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PIMCO seeking €750 million in funding for its European data center fund.

Mar 26, 2024over 1 year ago

Amount Raised

$300 Million

Newport BeachFinancial Services

Investors

Allianz Group

Description

PIMCO is seeking to raise a total of €750 million for its European data center fund, with reports indicating that it has already raised around €300 million. The fund will primarily focus on hyperscale developments in Europe and may raise as much as €1 billion.

Company Information

Company

PIMCO

Location

Newport Beach, California, United States

About

PIMCO is a global leader in active fixed income with deep expertise across public and private markets. We invest our clients’ capital across a range of fixed income and credit opportunities, drawing upon our decades of experience navigating complex debt markets. Our flexible capital base and deep relationships with issuers have helped us become one of the world’s largest providers of traditional and nontraditional solutions for companies that need financing and investors who seek strong risk-adjusted returns. Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements. Contact:Michael ReidPIMCO – Media Relations Ph. 212-597-1301Email: Michael.Reid@pimco.com

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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