# EDGAR Filing Document

**Accession Number:** 0002036272
**File Stem:** 0001752724-25-194116
**Filing Date:** 2025-8
**Character Count:** 17229
**Document Hash:** 6e6ec2c26848d0c257fd9a162d568659
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-194116.hdr.sgml**: 20250820

**ACCESSION NUMBER**: 0001752724-25-194116

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250820

**DATE AS OF CHANGE**: 20250820

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TCW Private Asset Income Fund
- **CENTRAL INDEX KEY:** 0002036272

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24002
- **FILM NUMBER:** 251234875

**BUSINESS ADDRESS:**
- **STREET 1:** 515 SOUTH FLOWER STREET
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** (833) 996-2518

**MAIL ADDRESS:**
- **STREET 1:** 515 SOUTH FLOWER STREET
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** TCW Private Asset Income Fund

- **b. Investment Company Act file number:** 811-24002

- **c. CIK number of Registrant:** 0002036272

- **d. LEI of Registrant:** 254900JOZ7KOHWZ5ZD02

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 515 SOUTH FLOWER STREET

  - **City:** LOS ANGELES

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

  - **Telephone number:** 214-244-0000

**Item A.2. Information about the Series.**

- **a. Name of Series:** TCW Private Asset Income Fund

- **c. LEI of Series:** 254900JOZ7KOHWZ5ZD02

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $307074885.00

**Total Liabilities:** $679089.00

**Net Assets:** $306395796.00

**Cash Not Reported:** $10000000.00

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -555.76000000 | **1-Year:** -20038.39000000 | **5-Year:** -29356.94000000 | **10-Year:** -16500.73000000 | **30-Year:** -44210.53000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.58%                | 0.48%                | 0.75%                |
| Class ID N/A | 0.54%                | 0.43%                | 0.71%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $143128.53                                 |
| Month 2  | $-4790.52                | $-167504.01                                |
| Month 3  | $0.00                    | $558832.77                                 |

