Jefferies Expands Private Credit Lending
Jefferies Group LLC, a global investment banking firm, has announced the launch of a new business development company (BDC) to expand its private credit lending capabilities. The new BDC, Jefferies BDC Inc., will provide financing to middle-market companies in the U.S. and Europe.
Background of Jefferies Group
Jefferies Group LLC is a global investment banking firm that provides a wide range of services, including mergers and acquisitions, capital markets, and private capital solutions. The firm has offices in the U.S., Europe, and Asia and is a subsidiary of Leucadia National Corporation.
Jefferies BDC Inc.
Jefferies BDC Inc. is a newly formed business development company that will provide financing to middle-market companies in the U.S. and Europe. The company will focus on providing debt financing solutions to companies with annual revenues between $50 million and $500 million.
The company will provide a variety of financing solutions, including senior secured loans, subordinated debt, and mezzanine debt. Jefferies BDC Inc. will also provide equity co-investment opportunities to its clients.
Leadership of Jefferies BDC Inc.
Jefferies BDC Inc. will be led by a team of experienced professionals. The company’s CEO is David C. Bailin, who has more than 25 years of experience in the private credit industry. He was previously the head of the private credit group at Jefferies.
The company’s CFO is Michael J. O’Connor, who has more than 20 years of experience in the private credit industry. He was previously the head of the private credit group at Jefferies.
Strategy of Jefferies BDC Inc.
Jefferies BDC Inc. will focus on providing debt financing solutions to middle-market companies in the U.S. and Europe. The company will provide a variety of financing solutions, including senior secured loans, subordinated debt, and mezzanine debt.
The company will also provide equity co-investment opportunities to its clients. Jefferies BDC Inc. will focus on providing financing solutions to companies with annual revenues between $50 million and $500 million.
Benefits of Jefferies BDC Inc.
Jefferies BDC Inc. will provide a number of benefits to its clients. The company will provide financing solutions to middle-market companies in the U.S. and Europe. The company will also provide equity co-investment opportunities to its clients.
The company will be led by a team of experienced professionals with more than 25 years of experience in the private credit industry. The company’s CEO and CFO have extensive experience in the private credit industry.
Conclusion
Jefferies Group LLC has announced the launch of a new business development company, Jefferies BDC Inc., to expand its private credit lending capabilities. The company will provide financing to middle-market companies in the U.S. and Europe. The company will focus on providing debt financing solutions to companies with annual revenues between $50 million and $500 million. The company will also provide equity co-investment opportunities to its clients. The company will be led by a team of experienced professionals with more than 25 years of experience in the private credit industry.