Tennenbaum Capital Partners, LLC is a large advisory firm based in Santa Monica. It manages $8.61 billion of regulatory assets for 45 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Delaware, Missouri, and 3 other states.
Tennenbaum Capital Partners provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and administration. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Tennenbaum Capital Partners, LLC is $8.61 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 465% since the beginning of its operation, and $1.42 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Tennenbaum Capital Partners, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to pooled investment vehicles and business development companies. The largest group of clients of Tennenbaum Capital Partners is pooled investment vehicles with 37 clients and $6.68 billion of assets under management. Among the 13 most similar advisory firms, Tennenbaum Capital Partners has the 6th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $8.34 billion for 38 clients. 16% of the firm’s clients are foreign persons or businesses.
Tennenbaum Capital Partners also advises several private funds. Namely, thirty seven private equity funds and two securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.
The company employs 33 people that are either part- or full-time employees. 97 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Tennenbaum Capital Partners, LLC performs its advisory services is located at 2951 28 Th Street, Santa Monica, CA 90405, which is also the mailing address of the firm. An additional office of the firm is in Atlanta, GA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 310-566-1000. The normal business hours are 7:30am to 5:30pm on Monday - Friday. You can find more information about the New York firm at tennenbaumcapital.com.