History
Founded in 1971 and based in Los Angeles, TCW manages a broad range of investment products. The TCW Group was originally known as The 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 a substantial number of foreign investors and high net worth individuals. TCW works in close partnership with Financial Advisors to help build their businesses and meet the needs of their clients.
As of December 31, 2012, TCW had $138.4 billion of assets under management or committed to management.
In 2001, Société Générale (SocGen) acquired a controlling interest in the TCW Group. On August 9, 2012, TCW announced a definitive agreement for TCW company management along with global alternative asset manager The Carlyle Group to acquire TCW from Société Générale, which will return the firm to its position as an independent asset manager.
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.
In February 2013, TCW management and alternative asset manager The Carlyle Group acquired TCW Group from Société Générale. As a result of the transaction, TCW management and employees will increase 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.
The company is based in Los Angeles with offices in New York and Houston.
Read more about this topic: TCW Group
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