Sunday, 21 December 2014
Last updated 1 day 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."
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.