{"id":24375,"date":"2011-08-30T08:41:39","date_gmt":"2011-08-30T12:41:39","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=24375"},"modified":"2011-08-30T08:53:07","modified_gmt":"2011-08-30T12:53:07","slug":"tennenbaum-capital-partners-announces-final-close-on-530-million-hedge-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2011\/tennenbaum-capital-partners-announces-final-close-on-530-million-hedge-fund.html","title":{"rendered":"Tennenbaum Capital Partners Announces Final Close On $530 Million Hedge Fund"},"content":{"rendered":"<div id=\"attachment_24379\" style=\"width: 220px\" class=\"wp-caption alignleft\"><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/08\/view_from_above_01-600x385.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-24379\" class=\"size-medium wp-image-24379\" title=\"LA Hedge Funds\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/08\/view_from_above_01-600x385-300x278.jpg\" alt=\"\" width=\"210\" height=\"195\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/08\/view_from_above_01-600x385-300x278.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/08\/view_from_above_01-600x385.jpg 431w\" sizes=\"auto, (max-width: 210px) 100vw, 210px\" \/><\/a><p id=\"caption-attachment-24379\" class=\"wp-caption-text\">.<\/p><\/div>\n<p>New York (HedgeCo.net) &#8211; Los Angeles-based multi-strategy hedge fund manager, Tennenbaum Capital Partners LLC., has announced the final close of the Tennenbaum Opportunities Fund VI, LLC. \u00a0With capital commitments of $530 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.<\/p>\n<p>&#8220;The successful fundraising stems from our consistent performance and from investors&#8217; confidence in our ability to execute on quality investments,&#8221; said Mark Holdsworth, Managing Partner and co-founder of TCP.  &#8220;We look forward to great opportunities over the coming months.&#8221;<\/p>\n<p>TCP invests primarily in private and public companies across a broad range of industries.  In 2009 TCP raised $454 million through its DIP Opportunity Fund, LLC, bringing its two-year fundraising total to approximately $1 billion.  Since its founding, TCP has invested approximately $10 billion in almost 200 companies where the Firm can play a meaningful role.<\/p>\n<p>&#8220;We are very pleased with the support we received from new and existing investors,&#8221; said Howard Levkowitz, Managing Partner and co-founder of TCP.  &#8220;Many of the world&#8217;s most sophisticated institutional investors have chosen to invest with us and we are excited to continue working on behalf of our investors.&#8221;<\/p>\n<p>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.<\/p>\n<p>Skadden, Arps, Slate, Meagher &amp; Flom, LLP served as Fund counsel while Greenhill &amp; Co., LLC served as the Fund&#8217;s exclusive global placement agent.<\/p>\n<p>Editing by Alex Akesson<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) &#8211; Los Angeles-based multi-strategy hedge fund manager, Tennenbaum Capital Partners LLC., has announced the final close of the Tennenbaum Opportunities Fund VI, LLC. \u00a0With capital commitments of $530 million from new and existing limited partners, the fund [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,3],"tags":[],"class_list":["post-24375","post","type-post","status-publish","format-standard","hentry","category-closing-hedge-funds","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=24375"}],"version-history":[{"count":8,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24375\/revisions"}],"predecessor-version":[{"id":24377,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/24375\/revisions\/24377"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=24375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=24375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=24375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}