# Metropolitan West Asset Management

Metropolitan West Asset Management is an Asset Manager based in Los Angeles, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Los Angeles, United States
- **Region:** North America
- **Address:** Los Angeles, CA, United States
- **Founded:** 1996
- **Assets under management:** ~$160B (per SEC Form ADV, March 2025)
- **Website:** metwest.com

## Regulatory record

- **CRD number:** 104571
- **SEC file number:** 801-53332
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/104571

## About

METROPOLITAN WEST ASSET MANAGEMENT LLC is an SEC-registered investment adviser in LOS ANGELES, CA, since 1996. The firm manages $78.5 billion in assets on a discretionary basis. It has 377 employees and 86 investment advisers.

## Sectors

- Private Credit
- Infrastructure
- Real Estate
- Hedge Funds

## Offices

- New York, NY
- London, United Kingdom

## People

- Tad Rivelle — Chief Investment Officer
- Stephen Kane — Deputy Chief Investment Officer
- Laird Landmann — Co-Head of Investment Management
- David Lippman — Co-Head of Investment Management

## Questions

### Who runs investment decisions at Metropolitan West?

Tad Rivelle is the firm's Chief Information Officer and has led investment strategy since co-founding the firm in 1996. Stephen Kane serves as Deputy CIO. They are supported by co-heads of investment management, Laird Landmann and David Lippman (per the firm's regulatory filings and public records).

### How is Metropolitan West structured within TCW Group?

Metropolitan West operates as a distinct investment division within TCW Group, which acquired the firm in 2009. The founders retained control over investment decisions and branding — an arrangement that preserves autonomy while leveraging TCW's distribution and operational support.

### What investment strategies does Metropolitan West focus on?

The firm specializes in fixed-income investing, with strategies that include investment-grade credit, high-yield debt, mortgage-backed securities, and structured credit. It also manages a private credit platform through its parent's alternative assets division. Its core expertise is credit-intensive fixed income for institutional and high-net-worth clients.

### Does Metropolitan West participate in direct loans or only public-market bonds?

Metropolitan West primarily manages commingled funds that invest in public and private credit markets. It offers strategies across both liquid credit (corporate bonds, mortgages) and illiquid alternatives (private credit, infrastructure debt) through TCW's platform. The firm does not commonly serve as a lead direct lender but participates in larger syndicated and private placements.

### What is the ownership structure behind Metropolitan West?

Metropolitan West is a wholly owned, integrated unit of TCW Group. TCW Group is majority-owned by The Carlyle Group, a global alternative asset manager. The firm's founders and key investment professionals remain as employees and partners within the broader TCW structure.

### How does Metropolitan West compare to other fixed-income asset managers?

With $160B in AUM, Metropolitan West ranks as a mid-to-large specialist fixed-income manager in the US. Its structure as an autonomous unit within a larger alternative manager (TCW) is rare — most similar firms have been fully integrated after acquisition. Its concentrated credit focus differentiates it from diversified managers covering equities and alternatives.

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Last updated: 2026-06-03T20:00:00.000Z

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