Provides financial flexibility to execute growth initiatives and serve its global clients more efficiently
Alvarium Tiedemann Holdings, Inc. announced that it has entered into a $250 million credit facility with a syndicate led by BMO Capital Markets Corp. (“BMO”). The facility, which is comprised of a $150 million revolving credit facility and a $100 million term loan facility, will be used to pay down subsidiary debt and fund growth initiatives.
The new credit facility, which has a term of five years, will allow Alvarium Tiedemann to strategically expand its global footprint, platform and opportunity set across business lines.
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“Strengthening our balance sheet will enable Alvarium Tiedemann to capitalize on opportunities to serve evolving clients’ needs more effectively,” said Michael Tiedemann, Chief Executive Officer of Alvarium Tiedemann. “Expansion through strong organic growth and accretive acquisitions is a key priority for us, as a differentiated provider of financial advisory services and alternative investment opportunities. To date, we have successfully integrated a number of businesses, and this credit facility provides the financial flexibility to execute our growth initiatives to drive margin expansion.”
BMO, Fifth Third Bank, N.A., PNC Bank, N.A., and Texas Capital Bank are Joint Lead Arrangers and Bookrunners. BMO Harris Bank N.A. is the Administrative Agent. Bank of America and CrossFirst Bank are also members of the syndicate.
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About 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.
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