Tennenbaum Capital Partners (TCP) has bolstered its investor relations and investment teams with the addition of two new hires, who will both be based in the LA-based distressed debt investor’s recently- opened office in New York.
Former Apollo Global Management and Apax Partners fundraiser David Whitehouse will join TCP as a managing director in charge of communicating and marketing the firm’s investment strategies to current and prospective investors.
Keith Carter, who most recently served as a managing director with Plainfield Asset Management, will join as a director to help originate new investment opportunities from financial sponsors, intermediaries/advisors, other lenders, and directly from mid-market companies.
“We are delighted to welcome David and Keith to the firm during an exciting growth phase for TCP,” said the firm’s managing partner and president Rajneesh Vig.
“We’re looking forward to their contributions to the continued success of our firm, especially as we launch our first geographic expansion outside of our Los Angeles based headquarters.”
Whitehouse has around 20 years of experience in fund marketing and most recently served as a managing director with the fundraising and investor relations team at Apollo Global Management.
He was previously a partner and head of North American investor relations for Apax Partners, which he joined following tenures with Merrill Lynch and Morgan Stanley.
Carter has significant experience in investment management, most recently as a managing director with Plainfield Asset Management based in Stamford, Connecticut.
He was previously vice president of Briscoe Capital Management, which merged with Plainfield in 2006, and has also held positions at Heartland Industrial Partners and in the Leveraged Finance Group of Deutsche Banc Alex Brown.
TCP is currently investing through Tennenbaum Opportunities Fund VI, which closed in August last year with commitments of $530m from investors including New York Life.
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