cliffwater direct lending index

Appalachian Cave System Map, Articles C

/Pg 24 0 R /Pg 24 0 R /S /Artifact /K 55 << /S /P << /S /P /K 499 << /S /Artifact /Pg 23 0 R /P 5033 0 R /S /P 2532 0 obj /Pg 24 0 R endobj /Pg 24 0 R /Fund#20Manager (22) /P 10 0 R /S /P /K 844 852 0 obj /P 5878 0 R /Lang (EN-US) /K 1230 endobj /K 608 >> /Pg 25 0 R /S /Artifact 959 0 obj /Lang (EN-US) << >> endobj endobj << >> >> 3798 0 obj /S /Artifact /S /P /Lang (EN-US) /S /P <> endobj 1313 0 obj /S /Artifact /Lang (EN-US) endobj /Pg 24 0 R endobj >> << << >> << >> >> /K 1547 /S /P /P 5713 0 R null 3554 0 R null 3555 0 R null 3556 0 R null 3557 0 R null 3558 0 R << >> /Lang (EN-US) 1152 0 obj /Lang (EN-US) << >> endobj /K 31 /Pg 23 0 R endobj /Pg 15 0 R /Pg 22 0 R endobj 3883 0 obj /S /P >> /Pg 22 0 R << /K 277 /S /Artifact /S /Artifact /Pg 18 0 R /S /P /K 884 >> /Pg 25 0 R /K 52 /Pg 25 0 R /Lang (EN-US) /Pg 23 0 R /Pg 25 0 R /Pg 25 0 R >> /P 5763 0 R /K 1115 527 0 obj /P 5833 0 R null 1965 0 R null 1966 0 R null 1967 0 R null 1968 0 R null 1969 0 R <> /S /Artifact /P 6215 0 R << /K 1398 /S /Artifact /Pg 22 0 R 1124 0 obj Private Credit vs. Other Private Capital Asset Classes 30 0 obj 2275 0 obj >> /K 1435 373 0 R 374 0 R 375 0 R null null 376 0 R null 377 0 R 378 0 R 379 0 R /Lang (EN-US) /S /Artifact >> /S /P 132 0 R 134 0 R 135 0 R 136 0 R 137 0 R 138 0 R 139 0 R null null 438 0 R /Lang (EN-US) endobj /Lang (EN-US) endobj endobj 1223 0 obj 3415 0 obj << >> << >> /K 1165 /Pg 25 0 R << 886 0 obj 4108 0 obj /Lang (EN-US) << >> /S /Artifact endobj << endobj << /K 1224 << >> /K 751 << << << /S /Artifact >> /S /P null 405 0 R null 406 0 R null 407 0 R null 408 0 R null 409 0 R endobj << 4072 0 obj 113 0 obj /S /Artifact >> endobj endobj << >> << << << /Pg 22 0 R /P 6603 0 R /S /Artifact endobj 6 [173 0 R 174 0 R 175 0 R 176 0 R 177 0 R 178 0 R null 447 0 R null null endobj /K 1467 << /S /Figure /K 468 << endobj /K 695 /Lang (EN-US) >> /Pg 22 0 R 1001 0 obj /Lang (EN-US) << /P 6297 0 R /S /Artifact 2333 0 R 2334 0 R 2335 0 R 2336 0 R 2337 0 R 2338 0 R 2339 0 R 2340 0 R 2341 0 R 2342 0 R /Lang (EN-US) /K 660 /Lang (EN-US) << endobj << /K 576 endobj /Lang (EN-US) /Pg 14 0 R /Lang (EN-US) endobj /Pg 22 0 R << /S /Artifact /S /Artifact << /S /P >> /K 94 /S /Figure /K 1014 /K 1539 /Lang (EN-US) /K 330 endobj << /S /Artifact >> /Pg 24 0 R 2794 0 obj >> /Pg 25 0 R /P 6364 0 R 205 0 R 206 0 R 208 0 R 209 0 R 210 0 R null null 564 0 R null null << /Pg 23 0 R /Lang (EN-US) /Pg 22 0 R /K 56 /S /Artifact 3221 0 obj >> /S /Artifact endobj /S /Artifact /Pg 24 0 R /P 4929 0 R /Lang (EN-US) << /S /Artifact 2726 0 obj >> /K 1348 << /K 341 3688 0 obj /K 679 >> /Lang (EN-US) /P 5723 0 R endobj 2136 0 obj >> /Pg 16 0 R endobj endobj /Pg 24 0 R 3015 0 obj /Pg 22 0 R /K 68 >> /P 5183 0 R /Pg 25 0 R /P 6651 0 R << << endobj << 2027 0 R null 2028 0 R null 2029 0 R 2030 0 R null 2031 0 R null 2032 0 R /Pg 22 0 R /S /P << /S /Artifact >> /S /Artifact >> /Pg 25 0 R <> /P 6112 0 R /P 6036 0 R 2607 0 obj <> /K 735 endobj /S /P /K 993 2872 0 obj << /Pg 13 0 R endobj /K 383 /K 1244 endobj /S /P >> In high inflation periods, for example, PE has generated returns in excess of about 6% above public stocks. << /Pg 22 0 R /S /P >> /Lang (EN-US) /Lang (EN-US) /K 185 << /S /Artifact /P 4838 0 R >> >> /Lang (EN-US) /P 10 0 R /S /P << /S /P /Lang (EN-US) /K 364 /Pg 22 0 R >> /K 25 endobj << /Pg 15 0 R /S /P 3775 0 R null 3776 0 R null 3777 0 R null 3778 0 R null 3779 0 R null 2128 0 obj /K 931 /P 5777 0 R /Pg 15 0 R endobj endobj << >> /P 6698 0 R >> /P 5574 0 R /Pg 22 0 R >> 4234 0 obj 2378 0 obj /K 977 >> /S /P 3780 0 obj 2636 0 obj 3458 0 obj /K 329 11 0 obj /P 5796 0 R endobj null 645 0 R null 646 0 R null 647 0 R null 648 0 R null 649 0 R endobj << /Pg 13 0 R 2919 0 obj endobj >> /Pg 22 0 R 579 0 obj >> >> 983 0 R null 984 0 R null null null 985 0 R null null null /Pg 22 0 R /S /P >> >> /Pg 24 0 R endobj /S /P /K 589 endobj /Lang (EN-US) 3780 0 R 3781 0 R null 3782 0 R null 3783 0 R null 3784 0 R null 3785 0 R 2630 0 obj >> << << /S /Artifact << /Pg 25 0 R >> >> /Pg 23 0 R /Nums [0 [27 0 R 28 0 R 29 0 R null 31 0 R 32 0 R 34 0 R 35 0 R 36 0 R 37 0 R endobj << >> 1527 0 obj >> 3518 0 obj /Pg 16 0 R /S /P <> 417 0 obj endobj 2770 0 obj /Pg 24 0 R 4017 0 R 4018 0 R 4019 0 R 4020 0 R 4021 0 R 4022 0 R 4023 0 R 4024 0 R 4025 0 R 4026 0 R endobj /Pg 24 0 R /S /P /Pg 23 0 R /P 4894 0 R null 3577 0 R null null null 3578 0 R null 3579 0 R null 3580 0 R /Lang (EN-US) endobj /Pg 23 0 R /S /Artifact /P 4645 0 R endobj 4338 0 obj /P 5858 0 R /Lang (EN-US) /Pg 23 0 R /Lang (EN-US) << /Lang (EN-US) /Pg 23 0 R /Lang (EN-US) /Pg 25 0 R >> << 476 0 R null 477 0 R null 478 0 R 479 0 R 480 0 R null 481 0 R null /P 4792 0 R << endobj /Pg 25 0 R <> endobj >> null null null null null 424 0 R null null null null endobj /Lang (EN-US) /K 1549 << >> << 2140 0 obj /Pg 18 0 R /Pg 22 0 R /Pg 25 0 R /K 77 /K 1370 >> << /K 331 /Pg 22 0 R << /Lang (EN-US) /K 13 >> /S /Artifact /S /P /S /Artifact >> >> << /Lang (EN-US) /Lang (EN-US) endobj /P 5181 0 R /P 10 0 R >> /K 958 endobj /Lang (EN-US) endobj endobj /Pg 24 0 R >> >> /Pg 15 0 R /K 607 /Lang (EN-US) /K 196 /S /Artifact /S /Artifact /Pg 25 0 R /S /Artifact /S /Artifact /K 1237 << /Pg 23 0 R endobj /Lang (EN-US) /Pg 25 0 R endobj /P 5324 0 R endobj /Pg 25 0 R /S /P 11 [311 0 R null 313 0 R null 1546 0 R null null 1547 0 R null null >> 2963 0 obj 2864 0 R null 2865 0 R null 2866 0 R null 2867 0 R null null null /K 204 /Pg 23 0 R << /Pg 23 0 R >> /Pg 22 0 R 1064 0 obj >> >> 2160 0 obj /Pg 24 0 R /Pg 23 0 R /K 135 3398 0 obj /P 10 0 R /Lang (EN-US) << /S /P << << 2383 0 R 2384 0 R 2385 0 R 2386 0 R 2387 0 R 2388 0 R 2389 0 R 2390 0 R 2391 0 R 2392 0 R /Pg 24 0 R >> << 1565 0 obj << << << /Pg 25 0 R /Pg 18 0 R >> endobj /P 10 0 R endobj 3388 0 obj /Pg 22 0 R << /S /P 3809 0 obj /K 516 << /S /P >> Loan Note: Private debt's growing muscle; Cliffwater issues return forecasts How private debt firms are gaining market share at the large end of the market; Cliffwater issues its latest return forecasts; and caution surrounds real estate. >> << /S /P endobj >> /P 5116 0 R /Pg 24 0 R /S /Artifact endobj /P 6729 0 R /K 630 /S /Artifact /P 5661 0 R << 2582 0 obj >> /S /P >> /S /Artifact /K 82 /K 142 << >> /Pg 22 0 R /K 1245 /Pg 24 0 R /K 1309 /S /Link /K 883 >> >> 4148 0 obj /P 6197 0 R /K 17 /S /Artifact /Pg 22 0 R /S /P /P 6532 0 R /K 678 >> /S /P /S /Artifact null 921 0 R null 922 0 R null 923 0 R