LBC Credit Partners (“LBC”) announced the promotion of Homyar Choksi to Deputy Chief Investment Officer. Based in LBC’s Radnor, Pennsylvania headquarters, Mr. Choksi will continue to serve on the firm’s Investment Committee and lead the originations team while assuming additional investment responsibilities.
“Homyar is an incredibly experienced, thoughtful, and creative investment professional who has deep relationships within the private equity and direct lending communities,” said John Brignola, Senior Managing Partner of LBC. “His well-deserved promotion speaks to his contributions to LBC’s platform and growth as well as our commitment to developing and elevating talent from within the firm. Looking ahead, we believe LBC is exceptionally well positioned for continued success as part of CIFC’s global alternative multi-strategy credit platform.”
“Throughout my 17-year tenure at LBC, I have had the privilege of partnering with very talented colleagues, private equity professionals, company executives, and investors,” said Mr. Choksi. “We see very good investment opportunities for our strategy in the current interest rate environment, and I look forward to continuing to work closely alongside John and the rest of our experienced team to provide bespoke direct lending solutions that meet the needs of our borrowers while delivering attractive returns to our investors.”
Choksi has three decades of experience in middle market leveraged lending transactions, including both senior and junior debt and preferred and common equity, across a wide range of industries. Prior to joining LBC in 2007, he served as a Managing Director at GE Capital Corporate Lending, where he led the Financial Intermediaries Group in New York. Choksi started his career in 1991 with GE Capital Corporate Audit Group. Choksi holds an M.S. in Finance from Purdue University and a Bachelor of Commerce in Accounting and Economics from the University of Bombay, H.R. College.
Choksi’s appointment follows an active start to 2024 for LBC as the firm continues to execute on a robust deal pipeline across sectors. In recent weeks, LBC provided a senior secured credit facility to support Ambient Enterprises’ refinancing of its existing debt facility and ongoing growth initiatives as well as provided debt financing to support Legacy Partners’ merger with Southern Roofing and Renovations.