Profile: TCP Capital Corp (TCPC.OQ)
22 Feb 2018
TCP Capital Corp., incorporated on July 17, 2006, is an externally managed, closed-end, non-diversified management investment company. The Company's investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. The Company invests primarily in the debt of middle-market companies, as well as small businesses, including senior secured loans, junior loans, mezzanine debt and bonds. Its investments may include an equity component and the Company may make equity investments directly. The Company intends to primarily focus on privately negotiated investments in debt of middle-market companies. It may make investments of all kinds and at all levels of the capital structure, including in equity interests, such as preferred or common stock and warrants or options received in connection with its debt investments. As of December 31, 2016, its investment portfolio consisted of 90 portfolio companies and was invested 95% in debt investments, substantially all of which was in senior secured debt.
The Company's investment operations are conducted in Special Value Continuation Partners, LP, a limited partnership (the Operating Company). The Company's portfolio includes its investments in various industries, such as software publishing; non depository credit intermediation; computer systems design and related services; other information services; business support services; retail; wired telecommunications carriers; air transportation; chemicals; equipment leasing; insurance; hospitals; amusement and recreation; radio and television broadcasting; wholesalers; electronic component manufacturing; restaurants; advertising and public relations services; building equipment contractors; activities related to real estate, and other. Tennenbaum Capital Partners, LLC is the investment manager and advisor of the Company.
TCP Capital Corp
2951 28th St Ste 1000
SANTA MONICA CA 90405-2993