Global asset management company the TCW Group, has closed a $400 million Collateralised Loan Obligation (CLO) fund, TCW CLO 2023-2, Ltd, which is secured primarily by broadly syndicated first lien loans.
CLOs are managed within TCW’s $70bn integrated global credit platform, and this new fund will be managed by Senior Portfolio Managers Drew Sweeney and Ken Toshima.
TCW recently entered into a strategic CLO equity investment partnership with Lakemore Partners Ltd, a private credit investment firm, to support the growth of its CLO platform.
Jefferies LLC served as placement agent and structuring agent.
