The Luxembourg fund is for European wealth investors
US asset management giant PIMCO, a DCM player, launched Diversified Private Credit Fund, an evergreen vehicle for alternatives that grants European wealth investors the access to secured loans, residential mortgages, consumer credit, corporate and commercial real estate loans (press release).
The Luxembourg’s semiliquid fund has the structure of a SCA – UCI Part II. Dan Ivascyn, PIMCO cio, Kristofer Kraus, Mathieu Clavel will make the fund’s Investment Committee whose members have solid experience in multi-sector private lending.
Christian Stracke, PIMCO’s chairman and Global Head of Credit Research, said: “The rapid growth of private markets is creating dynamics similar to those in which we have seen structural alpha in public markets over the past 50 years. The private credit opportunity lies in asset-based lending, real estate debt and flexible, value-oriented investment strategies.”
The strategy is part of PIMCO’s alternative investment platform, which to date has 191 billion US Dollars in assets under management, including 162 billion in alternative credit and private strategies.
