PIMCO Foundation Invests $1 Million in Economic Empowerment Partnerships
Newport Beach, California (March 15, 2022) – PIMCO, one of the world’s premier fixed income investment managers, is proud to announce that the PIMCO Foundation is partnering with two organizations to help create economic empowerment at the intersection of racial and gender equality.
The $1 million allocation will be split equally between Black Girl Ventures and FreeFrom.
In addition to providing funding to both organizations, PIMCO will offer resources, skills and expertise through pro bono work and volunteer activities. “PIMCO is pleased to partner with these organizations because they aim to facilitate growth, progress and success in their communities,” said Emmanuel Roman, Managing Director and PIMCO’s Chief Executive Officer. “These partnerships reinforce our longstanding commitment to gender equality by equipping the most vulnerable with access to capital, skills and networks to achieve financial security in order to thrive.
Black Girl Ventures helps fund and scale tech-enabled, revenue-generating businesses founded by people who identify as Black or Brown women. The goal is to help create economic advancement through entrepreneurship by providing access to investment and social capital, community and capacity building opportunities.
FreeFrom is dedicated to dismantling the nexus between intimate partner violence and financial insecurity. Their mission is to make safety affordable for all survivors of intimate partner violence so that they can build lives free from violence for themselves and their children.
PIMCO is one of the world’s premier fixed income investment managers. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 50+ years since, we have continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. Today we have offices across the globe and professionals united by a single purpose: creating opportunities for investors in every environment. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.
Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.