LBC Small Cap SBIC, L.P. Receives its First SBIC Fund License

Nov 14, 2017
Small Cap fund announcements

Philadelphia, PA, November 14, 2017 - LBC Small Cap SBIC, L.P. ("LBC Small Cap"), an affiliate of LBC Credit Partners ("LBC"), has received its first SBIC Fund License through the U.S. Small Business Administration.

LBC Small Cap will originate, execute and manage senior secured, junior debt, structured equity, and equity co-investments in U.S. lower middle market companies with EBITDA between $2 million and $5 million.

"We are excited to launch this new investment strategy which focuses on the lower middle market," said Managing Partner John Brignola. "We believe this strategy is accretive to our franchise and allows us to support smaller businesses and further address the needs of the market and our relationships." 

LBC Small Cap will be headed by industry veterans Don K. Rice and Leviathan D. Winn, and will be augmented by LBC, a leading provider of middle market financing solutions. The LBC Small Cap team will invest in lower middle market businesses, and will look to deploy between $4 million and $15 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 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 over $4.8 billion in investments to over 198 issuers throughout North America across a wide range of industries. LBC is committed to a long-term approach to debt investing with over $3 billion of committed capital. LBC is headquartered in Philadelphia, with offices in Chicago, New York and Los Angeles. To learn more visit www.lbccredit.com. 

(November 2017)

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.