Family Office With London Roots Goes on Global Buying Spree - Bloomberg

Family Office With London Roots Goes on Global Buying Spree - Bloomberg:

Alvarium Investments, a multifamily office with stakes in some City of London hotels, has snapped up five small wealth-management firms in the past eight months, adding about $1 billion in client assets. 


The latest acquisition was Paris-based asset manager Iskander, Alvarium said in a statement Thursday that didn’t include terms. Other recent purchases include U.K.-based Casteel Capital in February, Swiss multifamily office Albacore in November and two New Zealand-based money managers.

The firm, formerly known as LJ Partnership, was also part of a joint venture that bought four Grange hotels in London last week for about 1 billion pounds ($1.3 billion). Alvarium’s biggest backers include Hong Kong’s Peterson Group and Dilmun, a New York family office with ties to the Qatari royal family.