J.F. Lehman & Company Successfully Closes Continuation Vehicle for New Investment Fund
On April 30, 2025, J.F. Lehman & Company (JFLCO) proudly announced the closure of a continuation vehicle intended for JFL Credit Opportunities I, L.P. (Credit Fund I). This significant financial move includes a portfolio of credit holdings previously managed by JFL Equity Investor VI, L.P. and its affiliates (Fund VI), focusing on high-quality middle-market companies in sectors such as aerospace, defense, and government.
This significant transaction was strategically supported by Pantheon, a well-regarded global investor in private markets, which served as the leading investor. The StepStone Group also lent its support, demonstrating strong confidence in JFLCO's vision and capabilities.
Earlier in 2023, JFLCO had expanded its investment horizons into the credit sector, collaborating with credit specialists Evan Lederman and Lionel Jolivot. This partnership leverages their extensive experience and sector-focused expertise, aligning perfectly with JFLCO’s long-established private equity strategy. The firm’s credit strategy aims to capitalize on fundamental insights while providing the necessary operational expertise.
JFLCO’s credit strategy is characterized by its opportunistic approach, which encompasses syndicated credit, secondary direct lending, and navigating distressed market situations. This sophisticated investment strategy, founded on in-depth sector analysis, is expected to enhance portfolio management and investor liquidity significantly.
Alex Harman and Glenn Shor, partners at JFLCO, stated, "The integration of credit into our platform strengthens the strategic advantages for both our sector-focused strategies. We are confident that this unique combination positions us perfectly to capitalize on broader opportunities in our focus industries.”
The partnership with reputable investors such as Pantheon is viewed as a pivotal step towards growing JFLCO's credit strategy. Evan Lederman and Lionel Jolivot commented, "We are thrilled to collaborate with esteemed investors in Credit Fund I and are eager to maintain our momentum as we scale further."
Rakesh Jain, Global Head of Private Credit at Pantheon, expressed enthusiasm about the partnership. He stated, "We are proud to collaborate with JFLCO on Credit Fund I, showcasing the strategic value and partnership potential that Pantheon delivers to top-tier managers for achieving successful outcomes."
Facilitating these transactions, Jefferies LLC served as the exclusive financial advisor, while legal counsel was provided by Davis Polk & Wardwell LLP for the entirety of the transaction. Additionally, Jones Day acted as legal advisor for Pantheon, ensuring all aspects of the deal were in alignment with regulatory requirements.
Founded in 1992, J.F. Lehman & Company focuses exclusively on investment opportunities within the aerospace, defense, government, maritime, environmental, and infrastructure sectors. With over $8 billion in assets under management across its private equity and credit strategies, JFLCO operates out of its offices in New York and Washington, D.C.
This significant transaction was strategically supported by Pantheon, a well-regarded global investor in private markets, which served as the leading investor. The StepStone Group also lent its support, demonstrating strong confidence in JFLCO's vision and capabilities.
Earlier in 2023, JFLCO had expanded its investment horizons into the credit sector, collaborating with credit specialists Evan Lederman and Lionel Jolivot. This partnership leverages their extensive experience and sector-focused expertise, aligning perfectly with JFLCO’s long-established private equity strategy. The firm’s credit strategy aims to capitalize on fundamental insights while providing the necessary operational expertise.
JFLCO’s credit strategy is characterized by its opportunistic approach, which encompasses syndicated credit, secondary direct lending, and navigating distressed market situations. This sophisticated investment strategy, founded on in-depth sector analysis, is expected to enhance portfolio management and investor liquidity significantly.
Alex Harman and Glenn Shor, partners at JFLCO, stated, "The integration of credit into our platform strengthens the strategic advantages for both our sector-focused strategies. We are confident that this unique combination positions us perfectly to capitalize on broader opportunities in our focus industries.”
The partnership with reputable investors such as Pantheon is viewed as a pivotal step towards growing JFLCO's credit strategy. Evan Lederman and Lionel Jolivot commented, "We are thrilled to collaborate with esteemed investors in Credit Fund I and are eager to maintain our momentum as we scale further."
Rakesh Jain, Global Head of Private Credit at Pantheon, expressed enthusiasm about the partnership. He stated, "We are proud to collaborate with JFLCO on Credit Fund I, showcasing the strategic value and partnership potential that Pantheon delivers to top-tier managers for achieving successful outcomes."
Facilitating these transactions, Jefferies LLC served as the exclusive financial advisor, while legal counsel was provided by Davis Polk & Wardwell LLP for the entirety of the transaction. Additionally, Jones Day acted as legal advisor for Pantheon, ensuring all aspects of the deal were in alignment with regulatory requirements.
Founded in 1992, J.F. Lehman & Company focuses exclusively on investment opportunities within the aerospace, defense, government, maritime, environmental, and infrastructure sectors. With over $8 billion in assets under management across its private equity and credit strategies, JFLCO operates out of its offices in New York and Washington, D.C.
Topics Financial Services & Investing）
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