 | |
| Company type | Private |
|---|---|
| Industry | Investment management |
| Founded | 1971 |
| Headquarters | 515 S. Flower St. Los Angeles, California, United States, 90071 |
Key people | Katie Koch (president & CEO) |
| Products | Fixed Income, Equity, and International Mutual Funds, Strategies, and Alternative Investments |
| AUM | $197 billion as of 30 June 2024 |
| Owner | Company management, Carlyle Group and Nippon Life Insurance Company |
| Website | www |
TCW Group is an asset management firm based in Los Angeles, California.
Founded by Robert Addison Day in 1971 [1] and headquartered in Los Angeles, TCW manages a broad range of investment products. [2] The TCW Group was originally known as Trust Company of the West. TCW clients include many of the largest corporate and public pension plans, financial institutions, endowments and foundations in the U.S., as well as foreign investors and high-net-worth individuals. [3]
In 2001, Société Générale (SocGen) acquired a controlling interest in The TCW Group. [4] [5]
On February 24, 2010, TCW announced the completion of its acquisition of Metropolitan West Asset Management LLC (MetWest), a leading fixed income investment management firm. [6]
In February 2013, TCW management and alternative asset manager The Carlyle Group acquired TCW Group from Société Générale. [7] As a result of the transaction, TCW management and employees increased their ownership in the firm to approximately 40% on a fully diluted basis, better aligning interests with clients. Equity for the investment came from two Carlyle investment funds and from TCW management.
In December 2017, Nippon Life Insurance Company purchased a 25% minority stake in TCW from The Carlyle Group. As a result of the purchase, ownership by TCW management and employees increased to 44%, while Carlyle maintains a 31% interest in the firm.
As of June 30, 2024, TCW had $197 billion of assets under management or committed to management. [8] The President and CEO of The TCW Group is Katie Koch. [9]
The Carlyle Group Inc. is an American multinational private equity, alternative asset management and financial services corporation based in the United States with $426 billion of assets under management. It specializes in private equity, real assets, and private credit. It is one of the largest mega-funds in the world. In 2015, Carlyle was the world's largest private equity firm by capital raised over the previous five years, according to the PEI 300 index. In the 2024 ranking however, it had slipped to sixth place.
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