LBC Small Cap Closes First SBIC Fund at $139 Million and Expands Team
May 09, 2019
Small Cap fund announcements
Small Cap team updates
Philadelphia, PA, May 9, 2019 - LBC Small Cap Management, L.P. ("LBC Small Cap"), an affiliate of LBC Credit Partners, today announced the closing of its first fund, LBC Small Cap SBIC, L.P., at $139 million.
Don Rice, Partner at LBC Small Cap, said, “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 announced the addition of Kyle Peters to the investment team as a Vice President. He 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.
About LBC Small Cap
LBC Small Cap is focused 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 - $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.
About LBC Credit Partners
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. With over $3 billion in capital commitments, we have provided in excess of $5.8 billion to over 216 issuers throughout our 14-year history.* LBC is headquartered in the Philadelphia area and has offices in Chicago, Los Angeles and New York.
To learn more, visit www.lbccredit.com.
*Information as of December 31, 2018.
The Small Cap strategy, as well as any funds and investments related thereto, is managed by a licensed fund manager in the SBIC Program under the U.S. Small Business Administration, LBC Small Cap Management, L.P., which while owned by certain senior executives of LBC Credit Management, L.P. (“LBC Credit”), is separate and distinct from LBC Credit. For additional information, please contact [email protected]. With respect to LBC Credit Partners VI Feeder LP that are offered in Japan, LBC Credit Funding VI LP will provide to any member of the Japanese public a copy of such documents as are required to be made publicly available pursuant to Article 63 of the Financial Instruments and Exchange Act of Japan. Please contact [email protected] to request such documents.