WEST PALM BEACH, FL (HedgeCo.Net) – US Tennenbaum Capital Partners has closed its latest hedge fund to new investors. According to the firm, the Special Value Opportunities Fund has closed with US$2billion of commitments from investors. The fund is dedicated to Special Situations Opportunities, arising in the public and private sectors, including distressed bonds and bank debt.<\/p>\n
Tennenbaum Partners and Babson Capital Management will jointly manage the new fund. Investors in the strategy include private foundations and family offices, corporate pension funds, and insurance establishments.<\/p>\n
In a statement, Michael Tennenbaum founder and senior managing partner at Tennenbaum Capital Partners said, \u00c3\u00af\u00c2\u00bf\u00c2\u00bdSpecial situations provide a perfect opportunity for us to leverage our distinctive investment and operational expertise,\u00c3\u00af\u00c2\u00bf\u00c2\u00bd adding, \u00c3\u00af\u00c2\u00bf\u00c2\u00bdThe 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.\u00c3\u00af\u00c2\u00bf\u00c2\u00bd<\/p>\n
Tennenbaum Capital Partners was founded in 1996; the firm focuses on healthcare and energy sectors, overseeing over US$3.5billion in total investor assets.<\/p>\n
Paul Oranika
Editor-in-Chief
HedgeCo.Net
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