TCW

TCW Files for New Active Fixed Income ETFs and ETF Conversions

Retrieved on: 
Monday, April 8, 2024
Asset Management, Professional Services, Finance, TCW Group, ETF, TCW, Security (finance), Ticker

The TCW Group, a leading global asset management firm, filed an initial registration statement in connection with two new active fixed income exchange-traded funds (ETFs) and the conversion of four active fixed income funds to ETFs.

Key Points: 
  • The TCW Group, a leading global asset management firm, filed an initial registration statement in connection with two new active fixed income exchange-traded funds (ETFs) and the conversion of four active fixed income funds to ETFs.
  • “We are excited to come to market with our first TCW branded fixed income ETFs, which is a natural extension of our distinguished fixed income business and existing ETF platform,” said Jennifer Grancio, Global Head of Distribution at TCW.
  • Shareholders should read the combined prospectus/information statement, which will contain important information about the proposed conversions, when it becomes available.
  • Following their registration with the Securities and Exchange Commission, the ETFs will join TCW’s existing ETF offerings, which includes the TCW Transform Systems ETF (Ticker: NETZ), the TCW Transform Supply Chain ETF (Ticker: SUPP), and the TCW Transform 500 ETF (Ticker: VOTE).

TCW Strategic Income Fund Announces Quarterly Distribution

Retrieved on: 
Thursday, March 14, 2024
Asset Management, Professional Services, Finance, Internal Revenue Code, TCW, Fund, TSI, Policy

TCW Strategic Income Fund, Inc. (NYSE: TSI) today announced a quarterly distribution of $0.06 per share payable to shareholders of record on March 28, 2024, with the payable date of April 12, 2024.

Key Points: 
  • TCW Strategic Income Fund, Inc. (NYSE: TSI) today announced a quarterly distribution of $0.06 per share payable to shareholders of record on March 28, 2024, with the payable date of April 12, 2024.
  • Distribution policy is a matter of Board discretion and may be modified or terminated at any time without prior notice.
  • TSI is a closed-end fund listed on the New York Stock Exchange.
  • The Fund began operations in March 1987 and currently has net assets of approximately $244 million.

TCW Closes $400 Million CLO, Adding to Strong Growth in Alternative Credit

Retrieved on: 
Monday, February 26, 2024
Banking, Asset Management, Professional Services, Finance, CLO, Growth, TCW, AUM, Trust, Jefferies Group, TCW Group, Lisp (programming language), Partnership

TCW now manages 11 CLOs with over $4.5 billion of dedicated CLO assets under management (AUM) and over $6.5 billion of broadly syndicated loans.

Key Points: 
  • TCW now manages 11 CLOs with over $4.5 billion of dedicated CLO assets under management (AUM) and over $6.5 billion of broadly syndicated loans.
  • Over the past four years, TCW has more than doubled its alternative credit assets under management.
  • Across TCW’s private credit platform, private asset-backed finance business, CLO liabilities and CLO AUM, TCW now manages nearly $20 billion in alternative credit products.
  • As previously announced, TCW recently entered into a strategic CLO equity investment partnership with Lakemore Partners Ltd., a leading private credit investment firm, to support the growth of TCW’s CLO platform.

TCW Launches New Asset-Backed Finance Business

Retrieved on: 
Thursday, January 25, 2024
Asset Management, Professional Services, Finance, TCW, CLO, Partner, Partnership, TCW Group, Growth

The TCW Group, a leading global investment firm with over $200 billion of assets under management, announced today the launch of a dedicated Asset-Backed Finance (“ABF”) business that will be anchored with over $1 billion in capital commitments from TCW, partners, and affiliates.

Key Points: 
  • The TCW Group, a leading global investment firm with over $200 billion of assets under management, announced today the launch of a dedicated Asset-Backed Finance (“ABF”) business that will be anchored with over $1 billion in capital commitments from TCW, partners, and affiliates.
  • Dylan Ross joined The TCW Group earlier this month as a Managing Director and Portfolio Manager to lead the asset-backed finance investment efforts.
  • Mr. Ross brings to TCW almost 20 years of experience in alternative credit investing with a primary focus on structured credit and asset-backed finance.
  • “Our new asset-backed finance team will complement our existing securitized business and drive synergies across the platform.”

BioCorRx Appoints Renowned Investment and Capital Markets Executive Louis Lucido as President

Retrieved on: 
Tuesday, January 9, 2024
TCW, LP, CFO, CASA, Business, Chair, Senior advisor, Lupus, MBA, OTCQB, Interim, Lupus Research Alliance, Letter, DFG, Substance abuse, Growth

Additionally, the Company announced that Brady Granier has submitted his letter of resignation as President of BioCorRx Inc. and Chief Executive Officer of BioCorRx Pharmaceuticals, a subsidiary of the Company, effective January 31, 2024.

Key Points: 
  • Additionally, the Company announced that Brady Granier has submitted his letter of resignation as President of BioCorRx Inc. and Chief Executive Officer of BioCorRx Pharmaceuticals, a subsidiary of the Company, effective January 31, 2024.
  • Mr. Granier's resignation did not arise as a result of any disagreement with the Company nor BioCorRx Pharmaceuticals.
  • Lourdes Felix, CEO, CFO, and Director of BioCorRx Inc., commented, “I am pleased to announce Louis’ appointment to Interim President of BioCorRx effective immediately and his transition to President of BioCorRx in February.
  • Louis’ breadth of experience in corporate finance and capital markets will be invaluable as we execute our growth strategy and plan for a Nasdaq listing.”
    Mr. Lucido has been a Director of BioCorRx Inc. since March 1, 2019.

