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Home›Private Credit›Cliffwater Corporate Lending Fund
Cliffwater

Cliffwater Corporate Lending Fund

Cliffwater
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NAV unavailable
ISINUS1868542044
Inception date06/03/2019
Min. investment10 M$
Recommended duration5 years
Distribution policyDistributing
Ongoing fees1.27%
Direct
Type
Direct Lending
Strategy
SOFR + 500bps
Benchmark
0.5x
Max leverage
Overview

Cliffwater Corporate Lending Fund is a Delaware statutory trust operating as a closed-end interval fund that seeks consistent current income and capital preservation by investing at least 80% of its assets in corporate loans, primarily direct loans to U.S. middle-market companies. Managed by Cliffwater LLC, it uses a multi-lender approach partnering with various direct lending managers to build a diversified portfolio of first lien senior secured and other private credit investments, designed to mirror an enhanced version of the Cliffwater Direct Lending Index.

Fund Characteristics
Fund typeDirect
Asset classPrivate Credit
StrategyDirect Lending
Target geographyUS, XX
Market segmentMid-market
SectorsInformation Technology, Health Care
Leverage ratio0.5x
BenchmarkDirect Lending Proxy (FedFunds/SOFR + 500 bps)
Fund Managers
SP
Samir Patel
Portfolio Manager · Cliffwater
FB
Frances Beyers
Portfolio Manager · Cliffwater
Stephen L. Nesbitt
Stephen L. Nesbitt
Portfolio Manager, CEO and CIO · Cliffwater
Caitlin Nemeth
Caitlin Nemeth
Portfolio Manager · Cliffwater
Year founded
2004
Firm AUM
$42B
Country
Marina del Rey, US
Website
Cliffwaterfunds.com
LinkedIn
linkedin.com/cliffwater
—
NAV unavailable
ISINUS1868542044
Inception date06/03/2019
Min. investment10 M$
Recommended duration5 years
Distribution policyDistributing
Ongoing fees1.27%