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Top related persons:
Larry Fink - 2 David Goldstone - 1 Goldstone - 1 BDC - 1 it's - 1 hasn't - 1 Rowe Price - 1 Franklin Templeton - 1
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BlackRock - 2 Tennenbaum Capital Partners - 2 Condor Capital Wealth Management - 1 Condor - 1 BlackRock doesn't - 1 Federal Reserve - 1 Fidelity - 1 Apollo - 1

Search resuls for: "Tennenbaum Capital Partners"


4 mentions found


☆ BlackRock's next high-stakes bet: lending out cash
  + stars: | 2023-10-31 | by ( Rebecca Ungarino | ) www.businessinsider.com   time to read: +11 min
Goldstone was referring to a type of business-development company, an investment vehicle widely used in the private-credit market. The vehicle Condor allocated to is a slice of BlackRock's $81 billion private-credit business, which is part of the wider $317 billion alternative-assets platform. 'Size matters'In the summer, BlackRock executives teased out their focus on private credit and fixed income broadly during an investor-day presentation. BlackRock's string of private-credit developments adds up to a long-term bet that this dynamic will continue. "That, in essence, is the paradox of private credit."
Persons: David Goldstone, Goldstone, BDC, it's, hasn't, Rowe Price, Franklin Templeton, Blackstone, Axel Springer, Greg Greifeld, Greifeld, Tim Clarke, Rob Kapito, We've, Jim Keenan, BDCs, Keenan, Clarke, PitchBook, they're, Larry Fink, " Fink, Merrill Lynch, BlackRock, Jared Gross, J.P, Phil Tseng, BlackRock's, Gross, Morgan Organizations: Condor Capital Wealth Management, Condor, BlackRock, BlackRock doesn't, Federal Reserve, Fidelity, Apollo, KKR, Growth, BlackRock TCP Capital Corp, BlackRock Capital Investment Corp, Kreos, Barclays, Tennenbaum Capital Partners, Morgan, who's Locations: New Jersey, BlackRock, PitchBook, Banks, London
☆ BlackRock is on the lookout for deals — and it just scooped up a major lender to European startups to supercharge its private credit business
  + stars: | 2023-06-08 | by ( Michelle Abrego | ) www.businessinsider.com   time to read: +3 min
The purchase will boost the money manager's offerings in the booming private credit space. The world's largest asset manager is set to buy a lender to European technology and healthcare companies to boost its private credit business. One area that BlackRock has been focused on ramping up has been its $320 billion alternatives business, especially private credit. Private credit has grown tremendously as traditional banks pull away from loaning to small and risky companies. Within private credit, venture debt is a growing area.
Persons: Larry Fink, Stephan Caron, Monese, Keefe, Michael Brown, Brown, Martin Small Organizations: BlackRock, Investors, Silicon Valley Bank, Tennenbaum Capital Partners Locations: London, BlackRock, loaning, Europe, Asia, Silicon
☆ Here's what mattered in hedge funds and asset and wealth management in 2022
  + stars: | 2022-12-28 | by ( Jeffrey Cane | ) www.businessinsider.com   time to read: +4 min
To be sure, some big investors like macro hedge funds have been notable exceptions to the market gloom. As we do our own account settling for the year, here is some of our best reporting on the buy-side: hedge funds, asset managers, and wealth management. Tiger, Tiger burning bright. Four years later, the hedge fund, founded by two former Millennium executives, has yet to live up to the lofty expectations for it. Among the money managers benefiting from these political moves are Bank of New York Mellon and Federated Hermes.
☆ BlackRock bought a money manager to expand in private credit. Insiders say the deal has now led to an exodus of frustrated employees.
  + stars: | 2022-09-21 | by ( Danielle Walker | Rebecca Ungarino | ) www.businessinsider.com   time to read: +12 min
After BlackRock acquired private credit firm Tennenbaum Capital Partners, more than a dozen employees left the small investment team. Former BlackRock employees say underwhelming pay and unfulfilled promises that the team could raise its own special situations fund led to widespread frustration and departures. The departures come as BlackRock aims to compete more aggressively in private credit, a key part of its high-priority alternatives push. Still, in recent years management has made it clear that its private investment capabilities need to be an important engine of growth. "It's not to say that the private credit market is easy to manage talent.
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