LBC Credit Partners Raises $645 Million for Fund II Surpassing $400 Million Target

PHILADELPHIA, Feb. 1 /PRNewswire/ -- LBC Credit Partners, a leading provider of financing solutions to middle market companies, today announced the closing of LBC Credit Partners II, L.P., with $645 million of committed capital.  

LBC II, a $645 million fund, follows the firm's successful $300 million fund I, established in 2005.  LBC was supported by its existing investor base and was able to secure additional support from several new institutional 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 to companies with EBITDA generally greater than $10 million.  LBC follows a long-term approach to investing adhering to a "lend and hold" strategy and typically invests $10 million to $50 million per transaction supporting acquisitions, growth strategies, refinancings, recapitalizations, and restructurings.  LBC has more than $1 billion of capital under management and has made investments in a wide range of industries located throughout North America.  For additional information please visit www.lbccredit.com or contact John Brignola at 215-972-8901.

SOURCE LBC Credit Partners

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