Latham & Watkins Advises Guggenheim Investments on New Private Debt Vehicle Backed by Allianz Global Investors

Guggenheim Investments (Guggenheim) announced the closing of an approximately US$400 million vehicle that will invest in Guggenheim’s private debt strategy. The transaction was led by Allianz Global Investors. A group of funds managed by StepStone Group (NASDAQ: STEP) co-underwrote the transaction. This vehicle includes approximately US$100 million of financing.

Latham & Watkins LLP represented Guggenheim Investments in the transaction with a corporate deal 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 Ben Zang, Jenny Wang, 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; and on finance matters by Chicago partner Matthew Hays and Orange County counsel Josh Strathman, with associate Maeve Chandler.