Tennenbaum Capital Partners

Tennenbaum Capital Partners, LLC, established in 1999, is a prominent alternative investment management firm specializing in credit opportunities. With approximately $5 billion in assets under management, the firm invests in both performing credit and special situations, including debtor-in-possession financing, convertible strategies, and event-driven opportunities. Tennenbaum has invested around $9 billion across over 170 portfolio companies since its inception. The firm is known for its continuity in management, with all five partners staying on following a majority stake acquisition by BlackRock in 2018.

Raj Vig

Managing Partner

15 past transactions

Edmentum

Debt Financing in 2018
Founded in 1960, Edmentum is a leading provider of online learning programs. It offers individualized learning plans for K-8 students, original credit courses for 6-12 students, and adaptive assessments for higher education. With over five decades of experience, the company aims to drive student achievement and empower educators.

Cognate BioServices

Venture Round in 2018
Cognate BioServices, Inc. is a Memphis, Tennessee-based company specializing in the development and manufacturing of cell and cell-mediated gene therapy products for biotechnology firms and institutions across the United States. Founded in 2002, the company operates as a fully-integrated contract bioservices organization, offering a wide range of services that include process development, regulatory support, assay development, preclinical services, and cell banking. Cognate BioServices is recognized for its expertise in manufacturing cell-based products under current Good Manufacturing Practice (cGMP) conditions, and it employs advanced techniques in cryopreservation and cell isolation and expansion. The company is strategically partnered with Akron Biotechnology, which enhances its capabilities in serving the biotechnology sector.

Globecomm Systems

Acquisition in 2017
Globecomm Systems, headquartered in Hauppauge, New York, specializes in satellite-based communications infrastructure solutions and services. The company offers a wide range of pre-engineered systems, systems design and integration, and comprehensive lifecycle support services. Its infrastructure solutions include the design, engineering, and installation of ground segment systems and networks, enabling various communications applications. Globecomm's offerings support a multitude of services, including video, data, voice, and wireless communications, and are tailored for clients in sectors such as government, maritime, media, and enterprise. The company also provides end-to-end managed network services, including network monitoring, installation, maintenance, and professional engineering. Additionally, Globecomm delivers multi-network infrastructure that encompasses satellite, terrestrial fiber, and cellular technologies, facilitating robust connectivity and data management systems for diverse applications, including IoT and enterprise video platforms.

Videology

Debt Financing in 2017
Videology is a digital media advertising technology company that specializes in providing solutions for connecting advertisers with consumers. The company develops software that enables converged and addressable advertising across both television and digital video platforms. By utilizing consumer data and advanced ad decisioning, Videology optimizes the performance of video and display advertising campaigns, ensuring that advertisements reach the most relevant audiences. Its advertising technology continually analyzes media and audience data to enhance forecasting and demand estimation, bringing the efficiencies of programmatic advertising into the traditional TV and premium video landscape. Through its offerings, Videology aims to create a more meaningful web experience for consumers while increasing accountability for advertisers.

SOASTA

Debt Financing in 2016
SOASTA, Inc. is a performance analytics platform that specializes in cloud testing and monitoring solutions for web and mobile applications. Founded in 2006 and headquartered in Mountain View, California, the company provides comprehensive tools that help digital businesses analyze and optimize their performance in real-time. Its offerings include mPulse, a real user monitoring solution that correlates performance with business outcomes; CloudTest, a platform for load and performance testing; TouchTest, which focuses on mobile functional test automation; and the Digital Operations Center, which delivers insights into performance metrics. SOASTA has conducted over 10 million tests and measured more than 100 billion user experiences, serving a range of industry-leading clients. The company also offers a variety of support services, including testing consultation, training, and development assistance, ensuring that clients can effectively manage their digital performance strategies. As of 2017, SOASTA operates as a subsidiary of Akamai Technologies.

SoundCloud

Debt Financing in 2016
SoundCloud, established in 2008 by Alexander Ljung and Eric Wahlforss, is a global social sound platform that enables users to create, share, and discover music. It offers a vast selection of audio content from a diverse creator community, facilitated by an open platform that directly connects creators with their fans worldwide. Users can instantly record, upload, and share sounds, while also accessing detailed statistics and community feedback.

InMobi

Debt Financing in 2015
InMobi is a mobile advertising company that develops a platform and services to help brands reach consumers on mobile devices. The company provides an advertising serving algorithm to optimize ad ranking and offers campaign management from strategy and design to execution and optimization, including ad creation and targeting. It delivers monetization strategies that blend performance and branding for publishers, along with near real-time reporting and campaign tracking. Its Lifetime Value Platform identifies in-app user groups and provides behavioral insights to publishers and app developers. InMobi also supports personalized, video-based advertising through deep learning optimization engines and contextual recommendations. The company maintains partnerships and operates from its headquarters in Bengaluru, India, with additional offices in New Delhi and Mumbai. By combining technology and data-driven insights, InMobi helps advertisers and publishers optimize ad delivery and measurement across mobile environments.

