Jefferies Secures Nearly $4 Billion for European Private Credit Fund

Zacks Investment Research··EUGBUS·Read original
3▲1 ▼0Impact / 5
Summary · why it matters

Jefferies Credit Partners announced on Sept. 9, 2026 that it has secured almost $4 billion of lending capacity for its inaugural European Direct Lending Fund, anchored by Allianz Global Investors with additional commitments from the South Carolina Retirement System Investment Commission and other institutional investors. Including the new fund, two partnership accounts expected to close later in 2026 and balance sheet resources, Jefferies expects nearly $4 billion of near-term lending capacity for the strategy, which targets primarily sponsor-backed, senior-secured loans to middle-market and upper-middle-market companies across Europe and the United Kingdom. The expansion comes as Point Bonita, a trade-finance platform managed through Jefferies' Leucadia Asset Management business, faces renewed scrutiny over nearly $500 million of exposure to iron ore trader Radiant World held by LAM Trade Finance Group II, a fund managed by the Point Bonita unit, which has accused Radiant World of misrepresenting receivables and is pursuing legal action. Point Bonita had already drawn scrutiny over approximately $715 million of purported First Brands receivables, and Jefferies recorded a $30 million pre-tax loss related to its investment in the fund in the fourth quarter of fiscal 2025. Jefferies has acknowledged lessons from First Brands and said it is strengthening its control regime, while the new European fund demonstrates that institutional demand for its private-credit capabilities remains present.

Impact on assets 3

Financials▲ · 2 stocks
Jefferies Financial Group Inc
JEF
▲ PositiveCapitalRegulationrelevance

Jefferies secured nearly $4B of lending capacity for its inaugural European Direct Lending Fund, anchored by Allianz Global Investors and other institutions.

Digital Finance & Tokenization▲ · 1 stocks

Off-coverage companies 5

Jefferies Credit PartnersPrivate▲ Positive
CapitalRegulationrelevance

Jefferies secured nearly $4 billion of lending capacity for its inaugural European Direct Lending Fund, anchored by Allianz Global Investors and other institutional investors.

LAM Trade Finance Group IIPrivate▼ Negative
Regulationrelevance

LAM Trade Finance Group II holds ~$500M of Radiant World exposure and is pursuing legal action over alleged misrepresented receivables.

Leucadia Asset ManagementPrivate▼ Negative
Regulationrelevance

Jefferies' Leucadia Asset Management unit oversees Point Bonita, which faces renewed scrutiny over Radiant World and First Brands receivables exposure.

Allianz Global InvestorsPrivate▲ Positive
Capitalrelevance

Allianz Global Investors anchored the new European Direct Lending Fund, committing capital to Jefferies' private-credit strategy.

Radiant WorldPrivate▼ Negative
Regulationrelevance

Radiant World is accused by Point Bonita of misrepresenting receivables on nearly $500M of iron ore trade-finance exposure and faces legal action.

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