Tennenbaum Closes Credit Fund With $530M

Aug 31 2011 | 1:18pm ET

Hedge fund Tennenbaum Capital Partners has held a final close of its sixth fund with $530 million in commitments.

The multi-strategy credit opportunities specialist said the new Tennenbaum Opportunities Fund VI will focus on discount and debt-for-control-oriented opportunities. In addition, the fund will seek out more complex, directly-originated financings.

Among the investors in the new vehicle are pension funds, insurance companies, foundations and endowments, family offices and high-net worth investors. Greenhill & Co. acted as placement agent for the fund.

"The successful fundraising stems from our consistent performance and from investors' confidence in our ability to execute on quality investments," Mark Holdsworth, co-founder of the Los Angeles-based firm, said. "We look forward to great opportunities over the coming months."


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of