cliffwater direct lending index

>> >> /Pg 18 0 R /K 67 << /S /P null null 1575 0 R null 1576 0 R null 1577 0 R null 1578 0 R null null 2629 0 R 2630 0 R null 2631 0 R null 2632 0 R null 2633 0 R null 1846 0 obj /K 1289 /P 4884 0 R << /Pg 23 0 R /K 9 3391 0 obj /S /Artifact /P 6510 0 R >> /K 452 /Lang (EN-US) /S /P >> << /Lang (EN-US) >> /K 1142 /Pg 24 0 R /S /P /Lang (EN-US) endobj /K 1348 2558 0 R null 2559 0 R null 2560 0 R null 2561 0 R null 2562 0 R null /Pg 24 0 R /Pg 22 0 R /K 6 /Pg 23 0 R /S /Artifact << 3573 0 obj << /Lang (EN-US) endobj << /K 1247 /Pg 25 0 R endobj Cliffwater Funds: An authority on Private Debt CCLFX CELFX /Lang (EN-US) >> /Lang (EN-US) 1573 0 obj /Pg 22 0 R endobj /S /P /K 923 << endobj endobj 2044 0 obj /P 5113 0 R endobj /Pg 15 0 R 1792 0 R null null 1793 0 R null null null 1794 0 R null null /K 453 >> >> << >> /P 5881 0 R endobj /Pg 23 0 R /K 289 << endobj /Pg 24 0 R endobj endobj 3124 0 obj << endobj /K 1392 << 2970 0 obj endobj /Pg 22 0 R >> /P 10 0 R /Pg 22 0 R /P 5627 0 R endobj /S /Artifact >> 3811 0 obj /K 1451 2596 0 obj null 3453 0 R null 3454 0 R null 3455 0 R null 3456 0 R null null /P 5132 0 R /Lang (EN-US) << endobj << /S /Artifact /Pg 25 0 R 1526 0 obj null 2643 0 R null 2644 0 R null 2645 0 R null 2646 0 R null null /S /Artifact /K 102 /S /P << << << << endobj /S /Artifact /Producer (Adobe PDF Library 22.1.149) << /K 464 664 0 obj 1647 0 obj endobj /Lang (EN-US) endobj /S /Artifact endobj << /Pg 17 0 R /K 481 endobj 3560 0 obj 80 0 obj >> >> >> endobj /Pg 19 0 R /K 1201 /Pg 23 0 R << 1907 0 obj 1557 0 obj endobj endobj >> /S /P 2809 0 obj 3750 0 obj /Pg 24 0 R /S /Artifact /Pg 23 0 R /Pg 25 0 R /K 395 << << /S /P << /S /P 3307 0 obj << >> /P 10 0 R 3214 0 obj /K 40 << 1100 0 obj /Pg 22 0 R endobj << << 1600 0 obj /S /P /P 5838 0 R >> >> /Lang (EN-US) /K 577 /Lang (EN-US) /Pg 24 0 R /S /P /Pg 25 0 R /K 139 endobj /S /P << << >> /K 695 /Lang (EN-US) << /Pg 22 0 R /K [1117 1118] /Pg 25 0 R /Pg 23 0 R /P 5878 0 R /Lang (EN-US) /Pg 24 0 R << << >> /Lang (EN-US) /Lang (EN-US) /Pg 23 0 R >> null 3737 0 R null null null 3738 0 R null null null 3739 0 R /S /P /Lang (EN-US) /K 1457 << >> << /S /P /Pg 23 0 R 1002 0 obj /Pg 23 0 R 644 0 obj >> >> endobj >> endobj /S /Artifact /Pg 22 0 R << << >> 3145 0 obj /S /P << << /K 1157 >> /K 266 /S /P /S /P >> /Lang (EN-US) /CropBox [0 0 612 792] /K 992 /P 4817 0 R /Pg 23 0 R 2843 0 obj endobj << 4299 0 obj endobj /S /Artifact endobj /S /Artifact endobj << 1093 0 obj << /S /Artifact >> 1826 0 obj /S /Artifact /K [536 0 R 537 0 R] << 3780 0 R 3781 0 R null 3782 0 R null 3783 0 R null 3784 0 R null 3785 0 R << /K 1525 /P 5621 0 R /Pg 24 0 R 2370 0 obj /Lang (EN-US) /K 1192 /S /P << << >> /Pg 22 0 R /Pg 22 0 R << /Pg 18 0 R endobj endobj /K 63 endobj /Pg 23 0 R 1688 0 obj 545 0 obj << /S /Artifact /S /P >> << endobj >> /Lang (EN-US) << >> << >> /Lang (EN-US) >> >> /S /Artifact 4164 0 R 4165 0 R 4166 0 R 4167 0 R 4168 0 R 4169 0 R 4170 0 R 4171 0 R 4172 0 R 4173 0 R << << >> 1778 0 obj /Lang (EN-US) /K 870 2051 0 obj << /Pg 24 0 R 654 0 obj /S /P 92 0 obj /Pg 25 0 R /Pg 24 0 R 2862 0 obj >> /Pg 22 0 R << >> /K 574 endobj /Lang (EN-US) >> 2126 0 R 2127 0 R 2128 0 R 2129 0 R 2130 0 R 2131 0 R 2132 0 R 2133 0 R 2134 0 R 2135 0 R 1956 0 R null 1957 0 R 1958 0 R null 1959 0 R null 1960 0 R null 1961 0 R /Lang (EN-US) endobj >> /S /Artifact /Lang (EN-US) endobj 3447 0 R null 3448 0 R null 3449 0 R null 3450 0 R null 3451 0 R 3452 0 R endobj /S /Artifact /P 5899 0 R >> 2976 0 obj 3169 0 obj 3824 0 R null 3825 0 R null 3826 0 R null 3827 0 R null 3828 0 R 3829 0 R /S /Artifact /P 5595 0 R endobj endobj 3960 0 obj /S /P /Pg 23 0 R << >> /P 5635 0 R << null 1984 0 R null 1985 0 R null 1986 0 R null null null 1987 0 R 1475 0 obj /K 101 endobj /S /P null null 801 0 R null 802 0 R null 803 0 R null 804 0 R null /K 1513 endobj >> /Lang (EN-US) /S /P >> /Pg 23 0 R >> endobj /K 540 1572 0 obj << /Pg 22 0 R /Lang (EN-US) << << << /S /P /Lang (EN-US) /K 457 /K 1508 /Pg 25 0 R >> /Lang (EN-US) endobj /Pg 22 0 R endobj /K 1424 /Pg 18 0 R << << /Lang (EN-US) 3055 0 obj /P 6504 0 R /K 1275 3173 0 obj endobj /Pg 23 0 R /P 10 0 R endobj /Pg 25 0 R endobj /P 10 0 R /Pg 22 0 R /Lang (EN-US) 2982 0 obj <> /S /Artifact endobj << >> /P 6416 0 R /S /P 2177 0 obj endobj 1180 0 obj /K 787 1369 0 obj /K 1184 >> >> << 133 0 R] endobj /Lang (EN-US) >> << << /Pg 23 0 R 4170 0 obj >> endobj /K 1421 endobj endobj endobj << 222 0 obj >> /S /Artifact /Lang (EN-US) >> /S /Artifact 3562 0 obj << /Lang (EN-US) 1624 0 obj << << /Pg 25 0 R >> /K 682 /Pg 25 0 R /K 733 /Pg 22 0 R /K 302 /Pg 25 0 R endobj /P 6062 0 R endobj >> /K 1137 >> /Lang (EN-US) endobj 2455 0 obj /Pg 24 0 R << >> >> 244 0 obj << Why Private Credit? - Stellus Capital Management, LLC /S /P /S /P /S /P /P 5409 0 R << /P 4401 0 R /S /P << /K 46 endobj /K 1062 1148 0 R 1149 0 R 1150 0 R 1151 0 R 1152 0 R 1153 0 R 1154 0 R 1155 0 R 1156 0 R 1157 0 R endobj endobj null null null 1754 0 R null null null 1755 0 R null 1756 0 R << /K 1376 /S /Artifact /K 23 /Pg 25 0 R /S /Artifact << /Pg 25 0 R << << /Lang (EN-US) /K 1192 >> /Pg 25 0 R << >> <> << /K 635 /Pg 22 0 R /Lang (EN-US) << 2219 0 obj << /S /P <> /Pg 22 0 R /Pg 22 0 R >> endobj /S /Artifact << endobj 3596 0 obj endobj /Pg 25 0 R endobj /K 1244 endobj /Lang (EN-US) /K 1188 2514 0 R null null null 