### Schedule of Portfolio Investments

| Name                                                    | Title                                                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Avis Budget Rental Car Funding AESOP LLC                | Avis Budget Rental Car Funding AESOP LLC 2021                  | CUSIP: 05377REU4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   6500000 | PA      | $6286937.80   | 2.05%             | 2028-02-20      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                | Avis Budget Rental Car Funding AESOP LLC 2023                  | CUSIP: 05377RJW5<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   6460000 | PA      | $6540920.54   | 2.13%             | 2028-08-21      | Fixed         | 7.31%                 | No            |                  2 | On Loan: No      |
| Perimeter Master Note Business Trust                    | Perimeter Master Note Business Trust                           | CUSIP: 71384PBE0<br>LEI: 5493005H6EB040833X54 | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5034469.25   | 1.64%             | 2030-12-16      | Fixed         | 8.49%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                       | PRPM 2025-2 LLC                                                | CUSIP: 69382HAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9726300 | PA      | $9752090.55   | 3.18%             | 2030-05-25      | Variable      | 6.47%                 | No            |                  2 | On Loan: No      |
| Perimeter Master Note Business Trust                    | Perimeter Master Note Business Trust                           | CUSIP: 71384PBF7<br>LEI: 5493005H6EB040833X54 | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5012628.00   | 1.64%             | 2030-12-16      | Fixed         | 12.80%                | No            |                  2 | On Loan: No      |
| Aqua Finance Trust                                      | Aqua Finance Issuer Trust 2025-A                               | CUSIP: 038394AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1518277.50   | 0.50%             | 2050-12-19      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust                   | Mission Lane Credit Card Master Trust                          | CUSIP: 60510MBH0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4023341.60   | 1.31%             | 2030-01-15      | Fixed         | 9.16%                 | No            |                  2 | On Loan: No      |
| The Dreyfus Corporation                                 | Dreyfus Treasury & Agency Cash Management Institutional Shares | CUSIP: 261908107<br>LEI: 549300MKKM9KT7BF6329 | Long             | STIV             | RF                | US        |  92067905 | NS      | $92067905.33  | 30.05%            |  |  |  | No            |                  1 | On Loan: No      |
| RFS Asset Securitization II LLC                         | RFS Asset Securitization II LLC                                | CUSIP: 74969DAN5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1777272.35   | 0.58%             | 2031-07-15      | Fixed         | 8.35%                 | No            |                  2 | On Loan: No      |
| RFS Asset Securitization LLC                            | RFS Asset Securitization V LLC                                 | CUSIP: 74970DAJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2018594.80   | 0.66%             | 2032-05-15      | Fixed         | 11.11%                | No            |                  2 | On Loan: No      |
| Ondeck Asset Securitization Trust LLC                   | OnDeck Asset Securitization Trust IV LLC                       | CUSIP: 67118NAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $10245418.00  | 3.34%             | 2031-06-17      | Fixed         | 8.99%                 | No            |                  2 | On Loan: No      |
| Nomura Corp Fund Americas, LLC                          | Nomura Corp Fund Americas, LLC Term Loan                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |  10000000 | PA      | $10000000.00  | 3.26%             | 2030-04-11      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes                 | Santander Bank Auto Credit-Linked Notes Series 2022-C          | CUSIP: 80290CBL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  21150000 | PA      | $23962343.00  | 7.82%             | 2032-12-15      | Fixed         | 18.06%                | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust                   | Mission Lane Credit Card Master Trust                          | CUSIP: 60510MBJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3022743.60   | 0.99%             | 2030-01-15      | Fixed         | 12.19%                | No            |                  2 | On Loan: No      |
| RFS Asset Securitization LLC                            | RFS Asset Securitization V LLC                                 | CUSIP: 74970DAH5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3027196.20   | 0.99%             | 2032-05-15      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                       | PRPM 2025-RPL3 LLC                                             | CUSIP: 69392NAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2713220.40   | 0.89%             | 2055-04-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Mercury Financial Credit Card Master Trust              | Mercury Financial Credit Card Master Trust 2025 Revolver       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  27893048 | PA      | $27947657.26  | 9.12%             | 2029-04-20      | Floating      | 12.13%                | No            |                  2 | On Loan: No      |
| FORA Financial Asset Securitization                     | Fora Financial Asset Securitization 2024 LLC                   | CUSIP: 34512PAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3900000 | PA      | $3923013.90   | 1.28%             | 2029-08-15      | Fixed         | 8.03%                 | No            |                  2 | On Loan: No      |
| Cardless Asset Receivable Trust                         | Cardless Asset Receivable Trust Class B Revolver               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  27586207 | PA      | $0.00         | 0.00%             | 2028-04-15      | Floating      | 13.30%                | No            |                  2 | On Loan: No      |
| Affirm Master Trust                                     | Affirm Master Trust                                            | CUSIP: 00833BAL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $7028809.34   | 2.29%             | 2033-07-15      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC                    | PRET 2025-NPL4 LLC                                             | CUSIP: 74136UAA3<br>LEI: 2549006327OOFEDCTX76 | Long             | ABS-O            | CORP              | US        |   2456582 | PA      | $2470947.59   | 0.81%             | 2055-04-25      | Variable      | 6.37%                 | No            |                  2 | On Loan: No      |
| Continental Finance Credit Credit Card ABS Master Trust | Continental Finance Credit Card ABS Master Trust               | CUSIP: 66981PAK4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6420000 | PA      | $6636611.44   | 2.17%             | 2030-10-15      | Fixed         | 9.33%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                | Angel Oak Mortgage Trust 2025-HB1                              | CUSIP: 034936AA2<br>LEI: 254900ZFKOWCY24MSQ94 | Long             | ABS-O            | CORP              | US        |   2812877 | PA      | $2832213.40   | 0.92%             | 2055-02-25      | Floating      | 6.11%                 | No            |                  2 | On Loan: No      |
| NFAS, Llc                                               | NFAS3 LLC                                                      | CUSIP: 62909DAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4669000 | PA      | $4695687.77   | 1.53%             | 2031-05-15      | Fixed         | 11.93%                | No            |                  2 | On Loan: No      |
| Sotheby's Art Loan Trust LLC                            | SAFMT 2023-VFS-A (2025-B)                                      | CUSIP: 000000000<br>LEI: 549300P5BAAMQQ7VL735 | Long             | LON              | CORP              | US        |  29682237 | PA      | $29682236.63  | 9.69%             | 2029-12-20      | Floating      | 9.58%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                                       | PRPM 2025-RPL3 LLC                                             | CUSIP: 69392NAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4866464 | PA      | $4663469.28   | 1.52%             | 2055-04-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| NFAS, Llc                                               | NFAS3 LLC                                                      | CUSIP: 62909DAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7602000 | PA      | $7648008.44   | 2.50%             | 2031-05-15      | Fixed         | 8.19%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                                              | AMSR 2020-SFR2 Trust                                           | CUSIP: 00178UAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $4986681.00   | 1.63%             | 2037-07-17      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FirstKey Homes 2020-SFR1 Trust                          | FirstKey Homes 2020-SFR1 Trust                                 | CUSIP: 33767MAQ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $4977110.00   | 1.62%             | 2037-08-17      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust           | BHG Securitization Trust 2023-A                                | CUSIP: 08860FAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2648685.00   | 0.86%             | 2036-04-17      | Fixed         | 8.55%                 | No            |                  2 | On Loan: No      |
| RFS Asset Securitization LLC                            | RFS Asset Securitization V LLC                                 | CUSIP: 74970DAK8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6576000 | PA      | $6638068.23   | 2.17%             | 2032-05-15      | Fixed         | 13.11%                | No            |                  2 | On Loan: No      |
| Ondeck Asset Securitization Trust LLC                   | OnDeck Asset Securitization Trust IV LLC                       | CUSIP: 67108SAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1375000 | PA      | $1368722.44   | 0.45%             | 2031-10-17      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-06

**Name of Applicant:** TCW Private Asset Income Fund

**Signature:** Cielo Ordonez

**Name of Signer:** Cielo Ordonez

**Title:** Senior Vice President