AlTi Global, Inc. reported consolidated revenue of $58 million for the first quarter ended March 31, 2025, representing a 14% increase year-over-year. Revenue in the core Wealth and Capital Solutions segment rose 23%, driven by a 10% increase in segment assets under management and advisement and robust investment distributions.
Adjusted EBITDA for the quarter was $9 million on a consolidated basis, up from $7 million in the same period last year. Approximately 83% of total revenue came from stable recurring sources, underscoring the predictability of the company's business model.
The company secured approximately $240 million in commitments for its private credit program with Allianz from international wealth clients since its December launch. With the recent closing of the Kontora acquisition, total assets in the Wealth and Capital Solutions segments reached approximately $82 billion, with Kontora's results to be consolidated starting in the second quarter of 2025. AlTi also reported significant progress on its resource optimization program and efforts to exit non-core real estate businesses.
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