LBC Credit Partners closed LBC Credit Partners V (LBC V) and a fund raised contemporaneously, adding $808 million of equity commitments to the firm’s capital base. To date, LBC V has funded 28 investments and continues to evaluate opportunities for the platform.
“We are grateful for the strong support we received from our investors and institutional partners,” John Brignola, senior managing partner of LBC Credit Partners, said. “This successful capital raise further confirms our 17-year, cycle-tested strategy of direct lending in the middle market. We are extremely proud of our team and the stability we achieved last year as we successfully navigated the challenges of 2020.”
LBC V and its related funds will continue LBC Credit Partners’ strategy of originating, executing and managing a portfolio of direct loans and investments in U.S. middle market companies across a range of industry sectors.
“Our consistent relationships with our deal partners are a testament to our team and our experience, delivering customized solutions that enable us to work proactively and creatively with companies and sponsors in many situations,” Brignola said. “We appreciate the support and trust of all our deal partners over the past year and look forward to continuing our relationships.”
LBC Credit Partners provides middle market and small-cap financing solutions supporting sponsored and non-sponsored transactions throughout the U.S. across a range of industries.
