Financing Agreement With ALTI LLC
ASX ANNOUNCEMENT 24 November 2021 Financing Agreement With ALTI LLC Pacific Current Group Limited (ASX:PAC, Pacific Current), a global multi-boutique asset management firm, has entered into an agreement that will allow PAC to make an investment of up to US$3m into ALTI LLC (ALTI) to support its growth. ALTI, founded in 2019, is a US-based investment manager whose mission is to broaden access to institutional private equity investments for individual investors. The firm focuses on creating registered investment vehicles and allocating capital to direct private equity co-investments alongside institutional private equity firms. PAC Vice President, Curtis Yasutake stated that, “PAC is excited to partner with ALTI. There is substantial unmet demand for institutional-quality private equity investments among individual investors. We expect ALTI’s products to cater to this demand and believe the firm’s approach to private equity investing is differentiated compared to other retail offerings.” CONTACT For Investor Enquiries: • Paul Greenwood - Managing Director & CEO and CIO - (+1) 253 617 7815 For Media Inquiries in the US: • Margaret Chang – email@example.com - (+1) 714 393 0632 ABOUT PACIFIC CURRENT GROUP Pacific Current is a multi-boutique asset management firm dedicated to providing exceptional value to shareholders, investors and partners. We apply our strategic resources, including capital, institutional distribution capabilities and operational expertise to help our partners excel. Pacific Current has investments in 15 boutique asset managers globally. ABOUT ALTI ALTI is a private equity firm that aims to provide individual investors with greater access to institutional-quality private equity opportunities in a cost effective manner. ALTI has formed strategic partnerships with multiple institutional investment firms that collectively manage over $150 billion to provide proprietary co-investment opportunities and liquidity solutions. The firm expects to launch its first product in early 2022. ALTI was founded by Joseph Bonvouloir, CEO, and investments are led by Sheryl Schwartz, CIO. Ms. Schwartz was the founder and Managing Director of TIAA-CREF’s Alternative Investment Group.