Jefferies Expands Private Credit Lending With New BDC Launch (1)

Jefferies Financial Group Inc. is expanding deeper into private credit by raising its first private business development company focused on providing first-lien senior secured loans to private equity-backed US companies.

Jefferies Credit Partners, the asset management arm of Jefferies Finance LLC, is launching the BDC, according to a statement Wednesday. A unit of the Abu Dhabi Investment Authority will anchor the vehicle with a $625 million of equity investment. The BDC will start with $1.7 billion of investable capital.

“Investors are interested in getting exposure to private credit and what they find is differentiated about the Jefferies platform is ...