BDCNON-TRADED
TCW Star Direct Lending LLC
CIK 0001916608
TCW Star Direct Lending LLC is a non-traded business development company. With $224 million in total assets, it is one of the smaller funds in the coverage universe. The portfolio is concentrated in direct lending, with 98% in first-lien senior secured loans and 98% in floating-rate debt by fair value, at a weighted-average spread of 620 bps over the base rate. Its largest sector exposure is Consumer Discretionary (65% of holdings).
NAV/Share
$91.75
Positions
51
Strategy
Private Credit
Wtd. Avg. Coupon
9.9%
Wtd. Avg. Spread
6 bps
Wtd. Avg. Maturity
4.2 yrs
98% coverage
Top 10 Concentration
74.5%
PIK in Terms
6.1%
Instrument type
Share of portfolio fair value
First Lien
98%
of fair value
First Lien98.5%
Equity1.6%
Industry exposure
Share of holdings fair value
Top 5
100%
of holdings
Consumer Discretionary64.8%
Other1.7%
Health Care1.3%
Industrials1.3%
Unknown30.8%
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.