TCW Closes Third CLO Fund in 2024 at $400M

The TCW Group announced the $400M closing of its latest CLO fund, the firm’s third new issue CLO close in 2024 and representative, it said, of the strong growth it is experiencing in alternative credit assets. 

TCW CLO 2024-3 was secured primarily by broadly syndicated first-lien leveraged loans, and with it TCW said it now manages 13 CLOs with over $5.4B in dedicated assets under management. In addition to this CLO fund, TCW has also launched TCW AAA CLO ETF this year which aims to provide the income and capital preservation benefits of a CLO in an ETF wrapper. 

Jeffries LLC served as the placement and structuring agent for the latest CLO fundraise. 

Source: https://www.businesswire.com/news/home/20241204046528/en/