36th Street Capital Receives Investment from Tennenbaum Capital



36th Street Capital Partners, an independent provider of financing solutions for the equipment leasing industry, formed a joint venture with Tennenbaum Capital Partners.

36th Street Capital will focus on funding equipment leasing and financing transactions originated in partnership with bank, independent and captive financing firms. The company, founded by Kiran Kapur, formerly with CIT, and Mark Horan, formerly with Merrill Lynch, helps increase industry approval rates on equipment loans and leases by investing in transactions that require alternative capital solutions.

“We are very pleased to be joining forces with TCP,” said Kapur. “Demand for alternative capital solutions in the equipment leasing sector is increasing and TCP’s investment will help us capitalize on our growing pipeline of opportunities, while also helping our clients better serve their customers.”

TCP is an alternative investment management firm headquartered in Los Angeles with more than $6 billion in committed capital under management.

“We are excited about our partnership with 36th Street Capital, which provides TCP exposure to the equipment leasing sector,” said Rajneesh Vig, managing partner of TCP and president and COO of TCP Capital Corp. “We have been evaluating opportunities to participate in this market for some time given its size and the attractive risk return attributes it offers. 36th Street Capital’s team has extensive experience in the sector, a strong network of relationships and a unique origination strategy.”

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