LBC Credit Management, now part of CIFC Asset Management, focuses on originating and managing secured debt for middle market companies. LBC primarily advises funds, collateralized loan obligations (CLOs), and separately managed accounts, investing in corporate credit and direct lending assets. LBC's investment approach includes assessing fundamental credit, capital structure, collateral protection, and market conditions. LBC does not provide financial planning services.
Fee Structure
LBC Credit Management is compensated through asset-based management fees and performance-based compensation (carried interest). The management fees are a percentage (up to 1.50%) of assets, but the calculation is complex and varies depending on the specific fund. Fees may be negotiated for certain investors. LBC may also receive incentive fees from certain funds. LBC may allocate compensation received for syndicating a new or existing transaction, including but not limited to, syndication fees, agency fees, arranger fees and skim fees and other similar fees, pro rata based on the size of each Fund’s commitment to the portfolio investment relative to the aggregate commitments of all participants in the transaction (i.e., the global commitment).