Key Takeaways
- • Guggenheim Investments announced the final close of Guggenheim Private Debt Fund IV (PDF IV), raising approximately US$8.4 billion of total available capital across the fund and related vehicles.
- • The final close exceeded the initial fundraise target, and demand surpassed the fund's hard cap.
- • Total available capital includes equity commitments in related vehicles plus expected leverage, so it is not equivalent to raised equity alone.
- • Latham & Watkins LLP advised Guggenheim Investments on the transaction, with a multidisciplinary team led by Andrea Schwartzman and Oliver Prakash-Jenkins (New York) and Jamie Lynn Walter and Mike Hart-Slattery (Washington, D.C.).
Summary
Guggenheim Investments, the global asset management and investment advisory division of Guggenheim Partners, has announced the final close of Guggenheim Private Debt Fund IV (PDF IV), its most recent dedicated private debt vehicle. According to the announcement, the fund and related vehicles raised approximately US$8.4 billion of total available capital, surpassing the initial fundraise target. Demand for the vehicle exceeded its hard cap.
The firm specified that total available capital includes equity commitments in related vehicles as well as expected leverage. Investors evaluating the headline figure should therefore distinguish between committed equity and leverage-enhanced capacity when comparing it with other private debt closes.
Latham & Watkins LLP represented Guggenheim Investments in the transaction. The corporate deal team was led by New York Investment Funds partners Andrea Schwartzman and Oliver Prakash-Jenkins, and Washington, D.C. funds regulatory partners Jamie Lynn Walter and Mike Hart-Slattery, supported by associates Mario Richards, Joseph Riposta, and Paul Chan Domingo. New York tax partner Michael Milazzo advised on tax matters, while Washington, D.C. partner Benjamin Berman, Los Angeles partner Topher Michail, and Orange County counsel Joshua Strathman advised on finance matters.
The announcement was published by Latham & Watkins on April 2, 2026.
The firm specified that total available capital includes equity commitments in related vehicles as well as expected leverage. Investors evaluating the headline figure should therefore distinguish between committed equity and leverage-enhanced capacity when comparing it with other private debt closes.
Latham & Watkins LLP represented Guggenheim Investments in the transaction. The corporate deal team was led by New York Investment Funds partners Andrea Schwartzman and Oliver Prakash-Jenkins, and Washington, D.C. funds regulatory partners Jamie Lynn Walter and Mike Hart-Slattery, supported by associates Mario Richards, Joseph Riposta, and Paul Chan Domingo. New York tax partner Michael Milazzo advised on tax matters, while Washington, D.C. partner Benjamin Berman, Los Angeles partner Topher Michail, and Orange County counsel Joshua Strathman advised on finance matters.
The announcement was published by Latham & Watkins on April 2, 2026.
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