•  
• Tweet
•  
•  
•        Print
•  
•        Email
•  
•         Track Keywords

TCW now manages 11 CLOs with over $4.5 billion of dedicated CLO assets under management (AUM) and over $6.5 billion of broadly syndicated loans. Over the past four years, TCW has more than doubled its alternative credit assets under management. Across TCW's private credit platform, private asset-backed finance business, CLO liabilities and CLO AUM, TCW now manages nearly $20 billion in alternative credit products. CLOs are managed within TCW's $52 billion integrated global credit platform. TCW CLO-2024-1 will be led by Senior Portfolio Managers Drew Sweeney and Ken Toshima.

"TCW has a strong heritage in investing in credit markets across the quality and liquidity spectrum, and we view CLOs as a core area of focus and growth," said Jerry Cudzil, Fixed Income Generalist Portfolio Manager.

As previously announced, TCW recently entered into a strategic CLO equity investment partnership with Lakemore Partners Ltd., a leading private credit investment firm, to support the growth of TCW's CLO platform.

"We have worked tirelessly to develop a best-in-class process for the construction and management of CLOs, and are continuously grateful for the trust and confidence our investment partners place in TCW," said Sweeney.

Jefferies LLC served as placement agent and structuring agent.