TCW Group acquires LA-based Craton Equity Partners

The TCW Group said Monday that it has bought Craton Equity Partners. No financial terms were disclosed. As a result of the acquisition, Craton Equity managing partners Bob MacDonald and Tom Soto will become managing directors at TCW/Craton. Also, Craton Equity managing partner Kevin Wall will become a senior advisor, while David Asarnow, a partner at Craton Equity, will become a senior vice president and director of investments at TCW/Craton. Based in Los Angeles, Craton Equity Partners is a private equity firm that specializes in socially responsible investments.

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