TCW Group

TCW Group is an American asset management firm based in Los Angeles, California.

TCW Group

Company type	Private
Industry	Investment management
Founded	1971; 54 years ago (1971)
Headquarters	Los Angeles, California , United States
Key people	Katie Koch (president & CEO)
Products	Fixed Income, Equity, and International Mutual Funds, Strategies, and Alternative Investments
AUM	$195 billion as of 31 December 2024
Owner	Company management, Carlyle Group and Nippon Life Insurance Company
Website	www.tcw.com

This article is about the investment management firm. For other uses, see TCW (disambiguation).

As of 2024^[update], TCW had $195 billion of assets under management or committed to management.^[1] The President and CEO of The TCW Group is Katie Koch.^[2]

History

Founded by Robert Addison Day in 1971^[3] and headquartered in Los Angeles, TCW manages a broad range of investment products.^[4] The TCW Group was originally known as Trust Company of the West. TCW clients include many of the largest corporate and public pension plans, financial institutions, endowments and foundations in the U.S., as well as foreign investors and high-net-worth individuals.^[5]

In 2001, Société Générale (SocGen) acquired a controlling interest in The TCW Group.^[6][7]

On February 24, 2010, TCW announced the completion of its acquisition of Metropolitan West Asset Management LLC (MetWest), a leading fixed income investment management firm.^[8]

In February 2013, TCW management and alternative asset manager The Carlyle Group acquired TCW Group from Société Générale.^[9] As a result of the transaction, TCW management and employees increased their ownership in the firm to approximately 40% on a fully diluted basis, better aligning interests with clients. Equity for the investment came from two Carlyle investment funds and from TCW management.

In December 2017, Nippon Life Insurance Company purchased a 25% minority stake in TCW from The Carlyle Group. As a result of the purchase, ownership by TCW management and employees increased to 44%, while Carlyle maintains a 31% interest in the firm.