PIMCO has raised $5.5 billion for private credit funds despite a hellacious March — and is telling investors its the best opportunity in a decade

PIMCO has raised $5.5 billion for private credit funds despite a hellacious March — and is telling investors its the best opportunity in a decade

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It’s not often that a fund is able to raise additional money after losing more than a tenth of its assets in a single month.
PIMCO’s nearly $4 billion Tactical Opportunities hedge fund was slammed in March thanks to the exposure to structured credit products…
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