Update On LBC
Anyone have any updated views on LBC Credit in Philly? Good shop or trash?
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Curious also. Last i heard they paid super low comp (like 140k all in for associate) . Also any info on other Philly shops would be great
Damn, that's super low. Who would take that offer?
retention issues in small business lending team, can’t raise a new fund, and partners have dipped out and sold their stakes to CIFC which isn’t using their IR tools to help them.
They pay significantly lower than market, and that’s because Philly is Cheap. LLR does the same thing, but still don’t agree with that practice.
By small business lending, do you mean lbc small cap? Or their middle market team?
Small cap yes.
Do want to caveat that they’re great people tho
And what do you mean not using their IR tools to help. You mean not making introductions?
Where did you you hear they can't raise a new fund?
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Bump
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