Alternative Investment Strategies

Alternatives timeline

Alternatives timeline

PIMCO’s opportunistic strategies are uniquely positioned to leverage the strength of PIMCO’s resources and personnel, including the firm’s extensive relationships with global financial institutions and other sellers of risk, and renowned macroeconomic and asset-level research.

Corporate Credit
A value-oriented opportunistic strategy targeting investments across public and private markets, geographies and capital structures in the less efficient middle market.

Tactical Credit
A unique hybrid structure – investing in both public and private markets – that makes directional investments in residential, commercial and corporate credit.

Real Estate and Mortgages
PIMCO’s real estate and mortgage investments span originations, real estate equity, non-performing and re-performing loans, private debt and structured credit, with the intent to capitalize on the evolving opportunity set, while emphasizing flexibility. We combine bottom-up real estate underwriting with macroeconomic insights to determine optimal asset allocation.

For more information about our alternative strategies, please contact your account manager.

Global Macro
Seeks to deliver absolute returns by using PIMCO’s macroeconomic insights to guide directional and relative value ideas across developed and emerging markets.

Credit Relative Value
Seeks to deliver positive returns with low volatility, low correlation to the market, and an emphasis on capital preservation, by investing in bottom-up relative value and event-driven opportunities.

Commodity Relative Value
Seeks to deliver returns that are sustainable across economic cycles with low correlation to broad commodity, fixed income and equity markets by investing in relative value opportunities across a broad range of commodity markets.

Tactical Credit
A unique hybrid structure – investing in both public and private markets – that makes directional investments in residential, commercial and corporate credit.

Structured Credit
A directional strategy that targets senior structured credit assets. The strategy aims to provide investors with the opportunity to earn carry and potential price appreciation for bearing liquidity and ratings risk with minimal expected long-term credit risk.

For more information about our alternative strategies, please contact your account manager.

Amidst the financial crisis, PIMCO expanded both its capabilities and offerings in direct mortgages, structured credit and real estate with the intent to capitalize on the evolving opportunity set, while emphasizing flexibility. A combination of bottom-up real estate underwriting with macroeconomic insights is used to determine optimal asset allocation. In addition, the strategies focused on uncovering embedded investment risks and value-add potential at the property level and incorporating a relative value framework that includes both public and private real estate data points.

PIMCO’s real estate team includes individuals with real estate private equity, structuring, servicing and origination expertise operating in both the U.S. and Europe. With private and public real estate markets more interconnected than ever, the team’s expertise in asset selection and structure provides a unique perspective to investing and creating value in real estate. Investments span originations, real estate equity, non-performing and re-performing loans, private debt and structured credit, underscoring the team’s flexibility.

PIMCO Mortgage and Real Estate Opportunistic Funds Timeline: Aiming to Capitalize on the Transformation in Real Estate Credit Markets


Real Estate timeline


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Disclosures

Any reference to a fund mentioned on this Alternative Investments page are not registered managed investment schemes in Australia and are for general information of wholesale clients only.

The funds presented on the “Real Estate” tab are private equity-style funds that are closed to new investment. Figures presented above represent aggregate capital commitments as of each fund's final closing, and the dates presented above represent each fund's initial closing. BRAVO I and BRAVO II continue to be implemented based on their respective investment strategies; all other funds listed above have concluded operations. Each of these funds had or has a broad investment mandate and made investments and employed strategies other than those described above.