TCW Group
| TCW | |
| Company type | Private |
| Industry | Investment management |
| Founded | 1971 |
| Headquarters | , |
Key people | Katie Koch (president & CEO)[1] |
| Products | Fixed Income, Equity, and International Mutual Funds, Strategies, and Alternative Investments |
| AUM | $201 billion (2025)[2] |
| Owner | Company management, Carlyle Group and Nippon Life Insurance Company |
| Website | www |
The TCW Group, Inc. (TCW), formerly Trust Company of the West, is an American asset management firm. Headquartered in Los Angeles, California, the company operates worldwide, offering a range of investment products, including fixed income, equities, asset management and advisory services. The President and CEO of The TCW Group is Katie Koch.[1]
History
Founded by Robert Addison Day in 1971[3] and headquartered in Los Angeles; TCW manages a broad range of investment products.[4] 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]
In December 2009, TCW fired its top fund manager, Jeffrey Gundlach, who had offered to buy a majority stake in the firm for about $350 million, (less than 50% of the amount paid by SocGen for its controlling interest in 2001).[8] Gundlach established DoubleLine Capital the same month, and was later awarded $66.7 in TCW earnings by a jury in September 2011.[9]
On February 24, 2010, TCW announced the completion of its acquisition of smaller rival Metropolitan West Asset Management LLC (MetWest) investment management firm.[10][8]
In February 2013, TCW management and alternative asset manager The Carlyle Group acquired TCW Group from Société Générale.[11] 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.[12]
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.[13]
References
- ^ a b "TCW Group Inc/The - Company Profile and News". Bloomberg.com. Archived from the original on 2025-08-29. Retrieved 2026-01-24.
- ^ Moriarty, Brian (2025-09-12). "TCW - Asset Management Company | Morningstar". Morningstar, Inc. Retrieved 2026-01-24.
- ^ Baer, Justin (2017-12-01). "Carlyle Paring Its Stake In Bond Manager TCW Group". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-03-14.
- ^ "#283 Robert Addison Day". Forbes. Retrieved September 17, 2015.
- ^ The TCW Group, Inc.: Our Firm
- ^ "Societe Generale Confirms It Will Acquire 70% of TCW". The Wall Street Journal. April 2001.
- ^ "French bank takes a stake in trust company". The New York Times. April 2001.
- ^ a b Pressman, Aaron; Ablan, Jennifer (2010-01-19). "SPECIAL REPORT:Divorce American style for French bank, bond star". Reuters. Retrieved 2026-01-24.
- ^ Slosson, Mary. "Jury awards Gundlach $66.7 million in TCW battle". U.S. Archived from the original on 2023-04-06. Retrieved 2026-01-24.
- ^ "The TCW Group, Inc.: Press Release: TCW Completes MetWest Acquisition". TCW. February 2010.
- ^ Karin Anderson (May 19, 2015). "How Is TCW Doing?". Morningstar, Inc.
- ^ "The Carlyle Group and TCW Management Complete TCW Acquisition". Yahoo News. 2013-02-06. Retrieved 2026-01-24.
- ^ Horowitz, Eli (2017-12-28). "Nippon Life Insurance Company Acquires Minority Stake in TCW". Los Angeles Business Journal. Retrieved 2026-01-24.
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