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Direct Investment  + CLOs  |  January 4, 2023
Alvarium Tiedemann Holdings Enters Into $250M Credit Facility, Led by BMO Capital Markets
Joe Palmisano
By: Joe Palmisano

Alvarium Tiedemann Holdings Enters Into $250M Credit Facility, Led by BMO Capital Markets

Alvarium Tiedemann Holdings entered a $250mn credit facility with a syndicate led by BMO Capital Markets. The loan is comprised of a $150mn revolving credit and a $100mn term loan and will be used to pay down subsidiary debt and fund growth initiatives.

The five-year credit facility will allow the global wealth and asset manager with approximately $60bn in assets under management to expand its footprint, platform and opportunity across business lines.

“Strengthening our balance sheet will enable Alvarium Tiedemann to capitalize on opportunities to serve evolving clients’ needs more effectively,” said Michael Tiedemann, Chief Executive Officer of Alvarium Tiedemann.

BMO, Fifth Third Bank, PNC Bank and Texas Capital Bank are joint lead arrangers and bookrunners. BMO Harris Bank is the administrative agent. Bank of America and CrossFirst Bank are also members of the syndicate.

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Alvarium Tiedemann

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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