Tcw Special Situations, LLC

TCW Special Situations, LLC is an investment adviser registered with the SEC since January 2013, offering discretionary investment management services primarily focused on privately originated loans to middle market borrowers. As of December 31, 2022, the firm had $21.56 million in discretionary assets under management. The firm charges its funds an investment management fee and a performance-based fee, with fees specified in the organizational documents of each fund. TCW does not participate in soft dollar arrangements and does not compensate individuals for client referrals. The firm exercises investment discretion over all managed funds, with a defined set of investment objectives and limitations. TCW has implemented a comprehensive risk management process and maintains an enterprise-wide risk matrix to assess and mitigate over 250 business risks. The firm has a Proxy Committee for voting client securities and follows Global Portfolio Proxy Voting Guidelines. Material changes to the brochure include updates to assets under management, risk controls, and proxy voting guidelines. For more detailed information, refer to the full brochure available on the SEC's website.