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[January 28, 2014]
TCW Hires David Dobies for Direct Lending Group
(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 28 January 2014 Release date- 27012014 - LOS ANGELES - The TCW Group, a global asset management firm, today announced that David Dobies has joined the firm as a Managing Director in the TCW Direct Lending Group.
In his role, Dobies will be responsible for origination, due diligence review, structuring and execution of new investments, and ongoing management of portfolio companies. Dobies will be based in Boston and report to Rick Miller, Group Managing Director and Head of the Direct Lending business.
'Dave comes with significant experience in deal sourcing and creating customized financing solutions for middle-market companies, which makes him a great addition to our Direct Lending team,' Miller said. 'We are very pleased to have him on board.' Prior to joining TCW, Dobies was a founding partner, member of the management committee, and co-head of middle-market leveraged finance at NewStar Financial, Inc. Previously, he served in various capacities of increasing responsibility at FleetBoston Financial Corporation and its predecessor institutions, where he was responsible for managing the media, entertainment and sports finance syndication businesses. Dobies began his career as a financial analyst at Morgan Stanley. He received a bachelor's degree in finance from Villanova University and master's from the Simon Business School at the University of Rochester.
TCW's Direct Lending Group is a senior secured lender that provides debt capital to middle-market companies for leveraged buyouts, refinancings, acquisitions, general growth, liquidity and recapitalizations. The strategy targets middle-market companies with an emphasis on proprietary deal sourcing, attractive risk-adjusted returns and the preservation of capital. TCW's Direct Lending Group has raised more than $3.9 billion of capital since its inception in 2000. The business was acquired by TCW in December 2012, and is part of TCW's alternative investment platform which is overseen by Jess Ravich, head of alternative products.
About The TCW Group Founded in 1971, The TCW Group, Inc. develops and manages a broad range of innovative, value-added investment products that strive to enhance and protect clients' wealth, with over $130 billion in assets under management. TCW clients include many of the largest corporate and public pension plans, financial institutions, endowments and foundations in the U.S., as well as a substantial number of foreign investors and high net worth individuals.
For more information, please refer to www.tcw.com Media Contact: Doug Morris Tel: +1-213-244-0509 Email: email@example.com (c) 2014 Electronic News Publishing -
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