TCP Capital's investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. We invest primarily in debt of private, middle-market companies with enterprise values typically between $100 million and $1.5 billion, including complex situations requiring specialized industry knowledge. While we invest primarily in senior debt instruments, we have the flexibility to provide financing solutions at any level of the capital structure. With our rigorous approach to due diligence, active investment monitoring and long-term perspective, we are an ideal partner for companies and sponsors seeking a stable source of capital.
TCP Capital's investment activities benefit from the competitive advantages of our investment advisor, Tennenbaum Capital Partners, LLC (TCP) (www.tennenbaumcapital.com), including the deep skills and diverse experience of its investment professionals, its proprietary deal flow, and its consistent and rigorous investment process.
TCP Capital's target investments are generally in companies with established market positions, proven and differentiated products and strong regional or national operations. While our focus is on directly originated loans, we also have the flexibility to invest in secondary-market investment opportunities.
TCP Capital's focus is primarily on U.S. companies where we believe TCP's perspective, complementary skills and investment experience provide us with a competitive advantage and in industries where TCP sees an attractive risk/reward profile based on macroeconomic trends and existing TCP industry expertise.