Market moves - 20 April

Category: CDO CLOs CMBS


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Acquisitions

BlackRock has acquired Tennenbaum Capital Partners (TCP), complementing its global credit business at a time when clients are increasingly turning to private credit as a higher-yielding alternative to traditional fixed income allocations. A key element of the transaction – which is expected to close in Q3 - is the continuity of TCP's senior management team, including all five partners (Lee Landrum, Michael Leitner, Howard Levkowitz, Philip Tseng and Rajneesh Vig).

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