PIMCO BRAVO IV adds New Mexico SIC as an investor
The New Mexico State Investment Council (NMSIC) has approved a commitment of up to $100 million to PIMCO Bank Recapitalization and Value Opportunities Fund IV (BRAVO IV), a closed-end opportunistic fund managed by Pacific Investment Management Co. (PIMCO).
This investment is a re-up of an investment in Bravo III, according to an investment document dated April 8.
PIMCO first launched its BRAVO fund series in 2011, raising $2.4 billion for the first fund, BRAVO I. In 2013, PIMCO raised $5.5 billion for its second fund, BRAVO II, and $4.18 billion for BRAVO III in 2018, according to a