global Multi-Family Officies Alvarium Investments and Died through a shopping company with special goals.