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
1970. 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 (“Nippon”) acquired a minority stake in TCW Group. At present, TCW Group
is co-owned by TCW management and employees, Carlyle, and Nippon.
THE SERVICES WE OFFER. We provide investment management and advice for a
wide array of U.S. Equities, U.S. Fixed Income, International and Alternatives investment
strategies for institutional and individual investors through investment advisory accounts
(“Accounts”), private open- and closed-end commingled investment funds (“Funds”) and
structured investment vehicles such as collateralized debt obligations. We are typically the
direct adviser for an Account or Fund, but we sometimes are a sub-adviser.
Our clients include private or government investment funds and institutions, including
pension funds, foreign investment companies, high net worth individuals and family offices
and others. Those clients 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. We may agree with certain clients on investment guidelines
that
restrict the securities or types of securities that we invest in on their behalf.
ASSETS UNDER MANAGEMENT. As of December 31, 2023, we had $64,193,181,956
in discretionary assets under management and $0 in non-discretionary assets under
management. The TCW Group of Companies, including affiliated entities, had
approximately $210 billion in assets under management as of that date.
IMPORTANT NOTICE
This Brochure may be provided to a prospective investor (“Investor”) in one of our Funds,
upon request, together with its private placement memorandum and limited partnership
agreement or similar agreement (“Offering Material”) and other related documents
(“Governing Documents”), in connection with Investor’s consideration of an investment
in the Fund. While this Brochure may include information about the Fund, it does not
represent a complete discussion of the features, risks or conflicts associated with the Fund.
More complete information about each of our Funds is included in its Governing
Documents.
In no event should this Brochure be considered an offer of interests in a Fund or relied
upon in determining to invest in a Fund. It is also not an offer of, or agreement to
provide, advisory services directly to any recipient. Rather, this Brochure is designed
only to provide information about us to comply with regulatory requirements under the
Advisers Act, which may cause information in this Brochure to differ from the information
provided in the Governing Documents. If there is any conflict between the information in
this Brochure and similar information in the Fund’s Governing Documents, you should
rely on the information in the Governing Documents.