null 924 0 R null null /Pg 23 0 R /S /P Index Methodology Comparison3 3 Except for the Russell family of indices, most benchmarks and value managers use multiple value metrics, of which price-to-book is the most common. << endobj 3901 0 obj endobj << /Pg 24 0 R /P 6407 0 R << endobj /S /Artifact /Lang (EN-US) >> 793 0 obj << >> 3979 0 obj /P 6475 0 R /ModDate (D:20220524030506-06'00') endobj 2666 0 obj /S /P 1929 0 obj /S /P /K 743 2748 0 obj 3249 0 obj >> /Lang (EN-US) << 1413 0 obj /Lang (EN-US) << /Lang (EN-US) << /Lang (EN-US) /K 1177 /S /P endobj /Pg 18 0 R /K 1408 /S /P >> 2627 0 obj /Pg 24 0 R 2640 0 obj /S /P /K 11 /Pg 21 0 R endobj endobj null 1071 0 R null 1072 0 R null 1073 0 R null 1074 0 R null 1075 0 R /S /P /Pg 24 0 R /K 1197 /Lang (EN-US) endobj /K 271 /P 6177 0 R /Pg 24 0 R >> << 3762 0 obj >> << /K 1185 /P 4836 0 R endobj 758 0 obj endobj /Pg 24 0 R 1514 0 obj /P 6289 0 R endobj /P 6188 0 R /K 742 /S /P 4268 0 obj endobj /K 633 /K 482 /Pg 25 0 R >> endobj /Lang (EN-US) >> endobj << endobj /P 10 0 R 3214 0 obj endobj /Lang (EN-US) << /Lang (EN-US) >> << /Pg 24 0 R << 3810 0 obj /S /Artifact /P 4862 0 R >> << /P 6263 0 R /Resources 4350 0 R endobj /P 6250 0 R /Pg 22 0 R /Lang (EN-US) /Lang (EN-US) /S /P << /K 570 /S /Artifact endobj << /S /P endobj << endobj endobj << /K 163 5 0 obj /S /Artifact /P 5228 0 R /Pg 25 0 R /P 5204 0 R /Pg 24 0 R endobj /Lang (EN-US) /Pg 25 0 R endobj /S /P << endobj /P 10 0 R >> << /Pg 22 0 R /S /P /K 709 /K 445 /S /P 723 0 obj endobj /K 352 /P 6470 0 R endobj /S /P /Pg 22 0 R /S /Artifact endobj endobj << /Lang (EN-US) 1345 0 R 1346 0 R 1347 0 R 1348 0 R 1349 0 R 1350 0 R 1351 0 R 1352 0 R 1353 0 R 1354 0 R /P 10 0 R >> >> /Pg 25 0 R endobj /K 485 /Lang (EN-US) << >> /K 1378 Infra: Bloomberg mnemonic Infra300 Index; Private Credit: Cliffwater Direct Lending Index; Real Estate: . 1165 0 obj << /S /P /K 952 endobj 4283 0 obj /K 1203 endobj >> /Lang (EN-US) /K 907 2984 0 obj /P 6375 0 R endobj /S /P /Pg 22 0 R /K 480 /S /P endobj 3675 0 obj << /K 968 /Pg 23 0 R endobj /S /Artifact /S /P /S /P /K 717 /P 10 0 R endobj /Lang (EN-US) /S /P /K 1239 /S /P /Pg 24 0 R >> <> /Lang (EN-US) >> 1267 0 obj /Pg 23 0 R >> /Pg 17 0 R /Pg 16 0 R /P 6290 0 R >> /K 1212 endobj /K 1493 /Pg 25 0 R /K 1468 /S /P /Annots [4351 0 R 4352 0 R 4353 0 R 4354 0 R] >> /Pg 25 0 R 2565 0 obj /S /Artifact 2206 0 obj /Pg 24 0 R endobj /S /P /Pg 23 0 R >> >> /K 659 /P 5919 0 R 3913 0 obj /Pg 25 0 R /Pg 25 0 R << 1669 0 R null null null 1670 0 R null null null 1671 0 R null /K 1416 >> >> /Pg 25 0 R /K 686 >> endobj << /Lang (EN-US) /S /Artifact /Lang (EN-US) endobj /K 1375 /Lang (EN-US) Why is US unemployment falling even as interest rates are rising? 2202 0 obj 3383 0 obj endobj << << /Lang (EN-US) 229 0 obj /K 12 /K 1183 /K 18 3926 0 obj /K 61 /K 759 endobj /Pg 25 0 R >> >> 2051 0 obj /S /P /S /P 1635 0 obj /S /Artifact /K 1524 endobj /Lang (EN-US) << 2935 0 R null 2936 0 R null 2937 0 R null 2938 0 R null 2939 0 R null /K 22 >> /MediaBox [0 0 612 792] /K 1352 endobj /K 1466 >> /Pg 23 0 R 1021 0 obj >> /S /Artifact << null null null 1754 0 R null null null 1755 0 R null 1756 0 R /Pg 23 0 R /P 5373 0 R /Pg 22 0 R /S /P /Pg 23 0 R <> /P 4710 0 R /S /P /P 6673 0 R /K 