Private company
TCW Direct Lending VII LLC
Limited liability company registered in the United States, active since 20172
In its 2026 annual report the company says: “We are a direct lending investment company that seeks to generate attractive risk-adjusted returns primarily through direct investments in senior secured loans to middle market companies or other issuers. We are managed by the TCW Private Credit Group, a group of investment professionals that uses the same investment strategy employed by the Private Credit Group over the past 25 years.”5 It is headquartered in Los Angeles, United States.2
Last updated Oct 20, 2026.
Overview
- HeadquartersLos Angeles, United States2
- Incorporated inDE3
- Business address515 South Flower St, Los Angeles, Ca 900713
- Filer categoryNon-accelerated filer3
- Legal formLimited Liability Company2
- LEI549300NDLLXQB3M40A072
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O NATIONAL REGISTERED AGENTS, INC., 19801 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 64209352
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We were formed on May 23, 2017 as a limited liability company under the laws of the State of Delaware. We conducted a private offering of our common limited liability company units (the “Units”) to investors in reliance on exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended (the “Securities Act”).5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Operating expenses | $86.1M6 | $61.8M7 | $52.6M8 | -$4.6M8 | $2.0M8 | |
| Net income | $111.8M6 | $70.9M7 | $25.9M8 | $49.0M8 | -$36.7M8 | |
| Earnings per share | $8.146 | $5.167 | $1.898 | $3.578 | -$2.688 | |
| Earnings per share (diluted) | $8.146 | $5.167 | $1.898 | $3.578 | -$2.688 | |
| Shares (weighted, basic) | 13.7M shares7 | 13.7M shares8 | 13.7M shares8 | 13.7M shares8 | ||
| Shares (weighted, diluted) | 13.7M shares7 | 13.7M shares8 | 13.7M shares8 | 13.7M shares8 |
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Cash | $113.7M12 | $47.7M6 | $65.0M7 | $14.5M8 | $9.4M8 | |
| Total assets | $1.6B12 | $1.2B6 | $1.0B7 | $1.2B8 | $1.2B8 | |
| Total liabilities | $654.1M12 | $421.2M6 | $434.9M7 | $638.9M8 | $769.5M8 | |
| Retained earnings | -$30.9M12 | -$76.4M6 | -$151.3M7 | -$188.4M8 | -$275.8M8 | |
| Shares outstanding | 13.7M shares12 | 13.7M shares13 | 13.7M shares7 | 13.7M shares14 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Corporate structure
TCW Direct Lending VII LLC sits at the top of its group. 7 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of TCW Direct Lending VII LLC
- LOCKHEED MARTIN INVESTMENT MANAGEMENT CO Filed SC 13G/A on TCW Direct Lending VII LLC, latest Feb 8, 2022
- TCW Direct Lending VII LLC Los Angeles, California, United States
- TCW DL EDM LLC Subsidiary · Delaware, United States
- TCW DL NAV LLC Subsidiary · Delaware, United States
- TCW DL Torcsill LLC Subsidiary · Delaware, United States
- TCW DL VII Financing LLC Subsidiary · Delaware, United States
- TCW DLG Funding VII 2018-1 LLC Subsidiary · Delaware, United States
- TCW DLG Funding VII 2020-1 LLC Subsidiary · Delaware, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What TCW Direct Lending VII LLC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $9.4M8 Dec 31, 2025 | $14.5M8 Dec 31, 2024 | −35.5% |
| Marketable securities, current | $543.8M8 Dec 31, 2025 | $296.8M8 Dec 31, 2024 | +83.2% |
Properties, in its own words
We maintain our principal executive office at 200 Clarendon Street, 19th Floor, Boston, Massachusetts 02116. We do not own any real estate. We believe that our present facilities are adequate to meet our current needs. If new or additional space is required, we believe that adequate facilities are available at competitive prices in the same area.
