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
"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
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