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.