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Sign in Sign up for a FREE subscriptionPIMCO raises $697m for debt fund
Pacific Investment Management Co. (PIMCO), a fixed-income investment manager based in Newport Beach, Calif., has raised $696.65 million for its latest real estate fund, PIMCO Commercial Real Estate Debt Fund, according to a filing with the SEC. The firm did not comment on its fundraising efforts.
The closed-end fund will invest in mortgages, CMBS and mezzanine loans across the United States. A fundraising target was not disclosed in the SEC filing; however, news sources report it to be more than $1 billion.
As of June 30, 2018, PIMCO had $1.71 trillion in assets under management.
