Cliffwater Corporate Lending Fund
CCLFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 235 West Galena Street Milwaukee WI United States of America 53212
- IPO Date
- Jun 5, 2019
- CIK
- 0001735964
- Website
- cliffwaterfunds.com
- Similar Companies
- Business
- Cliffwater Corporate Lending Fund is a non-diversified, closed-end management investment company that focuses on providing exposure to a diversified portfolio of private corporate loans, primarily to U.S. middle-market and upper middle-market companies, and is offered as an interval fund to eligible investors. The fund is sponsored and managed by Cliffwater LLC, an alternative investment management firm specializing in credit and other alternative strategies, and is headquartered in Santa Monica, California. The fund’s core investment activities consist of investing in broadly syndicated loans; middle-market direct lending; privately originated senior secured loans; unitranche loans; subordinated and mezzanine debt; and, to a lesser extent, equity co-investments and other income-producing credit instruments. It typically gains exposure through a combination of directly originated loans, participations, and investments in private credit funds and vehicles managed by third-party managers, with an emphasis on senior secured, floating-rate instruments designed to generate current income. The fund targets borrowers across diversified industries, focusing on companies with established cash flows and sponsor-backed capital structures, and seeks to manage risk through diversification by sector, issuer, and manager. Cliffwater Corporate Lending Fund is structured as an interval fund that offers periodic repurchase offers, typically on a quarterly basis, and is distributed primarily through registered investment advisers, broker-dealers, and other institutional and high-net-worth distribution channels. The fund’s primary client base includes accredited and other qualified individual investors, family offices, and smaller institutions seeking access to private corporate credit in a regulated ’40 Act fund format. The fund generates returns mainly through interest income on its loan portfolio, with the potential for capital appreciation on certain credit and equity positions. The fund operates as part of Cliffwater’s broader private credit and alternative investment platform, and benefits from Cliffwater’s manager research, underwriting, and portfolio construction capabilities across direct lending and corporate credit strategies. It may invest across multiple geographies but primarily focuses on U.S. borrowers, with selective exposure to non-U.S. issuers where risk, structure, and return criteria are met. Risk management practices include credit underwriting, ongoing monitoring of borrower performance, diversification by industry and sponsor, and the use of hedging instruments where appropriate under the fund’s investment policies. In the last one to two years, key developments for Cliffwater Corporate Lending Fund have included portfolio expansion within private direct lending and sponsor-backed middle-market loans, as well as continued scaling of assets under management as investor adoption of private credit interval funds has grown. The fund has enhanced its access to deal flow through relationships with private equity sponsors and third-party direct lending platforms, supporting broader diversification and deployment into senior secured and unitranche loans. In addition, the fund has adjusted its portfolio mix and deployment pace in response to evolving credit market conditions, interest rate dynamics, and spread environments, reflecting a strategic emphasis on income, capital preservation, and risk-adjusted returns within private corporate lending.