They are a newly incorporated blank check company. Their sponsor is an affiliate of The TCW Group, Inc. (“TCW”). TCW is a leading global investment management firm headquartered in Los Angeles, California with over 600 employees throughout offices in 10 cities worldwide. They believe TCW Special Purpose Acquisition Corp. can serve as a natural extension of the longstanding investment strategy of TCW’s New America Premier business unit that was established by Joseph Shaposhnik in 2015. In 2015, New America launched the TCW New America Premier Equities strategy. The investment strategy seeks to compound capital at above market average returns while incurring below market average risk. To accomplish this objective, the New America investment team focuses on selecting businesses with the following characteristics: predictable, recurring revenue growth business models that generate consistent free cash flow; product or service that is a small part of customers’ overall costs but critical to business operations; excess free cash flow is reinvested in high return projects or value enhancing acquisitions; management has a strong record of building the business and allocating capital; and business is offered at a reasonable multiple of cash flow relative to expected growth of cash flow per share.
Joseph R. Shaposhnik has been our Chief Executive Officer since December 2020 and will serve as Chairman of the Board of Directors following the completion of this offering. Mr. Shaposhnik established TCW’s New America business unit in 2015 and serves as Managing Director and Portfolio Manager of TCW New America Premier Equities, Global Premier ESG Equities, and Global Space Technology Equities portfolios. He previously served as a Senior Equity Analyst in the Equity Research group with coverage responsibility for the industrials and basic materials sectors. Prior to joining TCW in 2011, he was an Equity Research Associate at Fidelity Management and Research Company, with coverage responsibility for the semiconductor and entertainment software sectors for the firm’s U.S. domestic equity funds. Mr. Shaposhnik holds a BS in Business Administration from the Haas School of Business at the University of California, Berkeley, and an MBA from the UCLA Anderson School of Management.
Richard Villa has been our Chief Financial Officer and Secretary since December 2020. Mr. Villa is the Chief Financial Officer responsible for managing the financial operations of the TCW Group. Prior to joining TCW as Controller in 2002, Mr. Villa was a Senior Vice President and Director of Finance for Fidelity Federal Bank where he was responsible for the treasury and accounting functions of the bank. Previously, he was an Audit Manager with Deloitte & Touche where he specialized in serving financial services companies, including banks and investment companies. Before that, he was in the management training program of Union Bank of California. Mr. Villa received his BS in Finance from Arizona State University and is a Certified Public Accountant in the state of California and a member of the American Institute of Certified Public Accountants.
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