LOS ANGELES, Oct. 5, 2015 /PRNewswire/ -- Great American Capital Partners, LLC (GACP), a provider of senior secured loans to middle-market companies and a subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY), has received an investment from Tennenbaum Capital Partners, LLC (TCP), a leading alternative investment management firm.
"We have worked closely with TCP for many years, and are excited to have their ongoing support," said John Ahn, president of GACP. "We continue to experience robust demand from middle-market companies whose capital needs are not being met by traditional financing sources. Our partnership with TCP-and the capability to leverage its deep investment and industry expertise-augments our ability to capitalize more effectively on attractive opportunities within the credit space."
Philip Tseng, managing partner of TCP, added: "The partnership with GACP reflects TCP's focus on originating and extending non-traditional financing solutions to the underserved middle-market. We have a long history of partnering with Great American on successful transactions, and have great respect for their in-house asset valuation expertise-an expertise that differentiates GACP's platform, providing a tremendous advantage in evaluating potential investments."
About Tennenbaum Capital Partners, LLC
Tennenbaum Capital Partners, LLC (TCP) is an alternative investment management firm focused on performing credit and special situations for middle-market companies. TCP manages funds and accounts on behalf of global institutional investors. It also manages a publicly-traded business development company, TCP Capital Corp. Since its founding, TCP has invested more than $15 billion in over 390 companies. TCP is headquartered in Los Angeles with additional offices in New York and San Francisco. For more information, visit: www.tennenbaumcapital.com and www.tcpcapital.com.
About Great American Capital Partners
Great American Capital Partners (GACP) provides senior secured loans to middle-market public and private U.S. companies across a wide range of industries. GACP is dedicated to bringing opportunistic and non-traditional capital to companies with strong underlying collateral value.
GACP is a wholly owned subsidiary of B. Riley Financial, Inc. (NASDAQ: RILY), which provides collaborative financial services and solutions through its several subsidiaries, including: B. Riley & Co., LLC, a leading full service investment bank providing corporate finance, research, and sales & trading to corporate, institutional and high net worth individual clients and is a member of FINRA & SIPC; Great American Group, LLC, a leading provider of advisory and valuation services, asset disposition and auction solutions, and commercial lending services; B. Riley Asset Management, LLC, a provider of investment products to institutional and high net worth investors, and B. Riley Wealth Management, a division of B. Riley Capital Management, LLC, a multi-family office practice and wealth management firm focused on the needs of ultra-high net worth individuals and families. B. Riley Financial, Inc. is headquartered in Los Angeles with offices in major financial markets throughout the United States and Europe. For more information on B. Riley Financial, Inc. visit www.brileyfin.com.
For More Information: John Ahn President email@example.com 310-689-2215
Media Inquiries: Kathy Tran Vice President, Marketing firstname.lastname@example.org 310-689-2228
SOURCE B. Riley Financial, Inc.