Guggenheim Investments announced the closing of about $400 million vehicle that will invest in Guggenheim’s private debt strategy. Allianz Global Investors led the deal. And a group of funds managed by StepStone Group co-underwrote the transaction. This vehicle includes about $100 million of financing.
Guggenheim Securities served as an exclusive placement agent to Guggenheim Corporate Funding, LLC. Latham & Watkins provided legal counsel on the transaction. Guggenheim Investments is a global asset management and advisory division of Guggenheim Partners, an investment and advisory firm with more than $335 billion in total assets. Guggenheim Investments has over $249 billion in assets across fixed-income, equity, and alternative strategies.
Guggenheim Investments focuses on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, wealth managers, and high-net-worth investors with a track record of delivering results through innovative solutions.
Allianz Global Investors is an active asset manager with over 600 investment professionals in 20+ offices worldwide and managing €560 billion in assets.
KEY QUOTES:
“Investors have a multitude of options in the ever-evolving private debt market and we are thrilled by the trust placed in Guggenheim by world-class fund allocators.”
- Dina DiLorenzo, President of Guggenheim Investments
“We are excited to have prominent institutional investors like AllianzGI and StepStone as LPs. We believe this partnership continues to fuel the ongoing success of our franchise and enables us to further leverage our strong origination and underwriting platform in a rapidly growing market.”
- Kevin Gundersen, Head of Guggenheim Corporate Funding, the private debt investment manager of Guggenheim Investments
“We are pleased to establish a partnership with Guggenheim’s private debt team and help structure this transaction. This investment provides us with access to a high-quality portfolio with attractive diversification across borrower, sector, and vintage backed by a GP with an established track record in private credit.”
- Anselm Feigenbutz, Portfolio Manager for Secondaries Private Debt at Allianz Global Investors
