Multi strategy alternative investment firm Tennenbaum Capital Partners has closed Tennenbaum Opportunities Fund VI, LLC with capital commitments of USD530 million from new and existing limited partners. The Fund will focus on discounted and debt-for-control oriented market opportunities as well as complex, directly-originated financings.
TCP invests primarily in private and public companies across a broad range of industries. In 2009 TCP raised USD454 million through its DIP Opportunity Fund, LLC, bringing its two-year fundraising total to approximately USD1 billion. Since its founding, TCP has invested approximately USD10 billion in almost 200 companies where the Firm can play a meaningful role.
"We are very pleased with the support we received from new and existing investors," says Howard Levkowitz, Managing Partner and co-founder of TCP. "Many of the world’s most sophisticated institutional investors have chosen to invest with us and we are excited to continue working on behalf of our investors."
Limited partners in the Fund include both public and corporate pension funds, insurance companies, other financial institutions, foundations, endowments, family offices and high net worth individuals.
Skadden, Arps, Slate, Meagher & Flom, LLP served as Fund counsel while Greenhill & Co., LLC served as the Fund’s exclusive global placement agent.
