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.
LBC Credit Partners promoted John Jadach to partner and hired GE Capital vet Will McCarthy as managing director. The firm also promoted five on its investment and accounting teams.
As the U.S. changed from a manufacturing to a service-based economy, ABL lenders faced a growing array of challenges, including lending to software companies and coping with rapid hardware obsolescence. Hugh C. Larratt-Smith speaks with key lenders in this industry and learns how lending to technology has changed in the last 40 years.
LBC Credit Partners closed LBC Credit Partners IV with $743.5 million of equity capital commitments. Including related funds raised contemporaneously, LBC has closed on an aggregate of $1.2 billion of equity capital commitments.
LBC Credit Partners announced they have entered into their 100th relationship, reaching a milestone of investing more than $2 billion in over 100 platform transactions.