Brookfield Unit Looks to Offload $1.5 Billion of Private Credit [BNN Bloomberg (Canada)]
Jefferies Financial Group Inc. (JEF)
Last jefferies financial group inc. earnings: 10/25 04:42 pm
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Source: BNN Bloomberg
The firm has enlisted Jefferies Financial Group Inc. to find buyers for the list of so-called limited partner stakes, said the people, who asked not to be named because the discussions are private About $1.2 billion of the portfolio is in private credit, including about $1 billion in senior loans and $200 million in lower-tier, opportunistic credit, they said. Representatives for Brookfield and Jefferies declined to comment. Brookfield's approach shows the market for secondhand fund stakes is gaining acceptance as an avenue to shed increasingly large positions. The Florida State Board of Administration is seeking bidders on the secondary market for a bundle of private credit stakes worth as much as $4 billion, Bloomberg previously reported. The assets that reach secondary markets are often sold at discounted prices. The American National opportunistic credit portfolio may fetch bids for around 90 cents on the dollar, according to the people. Bids for the senior-ranking debt may
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JEF
Earnings
- 9/25/24 - Miss
JEF
Sec Filings
- 10/31/24 - Form 144
- 10/31/24 - Form FWP
- 10/31/24 - Form FWP
- JEF's page on the SEC website