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Laxman Pai, Opalesque Asia: Guggenheim Investments, the global asset management and investment advisory division of Guggenheim Partners, has closed a $1.2bn private credit vehicle led by Apollo S3.
The $1.2 billion in the vehicle reflects approximately equal amounts of equity commitments and financing, said a press release from the global investment and advisory firm.
Pantheon co-led the transaction, with significant investments by Coller Capital, Antares Capital, GCM Grosvenor, Atalaya Capital Management, and a fund managed by Hamilton Lane.
"We believe this transaction exemplifies Guggenheim's dedication and ability to deliver innovative and distinct offerings specifically tailored to address our client's needs, and objectives," said Dina DiLorenzo, President of Guggenheim Investments.
"We are excited to announce this oversubscribed transaction to expand investor access to Guggenheim's differentiated private credit platform," said Kevin Gundersen, Head of Guggenheim Corporate Funding, LLC, the private credit investment manager of Guggenheim Investments.
"We believe this transaction is a testament to our rich origination pipeline and robust underwriting infrastructure. We look forward to the continued growth of our franchise," Kevin added.
Guggenheim Securities, LLC served as an exclusive placement agent to Guggenheim Corporate Funding, LLC. Latham & Watkins LLP provided legal counsel on the transaction. Clifford Chance LLP acted as legal coun...................... To view our full article Click here
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