Pimco has boosted its asset-based finance enterprise with a brand new appointment.
Jason O’Brien has joined the asset supervisor’s capital markets group as govt vp, head of asset-based originations, EMEA.
He joins from ATLAS SP Companions the place he served as managing director and head of EMEA. Previous to ATLAS, he spent almost 12 years at Credit score Suisse the place he was managing director and head of European origination and syndication for structured merchandise.
Learn extra: Pimco urges concentrate on ‘relative worth’
He’ll report into managing administrators Rick LeBrun and Kris Kraus, and might be based mostly in London.
“Jason’s in depth background in originating, structuring, and financing specialty finance belongings might be instrumental in additional enhancing Pimco’s asset-based finance enterprise in EMEA for the good thing about shoppers,” stated the agency.
It emerged final October that Pimco had raised greater than $2bn (£1.6bn) for its asset-based lending technique, in keeping with a submitting with the US Securities and Alternate Fee.
In response to the submitting, two traders are behind the brand new funding, though their names weren’t disclosed. The submitting described the technique as a pooled funding fund, which isn’t being made in reference to a enterprise mixture transaction, reminiscent of a merger, acquisition or alternate provide.
Earlier this yr, Pimco portfolio supervisor Kris Kraus described specialty finance as “an increasing world of alternative.”
