Guggenheim Investments, Guggenheim Partners’ asset management business, is targeting a fundraise of least $1.5bn for its newest private credit fund, according to a report by Bloomberg, citing people with knowledge of the matter
Bloomberg’s sources have revealed that the firm, which manages more than $224bn, has already started discussions with potential investors, with executives Joe McCurdy, Kevin Gundersen and Rusty Parks leading the fundraising effort.
Alternative asset managers are increasingly looking to raise private credit funds to provide lending to borrowers previously served by banks. According to data from Preqin, globally, 34 private credit funds raised $71.2bn in the quarter ended 30 June.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
Can’t stop reading? Read more
Apollo expands clean energy footprint with $6.5bn stake in Ørsted’s Hornsea 3 wind farm
Apollo expands clean energy footprint with $6.5bn stake in Ørsted’s Hornsea 3 wind farm Apollo...
Starbucks offloads 60% of China arm to Boyu Capital in $4bn transaction
Starbucks offloads 60% of China arm to Boyu Capital in $4bn transaction Starbucks has agreed to...
Ares posts strong Q3 results with record fundraising and 28% AUM growth
Ares posts strong Q3 results with record fundraising and 28% AUM growth Ares Management...