/K 1337 >> /Pg 25 0 R /Pg 24 0 R endobj /Pg 18 0 R /K 902 /K 662 /S /P /Lang (EN-US) /S /P /P 6297 0 R >> << /K 1119 << 2924 0 obj /K 1487 /K 1186 endobj >> /P 5946 0 R << /P 5880 0 R << /Lang (EN-US) /S /Artifact << << << /Pg 24 0 R /K 1089 3606 0 obj 2081 0 obj endobj >> >> endobj << endobj /K 511 << /Pg 22 0 R /S /P /Pg 25 0 R endobj << << 3207 0 obj >> /K 1488 >> /K 453 2753 0 obj /Pg 24 0 R endobj /S /P endobj /S /P /K 121 /Pg 24 0 R << /S /P >> /P 5331 0 R /Lang (EN-US) endobj /P 6014 0 R << /Pg 24 0 R >> endobj /K 606 << /K 27 /S /P /Pg 25 0 R /Pg 24 0 R 1362 0 obj /Pg 24 0 R /Lang (EN-US) /Pg 25 0 R /S /P /Pg 22 0 R /P 5566 0 R /Pg 25 0 R /Pg 25 0 R >> /S /P >> 3569 0 obj >> /P 10 0 R << /S /P endobj endobj >> endobj 1173 0 obj /S /Artifact endobj /Pg 25 0 R /S /P /Lang (EN-US) endobj << /S /P << >> /P 5197 0 R /S /Artifact /Pg 22 0 R /Lang (EN-US) 1659 0 obj << /S /Artifact >> /S /P /S /P /Pg 23 0 R endobj << Direct Lending) >> /K 29 endobj /P 6030 0 R >> 2351 0 obj >> /K 1362 endobj << /K 540 /K 130 /P 5541 0 R 2944 0 obj /K 107 /S /Artifact << << endobj /Lang (EN-US) /Pg 23 0 R 1464 0 obj /S /P /Pg 24 0 R /P 5165 0 R /K 1143 /P 5651 0 R 252 0 obj 1288 0 R 1289 0 R 1290 0 R 1291 0 R 1292 0 R 1293 0 R 1294 0 R 1295 0 R 1296 0 R 1297 0 R 2305 0 obj /S /P /P 10 0 R 7 0 obj /S /P endobj << /S /P /Lang (EN-US) << << << /S /P endobj 3706 0 obj /K 1127 3753 0 R null 3754 0 R null 3755 0 R null 3756 0 R 3757 0 R null 3758 0 R endobj << 3094 0 obj /K 954 4232 0 obj /Pg 22 0 R >> /K 1273 << /Lang (EN-US) /K 1467 33 0 obj << endobj 3765 0 obj << >> /Lang (EN-US) /K 1405 >> /Pg 25 0 R 3753 0 obj /Annots [4348 0 R] /K 1196 >> /Rotate 0 /Lang (EN-US) /Pg 24 0 R << /P 5718 0 R /Lang (EN-US) /K 1065 /Lang (EN-US) endobj << >> /S /Artifact << endobj /K [0 443 0 R 42] << /Lang (EN-US) 1926 0 R null null null 1927 0 R null null null 1928 0 R null 3099 0 obj /K 1352 /Pg 24 0 R << << 1183 0 obj /Lang (EN-US) 47 0 obj /Pg 20 0 R endobj 3805 0 obj /S /Artifact /Pg 22 0 R /S /P >> /Pg 20 0 R << 791 0 obj 1989 0 obj endobj /P 6202 0 R 3815 0 obj /Pg 25 0 R /S /Artifact /P 4767 0 R /K 1351 >> >> /K 1246 /Lang (EN-US) endobj /P 10 0 R >> /Pg 24 0 R /H /I << endobj >> >> /K 530 /S /P /P 5412 0 R >> << endobj 21 0 obj 4138 0 obj /P 4999 0 R << endobj /S /P /Lang (EN-US) >> >> endobj /Lang (EN-US) /K 31 /S /P /P 4867 0 R >> /Pg 24 0 R /S /Artifact /K 772 >> endobj /K 239 958 0 obj << /S /Artifact /P 6674 0 R /K 507 1056 0 obj << /P 6415 0 R /H /I << endobj /Pg 24 0 R /Pg 22 0 R 3183 0 obj >> >> 2767 0 obj >> endobj /S /Artifact 3267 0 obj /Lang (EN-US) /Pg 23 0 R /K 442 /S /P 699 0 R null 700 0 R null 701 0 R null 702 0 R null 703 0 R null >> 2806 0 obj /P 96 0 R /K 1121 /K 1212 endobj /Lang (EN-US) >> 1125 0 obj /P 5715 0 R >> /S /Artifact >> /K 1197 endobj /P 5238 0 R /P 5142 0 R endobj /Lang (EN-US) /K 82 /Lang (EN-US) /Pg 23 0 R /Pg 23 0 R /K 1490 endobj /Pg 25 0 R endobj endobj 3438 0 obj /S /Artifact 3362 0 obj /K 1311 /S /Artifact /Pg 22 0 R 1175 0 obj /Pg 25 0 R /S /P 1875 0 obj /Lang (EN-US) Cliffwater is an alternative investment adviser and fund manager. 