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PNC Financial Services partners with TCW Group to create private credit platform
Other - MAY 7, 2024

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PNC Financial Services partners with TCW Group to create private credit platform

by Released

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

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