BDC Veteran Tannenbaum Plans Comeback to Industry Near ‘Crisis’
Bloomberg 2026-06-30 15:21:38
Context: Len Tannenbaum, a veteran in the credit firm industry, is planning a comeback with a new fund to capitalize on the turmoil in the private credit market. Tannenbaum previously sold his $5 billion credit firm to Oaktree, a distressed debt pioneer, nearly a decade ago. The private credit market, valued at $1.8 trillion, is currently experiencing significant turmoil.
Key Facts
- Len Tannenbaum sold his $5 billion credit firm to Oaktree, a distressed debt pioneer, almost a decade ago.
- Tannenbaum is now looking to raise a new fund to capitalize on the turmoil in the $1.8 trillion private credit market.
- The private credit market is currently experiencing significant turmoil, presenting an opportunity for Tannenbaum's potential comeback.