Tennenbaum Capital Partners (TCP) announced the opening of a new office in San Francisco. The office expands Tennenbaum's platform and also adds significant expertise in the energy technology sector. The San Francisco office will be led by Head of Energy Technology Todd Jaquez-Fissori, managing director of Tennenbaum Capital Partners and TCP Capital Corp.
"Our entry into Northern California, just one year after the firm's first geographic expansion to New York City, continues an exciting growth phase for our business and further enhances the scale and depth of our origination and servicing platforms," said Rajneesh Vig, managing partner of Tennenbaum Capital Partners and President and Chief Operating Officer of TCP Capital Corp. "We continue to see significant demand for growth capital from middle-market companies that is not being met by traditional capital sources."
"We are excited about the opportunity to participate in Tennenbaum's expansion into the energy technology sector," said Todd Jaquez-Fissori. "This is a natural extension of the firm's focus on lending to middle-market companies and small businesses in sectors where we have significant industry expertise, and which have established market positions and sustainable competitive advantages. Our team has deep knowledge and expertise in the large and underserved energy technology market and we look forward to leveraging that expertise to identify attractive investment opportunities."
Tennenbaum expanded its energy technology focus in April of 2014 with the hiring of Todd Jaquez-Fissori and managing director, Brad Pritchard. They have a combined 16 years of experience in structuring financing solutions for middle-market companies in the energy technology sector.
Tennenbaum Capital Partners, LLC is a Los Angeles-based alternative investment management firm focused on performing credit and special situations for middle-market companies. TCP manages a publicly-traded business development company, TCP Capital Corp.. as well as other funds and accounts. Since its founding, TCP has invested more than $13.5 billion in over 340 companies.
TCP Capital Corp. is a specialty finance company focused on performing credit lending to middle-market companies as well as small businesses.