The TCW Group, a global asset manager, announced the close of TCW CLO 2025-1, a $400 million collateralized loan obligation (CLO) fund secured primarily by broadly syndicated first-lien loans.
This close reportedly marks TCW’s 14th CLO and underscores TCW’s “continued growth across the alternative credit spectrum.”
Since 2020, TCW has more than “doubled its alternative credit assets under management (AUM).”
TCW manages alternative credit “across private credit, private asset-backed finance, CLO liabilities and CLO assets under management.”
During 2024, TCW had strong CLO activity that “included three new issue CLO closings, two resets and two refinancings.”
In the first quarter of 2025, TCW has “continued this activity with today’s announced new issue as well as two resets and one refinancing.”
Jerry Cudzil, Fixed Income Generalist Portfolio Manager said:
“As we continue to invest in our CLO platform and credit alternatives more broadly, we are seeing ongoing growth in our client base globally. TCW today has a robust lineup of alternative products and we remain focused on expanding our suite of alternative credit solutions for the benefit of our clients.”
TCW today manages approximately “$6 billion of dedicated CLO assets.”
In addition, last year, TCW launched a dedicated CLO exchange-traded fund, the TCW AAA CLO ETF (Ticker: ACLO), that “provides investors the opportunity to invest in AAA CLOs through an ETF.”
Drew Sweeney, Senior Portfolio Manager said:
“Following on a strong 2024, we expect continued growth in our CLO platform this year and beyond. We are grateful for the confidence investors continue to place in TCW’s disciplined process and approach.”
Jefferies LLC served as placement agent and structuring agent.
The TCW AAA CLO ETF is advised by TCW Investment Management Company LLC.
Distributed by Foreside Financial Services, LLC.
As noted in the update, TCW is a global asset management firm with a range of products across “fixed income, alternative investments, equities, and emerging markets with over half a century of investment experience.”
Through its ETF suite, TCW MetWest Funds and TCW Funds, TCW manages one of the “largest fund complexes in the U.S.”
TCW’s clients reportedly include many of the world’s “corporate and public pension plans, financial institutions, endowments and foundations, as well as financial advisors and high net worth individuals.”