Guggenheim Partners, a Chicago-based diversified investment manager and multi-family office, has teamed up with the legendary golfer Jack Ni...

Guggenheim Partners, a Chicago-based diversified investment manager and multi-family office, has teamed up with the legendary golfer Jack Nicklaus to form a new business called Guggenheim Nicklaus Partners. The new venture is designed to finance and invest in high-quality residential real estate and golf resort communities around the world, featuring Nicklaus Design courses as the centrepiece of each development. “The marriage of high-end real estate and Nicklaus Design golf courses has been among the most successful in the world,” according to a statement from Guggenheim Partners. The statement added: “Real estate on Nicklaus courses outperforms similar property developed by competitors, and maintains a quality and distinction unique in the world of residential and resort properties.” Nicklaus Design currently has more that 50 courses under construction, and 280 courses currently open for play in 28 countries around the world, according to the statement. Guggenheim Partners has around $100 billion of assets under supervision and runs numerous investment funds including aircraft funds, debt and mortgage backed asset funds, hedge funds, private equity funds and a variety of real estate funds. It has offices in Chicago, New York, Los Angeles, Geneva, Hong Kong and London.