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TCW Direct Lending (an entity operating under the TCW direct lending platform) seeks to generate current income and total return by originating and investing in secured and unsecured loans to middle‑market and privately held companies. The Fund’s principal investment strategy is to provide directly originated private credit solutions, including senior secured and unitranche loans and other credit instruments, leveraging TCW’s lending platform and credit underwriting capabilities. Liquidity and offering mechanics follow the Fund’s offering documents and any repurchase/tender offer program described therein; the Fund is externally managed by TCW Investment Management Company, LLC (or an affiliated TCW adviser).
News and Notices
The TCW Group
2014
'40 Act
Non-Traded BDC
USD
Quarterly
Daily
1.50%
December 31
News and Notices
Portfolio Holdings
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Returns
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Ownership
Operating Metrics
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10
1-10 of 74
Notices
Date
Time (ET)
Notice Type
Source
Notice
Jun 22, 2024
17:03
Other
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TCW Direct Lending members approved extending the vehicle’s term for one additional year, with 13,997,552 votes for, 154,945 against and 181,379 abstained. The approval allows the vehicle to continue operating for the additional year approved by members.
Mar 25, 2025
12:45
Other
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TCW Direct Lending seeks investor approval to extend its term by one year through September 19, 2027, with 18,034,649 units eligible to vote. Approval would support winding down its $249.7 million portfolio and maintaining the credit facility.
Aug 10, 2025
15:18
Other
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TCW Direct Lending is asking unitholders to approve a one-year term extension through September 19, 2027, alongside Director and auditor votes at its July 17, 2026 annual meeting. Approval would support continued wind down of its $249.7 million portfolio.
Feb 20, 2025
16:00
Personnel
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Kathryn Jones, Chief Compliance Officer of TCW Direct Lending, ceased to be an officer of the issuer as of May 13, 2026. The ownership report reflects no securities owned.
Jun 30, 2023
15:49
Compliance, Personnel
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Christopher Marzullo was reported as Chief Compliance Officer of TCW Direct Lending, with the ownership report noting it was filed late due to an administrative oversight.
Aug 30, 2023
15:26
Fees, Ownership, Personnel
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TCW Direct Lending LLC amended its 2025 annual report to add previously omitted Part III governance, compensation, ownership, related-party, and auditor-fee disclosures, including that Christopher D. Marzullo filed a delinquent Form 3 due to administrative error. It also disclosed 2025 audit fees of $252,961 and that the Adviser’s management fee for 2025 was $0.
Jan 21, 2025
10:54
Compliance
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TCW Direct Lending approved a fidelity insurance bond for December 29, 2025 to December 29, 2026, with $900,000 aggregate coverage and a $1,802 premium. The coverage applies to fraudulent or dishonest acts by officers and employees.
Sep 24, 2023
11:18
Compliance
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TCW Private Asset Income Fund and affiliated TCW vehicles received SEC relief effective September 24, 2025, permitting co-investments in portfolio companies with affiliated investment entities subject to application conditions.
Aug 06, 2023
17:56
Compliance, Personnel
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TCW Direct Lending LLC appointed Christopher Marzullo as Global Chief Compliance Officer effective August 1, 2025, and Gladys Xiques resigned from that role on the same date. The change updates the Company’s compliance leadership without stating any related disagreement.
May 05, 2024
12:06
Compliance, Personnel
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TCW Direct Lending LLC members approved the re-election of William Cobb and Donald M. Mykrantz to the Board through 2028, ratified Deloitte & Touche LLP for fiscal 2025, and extended the Company's term for an additional year.
Preview
TCW Direct Lending BDC
The TCW Group is responsible for managing TCW Direct Lending BDC.
TCW Direct Lending BDC launched in 2014.
TCW Direct Lending BDC is registered as a '40 Act fund.
TCW Direct Lending BDC is structured as a Non-Traded BDC fund.
You can invest in TCW Direct Lending BDC daily, subject to eligibility and fund subscription deadlines.
You can redeem shares of TCW Direct Lending BDC quarterly, subject to redemption limits and notice requirements.
Shares of TCW Direct Lending BDC can be purchased in USD.
TCW Direct Lending BDC's fiscal year end is December 31.
TCW Direct Lending BDC's net asset value was $185.5 million and its portfolio had a fair value of $681.2 million as of June 30, 2026.
Among other deal types, TCW Direct Lending BDC primarily makes Direct Investments.
Among other asset classes, TCW Direct Lending BDC primarily invests in Direct Lending and Metals and Mining.
Among other regions, TCW Direct Lending BDC primarily invests in the USA.
TCW Direct Lending BDC charges a 0.75% annual management fee, which is calculated based on NAV.
You can invest in TCW-DL shares with a minimum initial investment of $10,000,000.
You will be subject to paying an early repurchase/redemption fee of 0%.
TCW Direct Lending BDC's TCW-DL share class generated an annualized 1-month return of -24.65% and 5-year return of 7.26% as of June 30, 2026.
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