Our Story

We connect investors with undercapitalized markets
Siguler Guff is a multi-strategy private markets investment firm which, together with its affiliates, has approximately $17 billion of assets under management. With 30 years of experience investing in the private markets, Siguler Guff seeks to generate strong, risk-adjusted returns by focusing opportunistically on market niches. Siguler Guff’s investment products include multi-manager funds, direct investment funds and customized separate accounts targeting specific areas of compelling opportunity. The Firm’s core investment strategies include Small Buyout, Emerging Markets, Opportunistic Credit, Real Estate and Small Business Credit. Siguler Guff’s institutional investment knowledge, sector immersion approach and longstanding relationships provide access to compelling investment opportunities within each of its targeted strategies. Founded in 1991 within PaineWebber, Siguler Guff became an independent firm in 1995. The Firm has served more than 800 institutional clients, including corporate and public employee benefit plans, endowments, foundations, government agencies and financial institutions, and more than 1,000 family office and high net worth investors. Headquartered in New York, Siguler Guff maintains offices in Boston, Houston, West Palm Beach, London, Mumbai, São Paulo, Shanghai, Tokyo, Seoul, Hong Kong and Singapore.
1991
Siguler Guff is Founded
Siguler Guff is founded by George Siguler, Drew Guff and Donald Spencer as the private equity group of Paine Webber.
George Siguler’s bio
Drew Guff’s bio
1993
Siguler Guff co-manages Business Mortgage Investors
BMI is formed in the wake of the Savings and Loan Crisis to purchase performing small business mortgages from the Resolution Trust Company and the Federal Deposit Insurance Corporation.
1994
Siguler Guff co-manages Venture Lending & Leasing I
VLL I is formed to provide asset-backed financing to carefully selected venture capital-backed companies in the form of secured loans and equipment leases, in exchange for current coupon payments and equity warrants. VLL I is a joint venture between Siguler Guff Advisers and Western Technology Investments.
1995
Siguler Guff becomes an independent Firm
Founded in 1991 within PaineWebber, Siguler Guff becomes an independent firm in 1995.
1997
Siguler Guff co-manages Venture Lending & Leasing II
VLL II, a successor fund to VLL I, is formed to provide asset-backed financing to carefully selected venture capital-backed companies in the form of secured loans and equipment leases, in exchange for current coupon payments and equity warrants. VLL II is a joint venture between Siguler Guff Advisers and Western Technology Investments.
2000
Ken Burns joins Siguler Guff
Ken Burns’ bio
Siguler Guff co-manages Venture Lending & Leasing III
VLL III, a successor fund to VLL I and II, is formed to provide asset-backed financing to carefully selected venture capital-backed companies in the form of secured loans and equipment leases, in exchange for current coupon payments and equity warrants. VLL III is a joint venture between Siguler Guff Advisers and Western Technology Investments.
2002
Siguler Guff raises Distressed Opportunities Fund I
DOF I, Siguler Guff’s first multi-manager fund, is formed to assemble a diversified portfolio of funds investing in the securities of companies undergoing financial distress, operating difficulties or significant restructuring. DOF I also allocates capital to direct investment / co-investment opportunities in similar situations. DOF I has $595 million of investor commitments.
2004
Boston office opens
Boston office
2005
Siguler Guff raises Distressed Opportunities Fund II
DOF II, a successor fund to DOF I, is formed to assemble a diversified portfolio of funds investing in the securities of companies undergoing financial distress, operating difficulties or significant restructuring. DOF II also allocates capital to direct investment / co-investment opportunities in similar situations. DOF II has $988 million of investor commitments.
Siguler Guff raises BRIC Opportunities Fund I
BRIC I is formed to assemble a diversified portfolio of funds investing in the securities of companies located or doing business primarily in the BRIC economies and other select emerging markets. BRIC I also allocates capital to direct investment / co-investment opportunities in these markets. BRIC I has $610 million of investor commitments.
2006
Shanghai office opens
Shanghai office
Siguler Guff raises Small Buyout Opportunities Fund I
SBOF I is formed to assemble a diversified portfolio of private equity funds investing in the securities of small and lower middle market companies. SBOF I also allocates capital to select direct investment opportunities, generally in the form of co-investments. SBOF I has $505 million of investor commitments.
