Monday, 25 May 2015
Last updated 2 days 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."
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…