At PIMCO, our decades of global leadership in active fixed income investing have prepared us for the complexities of alternative strategies, grounded in a solid foundation of macroeconomic analysis, fundamental research, and relative value comparisons.
Over the last 20 years, this broad perspective has provided our investors with access to new potential opportunities through innovative strategies spanning global macro, commodities, risk premia, structured and corporate credit, and the full spectrum of residential and commercial real estate markets.
PIMCO’s 50+ years of active fixed income expertise helps give us an edge in managing the complexities of the alternatives universe. Our long, solid track record speaks to the expertise of our investment team and process, which allows us to identify value across public and private markets globally.
Our rigorous and fully-integrated investment process operates on a global scale with the aim of identifying compelling value across public and private markets, providing us with a differentiated perspective when evaluating individual opportunities.
Industry leadership, long-term relationships, and our dedicated asset specialists allow us to delve deeply into markets across the globe, at significant scale or in highly-targeted niche investment areas.
As of 30 September 2023. 1Includes NAV and uncalled capital for draw down funds, and $91.8B in estimated gross assets managed by PIMCO Prime Real Estate (formerly Allianz Real Estate). PIMCO Prime Real Estate is a PIMCO company and includes PIMCO Prime Real Estate GmbH, PIMCO Prime Real Estate LLC, and their subsidiaries and affiliates. PIMCO Prime Real Estate LLC investment professionals provide investment management and other services as dual personnel through Pacific Investment Management Company Return to content
Learn about the factors that are creating unique entry points in specialty finance, and why PIMCO experts believe there are attractive risk-adjusted returns and greater scale than ever before.
Since launching its first opportunistic credit vehicles over 20 years ago, PIMCO has developed a significant presence in both alternative credit and private investment strategies. Our strategies include those that seek to identify value primarily in listed securities, relying on fundamental and capital structure analysis, and also strategies that seek to privately finance the debt and equity needs of companies, asset holders, and origination platforms. We invest globally across commercial and residential real estate and mortgage credit, performing and distressed corporate debt, and specialty finance markets.
Residential Real Estate
One of the largest providers of capital to global mortgage markets, our team focuses on credit-sensitive RMBS and whole loans, re-performing and non-performing loans, and direct origination.
Commercial Real Estate
Our team invests opportunistically across geographies, sectors, and development stages, while our real estate debt team finances developers, sponsors, and other asset owners.
Our team invests seamlessly across public and private markets, spanning leveraged loans, high yield bonds, bank capital, CLOs/CBOs, direct lending, capital solutions, and distressed investing.
Our team focuses on consumer finance, such as unsecured personal loans, student loans and automobile leases/loans; and commercial finance, such as trade finance, transportation, and equipment finance.
Our global macro, commodity absolute return, insurance-linked securities, managed futures, and quantitative strategies benefit from our extensive global market experience and resources.
Our dedicated quant team is focused on interest rates, equities, and currencies across both developed and developing markets as well as commodities and the derivatives related to each of these markets.
Our dedicated portfolio managers have a longstanding track record investing in macro/directional, relative value and tactical/systematic trades across asset classes in developed and emerging markets.
Credit Relative Value
Our credit portfolio managers span the full spectrum from investment grade corporate credit to distressed emerging market credit, focused on identifying directional and relative value opportunities.
Our dedicated commodity portfolio managers leverage commodity analytics, risk management and credit research to manage one of the world’s largest commodity strategies.
A liquidity gap is growing as banks curtail specialty lending, providing specialty finance investors opportunities for potential better risk-adjusted returns than we’ve seen since the GFC.
Quant investing in credit is an exciting frontier, but success relies on more than just the application of what is known to work well in equities. Learn how PIMCO’s 50+ years of credit expertise gives our clients an edge.
Watch an introduction to European data centers and uncover why this is a secular growth trend, as well as a high conviction view at PIMCO. In this exclusive video, Kirill Zavodov, Portfolio Manager, discusses the outlook ahead and opportunities in this space with Russell Poole, CEO, Apto Ltd.
Our long-term outlook embraces a flexible, long-term approach to seize opportunities in debt and equity investments across the real estate landscape.
The ongoing tightening in credit conditions exacerbated by recent banking sector shockwaves continues to drive borrowers towards private credit markets. Watch as head of corporate special situations, Jamie Weinstein, explains how PIMCO’s private credit platform is well-positioned to capture the resulting opportunities over the long term.
With their ability to act as an inflation hedge, diversifier and return enhancer, commodities should be considered an important portfolio allocation over the long term.
How Can PIMCO Help You?
The following disclosures may not include all risks related to the strategies described herein. Additionally, this information is not intended to provide, and should not be relied on for, accounting, legal, tax or other advice. PIMCO does not provide legal or tax advice. Please consult your tax and/or legal counsel for specific tax or legal questions and concerns.
All investments contain risk and may lose value. Investments in residential/commercial mortgage loans and commercial real estate debt are subject to risks that include prepayment, delinquency, foreclosure, risks of loss, servicing risks and adverse regulatory developments, which risks may be heightened in the case of non-performing loans. The value of real estate and portfolios that invest in real estate may fluctuate due to: losses from casualty or condemnation, changes in local and general economic conditions, supply and demand, interest rates, property tax rates, regulatory limitations on rents, zoning laws, and operating expenses. Investments in mortgage and asset-backed securities are highly complex instruments that may be sensitive to changes in interest rates and subject to early repayment risk. Structured products such as collateralized debt obligations are also highly complex instruments, typically involving a high degree of risk; use of these instruments may involve derivative instruments that could lose more than the principal amount invested. Private credit involves an investment in non-publically traded securities which may be subject to illiquidity risk. Portfolios that invest in private credit may be leveraged and may engage in speculative investment practices that increase the risk of investment loss. Equity investments may decline in value due to both real and perceived general market, economic and industry conditions, while debt investments are subject to credit, interest rate and other risks. Investing in banks and related entities is a highly complex field subject to extensive regulation, and investments in such entities or other operating companies may give rise to control person liability and other risks. In addition, there can be no assurance that PIMCO's strategies with respect to any investment will be capable of implementation or, if implemented, will be successful. Investing in distressed companies (both debt and equity) is speculative and may be subject to greater levels of credit, issuer and liquidity risks, and the repayment of default obligations contains significant uncertainties; such companies may be engaged in restructurings or bankruptcy proceedings.
Statements concerning financial market trends or portfolio strategies are based on current market conditions, which will fluctuate. There is no guarantee that these investment strategies will work under all market conditions or are appropriate for all investors and each investor should evaluate their ability to invest for the long term, especially during periods of downturn in the market. Outlook and strategies are subject to change without notice.
PIMCO does not provide legal or tax advice. Please consult your tax and/or legal counsel for specific tax or legal questions and concerns.
PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. Individual investors should contact their own financial professional to determine the most appropriate investment options for their financial situation. This material contains the opinions of the manager but not necessarily those of PIMCO, and such opinions are subject to change without notice. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America L.L.C. in the United States and throughout the world. ©2023, PIMCO.