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Direct Investment  + CLOs  | 
TCW Group Closes Third CLO Fund at $400M 

TCW Group Closes Third CLO Fund at $400M 

The TCW Group closed a $400 million collateralized loan obligation (CLO) fund, TCW CLO 2024-3, secured primarily by broadly syndicated first-lien loans. The CLO is TCW’s third new issue CLO close in 2024. The firm has significantly expanded its alternative credit assets, more than doubling its assets under management since 2020. 

TCW currently manages 13 CLOs with approximately $5.4 billion in dedicated CLO assets. The firm recently launched the TCW AAA CLO ETF (ACLO), offering investors access to AAA CLOs through an ETF. In 2024, TCW’s CLO platform has completed three new issues, two CLO resets, and two refinancings, with Jefferies serving as placement and structuring agent. 

“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. 

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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