28 /Lang (EN-US) 966 0 obj << endobj endobj << << /K 28 3625 0 obj 3399 0 obj 3825 0 obj /K 931 1235 0 obj << 190 0 obj endobj << endobj /Pg 25 0 R /S /P 2647 0 obj 3682 0 obj /S /P /S /P /Pg 24 0 R 4421 0 R 4422 0 R 4423 0 R 4424 0 R 4425 0 R 4426 0 R 4427 0 R 4428 0 R] /P 10 0 R /Pg 20 0 R /Lang (EN-US) /Lang (EN-US) /K 732 /Pg 22 0 R /Lang (EN-US) /Pg 23 0 R /K 15 <> /Lang (EN-US) /K 1225 << /K 1373 2064 0 obj /Lang (EN-US) /K 385 /K 803 >> 954 0 obj /K [189 4746 0 R] /K 272 >> /S /P /S /P endobj endobj << /S /Artifact /K 98 << /S /P 2240 0 obj /S /P /S /P /S /P /Pg 25 0 R /K 608 /K [73 74] 3308 0 obj /Pg 24 0 R >> /K 1370 << >> 649 0 obj /S /Artifact /S /P << /Lang (EN-US) 134 0 obj /K 851 >> /S /Artifact /K 113 1214 0 obj /P 4866 0 R /K 1284 << endobj >> null null null 2478 0 R null null null 2479 0 R null 2480 0 R << /Lang (EN-US) 2032 0 obj endobj /Pg 25 0 R endobj 427 0 obj << >> endobj endobj 2127 0 obj << /S /Artifact endobj /Lang (EN-US) /K 1309 << /S /Artifact /Pg 25 0 R >> /K 647 /S /Artifact /K 1541 /Pg 22 0 R /Lang (EN-US) /K 1445 /Pg 24 0 R endobj null 3718 0 R null 3719 0 R null 3720 0 R 3721 0 R null 3722 0 R null /Lang (EN-US) /K 194 /K 14 << >> >> << << 2159 0 obj /K 591 /Pg 22 0 R /Lang (EN-US) /K 761 endobj endobj /S /P /P 5420 0 R << /Pg 23 0 R /S /Artifact /S /P /S /P >> >> << << 2488 0 obj /Lang (EN-US) /Pg 23 0 R 3459 0 obj /Lang (EN-US) >> >> /K 1254 /K 271 /S /Artifact /P 5903 0 R /P 5503 0 R 2447 0 obj null 765 0 R null 766 0 R null 767 0 R null 768 0 R null 769 0 R 4197 0 obj /S /Artifact endobj >> 2010 0 obj << endobj endobj /K 1270 << 3521 0 obj 3674 0 obj /K 1416 /Pg 23 0 R /K 1318 /S /Artifact 1083 0 obj Sign in or Register Sign in / Register Database LP Search 236 0 obj /P 10 0 R /K 1519 1198 0 R 1199 0 R 1200 0 R 1201 0 R 1202 0 R 1203 0 R 1204 0 R 1205 0 R 1206 0 R 1207 0 R /K 718 >> << << /S /P endobj >> So we built one. /S /Artifact << /Lang (EN-US) /Lang (EN-US) /P 6649 0 R << >> 2290 0 obj /S /Artifact >> 1729 0 obj >> << /K 923 /Lang (EN-US) >> /S /LBody null 3431 0 R null 3432 0 R null null null 3433 0 R null null 609 0 obj >> /Pg 22 0 R endobj >> /S /P /K 794 /Pg 25 0 R endobj /Pg 23 0 R As of September 30, 2022. /K 1272 /S /P /P 5839 0 R << /S /Artifact 2571 0 obj /P 6065 0 R 3944 0 obj >> /Pg 22 0 R endobj /Lang (EN-US) /K 788 /Pg 23 0 R 3033 0 obj /Pg 23 0 R >> endobj /K 11 /S /Artifact /S /Artifact /Pg 25 0 R /S /P /K 144 endobj << /Lang (EN-US) >> << endobj /Pg 23 0 R /P 5550 0 R /P 5397 0 R endobj /S /P >> /S /P >> 624 0 obj endobj << /Lang (EN-US) 677 0 R null 678 0 R null 679 0 R null null null 680 0 R null /P 6162 0 R /Pg 24 0 R << /A 6764 0 R /Pg 22 0 R /P 4810 0 R endobj << /S /P /K 1441 1589 0 obj 2885 0 obj /Pg 23 0 R /S /P << /Lang (EN-US) /P 6521 0 R >> /Lang (EN-US) /Pg 16 0 R /Pg 23 0 R /S /P /S /P >> /P 6259 0 R >> endobj endobj << endobj /Pg 25 0 R /Pg 18 0 R endobj /K 51 endobj /P 6352 0 R << /Lang (EN-US) /K 984 << << 3887 0 obj /MediaBox [0 0 612 792] >> /S /P endobj Here's my overview of the Corporate Transparency Act, a new federal law that will require most private U.S. companies to report to the U.S. Treasury the names 3394 0 R 3395 0 R 3396 0 R 3397 0 R 3398 0 R 3399 0 R 3400 0 R 3401 0 R 3402 0 R 3403 