05:10 AM EST, 03/06/2025 (MT Newswires) -- AlTi Global ( ALTI ) said Thursday it has acquired Germany's Kontora Family Officer, with funds under management of about 14 billion euros ($14.99 billion).

Financial terms of the deal were not disclosed.

The company said Kontora is focused on ultra-high-net-worth families, entrepreneurs and institutions. The move progresses AlTi's strategy to become a wealth management platform for the UNHW, with targeted expertise in alternatives.

The acquisition is the company's first European-based purchase following a "strategic" investment from Allianz X and Constellation Wealth Capital.

AlTi said it completed two US-based bids last year.