Add as a preferred source on GoogleJefferson Capital Targets 2x-2.5x Leverage as Deployments Hit Record
Third-quarter deployments rose 111% year over year, while management sees opportunities across several auto portfolio types.
Jefferson Capital, Inc. recorded $318 million in third-quarter deployments, a period record, as management pointed to auto-finance opportunities and targeted leverage of 2x to 2.5x.
Deployments were up 111% year over year. Management sees opportunities across performing, charged-off and insolvency auto portfolios.
CEO David Burton said collections rose 35% year over year to $319 million. Forward-flow commitments totaled $384 million as of Sept. 30, including $267.5 million contracted for the next 12 months. Management said deployment levels may vary from quarter to quarter.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.