0 R 3858 0 obj /S /P 876 0 obj 1521 0 obj >> >> >> >> endobj 1 The Cliffwater Direct Lending Index (the "CDLI") seeks to measure the unlevered, gross of fees performance of U.S. middle mar ket corporate loans, as represented by the underlying assets of Business Development Companies ("BDCs"), including both exchange-traded and unlisted BDCs, subject to certain eligibility requirements. >> /S /P endobj /K 961 /S /Artifact 338 0 obj /P 4691 0 R 2260 0 obj << /Lang (EN-US) /S /Artifact /P 5671 0 R >> /Pg 22 0 R 3536 0 obj /S /Artifact >> /P 6718 0 R /K 869 endobj /S /Artifact /Lang (EN-US) endobj >> << /K 29 /Lang (EN-US) endobj << << /Lang (EN-US) /K 541 /S /P 1482 0 obj endobj >> >> 2863 0 obj << /S /Artifact /Lang (EN-US) >> endobj /Lang (EN-US) /Lang (EN-US) >> /P 10 0 R /S /Artifact /S /P /K 1286 endobj /S /P 2839 0 obj /K 107 1952 0 obj endobj endobj endobj /Lang (EN-US) endobj /Pg 13 0 R /K 1320 /S /Artifact << /K 556 /P 5038 0 R 552 0 obj /K 1471 /S /Artifact << endobj /P 6409 0 R /P 5221 0 R /P 5717 0 R endobj /P 10 0 R /S /Artifact /S /Artifact endobj >> /Lang (EN-US) /Pg 24 0 R endobj /S /Artifact endobj /Lang (EN-US) /Lang (EN-US) /K 506 /K 391 << << /S /Artifact 3970 0 obj /Lang (EN-US) /K 55 1807 0 obj /Lang (EN-US) endobj 3175 0 obj /Pg 25 0 R endobj /Lang (EN-US) /P 4914 0 R /Pg 23 0 R << /S /Artifact /Pg 23 0 R >> << /K 230 1901 0 obj >> /Lang (EN-US) 590 0 obj << >> /Pg 24 0 R /P 6753 0 R >> /Lang (EN-US) /S /P /P 5888 0 R >> >> >> /K 1425 2986 0 obj /S /P 2637 0 obj /S /P <> /Lang (EN-US) 1877 0 R null 1878 0 R null null null 1879 0 R null null null << /S /P /Lang (EN-US) /K 1260 <> /Pg 22 0 R /S /Table /Pg 24 0 R 3059 0 obj >> >> endobj /P 33 0 R /ParentTreeNextKey 31 /Pg 23 0 R /Lang (EN-US) /S /P 3772 0 obj /Pg 22 0 R endobj /P 6631 0 R /P 4797 0 R /S /P 4218 0 obj >> >> 2014 0 obj >> /K 12 <> /K 1109 2182 0 obj /K 21 << endobj /Pg 22 0 R /S /P <> endobj /Lang (EN-US) << /Pg 24 0 R /K 1101 << << << /S /Artifact /Lang (EN-US) /Pg 23 0 R >> /K 496 << /Pg 16 0 R /Pg 25 0 R endobj endobj /Pg 24 0 R /P 6338 0 R /K 1441 endobj << << >> endobj /K 333 /S /Artifact >> 4150 0 obj endobj << /S /Artifact /S /P << 3844 0 obj 4248 0 obj endobj >> endobj /S /P /P 5455 0 R /P 4912 0 R /S /P Add To Watchlist. 3111 0 obj /Pg 22 0 R << 406 0 obj /S /Artifact /A 4409 0 R /K 1186 /K 1102 521 0 obj endobj endobj endobj /Lang (EN-US) 1327 0 R 1328 0 R 1329 0 R 1330 0 R 1331 0 R 1331 0 R 1332 0 R 1333 0 R 1334 0 R 1335 0 R >> /S /Artifact /K 499 endobj /K 972 /Pg 25 0 R null 2780 0 R null 2781 0 R null 2782 0 R null 2783 0 R null null /K [4440 0 R 4441 0 R 4442 0 R 4443 0 R 4444 0 R 4445 0 R 4446 0 R 4447 0 R] /S /Artifact << /Pg 23 0 R 2106 0 R 2107 0 R 2108 0 R 2109 0 R 2110 0 R 2111 0 R 2112 0 R 2113 0 R 2114 0 R 2115 0 R endobj << /S /Artifact Steve Nesbitt, Cliffwater's chief executive, told PDI he recommends his institutional clients invest about 5-10 percent of their portfolios in direct lending strategies. /K 327 /Pg 24 0 R /Lang (EN-US) << /S /P << /Pg 25 0 R /Lang (EN-US) /P 6109 0 R endobj /S /P /S /P /S /Artifact /Pg 25 0 R /S /P /Pg 22 0 R endobj /S /P /Lang (EN-US) endobj /S /P /Pg 20 0 R >> << /Pg 24 0 R /S /P 3250 0 obj << 1317 0 obj /P 5689 0 R >> /S /Artifact /K 