CHICAGO, Sept. 18 /PRNewswire/ -- Guggenheim Partners, LLC today announced the formation of Guggenheim Venture Partners, LLC, a new venture capital business led by three seasoned industry executives with regional and technological expertise. The firm plans to capitalize on a growing number of opportunities in the Mid Atlantic, Southwest, and Pacific Northwest regions within the networking/communications and component arenas. "Guggenheim Partners scouted the VC field for the talent capable of building a different type of VC practice," said Dominic J. Curcio, managing partner of Guggenheim Partners. "We're confident we found the team to oversee a strong entrance into a competitive market. Their regional strategy, operational expertise and proven success together positions Guggenheim Venture Partners as an exciting player with promising investment opportunities." Michael Burns, F. Javier Fernandez and Eric Rothfus, Guggenheim Venture Partners' founding principals, bring more than 50 years experience in venture capital and diverse experience in building successful companies. The group has spent the past four years investing as a team, utilizing their access to deal flow and extensive relationships with co-investors to become one of the most active venture practices in the country. "The Guggenheim name embodies a rich tradition of innovation and success in business, and we're proud to be selected to extend that tradition into the venture capital space," said Michael Burns, managing director, Guggenheim Venture Partners. "By combining regional lead deals and Silicon Valley co- investments with a consistent set of top tier co-investors, we believe our limited partners will obtain access to a high quality, differentiated portfolio of start-up companies." The members of Guggenheim Venture Partners have been recognized as leaders in the component and networking/communications arenas, with extensive experience from early stage funding through liquidity events. Through their roles as entrepreneurs, managers, engineers and investors, they have built value in multiple industries under varied market conditions. Together, they have seeded nine companies, launched multiple products and have sat on 35 boards. About Guggenheim Partners, LLC Guggenheim Partners, LLC is a global diversified financial services firm with wealth management, capital markets, investment management and proprietary investing businesses. Clients are an elite mix of individuals, family offices, endowments, foundations, insurance companies, pension plans, and other institutions, together entrusting the firm with supervision of more than $110 billion of assets. Guggenheim Partners traces its heritage to the Guggenheim family, a major contributor to the development of business and philanthropy in the United States since the late 1800s. Office locations include New York, Chicago, Los Angeles, Miami, Boston, Philadelphia, London, Hong Kong and Geneva.
SOURCE Guggenheim Partners, LLC