Tennenbaum Capital Partners Appoints Steve Hadden to Advisory Board

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Apr 06, 2015, 08:45 ET

SANTA MONICA, Calif., April 6, 2015 /PRNewswire/ -- Tennenbaum Capital Partners, LLC ("TCP") today announced that Steve Hadden, the former Executive Vice President of Worldwide Exploration and Production of Devon Energy, Inc., has joined the firm's Advisory Board as a Senior Executive Advisor. In this role, Mr. Hadden will work with the TCP investment team to evaluate investment opportunities in the energy sector, and serve as a valuable resource to the management teams of its portfolio companies. Mr. Hadden joins David Kilpatrick, the former President and COO of Monterey Resources, who has acted as a Senior Executive Advisor to TCP since 2010.

"Steve Hadden is an accomplished executive with decades of experience developing energy assets around the world," said David Adler, a Partner of TCP. "We are thrilled to have Steve join our Advisory Board, and look forward to working closely with him to analyze a growing set of energy sector financing opportunities."

Mr. Hadden said, "I am excited to join the TCP Advisory Board. The firm has a dedicated energy platform and a successful history of investing in the sector. I am eager to use my experience and relationships to help TCP increase its energy industry resources and deal flow."

Mr. Hadden has over 30 years of experience in the oil and gas industry, having served in various management roles for Texaco Inc., now Chevron Corporation, and more recently as Executive Vice President of Worldwide Exploration and Production for Devon Energy Corporation from July 2004 until March 2009. Mr. Hadden is currently a director of LINN Energy, and serves on its nominating, compensation, and audit committees. Mr. Hadden also serves on the board of directors and the compensation committee of FMSA Holdings Inc. Previously, Mr. Hadden was a director with Berry Petroleum Company from February 2011 until its merger with LINN Energy. Mr. Hadden also served with the following entities: The Advisory Board of the Society of Petroleum Engineers, the Upstream Committee of the American Petroleum Institute, the Allied Arts Board and the Western States Petroleum Association.

About Tennenbaum Capital Partners, LLC

Tennenbaum Capital Partners, LLC ("TCP") is a Los Angeles-based 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 $14.5 billion in over 380 companies. For more information, please visit: www.tennenbaumcapital.com and www.tcpcapital.com.

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