Fund management giant Pimco has ended its role as a sponsor of former Credit Suisse Group AG Chief Executive Officer Tidjane Thiam’s fintech SPAC.
Pimco, which was one of the financial backers behind the creation of Thiam’s Freedom Acquisition I Corp., has agreed to sell its entire stake in the sponsor vehicle for the blank-check firm to an affiliate of China Bridge Capital, according to a June 8 filing.