2515 0 R null null null 2516 0 R null endobj /K 1019 /Pg 23 0 R /Pg 25 0 R /Pg 24 0 R /P 6570 0 R /K 1244 endobj /Lang (EN-US) endobj << /S /P /S /P /Pg 22 0 R null 2531 0 R null 2532 0 R null 2533 0 R 2534 0 R null 2535 0 R null /Lang (EN-US) /Lang (EN-US) /S /P 1579 0 R null 1580 0 R 1581 0 R null 1582 0 R null 1583 0 R null 1584 0 R endobj 188 0 obj 215 0 obj /S /Artifact /S /P /Pg 24 0 R /Pg 23 0 R /Pg 23 0 R /P 6115 0 R endobj endobj /K 1495 /Pg 25 0 R /Lang (EN-US) 1541 0 obj endobj /S /Artifact 3700 0 obj 3165 0 obj receive by clicking each checkbox Cliffwater Research Cliffwater Webcast Invitation Cliffwater Daily Capital Markets Cliffwater Daily BDC Analysis save preferences Indices You can't define an asset class or take it seriously without an index. 2908 0 obj 969 0 obj /K 35 << /Lang (EN-US) This index captures both mark-to-market volatility (based on quarterly loan valuation changes) as well /Pg 23 0 R 2507 0 obj /P 10 0 R /Pg 23 0 R 2693 0 obj << /Pg 25 0 R /Lang (EN-US) /Pg 13 0 R endobj 4078 0 obj 3043 0 obj /S /P >> endobj /K 922 /S /Artifact /Pg 25 0 R /P 6192 0 R /Pg 20 0 R >> 1860 0 obj /Kids [13 0 R 14 0 R 15 0 R 16 0 R 17 0 R] /S /P /P 5479 0 R >> /Lang (EN-US) << >> /Pg 22 0 R << 1567 0 obj null 3439 0 R 3440 0 R null 3441 0 R null 3442 0 R null 3443 0 R null << endobj /S /Artifact /S /P 2530 0 obj >> 1496 0 obj 818 0 obj >> 3304 0 obj /Pg 23 0 R >> /Pg 23 0 R 1856 0 obj 445 0 obj Consistent floating-rate income with low volatility - Cliffwater launched CCLFX as an opportunity to track the Cliffwater Direct Lending Index (CDLI) << /Lang (EN-US) endobj /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 20 0 R /P 4989 0 R /Lang (EN-US) /Pg 22 0 R /P 4942 0 R << << /S /Artifact /P 5358 0 R /Pg 24 0 R << << /K 391 endobj /P 5460 0 R 3658 0 obj /P 5847 0 R << >> /S /Artifact 2688 0 obj << << 3128 0 obj /P 6698 0 R 3564 0 R null null null 3565 0 R null null null 3566 0 R null >> 3992 0 obj 3419 0 obj /P 6288 0 R /S /Artifact endobj 954 0 obj 4421 0 R 4422 0 R 4423 0 R 4424 0 R 4425 0 R 4426 0 R 4427 0 R 4428 0 R] /S /Artifact endobj /Lang (EN-US) /S /P << << /K 499 /Lang (EN-US) /P 5510 0 R /Pg 20 0 R 3370 0 obj >> /Lang (EN-US) >> >> endobj 2166 0 obj << endobj 4020 0 obj << >> /S /Artifact 3207 0 obj 4124 0 obj >> /S /P 126 0 obj 3276 0 obj /S /Artifact /S /P >> /Lang (EN-US) /Lang (EN-US) << >> /Pg 25 0 R /Pg 23 0 R /K 87 >> /K 675 /P 5507 0 R << /S /Artifact /P 10 0 R >> /Lang (EN-US) << 303 0 obj >> /Lang (EN-US) /P 4405 0 R /Pg 25 0 R /K 209 /Lang (EN-US) /Lang (EN-US) /Pg 22 0 R endobj << /S /Artifact << 1167 0 obj /P 6272 0 R /K 1326 /S /P /Subscript /Span << endobj <> /S /P /S /Table /P 5587 