Guggenheim Investments Closes $400M Allianz-led Private Debt Vehicle

Guggenheim Investments closed a new private debt vehicle at $400M, led by Allianz Global Investors with a group of StepStone Group-managed funds participating as co-underwriters.

In a January 22 news release announcing the close, the global asset management and investment advisory arm of Guggenheim Partners said the fund includes $100M of financing.

"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, commented in the release. 

Guggenheim Securities served as exclusive placement agent for the fundraising, while Latham & Watkins provided legal advice.

Guggenheim Investments provides solutions for 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. It has $335B in total assets, of which $249B are in its fixed income, equity and alternative strategies.

New call-to-action

Written By: Dakota

logo-1

The Database For Cold Outreach to Reach Institutional and RIA Investors