BDC Veteran Tannenbaum Plans Comeback to Industry Near ‘Crisis’

Len Tannenbaum, former chief executive of a credit firm he sold to Oaktree approximately nine years ago for $5 billion, is raising a new fund focused on the private credit market, which manages $1.8 trillion in assets. Tannenbaum previously led the firm before its sale to the distressed debt investment firm. The new fund targets opportunities in private credit markets. No additional details about fund size, timeline, or specific investment strategy were disclosed.

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