PNC Financial (PNC), TCW Partner for Private Credit Platform
PNCPNC(PNC) Zacks Investment Research·2024-05-08 01:51

The PNC Financial Services Group, Inc. (PNC) and TCW Group, Inc., which is a preeminent global asset manager, have extended their 15-year collaboration and partnered to offer private credit solutions to middle-market companies.The partnership will oversee the new strategy's every investment activity,  including origination, underwriting, and portfolio management. It will primarily focus on directly originated, senior secured asset, and cash-flow-based loans to sponsored and non-sponsored middle market compa ...