NEW YORK, Jan. 09, 2017 (GLOBE NEWSWIRE) -- Guggenheim Partners, the global investment and advisory firm, announced today that Prashant Raj, Senior Managing Director, has been named Head of Guggenheim Commercial Real Estate Finance (GCREF).
Since joining Guggenheim in 2009 as Head of Commercial Real Estate Capital Markets and Special Situations, Mr. Raj has led the execution of a number of significant transactions. Prior to joining Guggenheim, Mr. Raj worked at Credit Suisse and Donaldson, Lufkin & Jenrette.
In addition, George Duncan III and Paul Stern have been appointed Co-Heads of U.S. Origination. Mr. Duncan is based in Los Angeles, and Mr. Stern is based in New York. They will both report to Mr. Raj who is based in Guggenheim’s New York office.
GCREF is a full-service commercial real estate lending platform that sources, underwrites, closes, and services commercial real estate mortgages for its clients’ portfolios. Over the past five years GCREF has originated over $11 billion in commercial mortgages and has a servicing portfolio of over $7 billion.
About Guggenheim Commercial Real Estate Finance
Guggenheim Commercial Real Estate Finance, LLC, a Guggenheim Partners company, is a national commercial real estate lending business that sources, underwrites, closes, and services commercial mortgages throughout the United States. GCREF originates a broad array of loan types for multiple capital sources, including Guggenheim Partners’ proprietary portfolio and select managed accounts and fund arrangements, as well as for execution in the capital markets.
About Guggenheim Partners
Guggenheim Partners is a global investment and advisory firm with more than $250 billion1 in assets under management. Across our three primary businesses of investment management, investment banking, and insurance services, we have a track record of delivering results through innovative solutions. With 2,500 professionals based in more than 25 offices around the world, our commitment is to advance the strategic interests of our clients and to deliver long-term results with excellence and integrity. We invite you to learn more about our expertise and values by visiting GuggenheimPartners.com and following us on Twitter at twitter.com/guggenheimptnrs.
1Assets under management are as of 9.30.2016 and include consulting services for clients whose assets are valued at approximately $60bn.