TCW Raises $2.6 Billion

The TCW Group has raised $2.6 billion for TCW Energy Fund XIV, which will make mezzanine and private equity investments in energy and energy-related infrastructure products throughout the world.


The TCW Group, Inc., an international asset management firm with approximately $150 billion in assets, today announced the successful close of TCW Energy Fund XIV, the largest alternative investment fund in the firm's history.

TCW Energy Fund XIV raised approximately $2.6 billion from clients and employees. The Fund will make mezzanine and private equity investments in energy and energy-related infrastructure projects on a global basis.

“TCW Energy Fund XIV represents a continuation of our market-leading franchise in energy and infrastructure,” said Robert Beyer, Chief Executive Officer of TCW. “We are gratified to have such strong support from our clients. The firm's energy business was the first alternative product area launched by TCW in 1982. Its demonstrated success in delivering attractive risk-adjusted rates of return over the long term represents the best of what we strive to offer our clients.”

The Fund is a continuation of the TCW Energy & Infrastructure Group's 25-year track record in energy investing, with more than $8 billion invested globally, and current assets under management of approximately $6.9 billion.

“Market fundamentals in energy and infrastructure are very strong today and Fund XIV will be well-positioned to capture attractive investment opportunities,” said R. Blair Thomas, Group Managing Director of TCW and Chief Executive of the firm's energy business. “We have a singular focus on being the preeminent institutional investor in energy globally. No other investor in the sector combines the depth of industry knowledge, track record, technical capabilities and global platform.”

Operating from offices in Los Angeles, Houston, New York, London and Sydney, the TCW Energy & Infrastructure Group oversees portfolio investments in 23 countries on six continents. Roughly a quarter of the assets raised for TCW Energy Fund XIV came from non-US institutional clients in 11 countries. TCW employees contributed $68 million.

About TCW

Founded in 1971, The TCW Group develops and manages a broad range of innovative, value-added investment products that strive to enhance and protect clients' wealth. The firm has approximately $150 billion in assets under management. TCW clients include many of the largest corporate and public pension plans, financial institutions, endowments and foundations in the U.S., as well as a substantial number of foreign investors and high net worth individuals. TCW is a subsidiary of Soci