Tcw Asset Management Company Llc
SEC-registered
Investment Adviser · Large ($10B–$100B)
CRD 105742
· SEC file 801-6642
· Los Angeles, CA
· www.youtube.com
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ADV data as of May 05, 2026
- Regulatory AUM
- $81.2B
- Discretionary
- $81.1B
- Clients
- 200
- Avg AUM / client
- $406M
- Accounts
- 218
- Employees
- 431
AUM over time
$30.7B
$81.2B
Dec 2011
May 2026
Annual snapshots from Form ADV filings · as of May 05, 2026
Asset allocation (SMA assets by investment type)
as of May 05, 2026
Investment-grade corporate bonds
$26.8B
33%
Other
$24.4B
30%
Sovereign bonds
$10.6B
13%
US government & agency bonds
$8.1B
10%
Exchange-traded equities
$4.9B
6%
Registered investment companies (funds/ETFs)
$4.1B
5%
Non-investment-grade bonds
$2.4B
3%
Cash & equivalents
$1.6B
2%
Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 19 | $637M | 0.79% |
| Banking or thrift institutions | 1 | $434M | 0.53% |
| Business development companies | 5 | $3.2B | 3.94% |
| Pooled investment vehicles (non-investment companies) | 84 | $30.1B | 37.1% |
| Pension and profit sharing plans | 22 | $6.4B | 7.84% |
| Charitable organizations | 5 | $328M | 0.4% |
| State or municipal government entities | 17 | $9.3B | 11.5% |
| Insurance companies | 13 | $8.0B | 9.92% |
| Sovereign wealth funds and foreign official institutions | 22 | $21.6B | 26.5% |
| Corporations and other businesses | 12 | $1.2B | 1.46% |
Private funds (33)
View all →Reported in Form ADV Section 7.B.(1), filing of Oct 2024 · $9.2B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Tcw Direct Lending Structured Solutions 2022 Llc | Hedge Fund | Delaware | $702M | 11 |
| Tcw Skyline Lending, L.P. | Hedge Fund | Delaware | $664M | 3 |
| Tcw Direct Lending Structured Solutions 2019 Llc | Hedge Fund | Delaware | $609M | 12 |
| Tcw Securitized Opportunities, L.P. master | Other Private Fund | Delaware | $565M | 50 |
| Tcw Rescue Financing Fund Lp master | Hedge Fund | Delaware | $538M | 37 |
| Tcw Clo 2020 1, Ltd. | Securitized Asset Fund | Cayman Islands | $500M | 0 |
| Tcw Clo 2017 1, Ltd. | Securitized Asset Fund | Cayman Islands | $499M | 0 |
| Tcw Brazos Fund Llc | Hedge Fund | Delaware | $445M | 3 |
| Tcw Clo 2023 2, Ltd. | Securitized Asset Fund | Cayman Islands | $402M | 0 |
| Tcw Clo 2021 1, Ltd. | Securitized Asset Fund | Cayman Islands | $401M | 0 |
| Tcw Clo 2019 1 Amr, Ltd. | Securitized Asset Fund | Cayman Islands | $401M | 0 |
| Tcw Clo 2021 2, Ltd. | Securitized Asset Fund | Cayman Islands | $401M | 0 |
| Tcw Clo 2022 1, Ltd. | Securitized Asset Fund | Cayman Islands | $401M | 0 |
| Tcw Clo 2023 1, Ltd. | Securitized Asset Fund | Cayman Islands | $400M | 0 |
| Tcw Clo 2019 2, Ltd. | Securitized Asset Fund | Cayman Islands | $400M | 0 |
Nonprofit clients
Charities that reported this firm as a top-paid contractor (investment services) on Form 990.
