PRINT THIS PAGE US Tennenbaum Capital Partners closes $2bn fund15/09/2004. Source: AltAssets. 
 US Tennenbaum Capital Partners has closed its fourth fund, the Special Value Opportunities Fund, with $2bn of commitments. The fund will invest in long-term special situations opportunities in a range of industries in both the public and private sector, including bank debt, mezzanine securities and distressed bonds.
'Special situations provide a perfect opportunity for us to leverage our distinctive investment and operational expertise,' said Tennenbaum Capital Partners founder and senior managing partner Michael Tennenbaum. 'The ten year capital commitments we have for this fund will allow us to invest for the long term, working closely with the management teams and boards of directors of our portfolio companies to create value.'
Investors in the fund include corporate pension funds, insurance companies, private foundations and family offices. The fund will be co-managed by Babson Capital Management.
Tennenbaum Capital Partners is a private investment firm and was founded in 1996. The firm currently manages more than $3.5bn across four funds. Tennenbaum focuses on middle-market investments in a variety of sectors with a particular emphasis on healthcare, energy and aerospace.
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