The PNC Financial Services Group, one of the largest diversified financial institutions in the United States, and the TCW Group, a leading global asset manager, have announced they are partnering to deliver private credit solutions to middle-market companies.
The PNC and TCW partnership formalizes and expands more than 15 years of collaboration between PNC and TCW, combining both institutions’ credit expertise: TCW’s 23-year track record of successfully originating, underwriting and managing direct lending portfolios, and the strengths of PNC’s national client relationships and its leading middle-market lending franchise. The new joint strategy will focus primarily on directly originated, senior secured cash-flow and asset-based loans to both sponsored and non-sponsored middle-market companies.
“We are thrilled to partner with PNC to expand our direct lending capabilities and provide financing to a critical segment of U.S. companies, as well as offer a differen
