Guggenheim Partners Launches Venture Capital Group

Established Team to Lead Guggenheim Venture Partners, Target Regional

Technology Opportunities

Sep 21, 2006, 01:00 ET from Guggenheim Partners, LLC

    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