0 R /S /Figure /S /Artifact /S /P /S /Artifact /P 6096 0 R /S /Artifact endobj >> The CDLI. 2193 0 obj >> /P 4639 0 R /P 33 0 R /Lang (EN-US) 3273 0 obj >> /S /P /K 1197 /K 163 endobj endobj << 3107 0 R 3108 0 R 3109 0 R 3110 0 R 3111 0 R 3112 0 R 3113 0 R 3114 0 R 3115 0 R 3116 0 R endobj 1807 0 obj << << /Pg 25 0 R /Lang (EN-US) /Pg 24 0 R << endobj >> >> /Pg 22 0 R /K 1366 endobj /Lang (EN-US) /S /P /S /Artifact /P 6722 0 R 1120 0 obj 2692 0 obj << 1490 0 obj 3461 0 obj /K 828 /Lang (EN-US) << null 536 0 R null 537 0 R null 186 0 R 187 0 R 188 0 R 189 0 R 190 0 R <> 935 0 obj /K 410 1695 0 obj endobj /S /P >> /K 845 >> /P 5127 0 R /K 1292 /K 271 << >> /Pg 24 0 R 3354 0 obj << /S /Artifact /Pg 25 0 R 2301 0 obj << << /Lang (EN-US) >> 267 0 obj /Lang (EN-US) 1461 0 obj /S /Artifact /S /P >> >> /S /P endobj /S /P /S /Artifact /Pg 25 0 R >> /Lang (EN-US) /K 934 /S /LBody /P 4757 0 R /S /Artifact /K 268 << /Pg 18 0 R /S /Artifact /P 5040 0 R >> /Type /Pages /S /P /Lang (EN-US) 1068 0 obj /P 10 0 R /K 695 /Pg 24 0 R 3411 0 obj >> /K 324 /K 1358 931 0 obj /K 202 580 0 obj /Pg 24 0 R << /S /P 1113 0 obj /Pg 24 0 R /Tabs /S /Pg 24 0 R << /S /P << << /K 1381 /Lang (EN-US) /S /Artifact >> endobj << /S /Artifact /K 65 /K 1149 /Pg 18 0 R /Pg 25 0 R 1010 0 obj /Lang (EN-US) /Lang (EN-US) >> 334 0 obj >> /S /Artifact << /P 10 0 R 4030 0 obj /Lang (EN-US) /P 6040 0 R /S /P /Lang (EN-US) << null 645 0 R null 646 0 R null 647 0 R null 648 0 R null 649 0 R 313 0 obj 4047 0 obj endobj endobj endobj /K 630 /S /P /Pg 25 0 R /S /Artifact << >> << endobj /S /Artifact /K 9 endobj << << /K 131 /Pg 23 0 R << endobj endobj /S /P 945 0 obj endobj /S /P /Lang (EN-US) << << 2449 0 obj endobj /K 45 << /S /P /Pg 25 0 R /S /P 1921 0 obj >> >> << << /Pg 22 0 R 4125 0 obj /K 718 1513 0 obj /S /Artifact endobj /K 1419 /P 38 0 R /Pg 23 0 R /S /P << /S /Artifact /K 11 /K 936 /K 71 /P 96 0 R /Pg 23 0 R /Lang (EN-US) endobj /Lang (EN-US) /Pg 13 0 R >> 3751 0 obj /S /P /S /P 1976 0 obj /Pg 23 0 R 1064 0 obj /Subtype /Link /S /P << /Lang (EN-US) 784 0 obj /Parent 8 0 R endobj endobj /Pg 22 0 R 548 0 R 549 0 R 550 0 R 551 0 R 552 0 R 553 0 R 554 0 R 555 0 R 556 0 R 557 0 R /P 5569 0 R endobj /S /Artifact /Lang (EN-US) /K 1371 /P 6128 0 R >> endobj 250 0 obj <> >> /S /P /Pg 24 0 R endobj FOR SALE! endobj /K 217 4075 0 obj endobj /K 1034 /Pg 13 0 R <> >> >> 2940 0 obj /S /Artifact /K 1346 /S /P endobj >> /Pg 23 0 R endobj /Pg 19 0 R /K 1422 null 951 0 R null 952 0 R null 953 0 R null 954 0 R null 955 0 R endobj << /S /P endobj /S /P << /Pg 25 0 R >> /K 1105 >> 813 0 obj << /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 /Pg 24 0 R /S /P /K 1210 << /Resources 