Levine Leichtman Capital Partners has hired Lee Stern as a new Managing Director and member of the credit strategies investment team. Mr. Stern joins Levine Leichtman from Kohlberg, Kravis & Roberts, where he was a founding member of KKR’s private mezzanine fund. Mr. Stern will be based in Levine Leichtman’s New York office and brings over 30 years of investment banking, private equity and leveraged finance experience to the firm.
“Lee has successfully invested in numerous middle market transactions throughout the past several decades,” said Arthur Levine, Levine Leichtman’s co-founder. “His expertise and leadership will be an asset to our firm and instrumental in our effort to expand our product offerings in the middle markets. We are delighted to welcome Lee to our team.”
Prior to joining KKR, Mr. Stern was a Managing Director at Blackstone/GSO Capital Partners where he was responsible for the origination, execution and monitoring of private debt transactions including senior and mezzanine investments, and equity co-investments. Prior to Blackstone/GSO, Mr. Stern was a founding member and the Chief Transaction Officer of TICC Capital Corp, a publicly traded BDC, where he managed a six person investment team. Mr. Stern has previously held Managing Director positions at Nomura Merchant Banking; Kidder, Peabody & Co.; and Drexel Burnham Lambert. Mr. Stern received a BA degree from Middlebury College and an MBA from the Wharton School of the University of Pennsylvania.
Levine Leichtman Capital Partners manages approximately $5 billion of capital through private equity partnerships, distressed debt and leveraged loan funds. The firm is currently making new investments through Levine Leichtman Capital Partners IV; Levine Leichtman Capital Partners Deep Value Fund; and Levine Leichtman Capital Partners SBIC Fund. The firm is based in Los Angeles with offices in Chicago, Dallas, New York and London (www.llcp.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 10-4-12
