Len Tannenbaum is preparing to raise a new private debt fund to capitalise on dislocation in the $1.8tn private credit market, according to a report by Bloomberg.
Tannenbaum, who sold credit-focused Fifth Street Asset Management to Oaktree nearly a decade ago, is sounding out family offices for the new vehicle. His own family has pledged up to $50m, with a first close targeted for early October.
The fund will be launched under Tannenbaum Capital Group, the alternative investment firm he founded...
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