Jane Street seeks to shift $11B debt to investors including Pimco to fund AI push

Jane Street, the quantitative trading powerhouse that quietly became one of the most profitable firms on Wall Street, is in advanced negotiations to refinance roughly $11 billion in debt through a private credit deal. The investor group includes Pimco, one of the world’s largest fixed-income managers. The deal and what’s behind it The refinancing would shift Jane Street’s existing debt obligations, roughly $11.2 billion as of 2025, to a new cohort of private credit investors. This isn’t the firm raising fresh capital. It’s restructuring what it already owes under terms that presumably offer more flexibility than its current arrangements. Jane Street’s equity base is projected to hit approximately $45 billion by the end of 2025. That’s a staggering number for a firm most people outside finance have never heard of. Why crypto investors should care Jane Street isn’t just a traditional finance shop. The firm has become one of the most significant participants in the crypto ETF ecosystem, serving as an authorized participant and market maker for several spot Bitcoin and Ethereum exchange-traded funds. In the first quarter of 2026, Jane Street slashed its Bitcoin ETF holdings by 71%. At ...