AlTi Global Announces $85 Million Credit Agreement and Forecasts Q4 Noncash Loss on Zebedee Stake

AlTi Global (ALTI) has secured a new $85 million credit agreement as part of its ongoing financial restructuring and capital management strategy. Despite this liquidity milestone, the company expects to report a noncash unrealized loss between $20 million and $23 million in the fourth quarter related to its investment stake in Zebedee. Management expressed optimism regarding the firm's performance, specifically highlighting positive momentum within its wealth management franchise. Interim CEO and Global CIO Nancy Curtin noted that third-quarter results reflect strengthening trends in their core business segments despite the projected valuation adjustments for the upcoming quarter.

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AlTi Global Announces $85 Million Credit Agreement and Forecasts Q4 Noncash Loss on Zebedee Stake

Tickers: $ALTI

Topics: earnings report quarterly results wealth management

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