Bijal Parikh
About Bijal Parikh
Bijal Y. Parikh is the Treasurer of PIMCO Income Strategy Fund II (PFN), serving since 2021; he is an Executive Vice President at PIMCO and an “interested person” of the Funds under the Investment Company Act . Year of birth is 1978; his business address is c/o PIMCO, 650 Newport Center Drive, Newport Beach, CA 92660 . Public profiles list Parikh as CFO/Chief Accounting Officer/Treasurer for PFN, and an Executive Vice President (Principal Financial Officer) at PIMCO, with 20+ years of mutual fund administration experience; he is an alumnus of Tulane University . As a fund officer of an externally managed closed-end fund, performance oversight is conducted by the Board’s Performance Committee; NAV/market total return governance is emphasized rather than operating revenue/EBITDA metrics in proxy materials .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| PIMCO | Executive Vice President (Principal Financial Officer) | Not disclosed | Senior fund finance/administration leadership across PIMCO-Managed Funds |
| PIMCO-Managed Funds (including PFN) | Treasurer | Since 2021 | Principal financial and accounting responsibilities for PFN and other PIMCO-Managed Funds |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Youth Speaks (non-profit) | Board Member | Not disclosed | Bio notes EVP at PIMCO; alumnus of Tulane University; >20 years mutual fund administration |
Fixed Compensation
- Officers and employees of the Funds who are principals/officers/employees of the Manager (PIMCO) “are not compensated by the Funds”; compensation is paid by PIMCO or its affiliates, and PFN does not report officer salary/bonus/equity .
- No PFN proxy disclosure of base salary, target bonus, actual bonus, RSUs/PSUs, options, perquisites, pensions/SERP, deferred compensation, or tax gross-ups for Parikh; such items are absent in PFN’s proxy for fund officers (trustee compensation only) .
Performance Compensation
- No fund-level performance-based compensation disclosures for Parikh; PFN officers are not paid by the Fund, and performance metrics tied to pay (TSR/EBITDA/ESG) are not reported in PFN proxies for officers .
- Fund performance governance is handled via the Board’s Performance Committee, which reviews fund performance, investment philosophy, and Manager changes; this is a governance mechanism rather than an officer incentive plan .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| PFN Shares Outstanding (Record Date: Apr 28, 2025) | 93,356,454.48 |
| Insider/Officer Beneficial Ownership | As of the Record Date, Trustees, nominees and officers as a group and individually each beneficially owned less than 1% of each Fund’s outstanding shares |
| Officer Equity Awards/Vesting | No PFN disclosures of RSUs/PSUs/options or vesting schedules for officers; officers are not compensated by the Funds |
| Pledging/Hedging | No pledging/hedging disclosures for officers in PFN proxy materials |
Implication: With no PFN-level equity awards and officer holdings individually <1%, insider selling pressure and pay-for-performance alignment via fund equity are limited; alignment is primarily through PIMCO employment and governance oversight rather than PFN share-based incentives .
Employment Terms
| Term | Detail |
|---|---|
| Office & Tenure | Treasurer of PFN since 2021 |
| Officer Status | “Interested person” due to affiliation with PIMCO |
| Appointment & Removal | Officers hold office at the pleasure of the Board until successors are chosen/qualified; can be removed with/without cause or upon resignation/disqualification |
| Compensation Source | Officers are compensated by the Manager (PIMCO) or affiliates; no compensation from the Funds |
| Business Address | c/o PIMCO, 650 Newport Center Drive, Newport Beach, CA 92660 |
Investment Implications
- Compensation alignment: PFN’s externally managed structure means Parikh’s compensation is at PIMCO and not directly tied to PFN’s reported performance; investors should evaluate PIMCO’s incentive structures and the Board’s oversight (Performance, Valuation, Audit committees) for alignment .
- Retention risk: Parikh serves at the pleasure of the Board and is a senior PIMCO executive (Treasurer since 2021); retention is more a function of PIMCO’s talent management than PFN-specific contracts; no severance/change-of-control terms are disclosed at the Fund level .
- Trading signals: With officers individually <1% ownership and no fund-level equity awards/options, insider selling pressure is low; monitor any Form 4 filings for trustees/officers, but PFN proxy indicates minimal personal ownership concentration .
- Governance quality: Independent trustees constitute a supermajority; committees (Valuation, Contracts, Performance, Audit) actively oversee fair value, advisory fees, performance, and financial reporting, creating structural checks on manager alignment with shareholders .