Tennenbaum Capital Partners (TCP) has closed the Tennenbaum Opportunities Fund VI. With capital commitments of US$530m from new and existing limited partners, the fund will focus on discounted and debt-for-control oriented market opportunities as well as complex, directly-originated financings.

Limited partners in the fund include both public and corporate pension funds, insurance companies, other financial institutions, foundations, endowments, family offices and high net-worth individuals. Skadden, Arps, Slate, Meagher & Flom served as counsel, while Greenhill & Co served as the fund's exclusive global placement agent.

TCP invests primarily in private and public companies across a broad range of industries. Since its founding, the firm has invested approximately US$10bn in almost 200 companies where it can play a meaningful role.