Guggenheim Partners’ capital markets division has hired two new managing directors for its private fund group: former HIG Capital managing director Thomas Ley and Mel Chez, formerly a VP at Legg Mason.
Both new hires will be raising funds for Guggenheim-sponsored private equity funds, hedge funds and fixed-income offerings. Ley will cover the western United States, while Chez will cover the central US territory.
Ley was formerly managing director at private equity firm HIG Capital, where he engineered leveraged buyouts. Previously he had been a managing director at private equity firm Lincolnshire Management, and a board member at numerous companies, including Color Control, Component InterTechnologies and Williams Machine.
Chez was most recently a vice president at Legg Mason Institutional Services, where worked with plan sponsors, pension consultant, endowments and foundations on behalf of a number of different Legg Mason affiliates, including Western Asset Management, Royce & Associates, Batterymarch Financial, Permal, and Legg Mason Capital Management. Before that, he was director of institutional sales at HBSC Asset Management (Americas).
Earlier this month, Guggenheim announced the launch of its new venture capital group, with founding principals Michael Burns, F. Javier Fernandez and Eric Rothfus, all formerly of TL Ventures. The venture capital fund’s target is approximately $150 million. Guggenheim Partners manages more than $110 billion in total assets.