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.