Thursday, 25 August 2016
Last updated 14 hours ago
Nov 18 2010 | 7:51am ET
Lee R. Landrum will become managing director of California-based Tennenbaum Capital partners (TCP), a distressed credit private investment firm.
Prior to accepting the TCP post, Landrum spent over three years as principal with The Carlyle Group’s Global Credit Alternatives team. Before this, he served as managing director with Babson Capital Management. Landrum's extensive middle-market investment expertise includes experience with distressed investments, leveraged buyouts, direct mezzanine and equity investments and fund investing.
“TCP's leading combination of investment expertise and restructuring experience was an irresistible opportunity," said Landrum. "I look forward to hitting the ground running and to helping TCP build on its already impressive history."
Tennenbaum Capital Partners is a Los Angeles based, multi-strategy alternative investment management firm focused primarily on distressed credit. Since the firm's founding in 1996, TCP has invested more than $8.6 billion in over 170 portfolio companies through its Opportunity Funds, in addition to investments by specialty funds focused on debtor-in-possession and public market strategies.