Guggenheim Investments has announced the closing of a US$1.2 billion levered vehicle that will support the growth of the firm’s private credit strategy. The US$1.2 billion in the vehicle reflects approximately equal amounts of equity commitments and financing. The transaction was led by Apollo S3. 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.
Latham & Watkins LLP represented Guggenheim Investments in the transaction with a team led by New York investment funds partners Andrea Schwartzman and Oliver Prakash-Jenkins and Washington, D.C. funds regulatory partner Jamie Lynn Walter, with associates Christine Zhao, Ben Zang, Bhavin Shah, Dan Bogdan, and Mike Hart-Slattery. Advice was also provided on secondaries matters by New York partner John Kelley, with associate Eric Czubiak; on tax matters by New York partner Michael Milazzo, with associates Angelina Richards and Farrah Yan; on finance matters by Washington, D.C. partner Benjamin Berman and Los Angeles counsel Christopher Michail, with associates Upton Au and Steven Hao; and on European fund regulatory matters by London investment funds partner Clare Scott.
