Notice2025-16869

TCW Direct Lending LLC, et al

Primary source

Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.

Published
September 3, 2025

Issuing agencies

Securities and Exchange Commission

Full Text

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<title>Federal Register, Volume 90 Issue 168 (Wednesday, September 3, 2025)</title>
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[Federal Register Volume 90, Number 168 (Wednesday, September 3, 2025)]
[Notices]
[Page 42657]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-16869]


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SECURITIES AND EXCHANGE COMMISSION

[Investment Company Act Release No. 35730; File No. 812-15821]


TCW Direct Lending LLC, et al

August 29, 2025.
AGENCY: Securities and Exchange Commission (``Commission'' or ``SEC'').

ACTION: Notice.

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    Notice of application for an order under sections 17(d) and 57(i) 
of the Investment Company Act of 1940 (the ``Act'') and rule 17d-1 
under the Act to permit certain joint transactions otherwise prohibited 
by sections 17(d) and 57(a)(4) of the Act and rule 17d-1 under the Act.

Summary of Application: Applicants request an order to permit certain 
business development companies (``BDCs'') and closed-end management 
investment companies to co-invest in portfolio companies with each 
other and with certain affiliated investment entities.

Applicants: TCW Direct Lending LLC, TCW Direct Lending VII LLC, TCW 
Direct Lending VIII LLC, TCW Star Direct Lending LLC, TCW Spirit Direct 
Lending LLC, TCW Private Asset Income Fund, TCW Asset Backed Finance 
Management Company LLC, TCW Direct Lending Private Fund VIII LP, TCW 
Direct Lending Strategic Ventures LLC, TCW Brazos Fund LLC, NJ/TCW 
Direct Lending LLC, West Virginia Direct Lending LLC, TCW Skyline 
Lending, L.P., TCW Direct Lending Structured Solutions 2019 LLC, TCW 
Direct Lending Structured Solutions 2022 LLC, TCW Asset Management 
Company LLC, TCW Steel City Perpetual Levered Fund LP, TCW Steel City 
Unlevered Private Fund LP and TCW PT Management Company LLC.

Filing Dates: The application was filed on May 29, 2025, and amended on 
August 27, 2025.

Hearing or Notification of Hearing: An order granting the requested 
relief will be issued unless the Commission orders a hearing. 
Interested persons may request a hearing on any application by emailing 
the SEC's Secretary at <a href="/cdn-cgi/l/email-protection#df8cbabcadbaabbeada6acf290b9b9b6bcba9facbabcf1b8b0a9"><span class="__cf_email__" data-cfemail="b5e6d0d6c7d0c1d4c7ccc698fad3d3dcd6d0f5c6d0d69bd2dac3">[email&#160;protected]</span></a> and serving the 
Applicants with a copy of the request by email, if an email address is 
listed for the relevant Applicant below, or personally or by mail, if a 
physical address is listed for the relevant Applicant below. Hearing 
requests should be received by the Commission by 5:30 p.m. on September 
23, 2025, and should be accompanied by proof of service on the 
Applicants, in the form of an affidavit or, for lawyers, a certificate 
of service. Pursuant to rule 0-5 under the Act, hearing requests should 
state the nature of the writer's interest, any facts bearing upon the 
desirability of a hearing on the matter, the reason for the request, 
and the issues contested. Persons who wish to be notified of a hearing 
may request notification by emailing the Commission's Secretary at 
<a href="/cdn-cgi/l/email-protection#095a6c6a7b6c7d687b707a24466f6f606a6c497a6c6a276e667f"><span class="__cf_email__" data-cfemail="61320402130415001318124c2e0707080204211204024f060e17">[email&#160;protected]</span></a>.

ADDRESSES: The Commission: <a href="/cdn-cgi/l/email-protection#11427472637465706368623c5e7777787274516274723f767e67"><span class="__cf_email__" data-cfemail="2d7e484e5f48594c5f545e00624b4b444e486d5e484e034a425b">[email&#160;protected]</span></a>. Applicants: Kevin 
Finch, The TCW Group, Inc., 515 South Flower Street, Los Angeles, 
California 90071; Vadim Avdeychik and Sheena Paul, Debevoise & Plimpton 
LLP, 66 Hudson Boulevard, New York, NY 10001.

FOR FURTHER INFORMATION CONTACT: Thomas Ahmadifar, Branch Chief, Deepak 
T. Pai, Senior Counsel, or Daniele Marchesani, Assistant Chief Counsel, 
at (202) 551-6825 (Division of Investment Management, Chief Counsel's 
Office).

SUPPLEMENTARY INFORMATION: For Applicants' representations, legal 
analysis, and conditions, please refer to Applicants' first amended 
application, dated August 27, 2025, which may be obtained via the 
Commission's website by searching for the file number at the top of 
this document, or for an Applicant using the Company name search field, 
on the SEC's EDGAR system.
    The SEC's EDGAR system may be searched at <a href="https://www.sec.gov/edgar/searchedgar/companysearch.html">https://www.sec.gov/edgar/searchedgar/companysearch.html</a>. You may also call the SEC's 
Office of Investor Education and Advocacy at (202) 551-8090.

    For the Commission, by the Division of Investment Management, 
under delegated authority.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-16869 Filed 9-2-25; 8:45 am]
BILLING CODE 8011-01-P


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Indexed from Federal Register on September 3, 2025.

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.