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Why Did Blackrock Acquire Tennenbaum Capital Partners? | Swfi - Sovereign Wealth Fund Institute

by swfinstitute.org posted 4months ago 62 views
Asset manager giant BlackRock Inc. signed a definitive agreement to acquire Tennenbaum Capital Partners, LLC, in a bid to strengthen its credit platform. BlackRock wants to build a larger private credit business to expand fee generation and offer clients more than just passive products. Formed in 1999, Los Angeles-based Tennenbaum Capital Partners is a firm […]