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Vehicle file · Non-traded BDC

TCW Direct Lending LLC

What its SEC filings show.

SEC CIK 1603480·Inc. DE·Fiscal year end 12/31·Data as filed · pulled Oct 12, 2026
What this file is.Not a review. Every figure below is the issuer's own number as tagged in its filings to the SEC, unadjusted, with a link to the filing it came from. When a new filing lands, the table updates; when a filing changes something for the people who hold this vehicle, we write it up and link it under Our reads.

TCW Direct Lending LLC is a non-traded BDC registered with the SEC under CIK 1603480 (incorporated in DE). Its most recent filing is a 10-Q (quarterly report) dated Aug 12, 2026. As of Jun 30, 2026 it reported total assets of $433.0M (down 40.3% from $725.0M a year earlier) and stockholders' equity of $233.0M. Net income (loss) for the six months to Jun 30, 2026 was −$35.2M. Reported NAV per share: $21.33 as of Jun 30, 2026.

What the figures say together

Our arithmetic on the issuer's own figures, only pairing numbers from the same period or date, and ranked against the 70 other vehicles of this type we track.

  • Liabilities were 57% of total assets at Jun 30, 2026. It ranks 59th of the 69 vehicles of this type that report the same figures (1st = least leveraged).
  • NAV per share moved down 15.5% in a year, from $25.23 to $21.33 (before distributions). It ranks 53rd of the 58 vehicles of this type that report the same figures (1st = best NAV change).

Key figures, as filed.

Balance sheet
FigureLatestPeriodA year earlierChangeSource
Total assets$433.0Mas of Jun 30, 2026$725.0M−40.3%10-Q · Aug 12, 2026
Investments at fair value$178.3Mas of Jun 30, 2026$327.8M−45.6%10-Q · Aug 12, 2026
Cash and equivalents$5.9Mas of Jun 30, 2026$1.4M+327.4%10-Q · Aug 12, 2026
Total liabilities$247.5Mas of Jun 30, 2026$469.2M−47.2%10-Q · Aug 12, 2026
NAV per share$21.33as of Jun 30, 2026$25.23−15.5%10-Q · Aug 12, 2026
Shares outstanding (cover page)18.0M sharesas of Aug 12, 202618.0M shares+0.0%10-Q · Aug 12, 2026
Results and cash flow
FigureLatestPeriodA year earlierChangeSource
Net income (loss)−$35.2Msix months to Jun 30, 2026$87K−40518.4%10-Q · Aug 12, 2026
Cash from operations$49.0Msix months to Jun 30, 2026$3.2M+1430.3%10-Q · Aug 12, 2026
Management fees$1.2Msix months to Jun 30, 2026$1.7M−27.0%10-Q · Aug 12, 2026

Flows (revenues, income, cash, distributions, repurchases) are shown for the period the issuer reported them in, which may be a quarter, a year-to-date span or a full year; “a year earlier” compares only periods of the same length. A vehicle that does not tag a figure in XBRL will not show it here even if the PDF discloses it.

Filing timeline.

The last 25 documents this issuer filed with the SEC. Marked rows are the ones that tend to matter to holders.

Our reads on TCW Direct Lending LLC.

No forensic read of this vehicle yet. When a filing changes something for holders — a tender offer, a repurchase cap, a NAV reset, a distribution cut — the read goes here.

Source: SEC EDGAR, XBRL company facts and filing index for CIK 1603480, retrieved Oct 12, 2026. Figures are reproduced as tagged by the issuer; errors in the source carry through, which is why every row links to the filing. Nothing here is investment advice.

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