Bloomberg reported that Mark Walter offered to pledge his Guggenheim Partners stake and pay double-digit yields to raise billions for TWG Global Holdings as it sought to clean up or restructure loans at Delaware Life Insurance and Clear Spring Life and Annuity. The fundraising continued even after Walter agreed to sell the Los Angeles Lakers to Joshua Kushner and former Disney CEO Bob Iger for a record $12.5 billion, a deal that still requires NBA approval and implies about a $2.5 billion gain after less than a year of ownership. Federal prosecutors in Manhattan, the U.S. Securities and Exchange Commission and the Delaware insurance regulator are examining disclosures and potential conflicts tied to billions of dollars of private credit investments and roughly $21 billion of loans at Walter-linked insurers; Walter and his firm deny wrongdoing. Investor Ross Gerber publicly suggested the Lakers sale may have been driven by regulatory pressure, but that remains his view rather than an established finding.