Lubert raises $839M for investment

Ira Lubert. (Clem Murray / Staff Photographer)

LBC Credit Partners, a unit of Ira Lubert's investment empire, said it closed its third fund with $839 million of equity capital commitments.

LBC's previous funds closed with $642 million in 2010 and $300 million in 2006.

The Philadelphia-based investment fund invests in and makes loans to mid-sized companies in a wide range of industries. - Harold Brubaker