Wednesday, 28 January 2015
Last updated 40 sec ago
Jan 30 2008 | 12:20pm ET
The TCW Group said it has raised approximately $2.6 billion from clients and employees for its latest private equity fund, TCW Energy Fund XIV. The fund will make mezzanine and private equity investments in energy and energy-related infrastructure projects on a global basis.
Roughly a quarter of the assets raised for the fund came from non-U.S. institutional investors in 11 countries and TCW employees also contributed $68 million.
“Market fundamentals in energy and infrastructure are very strong today and Fund XIV will be well-positioned to capture attractive investment opportunities,” said R. Blair Thomas, CEO of the firm’s energy business. “We have a singular focus on being the preeminent institutional investor in energy globally.”
Founded in 1971, the TCW Group, which is a subsidiary of Société Générale Asset Management, has approximately $150 billion in assets under management.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…