# EDGAR Filing Document

**Accession Number:** 0002011937
**File Stem:** 0001104659-25-063197
**Filing Date:** 2025-6
**Character Count:** 16887
**Document Hash:** 67948343307add689380b08c313fdefd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-063197.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001104659-25-063197

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**SUBJECT COMPANY**: 

**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:** SCHEDULE 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-95088
- **FILM NUMBER:** 251082001

**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
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Apollo Principal Holdings B GP, LLC
- **CENTRAL INDEX KEY:** 0002011937

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

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G

**BUSINESS ADDRESS:**
- **STREET 1:** 9 WEST 57TH STREET
- **STREET 2:** 41ST FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 2125153265

**MAIL ADDRESS:**
- **STREET 1:** 9 WEST 57TH STREET
- **STREET 2:** 41ST FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Apollo Principal Holdings VI GP, LLC
- **DATE OF NAME CHANGE:** 20240213

## Exhibit 99.1

**EXHIBIT 1**

**JOINT FILING AGREEMENT**

TCW Private Asset Income Fund

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned hereby confirm the agreement by and among them to the joint filing on behalf of them of the Statement on Schedule 13G and any and all further amendments thereto, with respect to the securities of the above referenced issuer, and that this Agreement be included as an Exhibit to such filing. This Agreement may be executed in any number of counterparts each of which shall be deemed to be an original and all of which together shall be deemed to constitute one and the same Agreement.

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of June 26, 2025.

---

| | | |
|:---|:---|:---|
| **AP Talon Holdings, L.P.** | **AP Talon Holdings, L.P.** | **AP Talon Holdings, L.P.** |
| By: | AP Talon Holdings GP, LLC, | AP Talon Holdings GP, LLC, |
|  | its general partner | its general partner |
|  | Apollo Principal Holdings B, L.P., | Apollo Principal Holdings B, L.P., |
|  | its sole member | its sole member |
|  | Apollo Principal Holdings B GP, LLC, | Apollo Principal Holdings B GP, LLC, |
|  | its general partner | its general partner |
|  | By: | /s/ William B. Kuesel |
|  | Name: | William B. Kuesel |
|  | Title: | Vice President |

---

---

| | | |
|:---|:---|:---|
| **AP Talon Holdings GP, LLC** | **AP Talon Holdings GP, LLC** | **AP Talon Holdings GP, LLC** |
| By: | Apollo Principal Holdings B, L.P., | Apollo Principal Holdings B, L.P., |
|  | its sole member | its sole member |
|  | Apollo Principal Holdings B GP, LLC, | Apollo Principal Holdings B GP, LLC, |
|  | its general partner | its general partner |
|  | By: | /s/ William B. Kuesel |
|  | Name: | William B. Kuesel |
|  | Title: | Vice President |

---

---

| | | |
|:---|:---|:---|
| **APOLLO PRINCIPAL HOLDINGS B, L.P.** | **APOLLO PRINCIPAL HOLDINGS B, L.P.** | **APOLLO PRINCIPAL HOLDINGS B, L.P.** |
| By: | Apollo Principal Holdings B GP, LLC, | Apollo Principal Holdings B GP, LLC, |
|  | its general partner | its general partner |
|  | By: | /s/ William B. Kuesel |
|  | Name: | William B. Kuesel |
|  | Title: | Vice President |

---

---

| | |
|:---|:---|
| **APOLLO PRINCIPAL HOLDINGS B GP, LLC** | **APOLLO PRINCIPAL HOLDINGS B GP, LLC** |
| By: | /s/ William B. Kuesel |
| Name: | William B. Kuesel |
| Title: | Vice President |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**Issuer:** TCW Private Asset Income Fund

**Title of Class of Securities:** Class I common shares of beneficial interest

**CUSIP Number:** 87807Y206

**Date of Event Which Requires Filing of this Statement:** 06/18/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [x] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Apollo Principal Holdings B GP, LLC | Names of Reporting Persons<br>Apollo Principal Holdings B GP, LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>4995005.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>4995005.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4995005.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4995005.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>16.5% | Percent of Class Represented by Amount in Row (9)<br>16.5% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

