Jefferies Raises $2 Billion for Direct Lending Fund (Correct)

Jefferies Financial Group Inc. raised more than $2.1 billion from investors in its second private credit fund, according to an email seen by Bloomberg.

The fund, named Jefferies Direct Lending Fund II, will focus on making senior secured loans to middle- and upper middle-market companies. It’s already deployed more than half of its investor commitments, with investments ranging in size from $200 million to $400 million.

The new fund will seek lending opportunities exclusively sourced within Jefferies’ investment bank, said John Liguori, chief investment officer of Jefferies Credit Partners, in an interview. Jefferies Credit Partners has right ...