Jefferies Fund Holds $715 Million in First Brands’ Trade Debt: Report

Jefferies fund holds $715 million in First Brands’ trade debt: Report

An asset manager controlled by a unit of Jefferies Financial Group Inc. sank nearly a quarter of its $3 billion trade finance portfolio into receivables tied to auto parts supplier First Brands Group Inc., the bank disclosed on Wednesday.

Western Alliance Faces First Brands Risk Through Jefferies Fund

US regional lender Western Alliance Bancorp faces exposure to the collapse of auto-parts supplier First Brands Group through a leveraged facility with a fund linked to Jefferies Financial Group Inc.

Fund Tied to Bankrupt Auto Parts Supplier Reports Trade Debt

A fund controlled by a unit of Jefferies Financial Group sunk nearly a quarter of its $3 billion trade finance portfolio into receivables tied to auto parts supplier First Brands Group.

Jefferies trade finance fund has a quarter of its assets linked to First Brands

Point Bonita Capital, a fund belonging to investment bank Jefferies’ trade finance arm, has US$715mn in exposure to receivables of collapsed US auto parts supplier First Brands.  The exposure represents around a quarter of the US$3bn in trade finance assets managed by the fund, a division of Jefferies unit Leucadia Asset Management, Jefferies said in an October 8 statement.   First Brands previously directed its purchasers – including firms such…

Jefferies Provides Update on First Brands Group - Markets Media

In response to inquiries, Jefferies Financial Group, Inc. announced: On September 29, 2025, First Brands Group, LLC and certain of its affiliates (“First Brands”) filed voluntary petitions for Chapter 11 bankruptcy protection. First Brands is an aftermarket auto parts manufacturer that sells its products to major auto-parts retailers (the “Obligors”). Point Bonita Capital, a division of Leucadia Asset Management (“LAM”), manages on behalf of thi…