BDCNON-TRADED
TCW Direct Lending VIII LLC
CIK 0001825265
TCW Direct Lending VIII LLC is a non-traded business development company. With $1.3 billion in total assets, it is one of the smaller funds in the coverage universe. The portfolio is concentrated in direct lending, with 96% in first-lien senior secured loans and 96% in floating-rate debt by fair value, at a weighted-average spread of 679 bps over the base rate. Its largest sector exposure is Consumer Discretionary (13% of holdings).
NAV/Share
$94.43
AUM
$1.3B
Positions
60
Strategy
Private Credit
Wtd. Avg. Coupon
10.7%
Wtd. Avg. Spread
7 bps
Wtd. Avg. Maturity
3.4 yrs
99% coverage
Top 10 Concentration
41.0%
PIK in Terms
11.7%
Instrument type
Share of portfolio fair value
First Lien
96%
of fair value
First Lien96.5%
Equity3.5%
Industry exposure
Share of holdings fair value
Top 5
100%
of holdings
Consumer Discretionary12.7%
Health Care6.2%
Other2.4%
Industrials2.1%
Unknown76.6%
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.