Jefferies eyes €1bn for private credit secondaries vehicle
Jefferies Credit Partners is targeting around €1bn ($1.16bn) for a new vehicle designed to give investors exposure to private credit secondaries while providing the lender with additional capital to originate loans, according to a report by Bloomberg.
Jefferies Credit Partners is planning to raise approximately €1 billion ($1.16 billion) for a new investment vehicle focused on private credit secondaries, according to Bloomberg. The fund aims to provide investors with exposure to the private credit market while simultaneously providing the lender with additional capital to originate loans, according to sources familiar with the plans.
The proposed structure of the fund is a continuation fund or "staple" transaction, which will consist of roughly €500 million in equity and an equivalent amount of leverage, the sources said. Jefferies Credit Partners is providing advisory services for the transaction. In addition, the fund is anticipated to operate on an evergreen basis, enabling the recycling of capital indefinitely while retaining loans previously sourced by Jefferies Credit Partners.
Written by urgent.news from Private Equity Wire's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
