Top Multi-Family Offices Tiedemann & Alvarium Merged as Alvarium Tiedemann with $60 Billion AUM, SPAC Merger via Cartesian Growth Corporation with $1.4 Billion Value
14th January 2023 | Hong Kong
The world’s top multi-family offices (MFOs) $30 billion Tiedemann Group (United States) and $30 billion Alvarium Investments (United Kingdom) have completed their SPAC merger via Cartesian Growth Corporation (3/1/23), with the new entity operating as Alvarium Tiedemann with a combined $60 billion AUM (Assets under Management). The combined business via SPAC merger Alvarium Tiedemann has a pro forma equity value of $1.4 billion, has 400 professionals and focusing only on high net worth clients. Michael Tiedemann, who left Credit Suisse First Boston and teamed up with his father (here fund manager) to setup Tiedemann Group in 1999, is appointed the new CEO of Alvarium Tiedemann.
” Top Multi-Family Offices Tiedemann & Alvarium Merged as Alvarium Tiedemann with $60 Billion AUM, SPAC Merger via Cartesian Growth Corporation with $1.4 Billion Value “
Michael Tiedemann, CEO of Alvarium Tiedemann: “We’ve established a truly distinctive, global wealth and asset management firm with a breadth of international capabilities and access to an entrepreneurial network. Today marks our next chapter. AlTi has a remarkable Board of Directors and leadership team to steward this new phase of growth. In 2023, we plan to capitalize on the opportunity to provide our clients and partners with best-in-class financial advisory services, access to alternative investment opportunities and a leading impact investing offering. Thank you to all of our stakeholders as well as the Cartesian team for their unwavering support and exceptional effort over this past year.”
Peter Yu, Chairman and CEO of Cartesian: “We are pleased to complete the business combination and are excited to introduce Alvarium Tiedemann’s differentiated platform and offering to the public markets. AlTi serves a large and growing market and has the global ecosystem to provide truly customized independent advisory services and compelling investment opportunities aligned with changing client needs.”
Alvarium Tiedemann – AlTi is a leading independent global wealth and asset manager providing entrepreneurs, multi-generational families, institutions, and emerging next-generation leaders with fiduciary capabilities as well as alternative investment strategies and advisory services. AlTi’s comprehensive offering is underscored by a commitment to impact or values-aligned investing and generating a net positive impact through its business activities. The firm currently manages or advises on approximately $60 billion in combined assets and has an expansive network with over 400 professionals across four continents. For more information, please visit us at www.Alti-global.com.
Top Multi-Family Offices Tiedemann & Alvarium Merger as Alvarium Tiedemann with $60 Billion AUM, SPAC Merger via Cartesian Growth Corporation
3rd Jan 2023 – Tiedemann Group (“Tiedemann”), Alvarium Investments Limited (“Alvarium”) and Cartesian Growth Corporation (“Cartesian”) (NASDAQ: GLBL) announced today that they have completed their previously announced business combination (the “Business Combination”). The Business Combination was approved at an extraordinary general meeting of stockholders of Cartesian on November 17, 2022, and closed today, January 3, 2023.
The combined company now operates as Alvarium Tiedemann Holdings, Inc. (“Alvarium Tiedemann” or “AlTi”) and its Class A common shares and warrants will begin trading on NASDAQ under the ticker symbols “ALTI” and “ALTIW,” respectively, starting tomorrow, January 4, 2023.
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