This week we chat with John Brignola, managing partner, LBC Credit Partners. LBC is a leading provider of middle market financing solutions supporting sponsored and non-sponsored transactions. LBC has over $1.75 billion of capital commitments and has made over $3.2 billion in investments in a wide range of industries located throughout North America.
The Lead Left: John, thank you and Fridolf Hanson for setting this up. How would you characterize LBC as a lender?
John Brignola: From the beginning, we decided not to be pigeon-holed into being simply a senior or mezzanine debt provider. We play from the top to the bottom of the capital structure. Our investors like the flexibility and the overall blended return.
TLL: That’s interesting because the perception is that you’ve mostly been a mezz player.
JB: Over the past ten years we’ve allocated capital over different tranches. In today’s market there are more senior opportunities, given the regulatory pressure on banks.