Dylan Ross has joined TCW Group as a managing director and portfolio manager in the new position of leading the firm's asset-backed finance business, spokesman Doug Morris said.
TCW's new asset-backed finance investment effort has a $1 billion anchor commitment from TCW, its partners and its affiliates. TCW's asset-backed strategy is adjacent to firm's long history in direct lending private credit and its recent strategic partnership with Lakemore Partners, supporting the growth of TCW's collateralized loan obligation business, Morris said.
Ross, who joined TCW earlier in January, had been a partner and portfolio manager at alternative credit manager Brigade Capital Management. Brigade executives could not be immediately be reached for information about Ross' replacement.
"TCW is committed to expanding our alternative investment offerings (by) leveraging our strong heritage in both private and public markets investing, and we have already seen robust client demand for the asset-backed finance strategy," said Kathryn Koch, TCW president and CEO, in a news release.
TCW has about $200 billion in assets under management.