Tennenbaum Capital Partners has closed its opportunities fund with a capital commitment of $530 million from new and existing limited partners. The Tennenbaum Opportunities Fund VI will focus on discounted and debt-for-control-oriented market opportunities as well as complex, directly originated financings.
Public and corporate pension funds, insurance companies, other financial institutions, foundations, endowments, family offices and high net worth individuals are limited partners in the fund. Skadden, Arps, Slate, Meagher & Flom served as the portfolio counsel and Greenhill & Company served as its exclusive global placement agent.
Click here for the release from PR Newswire.