TCW’s Dylan Ross on private asset-backed finance (ABF)
INTERVIEWSERIES
Dylan Ross, Managing Director, Portfolio Manager & Head of Asset-Backed Finance, TCW
July 2026
In this exclusive interview, Dylan discusses how TCW manages its ABF investments, from portfolio construction through to risk management, with a focus on ensuring client capital is protected. He outlines the key areas of investment focus for their ABF platform, explains the rationale behind those areas of focus, and explores how the platform benefits from being integrated alongside TCW's public securitised credit business.
Watch the full interview where we ask Dylan:
How do you structure and monitor ABF investments to detect fraud risk early and ensure capital is protected even in stressed scenarios?
How does the broader experience of having TCW’s ABF platform sitting alongside a public securitised credit business support the way you underwrite and manage ABF investments?
Why does TCW’s ABF platform focus on core, repeatable asset classes over highly idiosyncratic, single‑asset financings and why is that distinction important from a risk and portfolio construction standpoint?
How do you think about first‑loss protection and where it sits in the capital stack across different ABF strategies?
Dylan Ross, Managing Director, Portfolio Manager & Head of Asset-Backed Finance, TCW
Dylan is a Managing Director and Portfolio Manager and Group Head of TCW’s Asset-Backed Finance (“ABF”) investment team. He brings 20 years of experience in alternative credit investing with a primary focus on structured credit and asset-backed finance.
Prior to TCW, Dylan spent 16 years at Brigade Capital Management, LP where he helped launch the dedicated structured credit fund in 2014 and served as the Co-Head of the business. Additionally, Dylan was responsible for the structuring of the CLO issuance business and served on the firm Management Committee. During his time at Brigade, dedicated structured
credit assets grew to approximately US$5 billion, while Brigade’s global CLO issuance platform exceeded US$10 billion in AUM. Prior to Brigade, Dylan was an Analyst in the Global Structured Product group at Banc of America Securities.
Dylan serves on the Leadership Council at Success Academy, a charter school network based in New York City. He received his BA in Mathematical Economics from Pomona College.
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