Tennenbaum Capital Partners Brings New Managing Director Aboard

Tennenbaum Capital Partners, an L.A. based firm that focuses mostly on distressed credit, has hired Lee Landrum as a managing director. Landrum has worked for the Carlyle Group and Babson Capital Management previously.

PRESS RELEASE:

Tennenbaum Capital Partners, LLC (“TCP”), a leading distressed credit private investment firm, today announced that Lee R. Landrum has joined the firm as Managing Director.

“We’re very pleased to welcome Lee to the team,” said Mark Holdsworth, Managing Partner and one of TCP’s founders. “He comes to us with a deep background in middle-market investing and will be an invaluable asset to Tennenbaum Capital Partners. In addition to his strong investment track-record, he is deeply familiar with the institutional-investor landscape and will help lead our efforts as we prepare for the next wave of distressed debt investing opportunities.”

Mr. Landrum’s extensive middle-market investment expertise includes experience with distressed investments, leveraged buyouts, direct mezzanine and equity investments, and fund investing. Mr. Landrum spent over three years as a Principal with the Global Credit Alternatives team at The Carlyle Group. Previously, he was Managing Director with Babson Capital Management LLC as part of its Mezzanine and Private Equity team. Earlier in his career he also held various investment banking positions with Wachovia Securities (and its predecessors).

“TCP’s leading combination of investment expertise and restructuring experience was an irresistible opportunity,” said Mr. Landrum. “I look forward to hitting the ground running and to helping TCP build on its already impressive history.”

Mr. Landrum received his BA in Speech Communications and English from The University of Georgia and his MBA from the Owen Graduate School of Management at Vanderbilt University.

About Tennenbaum Capital Partners, LLC

Tennenbaum Capital Partners™ (“TCP”) is a Los Angeles based, multi-strategy alternative investment management firm focused primarily on distressed credit. Since the firm’s founding in 1996, TCP has invested more than $8.6 billion in 170+ portfolio companies through its Opportunity Funds™, in addition to investments by specialty funds focused on debtor-in-possession and public market strategies. TCP finds opportunity primarily in middle-market credits where the firm can play a meaningful role in each situation. The firm’s investment professionals have extensive expertise in legal, operational and financial disciplines to successfully execute TCP’s investment strategies. For more, please visit: www.tennenbaumcapital.com.