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PIMCO Invests $200M in GreenSky: WSJ

Newport Beach’s Pacific Investment Management Co., one of the world’s largest investment firms, is investing $200 million in GreenSky LLC, according to the Wall Street Journal.

PIMCO’s investment gives GreenSky a $4.5 billion valuation, the Journal said, citing an unidentified person familiar with the transaction. If accurate, that valuation is 25% higher than the $3.6 billion that Atlanta-based Greensky received in 2016.

Greensky operates a lending platform that permits 16,000 merchants to offer credit to their customers. The Atlanta-based company may use the PIMCO funds to enter other categories at point of sale financing and for general corporate purposes, the paper said.

A PIMCO spokesman declined to comment.

Chief Executive Emmanuel “Manny” Roman has previously outlined plans to push into alternative assets. Both Roman and Chief Investment Officer Dan Ivascyn were named this week as the OCBJ’s businesspeople of the year in the finance category.

For more on Roman and Ivascyn, see Page 1 in the OCBJ print edition of Jan. 1, 2018

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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