Driven by integrity, innovation, and
our passion to continuously advance
the alternatives landscape.
With {{ valuesSection.assets }}1 total assets under management and advisement,
Cliffwater's footprint expands across markets
Cliffwater's footprint expands across markets
Since 2004, Cliffwater has been a leader in alternatives.
Through our proprietary research, continued innovation, and valued reputation, we continue to lead and evolve how institutions and individual investors alike understand and access opportunities in private markets.
We believe a repeatable process and consistent team collaboration lead to better investment outcomes across market conditions.
Key Milestones
2004
Cliffwater is founded to help investors achieve their long-term objectives through alternatives
2005
Cliffwater makes its initial private equity investment
2006
Cliffwater makes its initial private real estate and private debt investments
2015
Cliffwater Direct Lending Index (CDLI) becomes the first published direct lending index and is currently the widely accepted direct lending benchmark
2017
The Journal of Alternative Investments publishes "The Investment Opportunity in U.S. Middle Market Direct Lending" by Stephen Nesbitt
2019
Wiley publishes Private Debt: Opportunities in Corporate Direct Lending by Stephen Nesbitt, which has become an essential resource to understanding the asset class
2019
Cliffwater launches the Cliffwater Corporate Lending Fund (CCLFX), now the largest interval fund, to enhance access to private debt
2021
Cliffwater launches the Cliffwater Enhanced Lending Fund (CELFX) to provide access to the full diverse private debt spectrum
2023
Wiley publishes Private Debt: Yield, Safety and the Emergence of Alternative Lending by Stephen Nesbitt
2024
Cliffwater becomes the investment adviser of Cascade Private Capital Fund (CPEFX) and restructures it as the first daily NAV, ticker symbol executed, comprehensive private capital interval fund 2
2024
Cliffwater is recognized by Private Debt Investor as LP/Investor of the Year, Americas 3
Cliffwater is proud to be recognized as LP/Investor of the Year, Americas by Private Debt Investor (PDI).
Through its two private debt SEC-registered interval funds [Cliffwater Corporate Lending Fund & Cliffwater Enhanced Lending Fund], Cliffwater invested $7 billion (excluding unfunded commitments) for the 12 months to 31 October 2023. The new invested capital was deployed through lender (GP) primary funds, secondaries, separately managed accounts, private BDCs and co-investments. Cliffwater’s total capital base (including borrowings) across the funds exceeded $20 billion. Capital providers include high-net-worth individuals, insurance companies, pensions, endowments and SWFs3 .
Contact Us
Stay in touch to learn more about Cliffwater and our work.
{{footnotes.footnotes1}}
{{footnotes.footnotes2}}
{{footnotes.footnotes3}}