As banks pull back from many types of lending, demand for capital is outpacing supply, providing the best potential opportunities in private credit since the GFC.
A liquidity gap is growing as banks curtail specialty lending, providing specialty finance investors opportunities for potential better risk-adjusted returns than we’ve seen since the GFC.
Mike Cudzil, portfolio manager, fixed income, and Jason Steiner, portfolio manager, alternative credit, discuss the current mortgage market, what opportunities may exist in the mortgage market, and why we believe PIMCO is well-positioned to respond quickly to these potential opportunities.
Investing Across the Spectrum: Part 2
Investing Across the Spectrum: Part 3
Investing Across the Spectrum: Part 4