Pnc, tcw partner to expand capabilities, create private credit platform

New strategy creates opportunity for significant expansion in middle market lending pittsburgh and los angeles , may 6, 2024 /prnewswire/ -- the pnc financial services group, inc. ("pnc"), one of the largest diversified financial institutions in the u.s., and the tcw group, inc. ("tcw"), a leading global asset manager, today 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.
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