Tiedemann Group, which, through a group affiliate, is a minority shareholder of Romspen Investment Corporation (“Romspen”), completed a business combination with Alvarium Investments Limited and Cartesian Growth Corporation on January 3, 2023. Securities of the combined company, Alvarium Tiedemann Holdings Inc. (“ALTi”), began trading on NASDAQ under the symbols “ALTI” and “ALTW” on January 4, 2023. 

ALTi is a leading global wealth and asset management firm that provides entrepreneurs, multi-generational families, institutions, and emerging next-generation leaders with fiduciary capabilities as well as alternative investment strategies and advisory services. The combined firm manages and advises approximately $60 billion in assets across four continents.  

This business combination brings increased credibility and transparency to the new firm and aligns with Romspen’s core values regarding professionalism and investor transparency. In the future, there will be opportunities for Romspen to engage with the leadership team at ALTi to enhance its future capital-raising and investment objectives.  

There will be no changes to Romspen’s investment strategy or operations. Romspen continues to focus on its core objectives of preserving capital, generating strong absolute returns, maintaining consistent performance, and providing innovative financing solutions to borrowers. Romspen will look to collaborate with the leadership team at ALTi to continue to deliver best-in-class alternative investment opportunities to investors. 

Should you have any questions, please contact Romspen at 416-966-1100 or InvestorRelations@romspen.com. 

About Romspen Investment Corporation: Romspen is one of Canada’s largest private mortgage investment firms with over $C3 billion in assets under management across North America (as of December 31 2022). Over its 57 years, Romspen has managed the deployment of more than $10 billion in over 700 mortgage loans while consistently creating and delivering value for both investors and borrowers. Investors in Romspen-managed funds include high net worth individuals, foundations, endowments, pension plans and other institutions. 

This release may contain forward-looking statements about general economic factors which are not guarantees of future performance.  Forward-looking statements involve inherent risk and uncertainties, so it is possible that predictions, forecasts, projections and other forward-looking statements will not be achieved. Prospective investors are cautioned not to place undue reliance on these statements as a number of factors could cause actual events or results to differ materially from those expressed or implied in any forward-looking statement.  All opinions in forward-looking statements are subject to change without notice and are provided in good faith but without legal responsibility.