BlackRock (BLK) and other investors, including Texas Treasury Safekeeping Trust Co., have been in talks to partially redeem funds invested with Point Bonita Capital, a Jefferies Financial (JEF) fund with exposure to the trade debt of bankrupt auto-parts supplier First Brands Group, people familiar with the matter told Bloomberg’s Irene Garcia Perez, Luca Casiraghi and Katherine Doherty. On Wednesday, Jefferies said that Point Bonita, a unit of Jefferies’ Leucadia Asset Management, had $715M invested in receivables owed to First Brands.
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