Tcw Special Situations, LLC (Los Angeles)


Tcw Special Situations, LLC is a large advisory firm based in Los Angeles. It manages $119.08 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California and Massachusetts.

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Tcw Special Situations provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Tcw Special Situations: assets under management

The assets under management (AUM) of Tcw Special Situations, LLC is $119.08 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -93% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $119.08 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $119.08 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tcw Special Situations, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Tcw Special Situations serves?

The only and largest group of clients of Tcw Special Situations is pooled investment vehicles with 1 clients and $119.08 million of assets under management. Among the 9 most similar advisory firms, Tcw Special Situations has the highest percentage of pooled investment vehicles out of all clients.


The amount of regulatory assets under management is $119.08 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Tcw Special Situations also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Tcw Special Situations, LLC

The company employs 32 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Tcw Owners Llc joined the executive team most recently as the Shareholder.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Inc. The Tcw Group Sole member 1 Nov 2012 75% - 100% 95-3703295
Richard Manuel Villa Chief financial officer 1 Nov 2012 Other 5586600
Hilary Gillian Darcy Lord Chief compliance officer 1 Nov 2012 Other 4100544
David Brian Lippman Chief executive officer 1 Nov 2012 Other 1417364
David Stephen Devito Executive vice president and chief administrative officer 1 Nov 2012 Other 3223948
Joseph Michael Burschinger Executive vice president and chief risk officer 1 Nov 2012 Other 1993233
Meredith Jackson Executive vice president, general counsel, secretary 1 Feb 2013 Other 6165906
David Brian Lippman President and chief executive officer 1 Mar 2013 Other 1417364
David Stephen Devito Executive vice president and chief operating officer 1 Oct 2013 Other 3223948
Jeffrey Alan Engelsman Global chief compliance officer 1 Aug 2014 Other 2595670

Indirect Owners

The SEC currently registers 36 indirect owners.

Name Entity Date acquired Ownership Employer ID
L.P. Tcg Holdings Cayman Ii Shareholder 1 Jan 2006 75% - 100% 98-0206218
L.P. Tc Group V General partner 1 Feb 2007 Other 26-0204255
L.L.C. Tc Group V General partner 1 Feb 2007 Other 26-0204126
L.P. Tc Group Cayman Investment Holdings Sub Sole member 1 Feb 2007 75% - 100% 98-1038901
Ltd. Cp V Ilp Gp General partner 1 May 2007 Other 27-1367188
L.P. Tcg Financial Services General partner 1 Oct 2007 Other 98-0570624
Ltd. Carlyle Financial Services General partner 1 Oct 2007 Other 98-0565203
L.P. Tcg Financial Services Investment Holdings Limited partner 1 Oct 2007 50% - 75% 98-0570648
Ltd. Carlyle Financial Services Holdings General partner 1 Oct 2007 Other 98-0567837
L.P. Tcg Holdings Cayman Ii Shareholder 1 Oct 2007 75% - 100% 98-0206218
L.P. Cp V Investment Holdings Limited partner 1 Jul 2009 25% - 50% 26-0318716
L.P. Carlyle Global Financial Services Partners Limited partner 1 May 2010 75% - 100% 98-0571344
L.P. Tcg Financial Services General partner 1 May 2010 Other 98-0570624
L.P. Carlyle Global Financial Services Limited partner 1 May 2010 75% - 100% 98-0571344
Carlyle Group Management L.L.C. General partner 1 Jul 2011 Other 45-2831199
Ltd. Dbd Cayman General partner 1 Sep 2011 Other 98-0206216
Ltd. Dbd Cayman Holdings Member 1 Sep 2011 75% - 100% 98-0684875
William Elias Conway Non-voting member 1 Sep 2011 25% - 50% 1776820
Daniel Anthony D'aniello Non-voting member 1 Sep 2011 25% - 50% 1723797
David Mark Rubenstein Non-voting member 1 Sep 2011 25% - 50% 1723794
Ltd. Carlyle Offshore Partners Ii Voting member 1 Sep 2011 75% - 100% 98-0233709
Ltd. Carlyle Offshore Partners Ii Holdings Member 1 Sep 2011 75% - 100% 98-0684878
Carlyle Holdings Ii Gp L.L.C. General partner 1 Nov 2011 Other 80-0783953
The Carlyle Group L.P. Sole member 1 Nov 2011 75% - 100% 45-2832612
L.P. Tc Group Cayman Investment Holdings General partner 1 Feb 2012 Other 98-0339178
L.P. Tc Group Cayman Investment Holdings Sub Shareholder 1 May 2012 75% - 100% 98-1038901
L.P. Carlyle Holdings Ii General partner 1 May 2012 Other 98-1036577
Clipper Intermediate Corp. Shareholder 1 Jul 2012 75% - 100% 61-1702013
L.P. Clipper Holding Shareholder 1 Jul 2012 75% - 100% 46-1745036
L.L.C. Clipper Gp General partner 1 Jul 2012 Other 46-1741757
L.P. Carlyle Global Financial Services Partners Sole member 1 Jul 2012 75% - 100% 98-0571344
L.P. Carlyle Global Financial Services Sole member 1 Jul 2012 75% - 100% 98-0571344
Clipper Acquisitions Corp. Shareholder 1 Feb 2013 75% - 100% 46-1746913
L.P. Carlyle Partners V Limited partner 1 Feb 2013 25% - 50% 26-0204424
L.P. Carlyle Financial Services Harbor Limited partner 1 Feb 2013 25% - 50% 27-2617916
Tcw Owners Llc Shareholder 1 Dec 2017 25% - 50% 37-1874602

Based in Los Angeles

The principal office where Tcw Special Situations, LLC performs its advisory services is located at 865 South Figueroa Street, Los Angeles, CA 90017 2593, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 213-244-0000 or by fax 213-244-0645. The normal business hours are 7:30 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at tcw.com.