On September 30, 2013, The TCW Group, Inc. announced that it had acquired Los Angeles, California-based private equity firm Craton Equity Partners.
On September 30, 2013, The TCW Group, Inc. announced that it had acquired Craton Equity Partners, a Los Angeles, California-based private equity firm. Craton specializes in socially responsible investing and provides capital to venture-backed companies in the sustainability, resource efficiency, and carbon-reducing technology sectors. Craton has approximately $241.5 million in assets under management. The TCW Group is a global asset management firm with approximately $130 billion in assets under management. Financial terms of the transaction were not disclosed.
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