1320 /P 6105 0 R /S /P endobj /P 5594 0 R >> 2393 0 R 2394 0 R 2395 0 R 2396 0 R 2397 0 R 2398 0 R 2399 0 R 2400 0 R 2401 0 R 2402 0 R >> >> /Pg 23 0 R /K 1139 Live from New York and Hong Kong,. /S /P >> /S /P >> << /Lang (EN-US) /S /P /S /P /Pg 24 0 R /K 1327 endobj /P 5675 0 R /Lang (EN-US) << /Pg 23 0 R endobj 643 0 obj << 1997 0 obj /K 1152 /S /Artifact << /Lang (EN-US) 4334 0 obj /S /Artifact /K 1094 3895 0 obj endobj >> 782 0 obj /S /P /K 1444 /S /P endobj 3662 0 obj /K 578 /S /P endobj endobj >> /K 1434 /P 6675 0 R /K 468 /K 1281 1914 0 obj /K 55 >> endobj /S /P >> /S /Artifact /P 5799 0 R 992 0 obj << >> /K 42 2478 0 obj /P 5996 0 R >> << 1178 0 obj /Resources 4356 0 R >> /K 133 /K 1522 << << << << /K 629 /Pg 22 0 R endobj 3353 0 obj endobj 2155 0 obj /Pg 18 0 R /K 59 >> << endobj /K 148 787 0 obj << /K 1421 1153 0 obj /Lang (EN-US) /Pg 24 0 R 4172 0 obj /S /Artifact endobj /S /Figure endobj << /Lang (EN-US) /P 6514 0 R /K 1514 /S /Artifact /Pg 22 0 R /Pg 24 0 R /Pg 24 0 R >> >> /S /Artifact /Lang (EN-US) /K 25 /S /Artifact /K 22 3041 0 obj /S /P endobj /S /Artifact /K 36 /S /Figure << >> endobj 3436 0 obj /P 4709 0 R /K 1131 /Pg 24 0 R /Lang (EN-US) endobj /Pg 23 0 R /S /P /Lang (EN-US) >> /S /Artifact /Pg 23 0 R /K 1417 /S /P /P 73 0 R endobj /S /P 613 0 obj 316 0 obj << /Pg 25 0 R /K 164 << 1002 0 obj /K 1440 >> >> /S /P /K 127 /K 1408 << /Lang (EN-US) << /S /P << /Pg 25 0 R /K 1021 /S /Artifact << /Pg 23 0 R >> /K 894 4144 0 obj /S /Artifact >> << /K 608 /S /P << /S /Artifact 1620 0 R null 1621 0 R null null null 1622 0 R null null null >> /S /Artifact endobj >> >> /Pg 22 0 R /K 1067 >> /Lang (EN-US) << /Pg 22 0 R /K 664 endobj endobj 1919 0 obj endobj /S /P /S /P /K 886 /K 896 /Lang (EN-US) /S /Artifact /Pg 25 0 R endobj /P 4867 0 R << endobj >> endobj endobj << /S /Artifact >> >> /S /Artifact endobj /K 1216 /P 4742 0 R /S /Artifact /P 6225 0 R >> /P 6349 0 R /Pg 26 0 R << >> /P 4774 0 R /Pg 25 0 R /K 391 1793 0 obj >> 3850 0 obj >> >> >> /Pg 25 0 R /Pg 22 0 R 3639 0 obj /S /Artifact 772 0 obj /P 6654 0 R /S /P << /Lang (EN-US) 2219 0 obj << endobj /Lang (EN-US) /P 6241 0 R /K 971 /P 6731 0 R << 1769 0 obj /K 599 /S /Artifact 2558 0 obj >> << endobj >> >> << /S /Artifact /S /Artifact << /K 819 << 248 0 obj /Pg 24 0 R endobj /Pg 24 0 R >> << << >> /S /Artifact endobj /K 1427 /K 1531 <> /Pg 22 0 R /S /P >> /K 580 /Lang (EN-US) << /Lang (EN-US) /S /P >> /Pg 25 0 R << endobj >> 2972 0 obj /S /P /Pg 23 0 R 3352 0 obj 3264 0 obj /K 316 << endobj /K 1334 /Pg 20 0 R /P 6493 0 R 1966 0 obj /S /Artifact /K 483 endobj << endobj /S /Artifact << /Pg 25 0 R endobj /S /P /P 6067 0 R /S /Artifact endobj /K 831 /S /Artifact >> 1848 0 obj 970 0 obj /Pg 25 0 R endobj /Pg 20 0 R /P 5467 0 R /S /P 101 0 obj /S /Artifact /Pg 24 0 R /P 6594 0 R 2175 0 obj endobj endobj /Pg 24 0 R /K 514 << /K 1 /S /Artifact << 2220 0 obj >> /Pg 22 0 R 137 0 R 138 0 R 139 0 R 140 0 R 141 0 R 142 0 R 143 0 R 144 0 R 145 0 R 146 0 R << /S /P /Lang (EN-US) endobj endobj /S /Artifact /P 5052 0 R 755 0 obj endobj << endobj /S /P >> /P 10 0 R /Pg 23 0 R >> null null null 1094 0 R null 1095 0 R null 1096 0 R null 1097 0 R /Lang (EN-US) /S /P /Pg 21 0 R >> 1661 0 obj /S /P /P 6377 0 R /Pg 23 0 R /Pg 23 0 R 