Jefferies lands $4B for European private credit, anchored by Allianz
What's the deal? Jefferies Credit PartnersDealroom has a profile for this one. Try Dealroom → (JCP) has announced roughly $4 billion of lending capacity for its European direct lending strategy, anchored by the first close of its inaugural European Direct Lending Fund. Allianz Global InvestorsDealroom has a profile for this one. Try Dealroom → led the raise, with backing from the South Carolina Retirement System Investment Commission and other institutional investors.
What's the endgame? The perpetual-structure fund targets sponsor-backed, senior secured private credit deals across Europe and the UK, focused on middle-market and upper-middle-market companies. It was seeded at close through the acquisition of a recently originated portfolio of European private credit investments.
Why now? JCP launched its European platform in late 2024 and has been deploying balance sheet capital since. The firm is also in documentation with two partnership accounts expected to close later in 2026, which together with the fund and balance sheet capital make up the near-term $4 billion capacity.
The players: "JCP's expansion into Europe is a natural extension of our established direct lending platform," said Tom Brady, president of Jefferies FinanceDealroom has a profile for this one. Try Dealroom →. James Pearce, head of European direct lending, called Europe "an attractive and underpenetrated market for private credit."
Jefferies LLCDealroom has a profile for this one. Try Dealroom → advised on the transaction; Simpson Thacher & Bartlett LLPDealroom has a profile for this one. Try Dealroom → acted as legal counsel to JCP.
The signal: The raise underscores how established managers are racing to build out European private credit, betting that the region's sponsor community remains under-served relative to the US market that firms like JCP have already scaled.
Read more: finanznachrichten.de
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