Cliffwater

Stephen Nesbitt, CEO & CIO, Caitlin (Kammerait) Nemeth, Managing Director, and Samir Patel, Managing Director, share their outlook for private debt in 2025 and discuss trends to watch for in the upcoming year. #privatedebt #alternatives

“Direct Lending’s Wall of Worry” explores the gap between perception and reality in direct lending, demonstrating how disciplined underwriting and resilient performance stand in stark contrast to sensationalized press headlines. Read now. #privatedebt

Stephen Nesbitt, CEO, and Fran Beyers, Head of Capital Markets, provide an update on the private debt market, detail two new subindices focused on lower middle market and upper middle market lending, and share their outlook for 2025 in the Cliffwater Direct Lending (CDLI) Q3 2024 Update. #privatedebt #alternatives

We are pleased to announce that Blake Nesbitt, Senior Managing Director and Co-Head of Asset Management, has been selected as one of Private Debt Investor's Rising Stars of Private Debt. Blake has been instrumental in growing Cliffwater’s leading interval fund platform and expanding our private credit team to over 40 investment professionals. Congratulations, Blake! #privatedebt 

Stephen Nesbitt, CEO & CIO, provides his asset allocation update for Q4 2024. 

Learn more about our leading perpetual private markets funds—Cascade Private Capital Fund (CPEFX), Cliffwater Corporate Lending Fund (CCLFX), and Cliffwater Enhanced Lending Fund (CELFX)—on the new CliffwaterFunds.com. 

Cascade Private Capital Fund Announces Completion of $250 Million Revolving Credit Facility #privatemarkets #alternatives 

We’re excited to announce the launch of the new Cliffwater website! Take a look now to learn more about how Cliffwater has been defining alternatives over our 20-year legacy. 

“It’s basically steady as you go.” Stephen Nesbitt, CEO & CIO, and Fran Beyers, Head of Capital Markets, review the Q2 2024 Cliffwater Direct Lending Index (CDLI) results, provide an update on direct lending markets, and share what to expect for the remainder of the year. #privatedebt #directlending #alternatives

With seemingly too many asset classes competing for allocators’ capital, public credit is likely expendable in favor of private debt, which offers returns 3-4% higher after adjusting for fees. By itself, that return difference more than justifies the liquidity give-up for going private, and with the advent of private debt vehicles like perpetual BDCs and interval funds, investors can come close to having both the higher return and comparable liquidity. That leaves public credit out of the mix. #privatedebt #alternatives