1331 0 obj << /S /P endobj /P 10 0 R endobj /K 1530 277 0 R 278 0 R 279 0 R 280 0 R 281 0 R 282 0 R 283 0 R 284 0 R 285 0 R 286 0 R << /P 6058 0 R >> >> endobj /Pg 23 0 R /Pg 21 0 R >> /Pg 18 0 R endobj 3466 0 obj /K [47 4688 0 R] << 1445 0 R 1446 0 R 1447 0 R 1448 0 R 1449 0 R 1450 0 R 1451 0 R 1452 0 R 1453 0 R 1454 0 R >> /K 1424 endobj /Pg 22 0 R /Pg 23 0 R 219 0 obj endobj /S /Artifact << /K 10 /Pg 24 0 R << endobj /S /P /Lang (EN-US) << /P 5061 0 R /S /P /Lang (EN-US) 3570 0 obj /K 275 /Pg 22 0 R endobj /Lang (EN-US) /P 4851 0 R /K 125 /Pg 23 0 R >> /S /P endobj << /Lang (EN-US) /Pg 23 0 R 3670 0 obj /Pg 24 0 R /P 5979 0 R 3238 0 obj 1293 0 obj /K 244 /S /Artifact /Pg 23 0 R << /K 1132 >> 2131 0 obj << 3444 0 R null null null 3445 0 R null null null 3446 0 R null /Pg 22 0 R /K 766 << /K 1145 2909 0 obj endobj >> /Lang (EN-US) >> /Pg 17 0 R /Lang (EN-US) 367 0 obj /S /Table endobj 1054 0 obj /S /Artifact /Pg 22 0 R /Pg 22 0 R /P 5089 0 R /K 511 /Pg 22 0 R << /P 5987 0 R /Lang (EN-US) << >> endobj 2148 0 obj << /S /P /Lang (EN-US) /P 5202 0 R endobj /S /Artifact 617 0 obj /S /Artifact /S /P >> 2110 0 obj << >> endobj >> /Pg 22 0 R >> << /Annotation /Span /Lang (EN-US) << /K 1161 329 0 obj /Type /Page /S /Artifact /K 424 /K 1167 << null null null 2696 0 R null 2697 0 R null 2698 0 R null 2699 0 R /Pg 25 0 R endobj /P 10 0 R /S /P /K 1272 /Pg 24 0 R 1198 0 obj /K 923 /K 802 >> /Pg 22 0 R /S /P << 2603 0 obj >> /Pg 23 0 R 3231 0 obj /P 5814 0 R /K 1320 /S /Artifact >> << /S /P /K [80 81] /Pg 25 0 R /K 1193 /P 33 0 R 3618 0 obj >> << >> 4249 0 obj /Lang (EN-US) /S /P 2493 0 obj /S /P null 860 0 R 307 0 R null 309 0 R null 861 0 R null null 862 0 R /Pg 25 0 R sees both positives and negatives to banking constraints. /P 4883 0 R >> >> >> /P 5201 0 R /P 6719 0 R /Lang (EN-US) endobj /Lang (EN-US) /Pg 25 0 R 3124 0 obj /K 1064 null 2651 0 R null 2652 0 R null 2653 0 R 2654 0 R null 2655 0 R null 1806 0 obj << /P 6307 0 R /S /Artifact 2531 0 obj /Lang (EN-US) /Pg 23 0 R << << /Pg 24 0 R /K 537 /Lang (EN-US) /K 333 /K 1449 << /Lang (EN-US) >> endobj endobj endobj 1598 0 obj 2986 0 obj 728 0 obj endobj /Lang (EN-US) /Lang (EN-US) /S /P /K 1440 /P 10 0 R /K 632 /K 1179 >> endobj << /Lang (EN-US) << /Pg 22 0 R endobj /K 1073 /Pg 25 0 R << endobj endobj /Pg 19 0 R /Pg 24 0 R << 2471 0 obj /S /P 3163 0 obj endobj >> >> >> /K 755 /K 242 << /K 1283 2663 0 obj null null null 3786 0 R null null null 3787 0 R null 3788 0 R endobj /K 163 2274 0 obj /S /Artifact /S /Artifact << /P 33 0 R /K 985 << 3662 0 obj >> /Pg 25 0 R 2511 0 obj 2452 0 obj /P 6327 0 R /K [4449 