[2] Founded by Robert Addison Day in 1971[3] and headquartered in Los Angeles, TCW manages a broad range of investment products.

TCW clients include many of the largest corporate and public pension plans, financial institutions, endowments and foundations in the U.S., as well as foreign investors and high-net-worth individuals.

[9] As a result of the transaction, TCW management and employees increased their ownership in the firm to approximately 40% on a fully diluted basis, better aligning interests with clients.

In December 2017, Nippon Life Insurance Company purchased a 25% minority stake in TCW from The Carlyle Group.

As a result of the purchase, ownership by TCW management and employees increased to 44%, while Carlyle maintains a 31% interest in the firm.