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 vice chairman, 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 practically 12 years at Credit score Suisse the place he was managing director and head of European origination and syndication for structured merchandise.
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He’ll report into managing administrators Rick LeBrun and Kris Kraus, and shall be primarily based in London.
“Jason’s in depth background in originating, structuring, and financing specialty finance property shall be instrumental in additional enhancing Pimco’s asset-based finance enterprise in EMEA for the advantage of purchasers,” stated the agency.
It emerged final October that Pimco had raised greater than $2bn (£1.6bn) for its asset-based lending technique, based on a submitting with the US Securities and Change Fee.
In line with the submitting, two buyers 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, akin to a merger, acquisition or trade supply.
Earlier this yr, Pimco portfolio supervisor Kris Kraus described specialty finance as “an increasing world of alternative.”