3327 0 obj /P 5063 0 R 1455 0 obj endobj /Pg 22 0 R endobj /S /P /P 4712 0 R /S /Artifact /S /P endobj null 1823 0 R null 1824 0 R null 1825 0 R 1826 0 R null 1827 0 R null << /Pg 24 0 R /Lang (EN-US) /Pg 24 0 R endobj /Pg 22 0 R /S /Artifact /S /Artifact << >> /Lang (EN-US) 3007 0 obj /K 624 >> /Lang (EN-US) /P 6491 0 R endobj endobj 1789 0 obj 3589 0 obj 538 0 R null null null null null 539 0 R null 195 0 R 540 0 R /Pg 23 0 R /Lang (EN-US) /K 1349 /Lang (EN-US) /S /Artifact /K 549 /K 360 endobj 2367 0 obj /P 6613 0 R <> /S /Figure /Pg 23 0 R 77 0 R 79 0 R 80 0 R null null null null 419 0 R 73 0 R 51 0 R 2264 0 R 2265 0 R 2265 0 R 2266 0 R 2267 0 R 2268 0 R 2269 0 R 2270 0 R 2271 0 R 2272 0 R /K 1443 2316 0 obj /K 736 >> /Pg 24 0 R /P 5208 0 R /K 1203 /S /P /S /Artifact /Lang (EN-US) /K 450 >> endobj /Pg 22 0 R /K 990 379 0 obj /P 4402 0 R /Pg 23 0 R /S /P >> /Pg 24 0 R /Lang (EN-US) 1347 0 obj /K 1185 1461 0 obj /StructParent 1 /Pg 22 0 R /Pg 15 0 R /K 910 /Pg 24 0 R Access to this resource is limited to existing Cliffwater clients and qualified prospects for our Funds, By clicking "Login", I accept Terms of Use, If you are an RIA, institutional investors, or other prospect for Funds, please contact us to gain access, By clicking "Accept", I accept Terms of Use, For more information to login, call (310) 448-5000 or email info@cliffwater.com, {{CDLI.indexValue}}Index Value ({{CDLI.indexDate}}), {{CDLI.assetFairValue}}BAssets (Fair Value), {{CDLI_S.indexValue}}Index Value ({{CDLI_S.indexDate}}), {{CDLI_S.assetFairValue}}BAssets (Fair Value), {{CDLI_V.indexValue}}Index Value ({{CDLI_V.indexDate}}), {{CDLI_V.assetFairValue}}BAssets (Fair Value), {{CWBDC.indexValue}} Index Value ({{CWBDC.indexDate}}), {{CWBDC.numberofCompanies}}Number of Companies, {{CWBDC.marketCapitalization}}BMarket Capitalization, {{CWBDC.navPremium}}%NAV Premium/Discount. /Pg 18 0 R << /Lang (EN-US) endobj /S /P null 3480 0 R null null null 3481 0 R null null null 3482 0 R /S /Artifact /Lang (EN-US) 2236 0 obj endobj >> << /K 891 /Pg 25 0 R /Pg 25 0 R /Pg 25 0 R >> /Pg 25 0 R endobj endobj /S /P /Lang (EN-US) << /P 6049 0 R /Pg 23 0 R /S /Artifact /K 1172 /K 1162 /Pg 22 0 R /Lang (EN-US) /Pg 25 0 R 176 0 obj 4231 0 obj /P 6524 0 R endobj endobj << /Lang (EN-US) 1339 0 obj << 4146 0 obj 3807 0 obj 3374 0 R 3375 0 R 3376 0 R 3377 0 R 3378 0 R 3379 0 R 3380 0 R 3381 0 R 3382 0 R 3383 0 R /Pg 25 0 R /Pg 18 0 R endobj /S /Artifact /Lang (EN-US) /A 4747 0 R >> 3479 0 obj /S /P /P 5729 0 R /Pg 18 0 R endobj /Pg 13 0 R 1808 0 obj /Lang (EN-US) >> endobj /K 879 1209 0 obj endobj << 2143 0 obj /K 1467 /K 1488 >> >> /Lang (EN-US) /S /P /P 5886 0 R /S /Artifact >> /K 614 Cliffwater Direct Lending Index is an asset-weighted index of over 8,000 directly originated middle market loans totaling $223 billion. 