Through its credit opportunities strategy, TCP directly originates complex financings in companies undergoing change. We also take distressed and control or deep value credit positions in the open market. We invest in all phases of the default cycle, including deeply discounted securities and commercial loans in the secondary market, or direct capital infusions into both healthy and troubled U.S. middle market companies. We strive to be a value-added capital partner. Our ability to operate, improve and exit businesses undergoing restructurings is one of our greatest competitive advantages. Our credit opportunities strategy targets the combination of current income plus higher net asset value over the life of the investment.

Debtor-in-possession (DIP) financing provides companies with the liquidity they need to fund operations during Chapter 11 reorganization and to successfully emerge from bankruptcy. DIP lending has been viewed historically as relatively low risk due to the special super-priority status granted to DIP lenders under the U.S. Bankruptcy Code. TCP harnesses extensive relationships with key constituents in the bankruptcy process for deal flow and evaluates individual DIP transactions using the firm’s unique restructuring expertise.

TCP Capital Corp.’s investment objective is to generate significant current income and capital appreciation by providing flexible and innovative financing solutions, primarily through loans to U.S. public and private middle-market companies. TCP Capital is a publicly-traded business development company (NASDAQ: TCPC) regulated under the Investment Company Act of 1940 and is externally managed by its advisor, Tennenbaum Capital Partners, LLC, benefitting from diverse in-house skills, proprietary deal flow, and a consistent and rigorous investment process focused on established, middle-market companies. For more on TCP Capital Corp., visit www.tcpcapital.com.