Item 2 of the 10-K filed Apr 3, 2026.5
Leadership
Who has led TCW Direct Lending VII LLC, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
- Chief financial officerJames G. Krause Oct 31, 2017 to Oct 31, 201715
Board members and other officers (11)
- Chief Compliance OfficerChristopher Marzullo Apr 30, 2026 to now16
- Chief Compliance OfficerKathryn Jones May 20, 2026 to now17
- OfficerAndrew J. Kim Jun 17, 2022 to Jun 17, 202218
- Chief Compliance OfficerGladys Xiques Jun 17, 2022 to Jun 17, 202219
- Chief Compliance OfficerJeffrey A. Engelsman Oct 31, 2017 to Apr 16, 201820
- Board memberSheila A. Finnerty Nov 19, 2025 to now21
- Board memberLaird Landmann Nov 1, 2018 to Nov 1, 201822
- Board memberAndrew Tarica Oct 31, 2017 to Apr 16, 201823
- Board memberJess M. Ravich Oct 31, 2017 to Apr 16, 201824
- Board memberRalph David Kelly Oct 31, 2017 to Oct 31, 201725
- Board memberSaverio M. Flemma Oct 31, 2017 to Apr 16, 201826
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- TCW DL EDM LLC Delaware4
- TCW DL NAV LLC Delaware4
- TCW DL Torcsill LLC Delaware4
- TCW DL VII Financing LLC Delaware4
- TCW DLG Funding VII 2018-1 LLC Delaware4
- TCW DLG Funding VII 2020-1 LLC Delaware4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Jul 22, 20268-K Shareholder vote27
- Apr 14, 20268-K Shareholder vote28
- Nov 14, 20258-K Executive or director change29
- Aug 7, 20258-K Other events30
- Jul 22, 20258-K Shareholder vote31
- Jan 6, 20258-K Other events32
- Dec 16, 20248-K Shareholder vote33
- Jul 3, 20248-K Shareholder vote34
- Jan 9, 20248-K Other events35
- Jan 3, 20248-K Executive or director change36
- May 16, 20238-K Shareholder vote37
- Jun 30, 20228-K Shareholder vote38
- May 23, 2017Founded TCW Direct Lending VII LLC is founded2
Filings
62 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 12 major events, 6 insider forms, 1 large holders, 21 other. The latest 20:
- Aug 12, 202610-Q EDGAR
- Jul 22, 20268-K EDGAR
- Jun 18, 2026DEF 14A EDGAR
- May 20, 20263 EDGAR
- May 13, 202610-Q EDGAR
- Apr 30, 20263 EDGAR
- Apr 30, 202610-K/A EDGAR
- Apr 14, 20268-K EDGAR
- Apr 3, 202610-K EDGAR
- Mar 31, 2026NT 10-K EDGAR
- Mar 2, 2026DEF 14A EDGAR
- Jan 21, 202640-17G EDGAR
- Dec 19, 2025PRE 14A EDGAR
- Nov 19, 20253 EDGAR
- Nov 19, 20253 EDGAR
- Nov 14, 20258-K EDGAR
- Nov 12, 202510-Q EDGAR
- Aug 12, 202510-Q EDGAR
- Aug 7, 20258-K EDGAR
- Jul 22, 20258-K EDGAR
The 62 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- LOCKHEED MARTIN INVESTMENT MANAGEMENT COSC 13G/A, 1 filing Feb 8, 202239
SEC filer profile
How TCW Direct Lending VII LLC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARTCW Direct Lending VII LLC1
- CIK0001715933
- Employer ID (EIN)82-22526725
- Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inDelaware5
- Fiscal year endsDecember 311
- Business address515 South Flower St, Los Angeles, CA 900711
- Phone213-244-00001
- Shares outstanding13,734,010 as of Aug 12, 202611
- Public float$0 as of Dec 31, 202514
- AuditorDeloitte & Touche LLP, Los Angeles, California, United States of America. PCAOB ID 34; no auditor attestation of internal control over financial reporting5
- On EDGAR sinceSep 1, 20171
- Filings143 in all: 8-K (28), 10-Q (27), 3 (16), DEF 14A (11), 10-K (9), 40-17G (9), 4 (8), CORRESP (5)1
All 27 form types
10-K/A (4), 40-APP (3), PRE 14A (3), 10-12G/A (2), 40-APP/A (2), SC 13G (2), SC 13G/A (2), 10-12G (1), 3/A (1), APP NTC (1), APP ORDR (1), D (1), DEFA14A (1), N-54A (1), N-6F (1), NT 10-K (1), SC 13D (1), SC 13D/A (1), UPLOAD (1)
- Latest filingsAnnual report (10-K) Apr 3, 2026
Quarterly report (10-Q) Aug 12, 2026
Proxy statement (DEF 14A) Jun 18, 2026
Latest 8-K (8-K) Jul 22, 2026
Risk factors and legal proceedings
The risks TCW Direct Lending VII LLC names in Item 1A of its 10-K filed Apr 3, 2026: 4 risks under these headings, as written.5
- RISKS RELATED TO OUR BUSINESS
- RISKS RELATED TO OUR INVESTMENTS
- RISKS RELATED TO UNITHOLDERS
- GENERAL RISK FACTORS
Legal proceedings
We are not currently subject to any material legal proceedings, nor, to our knowledge, is any material legal proceeding threatened against us. From time to time, we may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under loans to or other contracts with our portfolio companies. While the outcome of these legal proceedings cannot be predicted with certainty, we do not expect that these proceedings will have a material effect upon our financial condition or results of operations.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 18SEC EDGARAndrew J. Kim, Officer
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- 21SEC EDGARSheila A. Finnerty, Board member
- 22SEC EDGARLaird Landmann, Board member
- 23SEC EDGARAndrew Tarica, Board member
- 24SEC EDGARJess M. Ravich, Board member
- 25SEC EDGARRalph David Kelly, Board member
- 26SEC EDGARSaverio M. Flemma, Board member
- 27SEC EDGARShareholder vote
- 28SEC EDGARShareholder vote
- 29SEC EDGARExecutive or director change
- 30SEC EDGAROther events
- 31SEC EDGARShareholder vote
- 32SEC EDGAROther events
- 33SEC EDGARShareholder vote
- 34SEC EDGARShareholder vote
- 35SEC EDGAROther events
- 36SEC EDGARExecutive or director change
- 37SEC EDGARShareholder vote
- 38SEC EDGARShareholder vote
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