---

| 1. | Names of Reporting Persons<br>AP Talon Holdings, L.P. | Names of Reporting Persons<br>AP Talon Holdings, L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>4995005.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>4995005.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4995005.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4995005.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>16.5% | Percent of Class Represented by Amount in Row (9)<br>16.5% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

---

| 1. | Names of Reporting Persons<br>AP Talon Holdings GP, LLC | Names of Reporting Persons<br>AP Talon Holdings GP, LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>4995005.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>4995005.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4995005.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4995005.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>16.5% | Percent of Class Represented by Amount in Row (9)<br>16.5% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

---

| 1. | Names of Reporting Persons<br>Apollo Principal Holdings B, L.P. | Names of Reporting Persons<br>Apollo Principal Holdings B, L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>E9 | Citizenship or Place of Organization<br>E9 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>4995005.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>4995005.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4995005.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4995005.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>16.5% | Percent of Class Represented by Amount in Row (9)<br>16.5% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

---

**Item 1(a). Name of Issuer:**
TCW Private Asset Income Fund

**Item 1(b). Address of Issuer's Principal Executive Offices:**
515 South Flower Street, Los Angeles, CA, 90071

**Item 2(a). Name of Person Filing:**
This statement is filed by (i) AP Talon Holdings, L.P. ("AP Talon"); (ii) AP Talon Holdings GP, LLC ("Talon GP"); (iii) Apollo Principal Holdings B, L.P. ("Principal Holdings B"); and (iv) Apollo Principal Holdings B GP, LLC ("Principal Holdings B GP"). The foregoing are collectively referred to herein as the "Reporting Persons."

AP Talon holds securities of the Issuer.

Talon GP serves as the general partner of AP Talon. Principal Holdings B is the sole member of Talon GP. Principal Holdings B GP is the general partner of Principal Holdings B.

**Item 2(b). Address of Principal Business Office:**
The principal office of each of AP Talon, Talon GP, Principal Holdings B, and Principal Holdings B GP is 9 W. 57th Street, 41st Floor, New York, New York 10019.

**Item 2(c). Citizenship:**
Principal Holdings B is a Cayman Islands exempted limited partnership. Talon GP and Principal Holdings B GP are each a Delaware limited liability company. AP Talon is a Delaware limited partnership.

**Item 2(d). Title of Class of Securities:**
Class I common shares of beneficial interest

**Item 2(e). CUSIP Number:**
87807Y206

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

AP Talon      4,995,005
Talon GP     4,995,005
Principal Holdings B     4,995,005
Principal Holdings B GP     4,995,005
Talon GP, Principal Holdings B, Principal Holdings B GP, and Messrs. Marc Rowan, Scott Kleinman, and James Zelter, the managers, as well as executive officers, of Principal Holdings B GP, each disclaim beneficial ownership of all common shares included in this report, and the filing of this report shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, or for any other purpose.

**(b) Percent of class:**

AP Talon      16.5%
Talon GP     16.5%
Principal Holdings B     16.5%
Principal Holdings B GP     16.5%
The percentages are based on 30,260,260.55 Class I common shares outstanding as of June 18, 2025, as provide by the Issuer to the Reporting Persons.

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

0 for all Reporting Persons

**(ii) Shared power to vote or to direct the vote:**

4,995,005 for all Reporting Persons

**(iii) Sole power to dispose or to direct the disposition of:**

0 for all Reporting Persons

**(iv) Shared power to dispose or to direct the disposition of:**

4,995,005 for all Reporting Persons

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Apollo Principal Holdings B GP, LLC**

**Date:** 06/26/2025

**By:** /s/ William Kuesel

**Name & Title:** William Kuesel, Vice President

**AP Talon Holdings, L.P.**

**Date:** 06/26/2025

**By:** AP Talon Holdings GP, LLC

**Name & Title:** General Partner

**AP Talon Holdings GP, LLC**

**Date:** 06/26/2025

**By:** Apollo Principal Holdings B, L.P.

**Name & Title:** Sole Member

**Apollo Principal Holdings B, L.P.**

**Date:** 06/26/2025

**By:** Apollo Principal Holdings B GP, L.P.

**Name & Title:** General Partner