Jefferies Plans to Double Credit Secondaries Team by Year-End

Jefferies Financial Group Inc. plans to double the number of people on its credit secondaries team by the end of 2025, as demand has surged from investors who want to buy and sell existing exposure amid a dearth of fresh deals.

The plan, confirmed by a spokesperson, comes as credit secondary sales from both limited partners and general partners have ticked up lately. Jefferies predicts credit secondary transactions will exceed $17 billion this year, up from $10 billion last year.

“The credit secondaries market is surging right now, and we expect that momentum to continue for years to come,” said ...