other names
{{ Info.Overview }}
Revenue {{ Info.Revenue | formatUSD }}
Headquarters {{ Info.Headquarters }}

Adviser Profile

As of Date 05/02/2024
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%
Private Fund 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

- Pooled investment vehicles
- State or municipal government entities

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

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

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count5 GAV$2,213,330,253
Fund TypeSecuritized Asset Fund Count1 GAV$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
Adviser BERNHARD CAPITAL PARTNERS MANAGEMENT, LP Hedge Fund- Liquidity Fund- Private Equity Fund4.4b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV4.4b AUM4.0b #Funds10
Adviser HEALTHCARE ROYALTY MANAGEMENT, LLC Hedge Fund- Liquidity Fund- Private Equity Fund6.0b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV6.0b AUM3.5b #Funds11
Adviser PAMLICO CAPITAL Hedge Fund- Liquidity Fund- Private Equity Fund2.9b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV2.9b AUM3.4b #Funds5
Adviser JLL PARTNERS LLC Hedge Fund- Liquidity Fund- Private Equity Fund4.3b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV4.3b AUM4.3b #Funds31
Adviser BUTTERFLY EQUITY LP Hedge Fund- Liquidity Fund- Private Equity Fund3.6b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV3.6b AUM4.0b #Funds20
Adviser TWIN BRIDGE CAPITAL PARTNERS, LLC Hedge Fund- Liquidity Fund- Private Equity Fund3.6b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV3.6b AUM3.8b #Funds7
Adviser WARREN EQUITY PARTNERS MANAGER, L.P. Hedge Fund- Liquidity Fund- Private Equity Fund4.6b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV4.6b AUM4.6b #Funds35
Adviser SUMERU EQUITY PARTNERS Hedge Fund- Liquidity Fund- Private Equity Fund3.5b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV3.5b AUM3.5b #Funds9
Adviser 10TH LANE PARTNERS, LP Hedge Fund- Liquidity Fund- Private Equity Fund3.8b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV3.8b AUM3.6b #Funds25
Adviser BRIGHTON PARK CAPITAL Hedge Fund- Liquidity Fund- Private Equity Fund2.5b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV2.5b AUM3.8b #Funds12

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 (both commingled funds and fund-of-one separately managed accounts), related parallel funds, co-investment vehicles, feeder funds, alternative investment vehicles, and to collateralized loan obligations, securitized asset pools that invest principally in middle market loans (“CLOs”) (each referred herein as a “Fund” or, collectively, the “Funds” or “LBC Funds” or “clients”). 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 client’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 client’s private
placement memorandum, supplements, partnership agreements, management and advisory agreements, or any other applicable agreements provided to end-investors (collectively, the “Governing Documents”). Generally, LBC utilizes a similar strategy for all clients and tailors its advisory services to the specific needs of each client as described in the relevant Governing Documents. An investment advice is provided directly to the respective client and not individually to investors. Any investment restrictions are imposed in the Governing Documents for the clients. 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 investment 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, 2023, the LBC Funds’ regulatory assets under management were approximately $3,505,220,660, which consist of $3,486,354,210 of client assets managed on a discretionary basis and $18,866,450 of client assets managed on a non-discretionary basis. Additional information about the Advisers is available at www.lbccredit.com.