Successful Expansion of J.F. Lehman & Company’s Credit Strategy
J.F. Lehman & Company, an esteemed alternative asset manager renowned for its focus on aerospace, defense, government, maritime, environmental, and infrastructure sectors, has recently announced an exciting update. The firm has successfully closed a continuation vehicle for JFL Credit Opportunities I, L.P. The assets under management for this Credit Fund now incorporate not only new capital commitments but also the former portfolio of credit positions from JFL Equity Investor VI, L.P. and its associated entities.
Strategic Partnerships Enhance Investment Capabilities
Earlier in 2023, J.F. Lehman & Company expanded its investment capabilities in the credit domain by collaborating with experienced professionals Evan Lederman and Lionel Jolivot. Their extensive backgrounds and sector-focused expertise complement J.F. Lehman & Company’s existing private equity strategy. This strategic partnership has fostered the development of a new credit strategy, which is grounded in thorough market insights and robust operating expertise.
Opportunistic Credit Strategy
The credit strategy put forth by J.F. Lehman & Company is opportunistic, covering various lending areas, including syndicated credit, secondary direct lending, and even distressed situations across its core industries. This new venture allows the credit team to scale the platform effectively, driving value from the existing portfolio while providing essential liquidity to its investors.
Focused Leadership's Vision
According to partners Alex Harman and Glenn Shor, “The integration of credit into the J.F. Lehman platform has strengthened our belief in the strategic benefits it brings to our sector-focused strategies. We are confident that this powerful combination places us in an advantageous position to capitalize on broader opportunities within our target industries.”
Partnerships with Established Investors
J.F. Lehman & Company expresses gratitude towards its highly regarded investors involved in Credit Fund I. Credit partners Lederman and Jolivot remarked, “We are excited to partner with such esteemed investors and eager to maintain our momentum as we expand our credit strategy.” Rakesh Jain, the Global Head of Private Credit at Pantheon, also endorsed the partnership, stating, “Working alongside J.F. Lehman on Credit Fund I exemplifies the strategic value that Pantheon strives to deliver to top-tier managers for successful outcomes.”
Concluding Legal Support in Transactions
In this significant transaction, Jefferies LLC played a crucial role as the exclusive financial advisor, while Davis Polk & Wardwell LLP provided legal assistance. Additionally, the legal advisor to Pantheon was Jones Day.
About J.F. Lehman & Company
Founded in 1992, J.F. Lehman & Company specializes exclusively in sectors such as aerospace, defense, government, maritime, environmental, and infrastructure. The firm manages an impressive portfolio, with over $8 billion in assets under management across its private equity and credit strategies, operating out of key locations such as New York and Washington, D.C.
Frequently Asked Questions
What sectors does J.F. Lehman & Company focus on?
J.F. Lehman & Company exclusively invests in aerospace, defense, government, maritime, environmental, and infrastructure sectors.
What expansion has J.F. Lehman & Company implemented recently?
The firm has successfully closed a continuation vehicle for JFL Credit Opportunities I, enhancing its investment capabilities into credit.
Who are the key partners involved in J.F. Lehman’s credit team?
Evan Lederman and Lionel Jolivot are significant partners in J.F. Lehman & Company's credit strategy, bringing complementary expertise.
What is the nature of the credit strategy mentioned?
The credit strategy is opportunistic, involving various areas such as syndicated credit and secondary direct lending across core industries.
How has J.F. Lehman & Company positioned itself for future opportunities?
The integration of credit into its existing strategies is aimed at enhancing the firm's ability to capture broader market opportunities.