Nextracker

Series B in 2015
Nextracker Inc. is a leading provider of innovative single-axis photovoltaic trackers and software solutions for solar power plants worldwide. Based in Fremont, California, the company designs and manufactures advanced tracking systems, such as the NEXTrackerSPT, which operates independently without the need for external power sources. Nextracker's TrueCapture technology enhances the performance of solar arrays by adapting to real-time site and weather conditions. Additionally, the company offers energy storage solutions, including NX Drive and NX Flow, catering to both generation-plus-storage and long-duration applications. Nextracker has established a strong presence globally, having supplied over 35 GW of solar trackers and serving a diverse clientele that includes solar system developers, owners, and engineering, procurement, and construction firms. With operations in various countries, including the United States, Mexico, Spain, India, and Brazil, Nextracker is recognized for its commitment to innovation and excellence in the solar industry.

Green Biologics

Debt Financing in 2015
Green Biologics is a UK-based industrial biotechnology company that develops and manufactures renewable solvents and specialty chemicals through fermentation of biomass. Its portfolio includes renewable butanol, acetone, and C4 derivatives, as well as GreenFlame charcoal lighting fluids. The products support markets across paints, coatings, adhesives and inks; personal care, cosmetics and fragrances; food and flavor ingredients; health and nutrition; household and industrial cleaners; and other industrial applications. The company uses fermentation platforms to convert biomass into renewable fuels and chemicals, enabling customers to access sustainable solvents and ingredients derived from feedstocks such as corn and cellulosic materials. Operations include pilot, demo and lab facilities in the United States, with executive offices in the United Kingdom and satellite offices in China, Brazil and India. The company was incorporated in 2002 and is based in Abingdon, United Kingdom.

Mesa Air Group

Debt Financing in 2014
Founded in 1982, Mesa Air Group operates regional air carrier services under capacity purchase agreements with American Airlines and United Airlines. It maintains a fleet of over 60 aircraft, serving approximately 85 cities across the U.S., Canada, Mexico, and Cuba. The company employs around 2,200 people.

VitAG

Private Equity Round in 2014
VitAG Corporation engages in the disposition of municipal biosolids and animal residuals into inorganic fertilizers. Its VitAG recycling technology transforms biosolids into ammonium sulfate granular fertilizers. The company sells its fertilizers through distributors in the United States and internationally. VitAG Corporation is based in Beech Island, South Carolina.

InMobi

Debt Financing in 2014
InMobi is a mobile advertising company that develops a platform and services to help brands reach consumers on mobile devices. The company provides an advertising serving algorithm to optimize ad ranking and offers campaign management from strategy and design to execution and optimization, including ad creation and targeting. It delivers monetization strategies that blend performance and branding for publishers, along with near real-time reporting and campaign tracking. Its Lifetime Value Platform identifies in-app user groups and provides behavioral insights to publishers and app developers. InMobi also supports personalized, video-based advertising through deep learning optimization engines and contextual recommendations. The company maintains partnerships and operates from its headquarters in Bengaluru, India, with additional offices in New Delhi and Mumbai. By combining technology and data-driven insights, InMobi helps advertisers and publishers optimize ad delivery and measurement across mobile environments.

Fuse TV

Venture Round in 2012
Fuse Media is a Latino-owned global entertainment company dedicated to creating and distributing inclusive, purpose-driven stories for culturally diverse young adults. The company features a portfolio of award-winning original content across various platforms, including Fuse, FM (Fuse Music), and Fuse+. It also operates FAST Channels such as Backstage, Shades of Black, Latino Vibes, El Rey, Camptastic, and OUTtv Proud. Through its digital presence at fuse.tv, as well as Fuse Studios and Ignition Studios, Fuse Media aims to authentically reflect the experiences of its diverse audience. Additionally, the company offers music-focused media services that provide entertainment and lifestyle content, enabling users to engage with television programming through exclusive clips, full episodes, and relevant news. With a commitment to multicultural representation, Fuse Media serves as a creative destination for young audiences worldwide.

WildBlue Communications

Debt Financing in 2006
WildBlue Communications is a provider of high-speed satellite Internet access services in the United States. Since its establishment in 2009 as a subsidiary of ViaSat, the company has focused on delivering broadband connectivity to residential and small business customers, particularly in areas where traditional terrestrial broadband options are limited or unavailable. WildBlue's services cater to home users and small offices, ensuring that they have reliable Internet access in underserved communities.

Radnor Holdings

Private Equity Round in 2005
Radnor Holdings manufactures and distributes disposable foodservice products.
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