TCW Strategic Income Fund Announces Quarterly Distribution

Retrieved on: 
Friday, December 15, 2023
Banking, Professional Services, Finance, Internal Revenue Code, TCW, NYSE, Policy, Fund, TSI, Life insurance

TCW Strategic Income Fund, Inc. (NYSE: TSI) today announced a quarterly distribution of $0.175 per share payable to shareholders of record on December 29, 2023, with the payable date of January 12, 2024.

Key Points: 
  • TCW Strategic Income Fund, Inc. (NYSE: TSI) today announced a quarterly distribution of $0.175 per share payable to shareholders of record on December 29, 2023, with the payable date of January 12, 2024.
  • The distribution represents a regular quarterly distribution of $0.06 and an additional special year-end distribution of $0.115 from net investment income.
  • Distribution policy is a matter of Board discretion and may be modified or terminated at any time without prior notice.
  • The Fund began operations in March 1987 and currently has net assets of approximately $245 million.

Generate Capital Announces Investment Industry Leader, William Sonneborn, As Its New President

Retrieved on: 
Tuesday, December 12, 2023
Environment, Finance, Consulting, Other Energy, Environmental Health, Professional Services, Sustainability, Alternative Energy, Energy, Asset Management, Generate, Georgetown University, Funding, Agriculture, Creative industries, St. Albans School, Investment, TCW, Disruptive innovation, KKR, SunLight General Capital, EIG, City, Kohlberg Kravis Roberts, Infrastructure Transitions Research Consortium, Water, Growth, Renewable energy, Management

Today, Generate Capital, a leading sustainable investment and operating company, announced the appointment of William (“Bill”) Sonneborn as President.

Key Points: 
  • Today, Generate Capital, a leading sustainable investment and operating company, announced the appointment of William (“Bill”) Sonneborn as President.
  • Mr. Sonneborn has an extensive background investing across multiple asset classes and industries, including sustainable infrastructure, energy and disruptive technologies.
  • As CEO, Mr. Sonneborn helped diversify KKR’s investment strategies away from control private equity and launched its private credit business.
  • With over $8 billion in capital raised since its inception, Generate has invested over $6 billion in sustainable infrastructure, including $2 billion in 2022 alone.

TCW Completes Acquisition of Engine No. 1 ETF Business

Retrieved on: 
Monday, October 16, 2023
Asset Management, Professional Services, Finance, Ticker, Investment, Acquisition, Lead, Transform, TCW, Culture, Prospectus, ETF, Fund, Growth, TCW Group, NAV, Financial adviser

The TCW Group, a leading global asset management firm, today announced the successful completion of its previously announced agreement to acquire the exchange-traded fund (ETF) business and its infrastructure from Engine No.

Key Points: 
  • The TCW Group, a leading global asset management firm, today announced the successful completion of its previously announced agreement to acquire the exchange-traded fund (ETF) business and its infrastructure from Engine No.
  • 1’s Transform ETF platform, which includes the Transform Climate ETF (Ticker: NETZ); Transform Supply Chain ETF (Ticker: SUPP); and the Transform 500 ETF (Ticker: VOTE).
  • The acquisition expands the range of investment products available to TCW’s clients and adds a capability in the tax-advantaged ETF wrapper.
  • The Transform ETF platform expands TCW’s capabilities by providing the infrastructure and expertise for TCW to build an even larger ETF platform which may include other active core and thematic strategies.

Engine No. 1 Closes Sale of ETF Business to TCW

Retrieved on: 
Monday, October 16, 2023
Asset Management, Professional Services, Finance, Ticker, TCW Group, TCW, Transform, Sale, Acquisition, ETF, Financial adviser

1 , an alternative asset manager that provides capital and operational expertise to industries undergoing fundamental transition, today announced the close of the sale of its Transform ETF platform to The TCW Group.

Key Points: 
  • 1 , an alternative asset manager that provides capital and operational expertise to industries undergoing fundamental transition, today announced the close of the sale of its Transform ETF platform to The TCW Group.
  • “The closing of the sale of our ETF platform to TCW marks the successful evolution of a business we launched and rapidly developed to become a leader in the active thematic space,” said Chris James, Engine No.
  • With the sale’s closing, TCW has acquired the active thematic Transform Climate ETF (Ticker: NETZ); Transform Supply Chain ETF (Ticker: SUPP); and the Transform 500 ETF (Ticker: VOTE) index fund.
  • 1 who helped build the business and make this sale possible.”

TCW Strategic Income Fund Announces Quarterly Distribution

Retrieved on: 
Friday, September 15, 2023
Banking, Professional Services, Finance, Policy, Internal Revenue Code, Investment Company Act of 1940, NYSE, TCW, Fund, TSI

TCW Strategic Income Fund, Inc. (NYSE: TSI) today announced a quarterly distribution of $0.06 per share payable to shareholders of record on September 29, 2023, with the payable date of October 13, 2023.

Key Points: 
  • TCW Strategic Income Fund, Inc. (NYSE: TSI) today announced a quarterly distribution of $0.06 per share payable to shareholders of record on September 29, 2023, with the payable date of October 13, 2023.
  • Distribution policy is a matter of Board discretion and may be modified or terminated at any time without prior notice.
  • TSI is a closed-end fund listed on the New York Stock Exchange.
  • The Fund began operations in March 1987 and currently has net assets of approximately $242 million.