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

November 14, 2017, 08:00 AM
Filed Under: Industry News

LBC Small Cap SBIC, L.P., an affiliate of LBC Credit Partners, 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.

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