# LBC Credit Partners

> LBC Credit Partners is an SEC-registered investment advisory firm in Radnor, PA, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 1, 2026.

- CRD: 157628
- Filed as: LBC CREDIT PARTNERS
- Legal name: LBC Credit Management, L.P.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Radnor, PA
- Filing period: October 2026
- Form ADV filing dated: May 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/157628
- AdvisorCensus page: https://advisorcensus.com/firm/lbc-credit-partners-radnor-pa-157628

## Quick answers

**How is LBC Credit Partners compensated?**
On its Form ADV (Item 5.E, October 2026), LBC Credit Partners reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is LBC Credit Partners located?**
LBC Credit Partners' principal office is in Radnor, PA, according to its Form ADV; the June 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is LBC Credit Partners registered with the SEC or a state?**
LBC Credit Partners is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 157628.

**How much does LBC Credit Partners manage?**
LBC Credit Partners reports $3,235,330,687 in regulatory assets under management in its Form ADV filing dated May 1, 2026 (98% discretionary).

**How have LBC Credit Partners' assets and staff changed since 2021?**
In the Form ADV data for LBC Credit Partners: Regulatory assets under management: $3,336,570,408 in the October 2021 data and $3,235,330,687 in the October 2026 data, down 3%. Total employees: 65 in October 2021 and 200 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does LBC Credit Partners serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (11); state or municipal government entities (including government pension plans) (5).

**Which custodians does LBC Credit Partners use?**
LBC Credit Partners' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Computershare Trust Company, N.A. as a custodian holding 10% or more of its separately managed account assets.

**Does LBC Credit Partners report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/157628

**What changed in LBC Credit Partners' recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 102 to 89. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Computershare Trust Company, N.A.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $3,235,330,687
- Discretionary: $3,160,046,689
- Non-discretionary: $75,283,998

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 11 | $2,108,987,108 |
| State or municipal government entities (including government pension plans) | 5 | $1,126,343,579 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2012 (14 years)
- Employees: 200 total, 89 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, GA, IL, NY, OH, PA, SC
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- London
- Miami, FL
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- cifc.com
- LinkedIn @CIFC
- LinkedIn @LBC-CREDIT-PARTNERS

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,336,570,408 | 65 | April 9, 2021 |
| October 2022 | $3,323,196,024 | 61 | August 18, 2022 |
| October 2023 | $3,436,415,191 | 206 | May 16, 2023 |
| October 2024 | $3,505,220,660 | 70 | May 2, 2024 |
| October 2025 | $3,256,085,173 | 218 | May 8, 2025 |
| October 2026 | $3,235,330,687 | 200 | May 1, 2026 |

Regulatory assets under management: $3,336,570,408 in the October 2021 data and $3,235,330,687 in the October 2026 data, down 3%.
Total employees: 65 in October 2021 and 200 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 102 to 89.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. LBC Credit Partners (CRD 157628): Form ADV filing data as of October 2026.