Overview
WHO WE ARE. We are an investment adviser registered with the SEC under the
Investment Advisers Act of 1940, as amended (the “Advisers Act”), and have been since
January, 2013. We are a Delaware limited liability company.
We are wholly-owned by The TCW Group, Inc., a Nevada corporation (“TCW Group”).
In February 2013, TCW management and private investment funds affiliated with
alternative asset manager The Carlyle Group (together with such affiliated funds,
“Carlyle”) acquired TCW Group. On December 27, 2017, Nippon Life Insurance
Company acquired a 24.75% minority stake in TCW Group. As a result of the transaction,
TCW management and employees have increased their ownership in the firm to
approximately 44.07% and Carlyle maintains a 31.18% interest in TCW Group.
THE SERVICES WE OFFER. We offer discretionary investment management services
regarding securities and other financial instruments to closed-end private commingled
investment funds advised and/or managed by us
and/or our affiliates (“Funds”).
We invest these assets primarily in privately originated loans to middle market borrowers.
We may agree with one or more funds we manage on investment guidelines that restrict
the securities we invest in on their behalf.
Investors in the Funds include private or government investment funds and institutions,
including pension funds, high net worth individuals, family offices and others. These are
generally sophisticated investors and often have internal and external consultants and
advisers to assist them with determinations of their individual needs, such as allocations
among types of investments, and do not seek those determinations from us.
ASSETS UNDER MANAGEMENT. As of December 31, 2022, we had $21,564,499 in
discretionary assets under management and $0 in non-discretionary assets under
management. The TCW Group of Companies, including affiliated entities, had
approximately $205.2 billion in assets under management as of that date.