Jain Global Tackles Realm that Other Funds Now Fear to Tread: Supply Chain Financing

Bobby Jain's multi-manager fund becomes lender to Westinghouse nuclear power unit

UBS AG’s hedge fund management unit decided to retreat from the business of financing corporate invoices after one major borrower filed for bankruptcy. Bobby Jain’s multi-manager fund stepped up to take its place.

Jain Global LLC joined a group of lenders late last year that provide the nuclear power plant unit of Westinghouse Electric Corp. with working capital financing, according to a regulatory filing at the time. It shows how Jain Global is diversifying its investing strategies after raising more than $5 billion in 2024, marking one of the hedge fund industry’s largest recent debuts.

Photo by Sarowar Hussain: https://www.pexels.com/photo/aerial-view-of-rooppur-nuclear-power-plant-bangladesh-33848674/