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Direct Investment  + CLOs  |  April 4, 2025
TCW Group Closes Third CLO Fund at $400M 
Joe Palmisano
By: Joe Palmisano

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 of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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