Allianz SE Increases Stake in AlTi Global, Inc. to 24.86% via PIK Dividends and Strategic Investment

Allianz SE, through its subsidiary Allianz Strategic Investments S.a.r.l. (ASI), has filed an amended Schedule 13D reporting a 24.86% ownership stake in AlTi Global, Inc. (ALTI). The reporting person beneficially owns 26,707,213.96 shares of Class A Common Stock. This position was established through a series of transactions, including an initial $250 million investment in July 2024 involving Series A Preferred Stock, Class A Common Stock, and warrants. Recent increases in shareholdings are attributed to payment-in-kind (PIK) dividends received on June 30, 2025 (1,523,289 shares), and January 5, 2026 (865,344 shares). Allianz SE maintains significant governance rights, including the right to nominate two directors to AlTi's board. The filing indicates that Allianz is monitoring the issuer's strategic alternatives announcement from December 2025 and may engage in discussions regarding extraordinary corporate transactions. The reporting person's ownership is subject to a 24.9% cap and various lock-up and standstill provisions outlined in the Investor Rights Agreement.