| Charity | Location | Period |
|---|---|---|
| National Stabilization Agreement Of Sheet Metal Workers Industry Tr Fd EIN 237315003 | Falls Church, VA | 12/31/2024 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Retirement And Pension Plan For Officers & Employees Of The Nycdcc And Related Organizations Bd Trustees Ret And Pension Plan For Officers And | 2024 | |
| Jpmorgan Chase Retirement Plan Jpmorgan Chase Bank, National Association | 2024 | |
| Boca Raton Regional Hospital Employees Pension Plan Boca Raton Regional Hospital, Inc. | 2024 | |
| Pension Plan For Employees Of American Water Works Company, Inc. & Its Designated Subsidiaries American Water Works Co., Inc. | 2024 | |
| Pension Plan For Certain Inactive Participants Of American Water Works Company, Inc. And Its Designa American Water Works Co., Inc. | 2024 | |
| The Queen's Health Systems Pension Plan The Queen's Health Systems | 2024 |
People (6)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Stern, Marc, Irwin | Board Member, Chairman | Feb 2013 (14y) | Less than 5% | |
| Xiques, Gladys | Global Chief Compliance Officer | Jan 2021 (6y) | Less than 5% | |
| Villa, Richard, Manuel | Executive Vice President, Chief Financial Officer | Jul 2021 (5y) | Less than 5% | |
| Koch, Kathryn, Agnes | Board Member, President, Chief Executive Officer | Feb 2023 (4y) | Less than 5% | |
| Bowden, Andrew, John | Executive Vice President, General Counsel And Secretary | Sep 2023 (3y) | Less than 5% | |
| Stolfi, Melissa, Lynn | Executive Vice President And Chief Operating Officer | Mar 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| The Tcw Group, Inc. | Sole Member | May 1970 | A | 75% or more |
| Clipper Acquisitions Corp. | Shareholder | Feb 2013 | B | ≈ 56.25% – 100% via The Tcw Group, Inc. |
| Clipper Intermediate Corp. | Shareholder | Jul 2012 | B | ≈ 42.19% – 100% via Clipper Acquisitions Corp. |
| Clipper Holding, L.P. | Shareholder | Jul 2012 | B | ≈ 31.64% – 100% via Clipper Intermediate Corp. |
| Nippon Life Insurance Company | Shareholder | Apr 2013 | B | ≈ 5.93% – 50% via Nippon Life Americas, Inc. |
| Nippon Life Americas, Inc. | Shareholder | Dec 2017 | B | ≈ 7.91% – 50% via Clipper Holding, L.P. |
| Clipper Gp, L.L.C. | General Partner | Jul 2012 | B | GP / trustee / elected manager of Clipper Holding, L.P. (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Clipper Acquisitions Corp.: 75% – 100% of The Tcw Group, Inc. × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Clipper Intermediate Corp.: 75% – 100% of Clipper Acquisitions Corp. × 75% – 100% of The Tcw Group, Inc. × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Clipper Holding, L.P.: 75% – 100% of Clipper Intermediate Corp. × 75% – 100% of Clipper Acquisitions Corp. × 75% – 100% of The Tcw Group, Inc. × 75% – 100% direct ≈ 31.64% – 100% of the firm
- Nippon Life Insurance Company: 75% – 100% of Nippon Life Americas, Inc. × 25% – 50% of Clipper Holding, L.P. × 75% – 100% of Clipper Intermediate Corp. × 75% – 100% of Clipper Acquisitions Corp. × 75% – 100% of The Tcw Group, Inc. × 75% – 100% direct ≈ 5.93% – 50% of the firm
- Nippon Life Americas, Inc.: 25% – 50% of Clipper Holding, L.P. × 75% – 100% of Clipper Intermediate Corp. × 75% – 100% of Clipper Acquisitions Corp. × 75% – 100% of The Tcw Group, Inc. × 75% – 100% direct ≈ 7.91% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (33, $9.2B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Tcw Direct Lending Structured Solutions 2022 Llc | Hedge Fund | $702M | $0 | 11 |
