Jefferies fund carries about $500m exposure in second invoice‑fraud case
A Jefferies-managed Point Bonita private credit fund has about $500 million of exposure to Radiant World and affiliated entities amid the collapse of First Brands Group, after a London High Court freezing order raised its claimed exposure; Radiant, a major iron ore trader, has faced liquidity strain as lenders cut ties over documentation concerns, with Point Bonita signing forbearance agreements with Radiant and Sapphire Minmetals. Jefferies also faces two lawsuits related to its First Brands exposure, while Radiant and Sapphire deny wrongdoing.