Guggenheim Partners Raises $1 Billion for New Loan Fund
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Guggenheim Partners LLC raised about $1 billion for a new fund that will make loans to public and private companies with revenues of as much as $500 million, according to a regulatory filing.
The Guggenheim Private Debt Fund filed a Form D today with the U.S. Securities and Exchange Commission disclosing it received $952 million in commitments from 11 investors. The actual amount gathered was slightly more than $1 billion, Zach Warren, a senior managing director at Guggenheim, said in an interview. The investors were primarily insurance companies.