OTHER NEWS - Nov. 3, 1995
<i> Times Staff and Wire Reports</i>
Southland Money Managers to Merge: Los Angeles-based TCW Group, parent of Trust Co. of the West, said it has acquired private Crescent Capital Corp., a firm TCW had turned to for high-yield bond management expertise last April when TCW’s own high-yield team left to start a new firm. Crescent adds $1.4 billion in assets to the $50 billion TCW already manages. Separately, TCW said it formed a joint venture with Hicks, Muse, Tate & Furst to make “mezzanine-level” investments in profitable, middle-market companies.
