Private company

TCW Steel City Senior Lending BDC

TCW Steel City Senior Lending BDC is an investment fund that raised $549.6 million in 2025 (SEC Form D).2 It is headquartered in Los Angeles, United States.2

Last updated Oct 20, 2026.

Overview

  • HeadquartersLos Angeles, United States2
  • Incorporated inDE3
  • Business address515 S Flower St, Los Angeles, Ca 900713
  • Filer categoryNon-accelerated filer, Emerging growth company3
  • Legal formLimited Partnership2
  • Kind of organizationInvestment fund2
  • LEI254900FVI757MOXJAW032
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O NATIONAL REGISTERED AGENTS, INC., 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 55425302

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Fiscal year20252026
Cash$3.3M7
Total assets$728.0M7
Total liabilities$609.3M7
Retained earnings-$929.0K7
Shareholders’ equity$118.7M7
Shares outstanding6.0M shares712.1M shares8

Compare TCW Steel City Senior Lending BDC with another company

Corporate structure

TCW Steel City Senior Lending BDC sits at the top of its group. 2 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 Steel City Senior Lending BDC

  • Private Credit Fund C LP Filed SCHEDULE 13G on TCW Steel City Senior Lending BDC, latest Jan 22, 2026
  • NATIONWIDE LIFE INSURANCE CO Filed SCHEDULE 13G on TCW Steel City Senior Lending BDC, latest Nov 21, 2025
  • NATIONWIDE MUTUAL INSURANCE CO Filed SCHEDULE 13G on TCW Steel City Senior Lending BDC, latest Nov 21, 2025
  • TCW Steel City Senior Lending BDC Los Angeles, California, United States
    • TSC BDC Financing 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 Steel City Senior Lending BDC 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

ItemLatestA year beforeChange
Cash and cash equivalents$3.3M7 Dec 31, 2025
Marketable securities, current$380.6M7 Dec 31, 2025

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 Mar 26, 2026.9

Leadership

Who has led TCW Steel City Senior Lending BDC, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (8)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • General Partner of the IssuerDavid T. Wang named Jun 25, 202618
  • General Partner of the IssuerRichard T. Miller named Jun 25, 202618
  • General Partner of the IssuerDavid R. Adler named Jun 25, 202618

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • TSC BDC Financing 1 LLC Delaware4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • TCW Steel City Perpetual Levered Fund LPNov 21, 2024 to Oct 24, 20253

Timeline

  1. Jan 29, 20268-K Entered a material agreement; New debt or obligation; Bylaws or fiscal year changed19
  2. Nov 5, 20258-K Change to shareholders' rights; Bylaws or fiscal year changed; Other events20
  3. Oct 14, 2024Founded TCW Steel City Senior Lending BDC is founded2

Filings

36 filings to the SEC since October 2021: 2 annual reports, 2 quarterly reports, 2 major events, 13 insider forms, 3 large holders, 2 private raises, 12 other. The latest 20:

  1. Aug 12, 202610-Q EDGAR
  2. Jun 25, 2026D/A EDGAR
  3. May 20, 20263 EDGAR
  4. May 13, 202610-Q EDGAR
  5. Apr 30, 202610-K/A EDGAR
  6. Mar 26, 202610-K EDGAR
  7. Jan 29, 20268-K EDGAR
  8. Jan 22, 2026SCHEDULE 13G EDGAR
  9. Nov 21, 2025SCHEDULE 13G EDGAR
  10. Nov 21, 2025SCHEDULE 13G EDGAR
  11. Nov 5, 20253 EDGAR
  12. Nov 5, 20253 EDGAR
  13. Nov 5, 20258-K EDGAR
  14. Oct 24, 202540-17G EDGAR
  15. Oct 10, 202510-12G/A EDGAR
  16. Oct 10, 2025CORRESP EDGAR
  17. Oct 3, 20253 EDGAR
  18. Oct 3, 20253 EDGAR
  19. Oct 3, 20253 EDGAR
  20. Oct 3, 20253 EDGAR

The 36 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.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Feb 5, 2025Raised $549.6 million in a private offering of equity Form D: 8 investors so far Form D

SEC filer profile

How TCW Steel City Senior Lending BDC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTCW Steel City Senior Lending BDC1
  • CIK0002043133
  • Employer ID (EIN)33-15155879
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company9
  • Incorporated inDelaware9
  • Fiscal year endsDecember 311
  • Business address515 S Flower St, Los Angeles, CA 900711
  • Phone213-244-00001
  • Shares outstanding18,978,160 as of Aug 12, 20265
  • Public float$0 as of Dec 31, 20258
  • AuditorDeloitte & Touche LLP, Los Angeles, California, United States of America PCAOB ID 34; no auditor attestation of internal control over financial reporting9
  • On EDGAR sinceNov 21, 20241
  • Filings38 in all: 3 (13), 40-APP/A (4), SCHEDULE 13G (3), 10-12G/A (2), 10-Q (2), 40-APP (2), 8-K (2), CORRESP (2)1
    All 16 form types

    10-12G (1), 10-K (1), 10-K/A (1), 40-17G (1), D (1), D/A (1), N-54A (1), UPLOAD (1)

  • Latest filingsAnnual report (10-K) Mar 26, 2026
    Quarterly report (10-Q) Aug 12, 2026
    Latest 8-K (8-K) Jan 29, 2026

Risk factors and legal proceedings

The risks TCW Steel City Senior Lending BDC names in Item 1A of its 10-K filed Mar 26, 2026: 4 risks under these headings, as written.9

  • RISKS RELATED TO OUR BUSINESS
  • RISKS RELATED TO OUR INVESTMENTS
  • RISKS RELATED TO SHAREHOLDERS
  • 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.9

Sources

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