Tuesday, 4 August 2015
Last updated 16 hours ago
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."
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…