Levine Leichtman Capital Partners (LLCP), a Los Angeles based private equity firm, has appointed Lee Stern as a managing director and dedicated member of the credit strategies investment team.
Stern joins LLCP from Kohlberg, Kravis & Roberts (KKR), where he was a founding member of KKR’s private mezzanine fund.
He will be based in LLCP’s New York office and brings over 30 years of investment banking, private equity and leveraged finance experience to the team.
"Lee has successfully invested in numerous middle market transactions throughout the past several decades," says Arthur Levine, LLCP’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, 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, Stern was a founding member and the chief transaction officer of TICC Capital, a publicly traded BDC, where he managed a six person investment team. Stern has previously held managing director positions at Nomura Merchant Banking, Kidder Peabody and Drexel Burnham Lambert.
