AlTi Global Takes $20M Loss on External Manager Stake
AlTi Global, the publicly traded wealth management firm with $96 billion in assets, said it experienced a nearly $20 million investment loss on its stake in Arkkan Capital’s Asian Credit and Special Situations stake, one of AlTi’s external managers.
During the firm’s second quarter 2026 earnings call, Nancy Curtin, interim CEO and global chief investment officer, said the manager experienced “an extraordinary circumstance.”
“Unfortunately, its founder and chief investment officer experienced a sudden and serious health event,” she said. “Our thoughts are with him as well as his family and colleagues, and he has our very best wishes for full recovery. Following this event, this external manager and his board made the unexpected decision to unwind the fund within a 12 month time horizon. As a result for the second quarter, we recorded an unrealized investment loss on our stake in the strategy.”
The firm’s stakes in two other external managers are performing solidly, she added.
CFO Patrick Keenan said the strategy represented about 75 basis points of AlTi recurring management fees and about 650 basis points of the incentive portion of distributions.
Curtin declined to say much about a report that Franklin Templeton was in talks to buy AlTi Global, other than that the strategic review process was ongoing and that there was nothing to report at this time.
“The special committee, as you would expect, will continue to review any and all opportunities that will enhance the value for shareholders, of course, our clients, employees and the long term franchise value of the firm,” she said. “So we’re guided by those principles. The special committee is still in place, but that’s really all I can comment on today.”
Overall, the firm reported total assets under management of $51 billion at the end of the quarter, up 8% year-over-year and 6% sequentially. Total revenue was $58 million during the quarter, up 11% year-over-year, which the firm attributed to management fees benefiting from increases in AUM.
In 2023, founder Michael Tiedemann merged his New York-based RIA and alternative asset management firms, Tiedemann Group and TIG Advisors, with London-based asset manager, merchant bank and global multi-family office Alvarium Investments and took them public via a special purpose acquisition company. Since then, the firm has made numerous acquisitions in the U.S. and Europe, including a deal last March for a $15 billion multi-family office headquartered in Hamburg, Germany.
