Pimco has launched a new private credit fund focused on multi-sector private lending.
The Diversified Private Credit fund aims to offer wealth investors across Europe access to a diverse investment universe, involving private loans secured by hard assets, residential mortgages, consumer and corporate credit, and commercial real estate loans.
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The fund will be managed by an investment committee including Dan Invascyn, managing director and group investment officer, and managing directors and portfolio managers Kristofer Kraus and Mathieu Clavel.
The fund will sit within Pimco’s $191bn (£143bn) Alternative platform, which includes $162bn in assets under management across alternative credit and private strategies.
“The rapid growth of private markets is creating dynamics similar to those that we have found structural alpha in across public markets over the past 50 years,” said Christian Stracke, president and global head of credit research at Pimco. “The opportunity in private credit lies in asset-based lending, real estate debt and flexible and value-oriented investment strategies.”
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“The DPC Fund will provide wealth investors access to a comprehensive range of asset classes, along with Pimco’s time-tested, alternative credit and private strategies platform.
“This launch marks an important step in the evolution of our semi-liquid, income-oriented solutions, providing investors with a unique, holistic approach to private credit. We are proud to be bringing this exciting evergreen strategy to the European wealth market.”
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