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BDCNON-TRADED

TCW Direct Lending LLC

CIK 0001603480TCW

TCW Direct Lending LLC is a non-traded business development company advised by TCW. With $681 million in total assets, it is one of the smaller funds in the coverage universe. The portfolio is equity-oriented, with 67% in equity positions. Its largest sector exposure is Industrials (33% of holdings).

NAV/Share

$23.96

AUM

$680.8M

Positions

44

Strategy

Private Equity / Private Credit

Wtd. Avg. Coupon

10.2%

Wtd. Avg. Spread

9 bps

Wtd. Avg. Maturity

1.7 yrs

33% coverage

Top 10 Concentration

61.8%

PIK in Terms

18.9%

Instrument type

Share of portfolio fair value

First Lien
33%
of fair value
First Lien33.3%
Equity66.7%

Industry exposure

Share of holdings fair value

Top 5
100%
of holdings
Industrials33.3%
Health Care6.3%
Unknown60.5%
Unknown sector positions lack GICS classification in the source filing or could not be reconciled.

Maturity profile

Share of debt fair value by years to maturity.