Tennenbaum Capital Partners, LLC (Santa Monica)

Name: Tennenbaum Capital Partners, LLC
Address: 2951 28 Th Street, Santa Monica, CA, 90405
Telephone: 310-566-1000

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.

Tennenbaum Capital Partners: assets under management

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 firm manages $8.61 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $191.23 million each.

Tennenbaum Capital Partners has custody of $1.97 billion in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio.

Fees & Commissions

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. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Tennenbaum Capital Partners serves?

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.

Careers at Tennenbaum Capital Partners, LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Howard Marshall Levkowitz	Managing partner	1 May 1999	Other	4404130
Llc Tennenbaum & Co.	Managing member	1 May 1999	25% - 50%	95-4587347
Michael Ernest Tennenbaum	Senior portfolio manager	1 May 1999	Other	444068
Mark Keith Holdsworth	Portfolio manager	1 May 1999	Other	2438603
Robert Gary Dipaolo	Chief financial officer	1 Sep 1999	Other	4604596
David Andrew Hollander	Director and general counsel	1 Mar 2002	Other	4604590
Michael E Tennenbaum 2002 Annuity Trust	Member	1 Dec 2002	Other	20-6044378
Paul L Davis	Chief compliance officer and vp, finance	1 Sep 2004	Other	4547644
Paul Leslie Davis	Chief compliance officer and vp, finance	1 Sep 2004	Other	4547644
Hugh Steven Wilson	Managing partner	1 Jan 2005	Other	4940207
Steven Chiaray Chang	Partner	1 Jan 2005	Other	2648097
Jose Enrique Feliciano	Partner	1 Jan 2005	Other	2526803
Peyman Saidi Ardestani	Chief financial officer	1 Apr 2006	Other	5145210
Michael Eric Leitner	Managing partner	1 Jan 2007	Other	2367242
Eric Richard Pagel	Partner	1 Jan 2007	Other	4028339
Elizabeth Alice Greenwood	General counsel and chief compliance officer	1 Jan 2008	Other	5052839
Pedro Martin Urrutia	Vp financial operations & controller	1 Aug 2008	Other	4485571
David Andrew Hollander	Partner	1 Jan 2009	Other	4604590
Paul Leslie Davis	Chief financial officer	1 Jan 2010	Other	4547644
Pedro Martin Urrutia	Chief operating officer	1 Jan 2010	Other	4485571
David Andrew Hollander	Managing partner	1 Jan 2011	Other	4604590
Rajneesh Vig	Managing partner	1 Jan 2011	Other	3203963
Philip M Tseng	Managing partner	1 Jan 2013	Other	2773613
Michael Ernest Tennenbaum	Senior managing partner emeritus	1 Jan 2015	Other	444068
Mark Keith Holdsworth	Operating partner	1 Jan 2015	Other	2438603
Cno Financial Investments Corp.	Member	1 Apr 2016	25% - 50%	36-3215739
Bankers Life And Casualty Company	Member	1 Dec 2016	25% - 50%	36-0770740
Bankers Life And Casulaty Company	Member	1 Dec 2016	25% - 50%	36-0770740
Lp Tcp Holding	Member	1 Dec 2017	50% - 75%	82-4259568
Howard Marshall Levkowitz	Managing director	1 Aug 2018	Other	4404130
Paul Leslie Davis	Managing director	1 Aug 2018	Other	4547644
Michael Eric Leitner	Managing director	1 Aug 2018	Other	2367242
Elizabeth Alice Greenwood	Managing director	1 Aug 2018	Other	5052839
Rajneesh Vig	Managing director	1 Aug 2018	Other	3203963
Philip M Tseng	Managing director	1 Aug 2018	Other	2773613
Llc Blackrock Capital Investment Advisors	Member	1 Aug 2018	75% - 100%	290336
Lee Robert Landrum	Managing director	1 Aug 2018	Other	2604312
James Edward Keenan	Managing director	1 Aug 2018	Other	7005594
Charles Choon Sik Park	Chief compliance officer	1 Sep 2018	Other	2704483

Indirect Owners

The SEC currently registers 13 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Suzanne Stockfisch Tennenbaum	Member	1 Jun 1996	25% - 50%	2896797
Michael Ernest Tennenbaum	Managing member	1 Jun 1996	25% - 50%	444068
Suzanne Stockfischtennenbaum	Member	1 Jun 1996	50% - 75%	2896797
Inc. Blackrock Capital Holidings	Member	1 Sep 2006	75% - 100%	20-8343733
Inc. Blackrock Holdco 2	Sole shareholder	1 Sep 2006	75% - 100%	68-6635711
Blackrock Inc.	Sole shareholder	1 Sep 2006	75% - 100%	32-0174431
Inc Blackrock Financial Management	Sole shareholder	1 Mar 2015	75% - 100%	107105
Conseco Life Insurance Company Of Texas	Parent	1 Apr 2016	75% - 100%	81-0626335
Inc. Cdoc	Parent	1 Apr 2016	75% - 100%	51-0406066
Inc. Cno Financial Group	Parent	1 Apr 2016	75% - 100%	35-1468632
Bankers Life And Casualty Company	Parent	1 Apr 2016	75% - 100%	36-0770740
Llc Blackrock Advisors	Member	1 Sep 2017	75% - 100%	106614
Howard Marshall Levkowitz	Limited partner	1 Dec 2017	25% - 50%	4404130

Based in Santa Monica

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.