| Tcw Skyline Lending, L.P. | Hedge Fund | $664M | $2.0M | 3 |
| Tcw Direct Lending Structured Solutions 2019 Llc | Hedge Fund | $609M | $250K | 12 |
| Tcw Securitized Opportunities, L.P. | Other Private Fund | $565M | $1.0M | 50 |
| Tcw Rescue Financing Fund Lp | Hedge Fund | $538M | $1.0M | 37 |
| Tcw Clo 2020 1, Ltd. | Securitized Asset Fund | $500M | $100K | 0 |
| Tcw Clo 2017 1, Ltd. | Securitized Asset Fund | $499M | $250K | 0 |
| Tcw Brazos Fund Llc | Hedge Fund | $445M | $3.0M | 3 |
| Tcw Clo 2023 2, Ltd. | Securitized Asset Fund | $402M | $100K | 0 |
| Tcw Clo 2021 1, Ltd. | Securitized Asset Fund | $401M | $100K | 0 |
| Tcw Clo 2019 1 Amr, Ltd. | Securitized Asset Fund | $401M | $250K | 0 |
| Tcw Clo 2021 2, Ltd. | Securitized Asset Fund | $401M | $100K | 0 |
| Tcw Clo 2022 1, Ltd. | Securitized Asset Fund | $401M | $100K | 0 |
| Tcw Clo 2023 1, Ltd. | Securitized Asset Fund | $400M | $100K | 0 |
| Tcw Clo 2019 2, Ltd. | Securitized Asset Fund | $400M | $100K | 0 |
| Tcw Clo 2018 1, Ltd. | Securitized Asset Fund | $383M | $250K | 0 |
| Tcw Rescue Financing Fund Ii Lp | Hedge Fund | $367M | $0 | 23 |
| West Virginia Direct Lending Llc | Hedge Fund | $340M | $2.0M | 2 |
| Tcw Direct Lending Private Fund Viii Lp | Hedge Fund | $210M | $10.0M | 18 |
| Tcw Minnesota Securitized Opportunities Fund Lp | Other Private Fund | $180M | $100 | 1 |
| Tcw Direct Lending Viii Llc Cayman Feeder, L.P. | Private Equity Fund | $74.2M | $10.0M | 2 |
| Nj/Tcw Direct Lending Llc | Private Equity Fund | $72.5M | $1.5M | 3 |
| Davis Square Funding V, Ltd.* | Securitized Asset Fund | $60.7M | $100K | 0 |
| Tcw Corporate Bond Limited Partnership | Other Private Fund | $52.7M | $1.0M | 4 |
| Hout Bay 2006 1, Ltd.* | Securitized Asset Fund | $33.3M | $100K | 0 |
Top 25 of 33 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Retirement plans served (6)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Retirement And Pension Plan For Officers & Employees Of The Nycdcc And Related Organizations | Bd Trustees Ret And Pension Plan For Officers And | 41 | $105M | 07/01/2024 |
| Jpmorgan Chase Retirement Plan | Jpmorgan Chase Bank, National Association | 78,270 | $16.1B | 01/01/2024 |
| Boca Raton Regional Hospital Employees Pension Plan | Boca Raton Regional Hospital, Inc. | 358 | $74.7M | 01/01/2024 |
| Pension Plan For Employees Of American Water Works Company, Inc. & Its Designated Subsidiaries | American Water Works Co., Inc. | 1,362 | $712M | 01/01/2024 |
| Pension Plan For Certain Inactive Participants Of American Water Works Company, Inc. And Its Designa | American Water Works Co., Inc. | 2 | $682M | 01/01/2024 |
| The Queen's Health Systems Pension Plan | The Queen's Health Systems | 4,844 | $468M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Foundations & charities (1)
| Organization | Type | Assets | As of |
|---|---|---|---|
| National Stabilization Agreement Of Sheet Metal Workers Industry Tr Fd | Public charity | $1.6B | 12/31/2024 |
From IRS Form 990 investment-management-fee disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/05/2026 | 9.74 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- State Street $17.0B (21% of AUM) May 2026
- J.P. Morgan $16.2B (20% of AUM) May 2026
- BNY Mellon $12.7B (16% of AUM) May 2026
- Northern Trust $4.0B (6% of AUM) Oct 2024
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 05, 2026.
View current Form ADV (SEC/IAPD) ↗