Jeffries Capital Investors, a subsidiary of the investment bank and institutional brokerage Jeffries Group Inc., has formed a bridge fund and secured a credit facility, totaling $650 million.

Funding for the $350 million bridge fund and $300 million loan facility will come from a group of eight lenders led by SunAmerica Corporate Finance, a unit of SunAmerica Inc.

The new facilities will be used by Jeffries to provide small and middle- market companies with both senior term loans and revolving credit.

Jeffries said it has raised more than $15 billion in debt and equity for its clients since entering the corporate finance business in 1991. "The bridge fund and senior loan facility allow us to provide a more complete service to our corporate clients. We can now offer them financing throughout their capital structure," Frank E. Baxter, chairman and chief executive officer of Jeffries Group, said in a statement.

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