25 444 0 R 26 445 0 R 27 446 0 R 28 540 0 R 29 541 0 R /S /P /Lang (EN-US) /P 10 0 R /Lang (EN-US) endobj << >> 51 0 obj /S /P endobj /P 5045 0 R /Pg 20 0 R /K 216 /K 1173 << endobj /Lang (EN-US) /K 503 /Lang (EN-US) /S /Artifact /S /Artifact /Pg 23 0 R /Pg 13 0 R null null 704 0 R null null null 705 0 R null 706 0 R null /S /Artifact <> 3332 0 obj /Pg 23 0 R 448 0 obj endobj /S /P /S /Artifact /S /P >> /K 716 /K 1415 /K 1209 /K 105 /K 1478 >> << 3713 0 obj endobj >> null null null 1731 0 R null 1732 0 R null 1733 0 R null 1734 0 R /P 4644 0 R >> >> /S /Artifact /S /P 2846 0 obj /S /Artifact /P 6573 0 R endobj /P 5282 0 R endobj /P 5924 0 R 1110 0 R 1111 0 R 1111 0 R 1112 0 R 1113 0 R 1114 0 R 1115 0 R 1116 0 R 1116 0 R 1117 0 R >> << /Lang (EN-US) /S /Artifact /MarkInfo 2 0 R /K 1159 2910 0 obj >> /K 276 >> >> 1435 0 R 1436 0 R 1437 0 R 1438 0 R 1439 0 R 1440 0 R 1441 0 R 1442 0 R 1443 0 R 1444 0 R endobj /Lang (EN-US) /Lang (EN-US) 499 0 obj >> /Lang (EN-US) /S /P >> /Lang (EN-US) /Lang (EN-US) /Lang (EN-US) /K 1268 /K 76 /K [4546 0 R 4547 0 R 4548 0 R 4549 0 R 4550 0 R 4551 0 R 4552 0 R 4553 0 R 4554 0 R 4555 0 R /Pg 23 0 R /Lang (EN-US) endobj /K 1326 endobj /Pg 24 0 R /K 1168 >> 2001 0 obj /P 5312 0 R /K 138 /S /Artifact /P 5340 0 R << /S /Figure endobj /K 611 /Type /Page endobj /Lang (EN-US) /S /P 4331 0 obj /K 1333 /Pg 22 0 R 3499 0 obj /S /P /P 6229 0 R endobj /Pg 25 0 R >> /K 1388 /Pg 22 0 R /K 1171 /Pg 25 0 R endobj 3975 0 obj /S /P /Lang (EN-US) /S /Artifact >> >> 2662 0 obj << << /S /Artifact /K 962 /P 6734 0 R >> endobj endobj 2654 0 obj /Lang (EN-US) 2767 0 obj >> /S /P /Pg 25 0 R >> << >> << << /S /P endobj endobj /K 57 /P 6096 0 R /K 911 /S /P 117 0 obj 2969 0 R 2970 0 R 2970 0 R 2971 0 R 2972 0 R 2973 0 R 2974 0 R 2975 0 R 2975 0 R 2976 0 R null 2481 0 R null 2482 0 R null 2483 0 R null 2484 0 R 2485 0 R null /P 4956 0 R /K 1128 /S /Artifact /Lang (EN-US) /P 6717 0 R /S /Artifact /Lang (EN-US) endobj 623 0 obj endobj /K 1534 /S /Artifact << /P 5999 0 R endobj /S /P /K 1509 /P 6390 0 R /K [1340 1341] endobj 3584 0 obj /S /Artifact /Pg 22 0 R << /Lang (EN-US) 4295 0 obj /P 5780 0 R endobj << 3848 0 obj /S /P << /Lang (EN-US) /S /P /K 158 /S /Artifact 1118 0 R 1119 0 R 1120 0 R 1121 0 R 1122 0 R 1123 0 R 1124 0 R 1125 0 R 1126 0 R 1127 0 R endobj /S /P /P 6077 0 R /Pg 25 0 R << << >> 3554 0 obj endobj << /Pg 23 0 R 3927 0 obj >> << /S /P endobj endobj /K 10 >> /Pg 25 0 R /S /Artifact /K 769 /K 104 endobj /Pg 23 0 R >> endobj /Pg 23 0 R /P 4880 0 R /P 5527 0 R << endobj << /S /P >> /Lang (EN-US) << /S /P /Pg 25 0 R endobj <> /K [439 0 R 440 0 R] endobj null 2673 0 R null 2674 0 R null 2675 0 R null 2676 0 R null 2677 0 R 58 0 obj 4284 0 obj endobj /K [4462 0 R 4463 0 R 4464 0 R 4465 0 R 4466 0 R 4467 0 R 4468 0 R 4469 0 R 4470 0 R 4471 0 R /Lang (EN-US) 1116 0 obj <> endobj endobj 2530 0 obj /Pg 15 0 R << 825 0 obj /P 6199 0 R >> /K 1187 /P 5237 0 R /P 10 0 R /Pg 24 0 R endobj << /Pg 25 0 R << endobj << endobj endobj /K 97 <> >> endobj /Pg 22 0 R 729 0 obj /Pg 25 0 R >> /S /Artifact /Lang (EN-US) 4087 0 R 4088 0 R 4089 0 R 4090 0 R 4091 0 R 4092 0 R 4093 0 R 4094 0 R 4095 0 R 4096 0 R /Pg 23 0 R /Lang (EN-US) >> /P 10 0 R /K 1210 /K 799 3049 0 obj /Lang (EN-US) << endobj 2575 0 obj << /Pg 24 0 R /P 5990 0 R /P 5731 0 R /P 10 0 R /Pg 24 0 R /S /P << V4$)Nj2#(Q)b{+M~j$SB?B4dfnX. /P 5896 0 R 3856 0 obj endobj /P 5935 0 R /P 6374 0 R << /K 418 0 R 4093 0 obj >> /P 5171 0 R << 3091 0 obj /K 378 endobj /Pg 22 0 R /P 5495 0 R /S /Artifact 1583 0 obj /S /Artifact /Pg 22 0 R >> >> /Lang (EN-US) <> /S /Artifact >> /Pg 25 0 R /K 1306 << 2327 0 obj >> /Pg 25 0 R /Pg 18 0 R /S /Artifact