TCW Appoints David Dobies as Managing Director in Direct Lending Group [Manufacturing Close - Up]
(Manufacturing Close - Up Via Acquire Media NewsEdge) The TCW Group, a global asset management firm, announced that David Dobies has joined the firm as a Managing Director in the TCW Direct Lending Group.
According to a release, 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 Corp. 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.
TCW noted that its 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.
((Comments on this story may be sent to email@example.com))
(c) 2014 ProQuest Information and Learning Company; All Rights Reserved.
[ Back To Technology News's Homepage ]