TCW Forms Group to Invest in Power and Infrastructure Sectors, Makes Senior Hires

January 12, 2015

Brian Daly to Lead TCW Power Group, Bill Cavers Joins as Senior Vice President;

Both Bring Significant Energy Market Experience to TCW’s Alternatives Platform

LOS ANGELES AND NEW YORK CITY – January 12, 2015 – The TCW Group, a global asset management firm, announced today that it has formed the TCW Power Group and made two senior hires for the new team. The Power Group is part of TCW’s alternative asset management platform and is overseen by new hire Brian Daly, managing director and head of the TCW Power Group. Daly reports directly to Jess Ravich, group managing director and head of alternative products at TCW. Bill Cavers has also joined the Power Group as a senior vice president and reports to Daly. Both Daly and Cavers are based in TCW’s New York City office.

The TCW Power Group will focus on making middle-market mezzanine, equity and debt investments in projects and companies in the power generation, renewables, transmission, oil and natural gas, and energy-related industrial and infrastructure sectors.

“The formation of TCW Power Group expands our alternative asset management platform at a time when institutional investors are increasingly looking to make investment allocations in the energy sector,” said Ravich. “The new group also expands our mix of investment offerings in alternative products.  We are very pleased to welcome Brian and Bill, and we look forward to their contributions both to the firm and to our institutional investors.”

Daly joins TCW from Babson Capital where he was head of the Energy Finance Group. Prior to that, he served as a managing director at TCW. In this previous position with TCW, Daly was responsible for more than 90 investments representing over $2.4 billion of capital in the power, bio-fuels, and infrastructure areas.

Cavers has extensive experience in the power and renewable energy markets, including senior positions at GE Energy Financial Services where he originated and executed many of the group’s first investments in power and infrastructure. He also led Macquarie Securities’ acquisition of Hawaii’s regulated gas utility and served as a lead credit officer at the U.S. Department of Energy. 

“In general, middle-market power generation companies and projects have demonstrated positive, long-term growth,” said Daly. “The industry continues to provide us with very appealing investment opportunities, and we look forward to capitalizing on those opportunities as part of TCW’s growing alternatives platform.”

About The TCW Group
TCW is a leading global asset management firm with a broad range of products across fixed income, equities, emerging markets and alternative investments.  With more than four decades of investment experience, TCW today manages over $160 billion in client assets.  Through the MetWest and TCW Fund families, TCW manages one of the largest mutual fund complexes in the U.S.  TCW’s clients include many of the world’s largest corporate and public pension plans, financial institutions, endowments and foundations, as well as financial advisors and high net worth individuals.  For more information, please visit www.tcw.com.

TCW Media Contact:
Doug Morris
Head of Corporate Marketing and Communications
Tel: +1-213-244-0509
Email: douglas.morris@tcw.com