Guggenheim closes $1.2bn private credit fund
Guggenheim Investments has closed a $1.2bn (£0.94bn) private credit vehicle led by Apollo S3.
The $1.2bn invested in the vehicle reflects approximately equal amounts of equity commitments and financing.
The transaction was co-led by Pantheon, and included investments by Coller Capital, Antares Capital, GCM Grosvenor, Atalaya Capital Management and a fund managed by Hamilton Lane.
Read more: Apollo exec forecasts rise in hybrid bank/private credit deals
“We believe this transaction exemplifies Guggenheim’s dedication and ability to deliver innovative and distinct offerings specifically tailored to address our clients’ needs, and objectives,” said Dina DiLorenzo, president of Guggenheim Investments.
“We look forward to continuing to provide our clients with access to compelling strategies and world-class products across private credit and other areas that focus on their performance objectives.”
Read more: Principal launches middle-market direct lending fund
Kevin Gundersen, head of Guggenheim Corporate Funding – the private credit investment manager of Guggenheim Investments – said that the transaction is a “a testament to our rich origination pipeline and robust underwriting infrastructure.”
Guggenheim Securities served as the exclusive placement agent to Guggenheim Corporate Funding. Latham & Watkins provided legal counsel on the transaction, while Clifford Chance acted as legal counsel for Apollo S3 and Hogan Lovells acted as legal counsel for Pantheon.
Read more: Kartesia raises €1.8bn for second-generation senior debt fund
