Approach
TCP targets primarily U.S. middle-market credits where the firm can play a meaningful role in each situation, in investment positions of up to $250 million.
TCP makes investments up to $250 million in size, primarily in U.S.-based companies, through privately negotiated transactions and open-market purchases. The companies we target typically are undergoing change due to industry trends, economic cycles or specific company circumstances, but have underlying physical assets and strong, defensible, enduring business franchises.
We leverage our long-term and proprietary working partnerships with sponsors, management teams, boards, investors, credit committees, and other deal participants to source unique opportunities we believe will generate attractive risk-adjusted returns. Our deal flow network also includes investment bankers, restructuring professionals, bankruptcy and other attorneys, senior lenders, high yield bond specialists, research analysts, and accountants. We pride ourselves on our ability to respond rapidly, creatively and flexibly.
TCP investment professionals are organized by industry specialization so that we can source, monitor, analyze and engage in transactions in a thoughtful and intelligent manner and with speed, as needed. We are experts in best-practices and emerging trends in the following industries:
- Automotive/Suppliers
- Aerospace & Defense
- Business/Technology Services
- Chemicals
- Commercial Real Estate
- Consumer Retail/Manufacturing
- Energy (E&P, Refining, Services)
- Engineering & Construction
- Environmental Services
- Financial Services
- Financial Technology
- Forest Products/Paper/Packaging
- Gaming/Lodging/Cruise Lines
- Health Care
- Housing & Building Products
- Industrial/Manufacturing
- Media
- Natural Resources/Metals/Mining
- Technology
- Telecommunications
- Transportation/Logistics
The foundation of TCP’s investment process is intensive investment research, due diligence and analysis by the firm’s experienced investment professionals. Our senior professionals have worked together for an average of seven years and have a level of distressed investing knowledge that is second to none. We supplement in-house knowledge with industry experts, including CEO-level executives on our Advisory Board who contribute the kind of meaningful, practical business advice that comes from having operated businesses.
Our due diligence process includes intensive quantitative and qualitative assessment of an issuer's business and competitive environment, evaluation of its management, analysis of business strategy and industry trends, as well as an in-depth examination of the company's capital structure, financial results and projections.