Asset Manager TCW 'Nervous' About Parts of Private Credit

TCW Group Inc.’s chief executive officer said she’s “very nervous” about parts of private credit, joining a chorus of financial leaders who are sounding the alarm on the asset class.

Katie Koch, president and CEO of the Los Angeles-based asset manager, said TCW is 15% underweight credit right now. She was speaking a panel discussion at the Global Financial Leaders’ Investment Summit in Hong Kong on Wednesday.