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BDCNON-TRADED

TCW Direct Lending VII LLC

CIK 0001715933TCW

TCW Direct Lending VII LLC is a non-traded business development company advised by TCW. With $1.2 billion in total assets, it is one of the smaller funds in the coverage universe. The portfolio is concentrated in direct lending, with 86% in first-lien senior secured loans and 54% in floating-rate debt by fair value, at a weighted-average spread of 752 bps over the base rate. Its largest sector exposure is Industrials (11% of holdings).

NAV/Share

$43.77

AUM

$1.2B

Positions

85

Strategy

Private Credit

Wtd. Avg. Coupon

11.8%

Wtd. Avg. Spread

8 bps

Wtd. Avg. Maturity

2.3 yrs

81% coverage

Top 10 Concentration

49.2%

PIK in Terms

11.8%

Instrument type

Share of portfolio fair value

First Lien
86%
of fair value
First Lien86.4%
Equity11.3%
Fund Vehicles2.4%

Industry exposure

Share of holdings fair value

Top 5
99%
of holdings
Industrials11.3%
Consumer Discretionary6.8%
Energy3.1%
Consumer Staples2.2%
Other1.1%
Unknown75.5%
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.