4385 0 R << 977 0 obj /Pg 25 0 R /S /Artifact endobj /K 1187 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 2157 0 obj 1034 0 obj >> /S /P /Pg 24 0 R /K 1550 << endobj /Pg 25 0 R /Pg 23 0 R endobj 1437 0 obj /K 1040 /S /P 4214 0 R 4215 0 R 4216 0 R 4217 0 R 4218 0 R 4219 0 R 4220 0 R 4221 0 R 4222 0 R 4223 0 R endobj >> 1534 0 obj 2887 0 obj >> /K 1462 /Pg 23 0 R /S /Artifact endobj null 93 0 R null null 420 0 R null 421 0 R null 95 0 R 97 0 R >> /Pg 13 0 R /K 1539 endobj /Pg 22 0 R /Lang (EN-US) 2255 0 R 2256 0 R 2257 0 R 2258 0 R 2259 0 R 2260 0 R 2260 0 R 2261 0 R 2262 0 R 2263 0 R /P 6480 0 R 3808 0 obj /S /P /Pg 23 0 R 2135 0 obj 2724 0 R null 2725 0 R null 2726 0 R null 2727 0 R null 2728 0 R null >> >> /K 84 >> /K 851 /Pg 25 0 R /Lang (EN-US) /Pg 23 0 R << /Pg 22 0 R /Pg 25 0 R /Pg 25 0 R /K 1218 4107 0 R 4108 0 R 4109 0 R 4110 0 R 4111 0 R 4112 0 R 4113 0 R 4114 0 R 330 0 R 4115 0 R /K [12 4631 0 R] /S /Artifact /P 6745 0 R /S /Artifact << >> /K 1414 /K 1113 2712 0 obj /P 10 0 R 3431 0 obj 3514 0 obj <> /Lang (EN-US) /P 6210 0 R 759 0 obj << 1779 0 obj /Pg 16 0 R 1365 0 obj 2598 0 obj /Lang (EN-US) <> /K 1393 /Pg 24 0 R endobj /Pg 21 0 R /K 1262 3143 0 obj /P 5818 0 R /K 1253 /Lang (EN-US) << /K 1133 2632 0 obj << >> << <> /P 5647 0 R /Pg 22 0 R /K 248 292 0 obj endobj >> /Pg 24 0 R endobj /Pg 24 0 R endobj /S /P /K 869 >> >> /S /Artifact /P 6619 0 R >> /K 1175 1709 0 obj /S /P Cliffwater's Condrell: Middle-market credits smooth portfolio - AICA /P 6004 0 R /Pg 25 0 R /K 1232 >> 36 /K 1064 /S /Artifact 2635 0 obj >> /Pg 25 0 R endobj endobj /K 409 /S /P >> null 642 0 R null 643 0 R null null null 644 0 R null null 3798 0 R null null null 3799 0 R null 3800 0 R null 3801 0 R null /Lang (EN-US) >> << null 3630 0 R null 3631 0 R 3632 0 R null 3633 0 R null 3634 0 R null /Pg 24 0 R /Lang (EN-US) null 2957 0 R null 2958 0 R 2959 0 R null 2960 0 R null 2961 0 R null endobj >> endobj /K 963 /P 5006 0 R /Pg 24 0 R 2094 0 obj /Lang (EN-US) >> endobj /Lang (EN-US) >> >> << endobj endobj << /K 1468 >> /K 952 /S /P /S /Artifact >> /P 6392 0 R /K 1188 endobj /K 256 /S /P 3323 0 obj /S /Artifact /P 5615 0 R endobj endobj /Pg 26 0 R 1245 0 obj /P 6085 0 R >> 2954 0 obj << endobj /K 1203 endobj /Lang (EN-US) 4304 0 R 4305 0 R 4306 0 R 4307 0 R 4308 0 R 4309 0 R 4310 0 R 4311 0 R 4312 0 R 4313 0 R /S /P 3928 0 obj /P 5163 0 R /Pg 24 0 R null 3759 0 R null 3760 0 R null 3761 0 R null null null 3762 0 R << endobj 78 0 R] /S /Artifact << << /Pg 24 0 R /S /Artifact endobj 1591 0 obj /P 10 0 R >> >> endobj >> /Pg 22 0 R >> endobj >> /K 246 4333 0 obj /Lang (EN-US) << /S /Artifact endobj 2365 0 obj endobj endobj endobj /Lang (EN-US) endobj >> endobj /K 1518 << /S /Artifact << >> /Pg 16 0 R /K 167 /Pg 24 0 R /P 74 0 R 3003 0 obj /S /P /S /Artifact 237 0 obj /Pg 22 0 R /Lang (EN-US) /K 78 << /S /P /S /Artifact >> << /Pg 24 0 R >> /P 5810 0 R 733 0 obj >> 553 0 obj /P 4691 0 R endobj 3930 0 obj << /Pg 22 0 R /Lang (EN-US) endobj 3512 0 obj /S /P endobj >> >> /P 5894 0 R >> 3339 0 obj 1414 0 obj >> endobj /Pg 20 0 R /Lang (EN-US) /Pg 13 0 R /K 1524 1787 0 obj /K 1482 /Pg 22 0 R /Pg 22 0 R endobj endobj /K 206 /S /Artifact 4284 0 R 4285 0 R 4286 0 R 4287 0 R 4288 0 R 4289 0 R 4290 0 R 4291 0 R 4292 0 R 4293 0 R endobj /S /P << /S /Artifact /S /Artifact << 1294 0 obj endobj /Tabs /S /Lang (EN-US) /P 5315 0 R 165 0 obj /S /Artifact endobj /Pg 23 0 R /S /Artifact /K 25 /Pg 23 0 R <> 479 0 obj >> /S /P >> << endobj /Pg 24 0 R >> endobj 987 0 obj >> /Pg 22 0 R /Lang (EN-US) /Pg 22 0 R << /S /Artifact >> << /Pg 20 0 R /Pg 23 0 R 4114 0 obj /Lang (EN-US) /K 1133 endobj 29 0 obj /S /P >> << /Pg 22 0 R << << /S /Artifact << /Lang (EN-US) >> /Pg 23 0 R >> 713 0 obj 64 0 obj /P 5436 0 R endobj /Lang (EN-US) 1317 0 obj 3994 0 obj 4012 0 obj /S /Artifact /P 5031 0 R 3605 0 obj /K 1108 endobj endobj >> /Lang (EN-US) /P 10 0 R /S /Artifact /Pg 24 0 R /S /Artifact << /Pg 22 0 R endobj /K 1282 >> /Lang (EN-US) endobj /K 896 1953 0 obj >> 1503 0 obj /Lang (EN-US) /Lang (EN-US) << /Lang (EN-US) /P 6738 0 R /P 6450 0 R endobj << /Pg 20 0 R /Pg 24 0 R /K 5 /S /P endobj /Lang (EN-US) << 2012 0 obj /S /Artifact >> /S /P /S /Artifact >> /S /Artifact /K [45 46 47 48 49] << /K 499 >> /Pg 22 0 R 414 0 obj /K 941 >> /Pg 23 0 R /Pg 23 0 R endobj 368 0 obj endobj /S /P <> /P 5195 0 R /K 31 /Pg 23 0 R <> endobj >> >> << endobj /P 10 0 R /Pg 26 0 R /Pg 16 0 R 2678 0 obj /P 6233 0 R /S /Artifact /Pg 24 0 R /Lang (EN-US) 2601 0 obj /Pg 23 0 R /S /P /P 6339 0 R /Pg 24 0 R >> /S /P 548 0 obj /K 1260 2056 0 obj << >> endobj /Lang (EN-US) /Pg 24 0 R /P 6396 0 R /P 6548 0 R << >> endobj /P 192 0 R << << >> /Pg 25 0 R << /K 540 << /S /Artifact /Pg 24 0 R /Lang (EN-US) /Pg 24 0 R /S /P /P 10 0 R 2884 0 obj /Lang (EN-US) >> /S /P endobj endobj /P 6566 0 R 3256 0 obj /K 823 /Lang (EN-US) /Pg 24 0 R << /Lang (EN-US) << /K 365 << /K 594 3321 0 obj Cliffwater Corporate Lending Fund - Intervalfunds /K 601 /Pg 14 0 R << << >> /Pg 23 0 R /Pg 23 0 R endobj >> /P 6038 0 R /Lang (EN-US) << 2292 0 obj endobj /Pg 22 0 R /P 6215 0 R /K 859 /P 4840 0 R /Pg 23 0 R endobj /P 10 0 R /S /Artifact /S /Artifact >> /Pg 24 0 R 341 0 obj /K 1350 1601 0 R null 1602 0 R null 1603 0 R null 1604 0 R 1605 0 R null 1606 0 R 3604 0 obj /K 1455 /Lang (EN-US) endobj /S /P >> << /Pg 25 0 R >> endobj << /S /P endobj /S /Artifact /S /Footnote /Pg 13 0 R >> /S /Artifact /Lang (EN-US) endobj /S /Artifact /S /Artifact /Pg 23 0 R << endobj /P 4892 0 R 2737 0 obj << >> /S /P 1878 0 obj >> /K 711 >> null 2481 0 R null 2482 0 R null 2483 0 R null 2484 0 R 2485 0 R null /S /P >> >> endobj /K 1398 /P 5696 0 R 5 /Pg 23 0 R /Pg 17 0 R endobj /P 6681 0 R /S /P /Lang (EN-US) 2205 0 obj /Lang (EN-US) >> /Lang (EN-US) endobj /Lang (EN-US) /Pg 24 0 R >> /Lang (EN-US) 3905 0 obj 1207 0 obj /S /Artifact endobj 3266 0 obj /K 1365 endobj 2704 0 obj /K 1372 /K 414 >> 4071 0 obj 3243 0 obj /K 1221 /S /P endobj /Pg 24 0 R endobj /K 1478 /Pg 23 0 R /Pg 22 0 R 971 0 obj 570 0 obj /K 857 << endobj /K 1458 4106 0 obj /S /P /Pg 23 0 R /K 387 /S /Artifact /S /P >> /S /P endobj >> /Pg 24 0 R /P 6571 0 R >> /Pg 24 0 R 1028 0 obj 4328 0 obj /Lang (EN-US) >> endobj endobj endobj /Lang (EN-US) /K 821 << 3674 0 obj /Lang (EN-US) /K [45 4686 0 R] 2897 0 obj /S /P /K 1194 /Pg 25 0 R << /S /Artifact << /K 51 << endobj endobj << /S /P 3657 0 obj /K 162 /K 54 2918 0 obj >> 476 0 obj << /S /P /Lang (EN-US) 1122 0 obj /Pg 23 0 R /P 4803 0 R endobj /S /P endobj << /S /Artifact /P 5327 0 R /S /Artifact endobj /K 1496 /Lang (EN-US) /Pg 25 0 R /K 1463 Loans are made or arranged pursuant to a California Financing Law license. << >> /K 456 /Pg 22 0 R 892 0 obj /S /P endobj /P 4920 0 R /S /Artifact /Pg 23 0 R endobj /S /P endobj /Pg 25 0 R >> <> endobj 3541 0 R null null null 3542 0 R null 3543 0 R null 3544 0 R null >> /Pg 23 0 R >> endobj 2680 0 obj 2544 0 obj /Lang (EN-US) /Lang (EN-US) /S /P >> >> /S /Artifact /P 4765 0 R /S /Artifact /Pg 23 0 R /S /Artifact /Lang (EN-US) << endobj /P 5318 0 R /Lang (EN-US) << >> /Pg 22 0 R /K 29 4064 0 obj /K 2 3336 0 obj endobj We are proactive with our advice and recommendations to clients so they may achieve desired outcomes. /P 6091 0 R /Pg 26 0 R endobj /S /P << << 979 0 obj /Pg 24 0 R /Pg 22 0 R << /K 123 >> >> endobj endobj << >> /P 10 0 R /K 679 /S /Artifact >> << 905 0 obj /P 6540 0 R /Pg 18 0 R >> endobj /P 10 0 R endobj /Pg 24 0 R /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] /K 44 /Lang (EN-US) /P 6742 0 R /S /P /Pg 18 0 R /S /P 1714 0 obj /K 1421 /Lang (EN-US) /Pg 24 0 R << /Pg 22 0 R /K 106 /Pg 23 0 R >> << endobj /S /Artifact >> /K 1154 2011 0 obj /Pg 24 0 R Should I Invest in Alternative/Direct Lending (LENDX)? 3941 0 obj >> /Lang (EN-US) >> /S /Artifact >> 1062 0 obj /Lang (EN-US) /S /P << /Pg 23 0 R /P 6254 0 R >> 3882 0 obj /Pg 24 0 R >> /S /P << /S /P >> endobj << 149 0 obj /P 5955 0 R /K 88 /Pg 17 0 R endobj /P 6006 0 R 598 0 obj /P 5166 0 R endobj endobj >> << << >> /Pg 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