2007
Mumbai office opens
Mumbai office
Siguler Guff raises Distressed Opportunities Fund III
DOF III, a successor fund to DOF I and II, is formed to assemble a diversified portfolio of funds investing in the securities of companies undergoing financial distress, operating difficulties or significant restructuring. DOF III also allocates capital to direct investment / co-investment opportunities in similar situations. DOF III has $2.4 billion of investor commitments.
2008
Siguler Guff raises BRIC Opportunities Fund II
BRIC II, a successor fund to BRIC I, is formed to assemble a diversified portfolio of funds investing in the securities of companies located or doing business primarily in the BRIC economies and other select emerging markets. BRIC II also allocates capital to direct investment / co-investment opportunities in these markets. BRIC II has $893 million of investor commitments.
2009
BNY Mellon acquires a 20%, non-voting interest in Siguler Guff
Press release: Siguler Guff Announces Investment by BNY Mellon Asset Management
2010
Siguler Guff raises Distressed Opportunities Fund IV
DOF IV, a successor fund to DOF I, II and III, is formed to assemble a diversified portfolio of funds investing in the securities of companies undergoing financial distress, operating difficulties or restructuring, and various distressed residential, commercial and consumer asset-backed securities and loans. DOF IV also allocates capital to direct investment / co-investment opportunities in similar situations. DOF IV has $1.3 billion of investor commitments.
Siguler Guff raises Distressed Real Estate Opportunities Fund I
DREOF I is formed to assemble a portfolio of funds investing in various forms of real property interests, consisting primarily of debt and equity interests in commercial property, commercial mortgages and commercial mortgage-backed securities, and the debt and equity securities of real estate operating companies and real estate investment trusts on a global basis. DREOF I also allocates capital to direct investment / co-investment opportunities in similar situations. DREOF I has $630 million of investor commitments.
2011
São Paulo office opens
Press release: Cesar Collier Joins Siguler Guff and Opens Brazil Office
Siguler Guff raises BRIC Opportunities Fund III
BRIC III, a successor fund to BRIC I and II, is formed to assemble a diversified portfolio of funds investing in the securities of companies located or doing business primarily in the BRIC economies and other select emerging markets, with a particular emphasis on Brazil and China. BRIC III also allocates capital to direct investment / co-investment opportunities in these markets. BRIC III has $190 million of investor commitments.
Siguler Guff raises Small Buyout Opportunities Fund II
SBOF II, a successor fund to SBOF I, is formed to assemble a diversified portfolio of private equity funds investing in the securities of small and lower middle market companies. SBOF II also allocates capital to select direct investment opportunities, generally in the form of co-investments. SBOF II has $940 million of investor commitments
2013
Siguler Guff raises Distressed Real Estate Opportunities Fund II
DREOF II, a successor fund to DREOF I, is formed to target specific product silos within the real estate investment universe that Siguler Guff believes present the greatest value at a particular time. Investments focus on various types of real property interests, including equity interests in commercial property, commercial mortgages and commercial mortgage-backed securities, and the debt and equity securities of real estate operating companies or real estate investment trusts primarily in the U.S. and Europe. The portfolio includes fund investments, joint ventures and other forms of co-investment. DREOF II has $877 million of investor commitments.
Seoul office opens
Seoul office
2014
London office opens
London office
Siguler Guff raises Trade Finance Opportunities Fund
TFOF is formed to structure and enter into separate accounts or joint ventures with operating partners to invest primarily in trade finance regulatory capital relief transactions. TFOF has $263 million of investor commitments.
2015
Siguler Guff raises Global Emerging Markets Opportunities Fund IV
GEM IV is formed to assemble a portfolio of funds investing in securities of companies located or doing business in emerging market economies — primarily in China and Brazil, as well as in other emerging market countries and regions such as Southeast Asia (primarily Indonesia and Malaysia), Latin America (primarily Mexico, Columbia and Peru), Central & Eastern Europe, Africa and the MENA (Middle East & North African) region. GEM IV also allocates capital to direct investment / co-investment opportunities in these markets. GEM IV has $171 of investor commitments.
