36th Street Capital Partners, LLC, a NYC-based provider of flexible financing solutions for the equipment leasing industry, received an investment and formed a joint venture with Tennenbaum Capital Partners.
The amount of the deal was not disclosed.
Founded by Kiran Kapur, formerly with CIT, and Mark Horan, formerly with Merrill Lynch, 36th Street Capital will focus on funding equipment leasing and financing transactions originated in partnership with bank, independent and captive financing firms.
Led by Rajneesh Vig, Tennenbaum Capital Partners is a Los Angeles, CA-based alternative investment management firm focused on performing credit and special situations for middle-market companies with more than $6 billion in committed capital under management.
TCP manages funds and accounts on behalf of global institutional investors. It also manages a publicly-traded business development company, TCP Capital Corp (NASDAQ: TCPC).
TCP has additional offices in New York and San Francisco.
FinSMEs
26/10/2015