Tennenbaum Capital PartnersTM Expands to New York City with Appointments of David Whitehouse and Keith Carter

  Tennenbaum Capital PartnersTM Expands to New York City with Appointments of
  David Whitehouse and Keith Carter

Business Wire

SANTA MONICA, Calif. -- November 13, 2012

Tennenbaum Capital Partners, LLC (“TCP”), a leading multi-strategy alternative
investment firm focused primarily on credit opportunities, today announced
that David Whitehouse and Keith Carter have joined the firm and will be based
in TCP’s newly established office in New York City. As Managing Director,
Whitehouse will work with the firm’s current and prospective investors,
communicating and marketing its investment strategies. As Director, Carter
will be responsible for helping to originate new investment opportunities from
financial sponsors, intermediaries/advisors, other lenders, and directly from
middle market companies.

“We are delighted to welcome David and Keith to the firm during an exciting
growth phase for TCP,” said Rajneesh Vig, Managing Partner, Tennenbaum Capital
Partners and President, TCP Capital Corp. “They bring a wealth of experience
in fund marketing and alternative asset management that will complement TCP’s
already strong investor relations and investment teams. We’re looking forward
to their contributions to the continued success of our firm, especially as we
launch our first geographic expansion outside of our Los Angeles based
headquarters.”

Whitehouse has approximately 20 years of experience in fund marketing. He most
recently served as a managing director with the fundraising and investor
relations team at Apollo Global Management in New York. Earlier, he was a
partner and head of North American investor relations for Apax Partners. Prior
to joining Apax, he held positions with Merrill Lynch and Morgan Stanley.
Whitehouse earned an MS in Business Management from the Massachusetts
Institute of Technology and a BS from Virginia Polytechnic Institute.

Carter has significant experience in investment management, most recently as a
managing director with Plainfield Asset Management based in Stamford, CT.
Previously, he was vice president of Briscoe Capital Management LLC, a firm
that merged with Plainfield in 2006. Carter has also held positions at
Heartland Industrial Partners and in the Leveraged Finance Group of Deutsche
Banc Alex Brown. He earned an MBA from Columbia Business School and a BA from
St. Lawrence University.

About Tennenbaum Capital Partners, LLC

Tennenbaum Capital Partners™ ("TCP") is a Los Angeles based, multi-strategy
alternative investment management firm focused primarily on middle-market
credit opportunities. TCP manages a publicly-traded business development
company, TCP Capital Corp. (NASDAQ: TCPC), as well as other funds and
accounts. The firm's investment professionals use their extensive expertise in
industry, legal, operational and financial disciplines to successfully execute
TCP's investment strategies. Since its founding, TCP has invested more than
$10 billion in over 200 companies. For more, please visit:
www.tennenbaumcapital.com.

Contact:

Tennenbaum Capital Partners, LLC
Jessica Ekeberg
310-566-1000
investor.relations@tennenbaumcapital.com
or
Financial Profiles, Inc.
Tricia Ross
916-939-7285
TCPC@finprofiles.com