Sunday, 21 September 2014
Last updated 1 day ago
May 9 2014 | 1:47pm ET
TCW Group is eyeing $3 billion for what could be one of the largest direct-lending funds ever.
The Los Angeles-based firm plans to tap sovereign wealth funds and other institutional investors to meet the ambitious fundraising goal, which it may seek to double through leverage, The Wall Street Journal reports. The new fund, TCW Direct Lending Fund VI, is TCW’s first such vehicle since acquiring Regiment Capital Advisors’ direct-lending business last year.
The fund could begin making loans as soon as the summer, according to the Journal.
The Carlyle Group owns a majority stake in TCW.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.