{
  "crd_number": 113203,
  "slug": "tennenbaum-capital-partners-llc-santa-monica-ca-113203",
  "primary_business_name": "TENNENBAUM CAPITAL PARTNERS, LLC",
  "legal_name": "TENNENBAUM CAPITAL PARTNERS, LLC",
  "dbas": [],
  "city": "Santa Monica",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "31080",
  "metro": {
    "cbsa_code": "31080",
    "common_name": "Los Angeles",
    "msa_name": "Los Angeles-Long Beach-Anaheim, CA",
    "path": "/advisors/ca/los-angeles"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2001-07-06",
  "years_registered": 25,
  "period": "2026-10-01",
  "filing_date": "2026-06-17",
  "carried_forward": false,
  "raum_total": 3156595256.0,
  "raum_discretionary": 3156595256.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 10,
  "advisory_employees": 7,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "insurance_companies": {
      "raum": 226273070.0,
      "count": 5
    },
    "pooled_investment_vehicles": {
      "raum": 1372979045.0,
      "count": 23
    },
    "corporations_other_businesses": {
      "raum": 24040669.0,
      "count": 1,
      "fewer_than_5": true
    },
    "business_development_companies": {
      "raum": 1533302472.0,
      "count": 1
    }
  },
  "compensation_types": [
    "other",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 10,
  "states_registered": [
    "CA",
    "DE",
    "MO",
    "NY",
    "PA",
    "TX"
  ],
  "websites": [
    "https://blackrock.com",
    "https://douyin.com/user/MS4wLjABAAAATX0BkoY3SXPImjHUWTdWi02SNLwyACHjdmAnkjp298lIw88FuDLmYo-nln-UitiK",
    "https://facebook.com/BlackRock",
    "https://facebook.com/iShares",
    "https://instagram.com/blackrock",
    "https://ishares.com",
    "https://line.naver.jp/ti/p/@blackrocktw",
    "https://linkedin.com/company/blackrock",
    "https://linkedin.com/company/ishares",
    "https://mp.weixin.qq.com/mp/profile_ext?__biz=MzIzMTc3MTQ2Mw%3D%3D&action=home&scene=124",
    "https://tiktok.com/@blackrock?lang=en",
    "https://twitter.com/blackrock",
    "https://twitter.com/ishares",
    "https://youtube.com/channel/UC61MWzrpcsazp23LOxCsTcg",
    "https://youtube.com/channel/UCrIXkHfv2tMzebAI1TcdDhg"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/113203",
  "disclosure_items": [
    {
      "item": "11.C(1)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?"
    },
    {
      "item": "11.C(2)",
      "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?"
    },
    {
      "item": "11.C(4)",
      "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.C(5)",
      "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?"
    },
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    },
    {
      "item": "11.D(4)",
      "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    },
    {
      "item": "11.E(2)",
      "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?"
    },
    {
      "item": "11.G",
      "question": "Is the firm or an advisory affiliate now the subject of a regulatory proceeding that could result in a yes answer to any part of 11.C, 11.D, or 11.E?"
    },
    {
      "item": "11.H(1)(c)",
      "question": "Has a domestic or foreign court ever dismissed, under a settlement agreement, an investment-related civil action brought against the firm or an advisory affiliate by a state or foreign financial regulator?"
    },
    {
      "item": "11.H(2)",
      "question": "Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?"
    }
  ],
  "city_as_filed": "SANTA MONICA",
  "url": "https://advisorcensus.com/firm/tennenbaum-capital-partners-llc-santa-monica-ca-113203",
  "display_name": "Tennenbaum Capital Partners, LLC",
  "summary": "Tennenbaum Capital Partners, LLC is an SEC-registered investment advisory firm in Santa Monica, CA, registered since 2001, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated June 17, 2026.",
  "citation": "AdvisorCensus. Tennenbaum Capital Partners, LLC (CRD 113203): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees",
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Tennenbaum Capital Partners, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Tennenbaum Capital Partners, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other."
    },
    {
      "q": "Where is Tennenbaum Capital Partners, LLC located?",
      "a": "Tennenbaum Capital Partners, LLC's principal office is in Santa Monica, CA, according to its Form ADV; the July 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Tennenbaum Capital Partners, LLC registered with the SEC or a state?",
      "a": "Tennenbaum Capital Partners, LLC is an SEC-registered investment advisory firm, registered since 2001. Status as filed: Approved. CRD 113203."
    },
    {
      "q": "How much does Tennenbaum Capital Partners, LLC manage?",
      "a": "Tennenbaum Capital Partners, LLC reports $3,156,595,256 in regulatory assets under management in its Form ADV filing dated June 17, 2026 (100% discretionary)."
    },
    {
      "q": "How have Tennenbaum Capital Partners, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Tennenbaum Capital Partners, LLC: Regulatory assets under management: $8,468,868,378 in the October 2021 data and $3,156,595,256 in the October 2026 data, down 63%. Total employees: 26 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Tennenbaum Capital Partners, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (23); insurance companies (5); business development companies (1)."
    },
    {
      "q": "Which custodians does Tennenbaum Capital Partners, LLC use?",
      "a": "Tennenbaum Capital Partners, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank of New York Mellon, N.A. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Tennenbaum Capital Partners, LLC report any disciplinary disclosures?",
      "a": "Reports 10 disclosure items on Form ADV Item 11: yes answers to 8 questions about regulatory matters and 2 questions about civil court matters (11.C(1), 11.C(2), 11.C(4), 11.C(5), 11.D(2), 11.D(4), 11.E(2), 11.G, 11.H(1)(c), 11.H(2)). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/113203"
    },
    {
      "q": "What changed in Tennenbaum Capital Partners, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 8 to 7. No longer lists an office in Atlanta, GA. No longer lists an office in Santa Monica, CA."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 8468868378.0,
      "total_employees": 26,
      "filing_date": "2021-08-12"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 11353803819.0,
      "total_employees": 24,
      "filing_date": "2022-09-01"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 5826622349.0,
      "total_employees": 20,
      "filing_date": "2023-05-22"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 6087355192.0,
      "total_employees": 20,
      "filing_date": "2024-09-20"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 3432303338.0,
      "total_employees": 12,
      "filing_date": "2025-07-30"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 3156595256.0,
      "total_employees": 10,
      "filing_date": "2026-06-17"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 8 to 7.",
        "No longer lists an office in Atlanta, GA.",
        "No longer lists an office in Santa Monica, CA."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Bank of New York Mellon, N.A.",
      "name_as_filed": "BANK OF NEW YORK MELLON, N.A.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/tennenbaum-capital-partners-llc-santa-monica-ca-113203.md",
  "clients": [
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 1533302472.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 23,
      "fewer_than_5": false,
      "raum": 1372979045.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 5,
      "fewer_than_5": false,
      "raum": 226273070.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 1,
      "fewer_than_5": true,
      "raum": 24040669.0
    }
  ],
  "disclosure_line": "Reports 10 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/113203",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}