To help secure billions of dollars for his insurance firms, billionaire Mark Walter proposed using his equity holdings in Guggenheim Partners as collateral, a Bloomberg News story published on Thursday revealed. The capital-raising push involves offering double-digit yields to lenders for Walter’s TWG holding company, as reported by Bloomberg News.
Debt Restructuring at Delaware Life and Clear Spring
TWG has explored various deal structures with investors to clean up loans on the balance sheet of its insurance subsidiaries, Delaware Life and Clear Spring Life and Annuity, according to Bloomberg News. Those insurance units have drawn scrutiny from federal prosecutors, the report stated. Rob Camacho, who joined TWG Global from Blackstone two years ago, approached investors to refinance some of the loans held by the TWG insurers as part of a plan developed with regulators, according to the Financial Times.
Walter’s company has proposed several differently structured deals to pay down or restructure the loans on the books of his insurance companies, Bloomberg News reported. Talks regarding these financial maneuvers have continued even after an agreement was struck to sell Walter’s Los Angeles Lakers basketball team, according to the same report. Guggenheim Partners and TWG did not immediately respond to Reuters requests for comment, and Reuters could not independently verify the Bloomberg report.
Asset Footprint and Guggenheim Holdings
Mark Walter is CEO of the parent company of Guggenheim Securities, the firm’s brokerage, and Guggenheim Investments, its money manager, according to Reuters. The majority of Walter’s fortune is tied to Guggenheim Partners, an investment advisory he founded that managed about $246 billion in assets as of March 2026, according to Bloomberg’s Billionaires Index. Walter’s exact equity stake is not divulged in the company’s 2024 form ADV, indicating he owns less than 25%, while employees own 55% and Sammons Enterprises hold a roughly 33% stake, based on Bloomberg data and historical company disclosures.
Did you know? Mark Walter controls Group 1001 with an economic stake of 83% according to California Department of Insurance and court filings, with the group’s nine insurers holding a total adjusted capital of $6.2 billion at the end of 2025.
High-Profile Sports and Venture Investments
Separately, venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers in a deal valued at a record $12.5 billion, Reuters reported, citing sources. Last year, Walter acquired a controlling interest in the NBA franchise through an agreement that valued the club at $10 billion, Reuters noted. Alongside his basketball investments, Walter is the lead owner of the Los Angeles Dodgers baseball team with a 27% stake, according to a statement from his lawyer Dan Webb, and owns a 12.7% stake in Chelsea Football Club.
Frequently Asked Questions
What companies are affected by the TWG debt restructuring talks?
According to Bloomberg News, the financing efforts target loans on the balance sheets of TWG insurance subsidiaries Delaware Life and Clear Spring Life and Annuity.
What yields were offered to investors lending to TWG?
Investors were offered double-digit yields to lend capital to Mark Walter’s TWG Global holding company, according to Bloomberg News.
What is the status of the Los Angeles Lakers sale?
Joshua Kushner and Bob Iger are set to purchase the Los Angeles Lakers in a deal valued at a record $12.5 billion, according to Reuters, following Walter’s acquisition of a majority stake the previous year.
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