LBC CREDIT MANAGEMENT, L.P. other names

{{ Info.Overview }}
Revenue: {{ Info.Revenue | formatUSD }} Headquarters: {{ Info.Headquarters }}

Adviser Profile

As of Date:

03/29/2024

Adviser Type:

- Large advisory firm


Number of Employees:

70 -66.02%

of those in investment advisory functions:

47 -51.55%


Registration:

SEC, Approved, 3/10/2012

AUM:

3,505,220,660 2.00%

of that, discretionary:

3,486,354,210 2.01%

GAV:

2,623,033,509 -23.75%

Avg Account Size:

318,656,424 -7.27%


SMA’s:

NO

Private Funds:

6 4

Contact Info

215 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
3B 3B 2B 2B 1B 976M 488M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

LBC Credit Partners Supports the Acquisition of Northern Wholesale Supply, LLC
03/09/2021

RADNOR, Pa., March 9, 2021 /PRNewswire/ -- LBC Credit Partners ("LBC"), one of the leading providers of financing solutions to middle market companies, provided a senior secured credit facility to ...

Yahoo Finance


Private Funds Structure

Fund Type Count GAV
Private Equity Fund 5 $2,213,330,253
Securitized Asset Fund 1 $409,703,256

Similar advisers

Adviser Hedge Fund Liquidity Fund Private Equity Fund Real Estate Fund Securitized Asset Fund Venture Capital Fund Other Fund Total Private Fund GAV AUM # funds
BERNHARD CAPITAL PARTNERS MANAGEMENT, LP - - 4.4b - - - - 4.4b 4.0b 10
HEALTHCARE ROYALTY MANAGEMENT, LLC - - 6.0b - - - - 6.0b 3.5b 11
PAMLICO CAPITAL MANAGEMENT, LP - - 2.9b - - - - 2.9b 3.4b 5
JLL PARTNERS LLC - - 4.3b - - - - 4.3b 4.3b 31
BUTTERFLY EQUITY LP - - 3.6b - - - - 3.6b 4.0b 20
TWIN BRIDGE CAPITAL PARTNERS, LLC - - 3.6b - - - - 3.6b 3.7b 7
WARREN EQUITY PARTNERS MANAGER, L.P. - - 4.6b - - - - 4.6b 4.6b 35
SUMERU EQUITY PARTNERS, L.P. - - 3.5b - - - - 3.5b 3.5b 9
10TH LANE PARTNERS, LP - - 3.8b - - - - 3.8b 3.6b 25
BRIGHTON PARK CAPITAL MANAGEMENT, L.P. - - 2.5b - - - - 2.5b 3.8b 12

Private Funds



Employees




Brochure Summary

Overview

LBC Credit Management, L.P., also known as LBC Credit Partners (“LBC”), is an alternative fixed income manager primarily focused on originating and managing privately negotiated secured debt of middle market companies in North America. Effective December 29, 2021, pursuant to a Contribution Agreement dated November 11, 2021, between LBC Stock Holdings, LLC, CIFC Corp., an affiliate of CIFC Asset Management LLC (together with its affiliates, “CIFC”) and the other parties named therein, CIFC Corp. acquired LBC and several LBC- affiliated general partner entities. In accordance with the Investment Advisers Act of 1940, as amended (“Advisers Act”), LBC obtained consents from the LBC Funds’ investors in relation to the change of control of the adviser. Subsequent to the acquisition, John Brignola and Nate Cohen, who are co-founders and managing partners of LBC, remain in their current management positions with LBC. The LBC investment team consists of over 40 investment professionals with extensive experience in structuring, underwriting, and managing loans. LBC provides investment services to privately offered pooled investment vehicles for multiple or singular institutional investor(s), related parallel funds, co- investment vehicles, feeder funds, and alternative investment vehicles (each a “Fund” and, collectively known as, the “Funds” or “LBC Funds”). None of the Funds have been registered under the Securities Act of 1933 (the “Securities Act”), as amended, the Investment Company Act of 1940, as amended (the “1940 Act”), or the securities laws of any state or other jurisdiction. Each Fund conducts a “private offering” and is intended for investment by “accredited investors” and “qualified clients” as those terms are defined under the Securities Act and the Advisers Act, respectively. Each Fund’s investment objective includes seeking to maximize current returns while preserving investor capital by providing a certain level of returns, net of fees and expenses, as described in detail in each Fund’s private placement memorandum, supplements,
partnership agreements, management and advisory agreements, and any other applicable agreements provided to Fund investors (collectively, the “Governing Documents”). Generally, LBC utilizes a similar strategy for all Funds and tailors its advisory services to the specific needs of each Fund as described in the Fund’s Governing Documents. An investment advice is provided directly to the respective Funds and not individually to investors. Any investment restrictions are imposed in the Governing Documents for the Funds. These terms may limit LBC’s ability to invest in certain securities or geographies, sectors, concentration limits or use of leverage, among others. LBC and the Funds have entered (and will in the future enter) into agreements, or “side letters,” with investors, whereby such investors may be subject to terms and conditions that vary from, and may be more favorable than, those applicable to other investors. Any such terms and conditions may include, but are not limited to, (i) reporting obligations, (ii) transfers to affiliates, (iii) investment restrictions, (iv) consent rights to certain Governing Document amendments, or (v) representation on a Fund’s limited partner advisory committee (or equivalent thereof). Co-investment, feeder and parallel single investor vehicles are established from time to time to participate alongside the relevant Fund in certain investment opportunities, in accordance with any applicable restrictions in the relevant Funds’ Governing Documents. The allocation procedures for new investments, co-investments and syndications are further discussed in Items 8, 10 and 12. References herein to LBC include, unless the context requires or as disclosed in Item 10 herein, certain entities controlled by LBC for which LBC will provide investment management services. As of December 31, 2022, the LBC Funds’ regulatory assets under management were approximately $ 3,436,415,191, which consist of $ 3,417,691,778 of client assets managed on a discretionary basis and $ 18,723,413 of client assets managed on a non-discretionary basis.