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LBC Credit announces closing of new fund

Wednesday, February 3, 2010

Philadelphia-based mid market lending specialist LBC Credit Partners has announced that it has closed a new fund. LBC Credit Partners II, a limited partnership, has $645 million of committed capital. It will follow a similar strategy as the company’s existing $300 million fund, investing in a variety of instruments issued by smaller companies in sizes of $10 million to $50 million.