TCW Group

The TCW Group, Inc.

Trade name	TCW
Company type	Private
Industry	Investment management
Founded	1971;55 years ago (1971)
Headquarters	Los Angeles, California , United States
Key people	Katie Koch (president & CEO) [1]
Products	Fixed Income, Equity, and International Mutual Funds, Strategies, and Alternative Investments
AUM	$201 billion (2025) [2]
Owner	Company management, Carlyle Group and Nippon Life Insurance Company
Website	www.tcw.com

This article is about the investment management firm. For other uses, see TCW (disambiguation).

The TCW Group, Inc. (TCW), formerly Trust Company of the West, is an American asset management firm. Headquarted in Los Angeles, California, the company operates worldwide, offering a range of investment products, including fixed income, equities, asset management and advisory services. The President and CEO of The TCW Group is Katie Koch. ^[1]

History

Founded by Robert Addison Day in 1971 ^[3] and headquartered in Los Angeles; TCW manages a broad range of investment products. ^[4] 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. ^[5]

In 2001, Société Générale (SocGen) acquired a controlling interest in The TCW Group. ^{[6] [7]}

In December 2009, TCW fired its top fund manager, Jeffrey Gundlach, who had offered to buy a majority stake in the firm for about $350 million, (less than 50% of the amount paid by SocGen for its controlling interest in 2001). ^[8] Gundlach established DoubleLine Capital the same month, and was later awarded $66.7 in TCW earnings by a jury in September 2011. ^[9]

On February 24, 2010, TCW announced the completion of its acquisition of smaller rival Metropolitan West Asset Management LLC (MetWest) investment management firm. ^{[10] [8]}

In February 2013, TCW management and alternative asset manager The Carlyle Group acquired TCW Group from Société Générale. ^[11] 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. ^[12]

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. ^[13]

References

1. "TCW Group Inc/The - Company Profile and News". Bloomberg.com. Archived from the original on 2025-08-29. Retrieved 2026-01-24.
2. Moriarty, Brian (2025-09-12). "TCW - Asset Management Company | Morningstar". Morningstar, Inc. Retrieved 2026-01-24.
3. Baer, Justin (2017-12-01). "Carlyle Paring Its Stake In Bond Manager TCW Group" . Wall Street Journal. ISSN   0099-9660 . Retrieved 2019-03-14.
4. "#283 Robert Addison Day". Forbes . Retrieved September 17, 2015.^{[ dead link ]}
5. The TCW Group, Inc.: Our Firm
6. "Societe Generale Confirms It Will Acquire 70% of TCW". The Wall Street Journal. April 2001.
7. "French bank takes a stake in trust company". The New York Times. April 2001.
8. Pressman, Aaron; Ablan, Jennifer (2010-01-19). "SPECIAL REPORT:Divorce American style for French bank, bond star". Reuters . Retrieved 2026-01-24.
9. Slosson, Mary. "Jury awards Gundlach $66.7 million in TCW battle". U.S. Archived from the original on 2023-04-06. Retrieved 2026-01-24.
10. "The TCW Group, Inc.: Press Release: TCW Completes MetWest Acquisition". TCW. February 2010.
11. Karin Anderson (May 19, 2015). "How Is TCW Doing?". Morningstar, Inc.
12. "The Carlyle Group and TCW Management Complete TCW Acquisition". Yahoo News. 2013-02-06. Retrieved 2026-01-24.
13. Horowitz, Eli (2017-12-28). "Nippon Life Insurance Company Acquires Minority Stake in TCW". Los Angeles Business Journal. Retrieved 2026-01-24.

External links

• The TCW Group, Inc. website