TCW Continues Strong Growth in Alternative Credit With Close of Third $400 Million CLO in 2024 [Yahoo! Finance]
Jefferies Financial Group Inc. (JEF)
Last jefferies financial group inc. earnings: 10/25 04:42 pm
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Source: Yahoo! Finance
LOS ANGELES, December 04, 2024 BUSINESS WIRE )--The TCW Group, a leading global asset manager, today announced the close of a $400 million collateralized loan obligation (CLO) fund, adding to the firm's continued strong growth in alternative credit assets. The CLO, TCW CLO 2024-3, is secured primarily by broadly syndicated first-lien loans and is TCW's third new issue CLO close in 2024. Since 2020, TCW has more than doubled its alternative credit assets under management (AUM). TCW manages alternative credit across private credit, private asset-backed finance, CLO liabilities and CLO assets under management. "TCW continues to make significant investments in its credit capabilities across both public and private markets," said Jerry Cudzil, Fixed Income Generalist Portfolio Manager. "We are pleased to have top-tier partners that have helped accelerate the growth of our CLO business and expect to establish additional equity partnerships in 2025." TCW now manages 13 CLOs with over
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JEF
Earnings
- 9/25/24 - Miss
JEF
Sec Filings
- 12/20/24 - Form 424B2
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- JEF's page on the SEC website