Family Legacy Capital Management LLC, a private investment manager for family offices has launched FLC Credit Partners, a private credit fund manager. Headquartered in New York, the investment team is led by executives Peter Eschmann, Matthew Hart and Jay Rogers. Inspired by what many businesses experienced during the Covid-19 crisis, FLC Credit Partners provides financing solutions to capital-constrained, lower middle market companies in North America.
FLC Credit Partners makes both primary and secondary opportunistic private credit investments, with an emphasis on secured loans, but also selected mezzanine and structured equity solutions. The group targets $10 million to $100 million transactions to fund re-financings, leveraged buyouts, add-on acquisitions, recapitalizations, growth/working capital, “rescue” capital, DIP loans and exit finance.
“With our limited partner base comprised entirely of leading families who are willing to share their intellectual, relational and financial Capital, we are more closely aligned to family- and entrepreneur-owned businesses,” said Hendrik Jordaan, chairman and co-founder of FLC. “It provides us with a unique ability to better serve these potentially stressed, complex or misunderstood business, often in out-of-favor industries. We are incredibly excited for Peter, Matt and Jay to join the Family Legacy Capital platform and know that their deep expertise positions us well to deliver desired outcomes to our investors.”
FLC is affiliated with the private investment manager for One Thousand & One Voices, a private equity fund whose family-only limited partners invest in sub-Saharan Africa. 1K1V’s portfolio companies have exported over $60 million of product from Africa to over 30 countries. Similar to FLC Credit Partners, 1K1V’s limited partners are comprised solely of family offices.
For more on family offices, see Family Offices, Independent Sponsors Get Creative in Chasing Deals.