PressNewsFinancialsStakes and investments: PIMCO strengthens alternatives strategy with Solar Capital Partners tie-up

PIMCO strengthens alternatives strategy with Solar Capital Partners tie-up

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PIMCO, a leading global investment management firm owned by Allianz SE, has entered into a joint venture with Solar Capital Partners to further develop and expand its private credit platform.
 

PIMCO
Munich, Dec 08, 2016

Solar Capital Partners, with its decade-long successful track record of making private loans to corporate borrowers, brings to the partnership an extensive network of relationships with middle-market borrowers and private equity sponsors.

The joint venture, which strengthens the collaboration between the two companies that began in 2014, “is a continuation of the disciplined expansion of PIMCO’s alternatives’ strategies since 2004...” PIMCO Chief Executive Officer Emmanuel Roman said.

Founded in 1971, PIMCO has more than $27 billion in alternative assets with a significant presence in private corporate credit across strategies.

According to the company’s Group Chief Investment Officer Dan Ivascyn, private credit presents an attractive “super-secular opportunity”.

PIMCO can bring “depth of resources” to Solar Capital Partners’ investment process, said Michael Gross, the co-founder of the investment advisor.

“Together with the two publicly-traded business development companies that we manage - Solar Capital Ltd and Solar Senior Capital Ltd - our joint venture with PIMCO can provide us with significant scale to deliver full solutions to our clients,” Solar Capital Partners Co-Founder Bruce Spohler added.

Since its formation in 2006, Solar Capital Partners has invested about $5.8 billion in over 255 different portfolio companies with more than 165 private equity sponsors.

  Forward Looking Statement disclaimer

As with all content published on this site, these statements are subject to our Forward Looking Statement disclaimer:

 

  Press contact

Michael Reid
PIMCO                       
Phone +1212 597 1301
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