StepStone Group Inc. co-underwrote an approximately $400 million vehicle for Guggenheim Investments' private debt strategy. This transaction was led by Allianz Global Investors, with StepStone's managed funds playing a key role.
Kevin Gundersen, Head of Guggenheim Corporate Funding, LLC, noted that this partnership continues to fuel the success of their franchise and enables them to leverage their origination and underwriting platform in a growing market. StepStone's involvement provides access to a diversified, high-quality portfolio.
Anselm Feigenbutz, Portfolio Manager for Secondaries Private Debt at Allianz Global Investors, stated that the investment offers access to a high-quality portfolio with attractive diversification across borrower, sector, and vintage. This collaboration underscores StepStone's strategic importance in facilitating significant private debt transactions.
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