Wednesday, 1 April 2015
Last updated 2 hours 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…