TCW’s Koch Says Firm Is Entering Private Real Estate Debt Market

TCW Group Inc. is launching a real estate debt strategy as it seeks to grow its alternatives business and compete with other money managers moving into the $1.6 trillion private credit industry.

The firm, which oversees more than $200 billion, will provide privately arranged debt to borrowers for core real estate and value-add credit, Chief Executive Officer Katie Koch said in an interview. Los Angeles-based TCW is also in the process of hiring a team to help run the new real estate business, she said.

TCW is among dozens of money managers diversifying beyond bread-and-butter bond investing and trying to ...