Guggenheim Investments has closed a $400m (£324.8m) non-public debt fund with the backing of Allianz World Traders.
A gaggle of funds managed by StepStone Group co-underwrote the deal.
The fund contains round $100m of financing.
Learn extra: Guggenheim closes $1.2bn non-public credit score fund
“We’re excited to have distinguished institutional traders like AllianzGI and StepStone as LPs,” stated Kevin Gundersen, head of Guggenheim Company Funding, the non-public debt funding supervisor of Guggenheim Investments. “We consider this partnership continues to gasoline the continuing success of our franchise and allows us to additional leverage our robust origination and underwriting platform in a quickly rising market.”
Anselm Feigenbutz, portfolio supervisor for secondaries non-public debt at Allianz World Traders, stated: “We’re happy to determine a partnership with Guggenheim’s non-public debt group and assist construction this transaction.
Learn extra: AllianzGI raises €1.5bn in closing shut of personal debt secondaries fund
“This funding supplies us with entry to a top quality portfolio with enticing diversification throughout borrower, sector, and classic backed by a GP with a longtime observe document in non-public credit score.”
Guggenheim Securities served as unique placement agent to Guggenheim Company Funding. Latham & Watkins offered authorized counsel on the transaction.
Learn extra: AllianzGI raises €300m in first closing of recent non-public credit score influence fund