TCW Raises $2.6B For Energy Fund

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.

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