TCW Group has marked down its equity stake in Red Lobster by roughly 98% since acquiring it via the restaurant’s 2024 bankruptcy, leaving shares held by a private credit fund it oversees now worth less than $1 million, according to a recent regulatory filing.
TCW Private Credit Fund Slashes Red Lobster Equity Value by 98%
TCW Group has marked down its equity stake in Red Lobster by roughly 98% since acquiring it via the restaurant’s 2024 bankruptcy, leaving shares held by a private credit fund it oversees now worth less than $1 million, according to…
This article was originally published by
Bloomberg Markets
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