LIMITED POWER OF ATTORNEY FOR
SECTION 16 REPORTING OBLIGATIONS

Know
all by these presents, that the undersigned hereby authorizes David A.
Hollander of Tennenbaum Capital Partners, LLC, to execute for and on behalf
of the undersigned, in the undersigned's individual capacity, and on behalf
of Tennenbaum & Co., LLC ("TCO"), in the undersigned's capacity as the
managing member of TCO. Schedules 13 and Forms 3, 4 and 5, and any
amendments thereto, and cause such schedule(s) or form(s) to be filed with
the United States Securities and Exchange Commission pursuant to Section
13(d)-(g) or Section 16(a) of the Securities exchange Act of 1934, as
amended. The undersigned hereby grants to such attorney-in-fact full power
and authority to do and perform any and every act and thing whatsoever
requisite, necessary, or proper to be done in the exercise of any of the
rights and powers herein granted, as fully to all intents and purposes as
the undersigned might or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact shall lawfully do or cause to be done by virtue of this
power of attorney and the rights and powers herein granted.

This
Limited Power of Attorney shall remain in full force and effect until
revoked by the undersigned in a signed writing delivered to the foregoing
attorney-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this
Limited Power of Attorney to be executed as of this 22nd day of April,
2003.

/s/ Michael E. Tennenbaum
____________________________________

MICHAEL E. TENNENBAUM

STATE OF CALIFORNIA    )
	   )ss.
ACKNOWLEDGMENT
COUNTY OF LOS ANGELES	   )

    I, Alice M. Carter, a
Notary Public in and for said County and State, hereby certify that Michael
E. Tennenbaum, whose name is signed to the foregoing LIMITED POWER OF
ATTORNEY, and who is known to me, acknowledged before me on this day, that
being informed of the contents thereof, he voluntarily executed the same on
the day of its date.

    Given under my hand and official seal of
office on this 22nd day of April, 2003.

/s/ Alice Carter

__________________________________________________

Notary Public in
and for said
County and State

********************

Confirming
Statement
This Statement confirms that the undersigned, Suzanne S.
Tennenbaum, has authorized and designated Michael E. Tennenbaum to execute
and file on the undersigned's behalf all Forms 3, 4 and 5 (including any
amendments thereto) that the undersigned may be required to file with the
U.S. Securities and Exchange Commission as a result of the undersigned's
ownership of or transactions in securities of Kaiser Group Holdings, Inc.
The authority of Michael E. Tennenbaum under this Statement shall continue
until the undersigned is no longer required to file Forms 3, 4 and 5 with
regard to her ownership of or transactions in securities of Kaiser Group
Holdings, Inc., unless earlier revoked in writing.  The undersigned
acknowledges that Michael E. Tennenbaum is not assuming any of the
undersigned's responsibilities to comply with Section 16 of the Securities
Exchange Act of 1934, as amended.

Dated:  January 29, 2003


/s/Suzanne S. Tennenbaum