Origination platform SIMCo and fixed income investment firm PIMCO have formed a strategic partnership focused on originating senior investment grade infrastructure debt opportunities.
The partnership’s goal is to assist the growing demand for infrastructure financing across OECD economies, driven by energy transition, digitalisation, and modernisation which continue to exceed available sources of long-term capital.
The firms said institutional investors continue to seek high-quality income opportunities backed by essential assets and resilient cash flows.
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The partnership is expected to launch a multi-year, multi-billion dollar investment platform, which will focus on financing essential infrastructure assets and projects across sectors such as energy transition, digital infrastructure, transportation, utilities and social infrastructure.
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“Infrastructure credit continues to offer compelling relative value and defensive characteristics within private markets,” said Harin de Silva, managing director and co-head of asset-based finance at PIMCO. “Together, we believe this partnership positions us well to originate attractive investment opportunities for our clients across high quality infrastructure debt assets,” he added.
Randall Sandstrom, chief executive of SIMCo, said 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. “This partnership significantly expands our ability to originate and execute infrastructure transactions at scale and bring unique capital solutions to borrowers.”
