Tennenbaum Capital Partners, LLC, a Los Angeles based-multi-strategy alternative investment firm focused primarily on credit opportunities, has held the final close of Tennenbaum Opportunities Fund VI, LLC at $530m.
The fund will focus on discounted and debt-for-control oriented market opportunities as well as complex, directly-originated financings. Led by Mark Holdsworth and Howard Levkowitz, Managing Partners and co-founders, TCP invests primarily in private and public companies across a broad range of industries.
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.