TCW Closes $400 Million CLO

LOS ANGELES--(BUSINESS WIRE)--The TCW Group, a leading global asset management company, today announced that it has closed a $400 million Collateralized Loan Obligation (CLO) fund, TCW CLO 2023-2, Ltd., which is secured primarily by broadly syndicated first lien loans. CLOs are managed within TCW’s $70 billion integrated global credit platform, and this CLO will be managed by Senior Portfolio Managers Drew Sweeney and Ken Toshima. “CLOs and loans broadly are an important area of growth for TCW,