Brief: CNO Financial Group announces strategic investment in Tennenbaum Capital Partners

BlackRock TCP Capital

18/04/2016 22:00

April 18 (Reuters) - Cno Financial Group Inc  CNO.N : 
    * CNO Financial Group announces strategic investment in 
Tennenbaum Capital Partners 
    * Financial terms of this transaction were not disclosed 
    * Tcp will continue to operate on a stand-alone basis under 
its present executive leadership 
    * Agreed to make general account investments over a period 
of time of about $250 million across tcp's managed funds and 
strategies 
    * Commitments include investments in tcp's direct lending, 
special situation strategies, $30 million commitment to tcp 
capital corp 
    * To make general account investments to assist in tcp's 
investment management and overall platform's continued growth in 
aum 
    * Commitments include investments in tcp's direct 
lending,special situation strategies and $30 million commitment 
to tcp capital corp 
 
Source text for Eikon:  ID:nPn8RRgHSa  
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