Infrastructure debt origination platform SIMCo and fixed-income manager PIMCO have launched an OECD-focused multi-billion-dollar infrastructure lending venture.
The pair have formed a partnership to originate senior investment-grade infrastructure debt opportunities backed by assets across energy transition, digital infrastructure, transportation, utilities and social infrastructure.
Harin de Silva, managing director and co-head of asset-based finance at PIMCO, said: “Infrastructure credit continues to offer compelling relative value and defensive characteristics within private markets.
“SIMCo has developed a differentiated infrastructure origination platform with deep sector expertise. Together, we believe this partnership positions us well to originate attractive investment opportunities for our clients across high quality infrastructure debt assets.”
Randall Sandstrom, CEO of SIMCo, said: “This partnership significantly expands our ability to originate and execute infrastructure transactions at scale and bring unique capital solutions to borrowers.
“We believe the combination of SIMCo’s origination and structuring capabilities with PIMCO’s global investment platform creates a compelling franchise focused on senior investment-grade infrastructure lending.”
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