TCW Group: $400M CLO Fund Close
- The TCW Group has successfully closed TCW CLO 2024-3, a $400 million collateralized loan obligation (CLO) fund.This fund is primarily secured by broadly syndicated first-lien loans and represents...
- TCW's alternative credit assets under management have more than doubled since 2020, marking a period of significant expansion for the firm.
- Currently, TCW manages 13 CLOs, totaling approximately $5.4 billion in dedicated CLO assets.The firm also recently introduced the TCW AAA CLO ETF (ACLO),providing investors access to AAA CLOs...
TCW Group has closed its TCW CLO 2024-3, a $400 million collateralized loan obligation (CLO) fund, demonstrating strong investor confidence in the alternative credit market. This fund, backed by broadly syndicated first-lien loans, is the third new issue CLO closure for TCW in 2024, showcasing their robust activity in this space. The firmS alternative credit assets have more than doubled since 2020. Currently managing 13 CLOs,totaling approximately $5.4 billion, TCW also recently launched the TCW AAA CLO ETF (ACLO). Jefferies facilitated the placement and structuring. News Directory 3 follows the action as TCW anticipates continued growth, fueled by investor trust and its successful strategy in the CLO market.Expect more developments; discover what’s next in the expanding CLO landscape.
TCW Group Closes $400M CLO Fund Amid Alternative Credit Growth
Updated May 30, 2025
The TCW Group has successfully closed TCW CLO 2024-3, a $400 million collateralized loan obligation (CLO) fund.This fund is primarily secured by broadly syndicated first-lien loans and represents TCW’s third new issue CLO closure in 2024.
TCW’s alternative credit assets under management have more than doubled since 2020, marking a period of significant expansion for the firm.
Currently, TCW manages 13 CLOs, totaling approximately $5.4 billion in dedicated CLO assets.The firm also recently introduced the TCW AAA CLO ETF (ACLO),providing investors access to AAA CLOs through an exchange-traded fund. Jefferies served as the placement and structuring agent for TCW’s CLO platform, which has completed three new issues, two CLO resets, and two refinancings in 2024.
“We expect to see strong growth in our CLO platform over the coming years and are grateful for the confidence investors place in our process and approach,” said Drew Sweeney, senior portfolio manager.
What’s next
TCW anticipates continued expansion of its collateralized loan obligation (CLO) platform, building on investor confidence and its established approach to alternative credit assets.