JB Capital, an alternative credit manager investing in areas of the market underserved by traditional banks, announced the launch of its Merchant Banking Income Fund II (MBIF II), a second iteration of the firm’s flagship fund.

“Our flagship MBIF fund was met with incredible response and was oversubscribed,” said Jeremy Hill, Founder of JB Capital. “The continued growth in private credit and the need from investors for alternative fixed income solutions dictates the need for an additional offering.”

MBIF II will provide creative capital solutions to growing technology, healthcare, professional services, and specialty consumer businesses. The fund will make non-control credit investments in select companies with strong business models and compelling value propositions led by experienced management teams.

“The demand is overwhelming and coming from both sides of the equation,” said Hill. “Investor demand for private credit continues to be strong. Borrower demand is significant from those in the lower middle market who continue to be underserved by traditional banks and larger asset managers with too much money to give this area of the market the attention it deserves.”

The Fund continues JB Capital’s commitment to providing its investors with a high yielding debt investment and short-to-mid-term capital appreciation with low correlation to traditional markets.