Karyn L. Williams Named Independent Director of BlackRock TCP Capital Corp. BlackRock TCP Capital Corp. (NASDAQ: TCPC) (the "Company") announced today that BlackRock, Inc. (NYSE: BLK) (" BlackRock ") has completed the acquisition of Tennenbaum Capital Partners, LLC ("TCP"), advisor to BlackRock TCP Capital Corp. BlackRock had an existing special situations fund in the US, run by David Trucano, a dynamic that spurred internal conflict, the person added. Last year Decarbonization Partners invested in Monolith, aclean hydrogen and materials company, as part of a $300 million round of funding alongside TPG Rise Climate and other investors. The acquisition augments BlackRock's position as a leading global credit asset manager and advances its goal of providing clients with a diverse range of clients are increasingly turning to private credit as a higher-yielding origination network, and a premium and expanded set of private credit TCPC's investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. new colleagues and leveraging BlackRocks unparalleled resources to TCP brings significant experience in middle market performing credit and special situations investing with seasoned investment talent and a strong long-term track record to the BlackRock global credit platform. BlackRock.. TCP brings significant experience in middle market performing credit and TCPC lends primarily to companies with established market positions, strong regional or national operations, differentiated products and services and sustainable competitive advantages, investing across industries in which it has significant knowledge and expertise. Giordano reports to Anne Valentine Andrews. NEW YORK (Reuters) - BlackRock Inc BLK.N, the world's largest asset manager, on Tuesday said it will buy investment manager Tennenbaum Capital Partners LLC . Raj Vig - Biographies | BlackRock They could get taken away and hired by another company that wants to enter the space," Sondhelm said. business development company. Metrica Srl:Acquisition,Acquisition Analysis & Reports - Discovery | Blog: www.blackrockblog.com Indeed, the string of exits and tensions within the private credit business grew so untenable that BlackRock president and cofounder Rob Kapito stepped in to try to smooth over frustrations in the group and stem the outflow of talent, said four former BlackRock employees, who spoke to Insider under the condition of anonymity. Edmentum (edmentum.com), a global education leader and a pioneer in online teaching and learning solutions, has raised $25 million in incremental financing from New Mountain Finance Corporation and Tennenbaum Capital Partners.The financing will allow the extension of the company's debt maturity and comes at a time of escalating growth, perpetuated by well-performing Edmentum programs under .
tennenbaum capital partners acquired by blackrock