Pimco's CEO is cautious about the private equity market.

Pimco CEO Emmanuel Roman said in an interview with the Financial Times that the private markets have not yet been tested by the rapid economic downturn. He stated that there is a huge demand for infrastructure, energy transmission, and data centers in the UK and the US. According to anonymous sources familiar with the matter, the company is raising funds for a $4.2 billion asset-based financing strategy.