Led by CIT and Merrill Lynch veterans, 36th Street Capital provides alternative equipment financing solutions to middle market companies

New York, NY and Los Angeles, CA – 36th Street Capital Partners, LLC (“36th Street Capital”), an independent provider of flexible financing solutions for the equipment leasing industry, announced today that it has formed a joint venture with Tennenbaum Capital Partners, LLC ("TCP”). TCP is a leading alternative investment management firm headquartered in Los Angeles with more than $6 billion in committed capital under management.

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 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.”

“We are very pleased to be joining forces with TCP”, said Kiran Kapur, chief executive officer of 36th Street Capital. “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.” About Tennenbaum Capital Partners, LLC Tennenbaum Capital Partners, LLC ("TCP") is an alternative investment management firm focused on performing credit and special situations for middle-market companies. TCP manages funds and accounts on behalf of global institutional investors. It also manages a publicly-traded business development company, TCP Capital Corp (NASDAQ: TCPC). Since its founding, TCP has invested more than $15.5 billion in over 400 companies. TCP is headquartered in Los Angeles with additional offices in New York and San Francisco. For more information, please visit: www.tennenbaumcapital.com and www.tcpcapital.com.

About 36th Street Capital Partners, LLC

36th Street Capital Partners, LLC is an independent provider of flexible financing solutions for the equipment leasing industry. The firm brings alternative investment strategies and advisory services to middle market clients through an informed perspective and operational know how with years of experience in capital markets, equipment financing and diversified manufacturing. The 36th Street team has managed investment portfolios in excess of $3 billion in equipment cost and has a structured highly customized funding solutions and robust leasing programs for clients. www.36thstreetcapital.com

Contact:

Jessica Ekeberg Tennenbaum Capital Partners, LLC 310-566-1003 Investor.relations@tennenbaumcapital.com

36th Street Capital Mark Horan info@36thstreetcapital.com 973-464-9769