LBC Credit Partners announced the final closing of LBC Credit Partners IV, L.P. with $743.5 million of equity capital commitments exceeding its target of $600 million. Including related funds raised contemporaneously, LBC has closed on an aggregate of $1.2 billion of equity capital commitments, meeting its hard cap. LBC also raised $800 million in long-term debt commitments* for its fourth fund platform.
LBC was supported by its existing investor base and secured additional support from several new institutional partners. “We appreciate the strong support we received from our investors,” said Managing Partner, John Brignola. “The successful capital raise further validates our disciplined, cycle-tested investment strategy that we have been executing over the last 12 years.”
LBC IV and its related funds will continue LBC’s strategy of originating, executing, and managing a diversified portfolio of direct loans and investments in U.S. middle market companies across a broad range of industry sectors. The firm has invested over $4.5 billion since its inception.
“Our team of experienced investment professionals, with an average tenure at LBC of over nine years, will continue to deliver customized financing solutions to middle market companies and private equity groups. In conjunction with our broad product offering ranging from senior secured loans to mezzanine debt, we offer the certainty of execution, financial stability and patient capital that our borrowers and their sponsors expect,” added Brignola.
About LBC Credit Partners
LBC Credit Partners is a leading provider of middle market financing solutions including senior term, unitranche, second lien, junior secured and mezzanine debt and equity co-investments supporting sponsored and non-sponsored transactions. LBC has made investments in companies located throughout North America across a wide range of industries and is committed to a long-term approach to debt investing. LBC is headquartered in Philadelphia, with offices in Chicago, New York and Los Angeles. To learn more, visit www.lbccredit.com.
*Information as of 10/30/2017; debt facilities expected to increase over time