Daily News: May 10, 2019

LBC Small Cap Closes First SBIC Fund at $139MM, Expands Team


LBC Small Cap Management closed its first fund, LBC Small Cap SBIC, at $139 million.

Don Rice, partner at LBC Small Cap, commented, “We appreciate the strong interest and support we received from our investors. LBC Small Cap will continue to focus on senior, unitranche, and mezzanine debt and equity investments from $4 million to $14 million to support strong management teams and the growth of lower middle market companies across the United States.”

Separately, LBC Small Cap added Kyle Peters to its investment team as a
vice president.

Peters will be responsible for executing new transactions as well as managing existing portfolio investments. He has significant experience working with management teams and executing middle-market transactions including senior debt, structured equity, minority equity and control equity investments in a variety of situations.

LBC Small Cap focuses on originating, executing and managing senior secured, unitranche, junior debt, structured equity and equity co-investments in U.S.-based lower middle market companies with EBITDA between $2 million to $5 million. The LBC Small Cap team looks to deploy
between $4 million and $14 million per transaction to support funded sponsors, independent sponsors, and family-owned businesses across a broad array of industries.

LBC Credit Partners provides middle market and small-cap financing solutions supporting sponsored and non-sponsored transactions throughout the U.S. across a broad range of industries.