Jefferies Credit Partners is targeting approximately €1 billion ($1.16 billion) for its upcoming private credit secondaries fund. The initiative aims to attract investors actively trading in the private credit secondary market, capitalizing on growing demand for liquidity solutions in this space.

The fundraising effort reflects strong investor interest in private credit assets, which have gained traction among institutional investors seeking alternative income streams. By focusing on secondaries, the fund intends to provide opportunities for investors to buy and sell existing private credit positions.

Market participants note that private credit secondaries offer unique advantages, including faster deployment of capital and potentially lower risk compared to primary investments. The €1 billion target positions Jefferies Credit Partners as a significant player in this evolving market segment.

This move aligns with broader industry trends as traditional banks reduce lending activities, creating opportunities for non-bank lenders like Jefferies to expand their footprint in private credit markets.