0 R 4450 0 R 4451 0 R 4452 0 R 4453 0 R 4454 0 R 4455 0 R 4456 0 R] /S /Artifact /Pg 25 0 R 46 0 obj /K 1498 /Lang (EN-US) /K 1550 >> /S /P /Pg 25 0 R >> endobj /S /P /S /Artifact >> /P 5376 0 R /S /Artifact /Pg 25 0 R << /Pg 16 0 R 2395 0 obj /Lang (EN-US) endobj 155 0 obj 1372 0 obj 1477 0 obj /K 1496 >> /S /Artifact << /K 823 2556 0 obj >> >> /Lang (EN-US) 479 0 obj /Lang (EN-US) 3614 0 obj << /S /P 3595 0 obj endobj /S /P /K 316 /Pg 25 0 R /Lang (EN-US) /K 158 endobj << 3691 0 obj >> endobj /Contents [4339 0 R 4340 0 R 4341 0 R 4342 0 R 4343 0 R 4344 0 R 4345 0 R 4346 0 R] /K 422 /Pg 20 0 R << << 1663 0 obj /P 10 0 R /S /P endobj /S /P /Pg 23 0 R 2468 0 obj /S /P << /Annots [4366 0 R 4367 0 R 4368 0 R] /Pg 25 0 R /K 950 2819 0 obj /S /Artifact /K 697 endobj /K 1429 /Lang (EN-US) /S /P /S /Artifact endobj << /Pg 24 0 R 3347 0 obj /Lang (EN-US) 2294 0 obj /K 1015 << 2432 0 obj << /S /P 981 0 obj /Lang (EN-US) 3196 0 obj >> /Lang (EN-US) /K 701 /K 1441 /Lang (EN-US) 3179 0 obj >> /P 4997 0 R 2954 0 obj >> endstream /Pg 22 0 R /Pg 24 0 R endobj /S /Artifact >> /S /Artifact /Lang (EN-US) /Pg 24 0 R /Pg 23 0 R << null 2900 0 R null 2901 0 R null 2902 0 R null 2903 0 R null null /S /Artifact /P 6537 0 R /S /Figure << /Lang (EN-US) /Lang (EN-US) 2940 0 obj endobj 3007 0 R 3008 0 R 3009 0 R 3010 0 R 3011 0 R 3012 0 R 3013 0 R 3014 0 R 3015 0 R 3016 0 R endobj /K 1367 /K 40 endobj /K [439 0 R 440 0 R] >> /S /P /K 755 << >> /Pg 25 0 R << 3971 0 obj /P 4863 0 R /S /P /Lang (EN-US) endobj /Lang (EN-US) /P 6492 0 R endobj /K 297 /Pg 24 0 R 1221 0 obj << 2214 0 obj >> /Pg 25 0 R 1457 0 obj /S /P /S /Artifact << /P 4839 0 R /Pg 25 0 R /P 5836 0 R 1073 0 obj 342 0 obj << /Pg 24 0 R /CropBox [0 0 612 792] /S /P /K 1236 14 0 obj endobj /S /P << /S /P /Pg 24 0 R endobj /Lang (EN-US) 3215 0 obj >> /S /P 4047 0 obj /Pg 22 0 R /Lang (EN-US) /Pg 24 0 R /Lang (EN-US) >> endobj >> >> /S /P 213 0 obj null null 3727 0 R null 3728 0 R null 3729 0 R null 3730 0 R null << /S /Artifact << endobj 2490 0 obj << /K 171 1515 0 obj /Lang (EN-US) 3622 0 obj << 3089 0 obj /Pg 25 0 R << /K 722 endobj 37 0 obj endobj endobj >> /Lang (EN-US) /K 1145 1878 0 obj /Pg 25 0 R /K 1297 << endobj /Lang (EN-US) >> null 970 0 R null 971 0 R null 972 0 R null null null 973 0 R >> endobj /Lang (EN-US) /Lang (EN-US) >> /P 5668 0 R /Lang (EN-US) /K 192 /K 129 /K 674 /K 331 470 0 R null 471 0 R null 472 0 R 473 0 R null 474 0 R 475 0 R null /K 1312 /S /Artifact 1258 0 obj >> 3125 0 obj endobj >> /K 460 << /Pg 22 0 R 2201 0 obj /Pg 24 0 R /S /Artifact /P 6749 0 R << /K [390 0 R 391 0 R 392 0 R 389 0 R 393 0 R 394 0 R 395 0 R 396 0 R 397 0 R 398 0 R /S /Artifact 1142 0 obj 496 0 obj << << /S /Artifact /K 1359 /K [49 50 51 52 53] >> endobj /K 1547 /S /P << /K 1012 /S /P /Pg 25 0 R /K 1431 /S /P /P 4667 0 R /Pg 25 0 R /K 1354 >> /K 459 /Pg 23 0 R << 