AlTi Global, Inc. (NasdaqCM:ALTI) will use its $450 million war chest to fund further acquisitions in Asia and is looking at entering the Middle East and German markets. Insurance giant Allianz?s venture capital arm agreed to invest up to $300 million and Constellation Wealth Capital a further $150 million to take a minority stake in the business, which has $68 billion in assets under management. The deal was announced recently.

Robert Weeber, Alti president of international wealth management, said the company is in ?advanced discussions? with several potential acquisition targets. Alti aims to ?densify?

its presence in international markets where it has an existing presence, including Singapore and Hong Kong, as well as enter new jurisdictions. ?We?ve got a strong and defined pipeline lined up for that capital that we?re looking to execute on,? Weeber told Citywire Asia.

The moves into Germany and the Middle East will follow a similar approach, using an ?anchor acquisition? to establish a local presence. Weeber insists Alti is not an asset aggregator and will fully integrate acquisitions, rather than targeting bolt-on deals.

He said the ?operational leverage that we can drive through collaboration and integration into our systems? is key to its approach. Additionally Weeber noted the firm will look to avoid businesses cashing out or being sold due to succession issues, preferring to retain the local staff long-term.