PIMCO enters into private corporate credit venture with Solar Capital

'Capitalise on targeted market opportunities'

PIMCO is expanding its private credit platform by partnering with Solar Capital Partners.

Solar Capital Partners has a ten-year track record of making private loans to corporate borrowers and the joint venture is a result of previous work done between the two firms since 2014. Man Group chief Manny Roman to join PIMCO as CEO Emmanuel Roman, CEO at PIMCO, said: "This joint venture is a continuation of the disciplined expansion of PIMCO's alternatives' strategies since 2004, where we have sought to capitalise on targeted market opportunities by leveraging PIMCO's broad investment expertise and long-term performance focus."  PIMCO already has significant presence in privat...