Nippon Life Insurance completed the acquisition of a 24.75% stake in TCW Group from Carlyle.

Nippon Life Insurance, a private life insurance company, completed the acquisition of a 24.75% stake in TCW Group, an asset management company, from Carlyle, a private equity firm. Financial terms were not disclosed. “We are excited to partner with Nippon Life, a long-term investor that believes strongly in TCW’s client-focused approach. In Nippon Life, we have found a partner that, like Carlyle, will enable us to maintain strong employee ownership, which aligns our interests with those of our clients and strengthens employee incentives, and, most importantly, will allow us to preserve our proven investment processes and philosophy so that we can continue to meet the investment objectives of our clients. We look forward to a long and fruitful partnership with Nippon Life," David Lippman, TCW President and CEO.