TCW Star Direct Lending LLC Files 2024 10-K
| Field | Detail |
|---|---|
| Company | Tcw Star Direct Lending LLC |
| Form Type | 10-K |
| Filed Date | Mar 27, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, direct lending, debt investment
TL;DR
TCW Star Direct Lending 2024 10-K is out. Check out their D&D Buyer loan details.
AI Summary
TCW Star Direct Lending LLC filed its 2024 10-K on March 27, 2025, reporting on its fiscal year ending December 31, 2024. The company, formerly known as N Middle Market Lending, LLC, is incorporated in Delaware and headquartered in Boston, MA. Key investments include a term loan to D&D Buyer, LLC, representing 4.0% of net assets, with a maturity date of October 4, 2028.
Why It Matters
This filing provides investors with a comprehensive overview of TCW Star Direct Lending LLC's financial performance and investment portfolio for the fiscal year 2024, including details on its debt investments.
Risk Assessment
Risk Level: medium — The filing details specific debt investments, which carry inherent credit and interest rate risks.
Key Numbers
- 4.0% — % of Net Assets (Investment in D&D Buyer, LLC)
- 2024-12-31 — Fiscal Year End (Reporting period for the 10-K)
- 2025-03-27 — Filing Date (Date the 10-K was submitted)
Key Players & Entities
- TCW Star Direct Lending LLC (company) — Filer of the 10-K
- N Middle Market Lending, LLC (company) — Former name of TCW Star Direct Lending LLC
- 2024-12-31 (date) — Fiscal year end
- 2025-03-27 (date) — Filing date
- D&D Buyer, LLC (company) — Company with a term loan investment
- 4.0% (dollar_amount) — Percentage of net assets for D&D Buyer, LLC investment
- October 4, 2028 (date) — Maturity date for D&D Buyer, LLC investment
FAQ
What is the total value of TCW Star Direct Lending LLC's investments as of December 31, 2024?
The filing does not explicitly state the total value of all investments, but it details specific investments like the 4.0% of net assets in D&D Buyer, LLC.
What are the terms of the term loan provided to D&D Buyer, LLC?
The term loan to D&D Buyer, LLC has an interest rate of SOFR + 7.00% with a 2.00% Floor, and a maturity date of October 4, 2028.
When did TCW Star Direct Lending LLC change its name?
The company changed its name from N Middle Market Lending, LLC on March 11, 2022.
What is the primary business of TCW Star Direct Lending LLC?
TCW Star Direct Lending LLC is involved in direct lending, as indicated by its name and the nature of its investments, such as term loans.
Where is TCW Star Direct Lending LLC headquartered?
TCW Star Direct Lending LLC is headquartered at 200 Clarendon Street, 51st Floor, Boston, MA 02116.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 27, 2025 regarding TCW Star Direct Lending LLC.