REUTERS/Lori Shepler/File Photo Acquire Licensing RightsNov 27 (Reuters) - U.S. bond giant Pacific Investment Management Company (PIMCO) said on Monday it expects the next few years to provide the best opportunities for private credit investors since the global financial crisis.
"As private credit investors, this is the environment we’ve been waiting for," portfolio managers at PIMCO said in a note.
In particular, PIMCO expects the lower liquidity environment to create opportunities for private credit investors in specialty finance - collateral-based loans to consumers and small businesses - as well as in senior corporate loans and commercial real estate.
Within specialty finance, the asset manager singled out residential mortgage credit, solar and home improvement lending, equipment finance and aircraft leasing.
PIMCO said it expects opportunities for private credit to provide such financing not just directly to borrowers, but also to banks and non-bank lenders.
Persons:
Lori Shepler, PIMCO, Matt Tracy, Davide Barbuscia, Nick Zieminski
Organizations:
REUTERS, Pacific Investment Management Company, Thomson
Locations:
Newport Beach , California