TCW Absorbs PE Firm Craton To Expand Alternative Assets

Law360, New York (September 30, 2013, 1:28 PM ET) -- The TCW Group has acquired Los Angeles-based Craton Equity Partners, a private equity firm with $241.5 million in assets under management specializing in socially responsible investing, TCW announced Monday.

TCW said the new subsidiary, TCW/Craton, will continue Craton's legacy of providing growth capital to venture-backed companies within the sustainability, resource efficiency and carbon-reducing tech sectors by investing in companies with low-capital requirement business models operating independently of tax credits and government subsidies.

"The acquisition of Craton Equity further expands our alternative asset management platform at a...
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