Distressed credit private investment firm Tennenbaum Capital Partners (TCP) hired Lee Landrum as managing director.
Landrum has extensive middle-market investment experience that includes experience with distressed investments, leveraged buyouts, direct mezzanine and equity investments, and fund investing.
For over three years, he was a principal with the global credit alternatives team at The Carlyle Group.
Before that, he was managing director with Babson Capital Management as part of the firm'smezzanine and private equity team.
Earlier in his career he also held different investment banking positions with Wachovia Securities and its predecessors.
"We're very pleased to welcome Lee to the team," said Mark Holdsworth, managing partner and one of TCP's founders. "He comes to us with a deep background in middle-market investing and will be an invaluable asset to Tennenbaum Capital Partners. In addition to his strong investment track-record, he is deeply familiar with the institutional-investor landscape and will help lead our efforts as we prepare for the next wave of distressed debt investing opportunities."
"TCP's leading combination of investment expertise and restructuring experience was an irresistible opportunity," Landrum said. "I look forward to hitting the ground running and to helping TCP build on its already impressive history."