Tennenbaum Capital Partners Adds Two Members to its Team of Investment Professionals

– Firm Also Appoints New Office Manager –

SANTA MONICA, CA – September 6, 2004 – Tennenbaum Capital Partners, LLC, today announced that Todd Gerch and Phillip Tseng have joined the firm, expanding Tennebaum’s investment group to 15.

“We are very pleased to have attracted these highly talented professionals to our firm,” said Michael E. Tennenbaum, founder and senior managing partner. “They possess significant analytical talents, and I am confident they will contribute to the firm’s strategic growth and our ability to respond quickly and effectively to the capital requirements of companies in transition.”

Gerch joins Tennebaum as Associate, bringing to the firm experience in private equity and leveraged finance investment. Most recently, Gerch was with the capital markets group of Ares Management and the investment banking division of Credit Suisse First Boston (CSFB). Gerch graduated Magna Cum Laude from the University of Notre Dame with a B.B.A. degree in finance and business economics. He earned an M.B.A degree from The Wharton School of the University of Pennsylvania.

Tseng also joins Tennebaum as an Associate. Most recently, he was a senior associate at CSFB, focusing on technology and business services. Previously he was an analyst at Deutsche Banc Alex. Brown. Tseng earned an A.B. degree in economics, with honors, from Harvard College, and an M.B.A. degree from the Harvard Business School.

The firm also announced the appointment of Judy Zeller as Office Manager. Zeller joins Tennenbaum from the Aurora Capital Group.

“Judy brings more than 20 years of senior administrative experience to our organization and will be a valuable addition to our group,” Tennenbaum said.

About Tennenbaum Capital Partners, LLC
Tennenbaum Capital Partners is a Santa Monica, California-based private investment firm managing more than $3.8 billion in assets through private funds. The firm’s investment strategy is based on a long-term, value approach, and it assists – both financially and operationally – transitional middle market companies in such industries as technology, healthcare, energy, aerospace, business services, retail, and general manufacturing. Tennenbaum’s core strengths include in-depth knowledge of equity and debt financing vehicles in the public and private markets, as well as a thorough understanding of special situations. These situations may include legal, operational or financial challenges; turnarounds, restructurings and bankruptcies; corporate divestitures and buyouts; and complex ownership changes. Tennenbaum Capital Partners is a registered investment advisor.

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