Alternative investment manager Tennenbaum Capital Partners broke a month-long dry spell of middle-market new-issue CLO activity by launching its first deal of 2017 in the $350.9 million TCP Whitney CLO.

The new TCP transaction, the third collateralized loan obligation managed by Tennenbaum, includes a $195 million AAA tranche priced at 168 basis points over three-month Libor.

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