Siguler Guff raises DREOF II Co-Investment Fund
DREOF IIA, a limited size co-investment fund and a successor to DREOF II, is formed to capture attractive direct investment opportunities generated by the Firm’s abundant, off-market deal flow. DREOF IIA has $250 million of investor commitments.
Siguler Guff raises Small Business Credit Opportunities Fund
SBCOF is formed to seek to achieve attractive risk-adjusted returns by generating current income from debt investments and capital appreciation from equity investments. The Fund primarily invests in carefully selected companies in the lower middle market, generally in the form of mezzanine debt and unitranche loans. SBCOF has $125 million of investor commitments.
2016
Siguler Guff raises Small Buyout Opportunities Fund III
SBOF III is formed to assemble a diversified portfolio of small and lower middle market companies by investing in limited partnerships as well as direct investments, generally as co-investments alongside small buyout fund managers and deal sponsors. SBOF III has $1.1 billion of investor commitments.
2017
Tokyo office opens
Tokyo office
Houston, TX office opens
Houston, TX office
Siguler Guff raises Energy Opportunities Fund
SGEOF is formed to invest in non-operated upstream oil and gas working interest investments across multiple U.S. and Canadian basins through a joint venture with Halliburton Energy Services, Inc., a wholly-owned subsidiary of the Halliburton Company. The Fund takes advantage of the confluence of two significant developments in oil and gas industry. SGEOF has $153 million of investor commitments.
2018
Hong Kong office opens
Hong Kong office
Siguler Guff raises Global Emerging Markets Co-Investment Fund
GEMCo is formed to assemble a diversified best-in-class portfolio of companies across high growth sectors in the emerging markets. The Fund invests in companies with proven management teams that are establishing category leadership, with a primary focus on Asia and Latin America. GEMCo has $240 million of investor commitments.
2019
Siguler Guff raises Small Business Credit Opportunities Fund II
SBCOF II is formed to seek to achieve attractive risk-adjusted returns by generating current income from debt investments and capital appreciation from equity investments. The Fund primarily invests in carefully selected companies in the lower middle market, generally in the form of mezzanine debt and unitranche loans. SBCOF II has $201 million of investor commitments.
Siguler Guff raises Small Buyout Opportunities Fund IV
SBOF IV is formed to assemble a diversified portfolio of small and lower middle market companies by investing in limited partnerships as well as direct investments, generally as co-investments alongside small buyout fund managers and deal sponsors. SBOF IV has $1.58 billion of investor commitments.
Siguler Guff raises Brazil Special Situations Fund II
BSSF II is formed to invest in rights to payment (including attorneys’ fees) related to Brazilian Precatórios, Orders of Payment, Pre-Precatórios or Legal Claims, in partnership substantially (but not exclusively) with three of Brazil’s preeminent experts in the legal claims investment space. BSSF II has $307 million of investor commitments.
Siguler Guff raises SBIC Fund
SBIC is formed to seek to achieve attractive risk-adjusted returns by generating current income from debt investments and capital appreciation from equity co-investments. The Fund primarily invests in carefully selected companies in the lower middle market, generally in the form of mezzanine debt and unitranche loans and seeks to make at least 50% of its investments in businesses located in underserved communities, including low and moderate income zones, economically distressed areas and rural areas. SBIC has $60 million in investor commitments.
2020
Siguler Guff celebrates its 25th anniversary as an independent firm
2022
Siguler Guff raises Small Buyout Opportunities Fund V
SBOF V is formed to assemble a diversified portfolio of small and lower middle market companies by investing in limited partnerships as well as direct investments, generally as co-investments alongside small buyout fund managers and deal sponsors. SBOF V has $1.97 billion of investor commitments.
2023
West Palm Beach office opens
West Palm Beach, Florida office
Singapore office opens
Singapore office
Experienced Member
Team members are the greatest strength of Siguler Guff
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Ken Burns and Drew Guff at our Annual Toy Drive

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New York Volunteer Day at Astoria Park

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Boston Team Volunteer Day at Back Bay Fens

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Annual Toy Drive Team

