Financing solutions provider LBC Credit Partners hired Jeffrey Blumin as managing director in its New York office.
Blumin will be primarily responsible for originating, structuring and executing new debt investments for LBC. He has close to 20 years of leveraged lending and corporate finance experience and possesses considerable transaction expertise, having led nearly $25 billion in investments and deals for middle-market firms, such as asset-based loans; senior and junior cash flow loans; high yield and mezzanine securities; and preferred and common stock.
Before LBC, the new hire spent three years at Marathon Asset Management, where he established the credit origination business focused on the middle-market private equity community.
Prior to his stint at Marathon, he spent 14 years at JPMorgan Chase, where his responsibilities included the origination and execution of public and private debt and equity financings, and merger and acquisition advisory services, primarily focusing on leveraged acquisitions and recapitalization deals for middle market and private equity firms.
"We're delighted to have Jeff join us. He adds depth to our team and augments our presence in the Northeast," said John Brignola, a founding partner at LBC. "With over a $1 billion of long-term capital to invest, Jeff will be instrumental in helping LBC deploy the capital in middle market transactions."
LBC Credit Partners provides middle market financing solutions such as senior term, unitranche, second lien, junior secured, and mezzanine debt; and equity co-investments to firms that have EBITDA generally exceeding $10 million.