TCW Group

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Global investment management firm

title: "TCW Group" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["financial-services-companies-established-in-1971", "investment-management-companies-of-the-united-states", "companies-based-in-los-angeles", "2001-mergers-and-acquisitions", "2013-mergers-and-acquisitions", "the-carlyle-group-companies", "american-companies-established-in-1971", "asset-management-companies"] description: "Global investment management firm" topic_path: "economics" source: "https://en.wikipedia.org/wiki/TCW_Group" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Global investment management firm ::

::data[format=table title="Infobox company"]

FieldValue
nameThe TCW Group, Inc.
logoTCW Group logo.svg
image_captionHeadquarters at 515 S. Flower St. Los Angeles, CA 90071
trade_nameTCW
typePrivate
foundation
location_cityLos Angeles, California
location_countryUnited States
industryInvestment management
productsFixed Income, Equity, and International Mutual Funds, Strategies, and Alternative Investments
aum$201 billion (2025)
key_peopleKatie Koch (president & CEO)
homepage
ownerCompany management, Carlyle Group and Nippon Life Insurance Company
::

| name = The TCW Group, Inc. | logo = TCW Group logo.svg | image = | image_caption = Headquarters at 515 S. Flower St. Los Angeles, CA 90071 | trade_name = TCW | type = Private | foundation = | location_city = Los Angeles, California | location_country = United States | industry = Investment management | products = Fixed Income, Equity, and International Mutual Funds, Strategies, and Alternative Investments | aum = $201 billion (2025) | key_people = Katie Koch (president & CEO) | homepage = | owner = Company management, Carlyle Group and Nippon Life Insurance Company | num_employees = ::callout[type=note] the investment management firm ::

The TCW Group, Inc. (TCW), formerly Trust Company of the West, is an American asset management firm. Headquarted 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.

History

Founded by Robert Addison Day in 1971 and headquartered in Los Angeles; TCW manages a broad range of investment products. 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.

In 2001, Société Générale (SocGen) acquired a controlling interest in The TCW Group.

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). Gundlach established DoubleLine Capital the same month, and was later awarded $66.7 in TCW earnings by a jury in September 2011.

On February 24, 2010, TCW announced the completion of its acquisition of smaller rival Metropolitan West Asset Management LLC (MetWest) 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 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.

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.

References

References

  1. Moriarty, Brian. (2025-09-12). "TCW - Asset Management Company {{!}} Morningstar".
  2. "TCW Group Inc/The - Company Profile and News".
  3. Baer, Justin. (2017-12-01). "Carlyle Paring Its Stake In Bond Manager TCW Group". Wall Street Journal.
  4. (January 2022). "#283 Robert Addison Day". [[Forbes]].
  5. [https://www.tcw.com/en/Our-Firm The TCW Group, Inc.: Our Firm]
  6. (April 2001). "Societe Generale Confirms It Will Acquire 70% of TCW". The Wall Street Journal.
  7. (April 2001). "French bank takes a stake in trust company". The New York Times.
  8. Slosson, Mary. "Jury awards Gundlach $66.7 million in TCW battle". U.S..
  9. (February 2010). "The TCW Group, Inc.: Press Release: TCW Completes MetWest Acquisition". TCW.
  10. Pressman, Aaron. (2010-01-19). "SPECIAL REPORT:Divorce American style for French bank, bond star". [[Reuters]].
  11. Karin Anderson. (May 19, 2015). "How Is TCW Doing?". [[Morningstar, Inc.]].
  12. (2013-02-06). "The Carlyle Group and TCW Management Complete TCW Acquisition".
  13. Horowitz, Eli. (2017-12-28). "Nippon Life Insurance Company Acquires Minority Stake in TCW".

::callout[type=info title="Wikipedia Source"] This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page. ::

financial-services-companies-established-in-1971investment-management-companies-of-the-united-statescompanies-based-in-los-angeles2001-mergers-and-acquisitions2013-mergers-and-acquisitionsthe-carlyle-group-companiesamerican-companies-established-in-1971asset-management-companies