4307 0 obj >> endobj /K 1546 endobj /K 1237 /S /Artifact /S /P 3229 0 obj /K 61 1902 0 obj endobj /P 5930 0 R endobj 27 0 obj 1564 0 obj /K 1130 /Pg 15 0 R /Pg 23 0 R /S /P << /Pg 26 0 R /Pg 23 0 R /Lang (EN-US) /S /P /K [78 79 433 0 R 69] 1038 0 obj endobj 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. << >> null 3649 0 R 329 0 R null 331 0 R null 3650 0 R null null 3651 0 R /Pg 24 0 R endobj /P 185 0 R << /K 1181 /Pg 16 0 R 3087 0 R 3088 0 R 3089 0 R 3090 0 R 3091 0 R 3092 0 R 3093 0 R 3094 0 R 3095 0 R 3096 0 R 674 0 obj endobj 3271 0 obj /K 794 /S /P /Lang (EN-US) >> endobj /Pg 25 0 R /P 5110 0 R /Pg 25 0 R << /S /P /K 41 /S /P endobj /Lang (EN-US) /K 1394 /S /Artifact 733 0 obj << /S /Artifact endobj /Pg 18 0 R /K 354 /Pg 23 0 R /K 1179 endobj << >> /Lang (EN-US) /Pg 24 0 R /P 10 0 R /Pg 25 0 R >> << /Lang (EN-US) /K 1463 /Pg 14 0 R /Lang (EN-US) 3047 0 R 3048 0 R 3049 0 R 3050 0 R 3051 0 R 3052 0 R 3053 0 R 3054 0 R 3055 0 R 3056 0 R endobj >> 2163 0 obj endobj /S /P endobj << /K 1322 4329 0 obj /S /Artifact /S /Artifact /Pg 24 0 R /Lang (EN-US) >> /Pg 22 0 R /K 705 /Pg 24 0 R /P 10 0 R /K 1133 >> /Pg 14 0 R /Pg 24 0 R << endobj /S /P /S /P /K 439 3741 0 obj /P 5848 0 R endobj 793 0 obj /P 6640 0 R /Lang (EN-US) >> /S /P >> /S /P /K 1345 /P 6097 0 R /K 991 4299 0 obj /Pg 22 0 R /K 1330 /S /P 3328 0 obj /Pg 24 0 R >> /CropBox [0 0 612 792] /S /Artifact /S /Artifact endobj /K 878 /P 5610 0 R /K 1160 /S /Artifact << /S /Artifact << /Lang (EN-US) /S /Artifact >> /S /Artifact >> endobj endobj << /S /Artifact endobj /P 6632 0 R 2657 0 obj << endobj >> /Pg 24 0 R 2069 0 obj /Pg 24 0 R /K 853 /S /Artifact /Lang (EN-US) /S /Artifact 2139 0 obj << 1616 0 obj /S /P 642 0 obj /S /P endobj 894 0 obj /S /Artifact /S /Artifact /Pg 24 0 R 1804 0 obj /S /Artifact /S /Artifact /P 5657 0 R >> /K 262 /Pg 25 0 R /Pg 18 0 R /S /P endobj endobj Cliffwater Direct Lending Index is an asset-weighted index of over 8,000 directly originated middle market loans totaling $223 billion. endobj endobj >> endobj >> /Lang (EN-US) /P 5914 0 R null 2509 0 R 2510 0 R null 2511 0 R null 2512 0 R null 2513 0 R null /Lang (EN-US) 69 0 obj /P 10 0 R << >> << /P 4891 0 R /Lang (EN-US) >> /P 6413 0 R /Pg 23 0 R endobj << /S /P >> endobj /P 33 0 R << 898 0 obj >> /Pg 25 0 R >> << /Pg 23 0 R << /K 1272 /Pg 22 0 R /Lang (EN-US) /P 6049 0 R >> /Pg 22 0 R /Lang (EN-US) /P 4766 0 R /Lang (EN-US) 1755 0 obj /Lang (EN-US) /S /P /S /P /S /Table >> endobj /Pg 22 0 R >> /Pg 24 0 R /K 1485 << /S /P /K 138 453 0 obj /S /Artifact >> endobj /Pg 24 0 R endobj /K 1216 /S /Artifact << /K 1056 3812 0 obj /Lang (EN-US) /Parent 8 0 R 2444 0 obj << /P 6454 0 R endobj << /K 127 /Lang (EN-US) endobj endobj /K [1111 1112] /StructParents 7 /K 1184 >> << /P 5485 0 R /S /Figure /P 6501 0 R >> /K 582 /K 1436 /K 130 endobj 1369 0 obj /Filter /FlateDecode