Cliffwater announced today that its flagship interval fund, the Cliffwater Corporate Lending Fund (“CCLFX”), surpassed $30 billion in net assets, securing its leadership in “democratizing” private debt for the individual investor.
Launched in 2019, CCLFX offered an innovative approach to investing in private assets including no investor qualification, daily subscription, immediate deployment, no paperwork, 1099 tax reporting, quarterly liquidity, and extensive diversification.
Since its launch, the Fund has produced a 9.63% annualized return by lending to middle market companies at attractive yields.
“We are very grateful to both our investors and lending partners for getting us to this place,” said Stephen Nesbitt, Cliffwater CEO. “We believe that the fund’s scale will continue to benefit our investors, as it has in the past, through cost management and expanded investment opportunities.”
ABOUT CLIFFWATER CORPORATE LENDING FUND
Cliffwater Corporate Lending Fund (“CCLFX”) is a Delaware statutory trust registered under the Investment Company Act of 1940, as amended, and is a diversified, closed-end management investment company. The Fund operates as an interval fund and it commenced operations on March 6, 2019.
CCLFX employs an innovative approach to corporate middle market lending, investing and co-investing in a diverse set of loans originated through multiple high-caliber institutional lenders. CCLFX focuses on delivering consistent floating-rate income and principal protection through all environments with low price volatility.
As of June 30, 2025, CCLFX has $29.7 billion in net asset value and approximately $36.7 billion in total gross assets. It has a 10% distribution rate and has generated a net annualized total return of 9.63% since its inception on June 5, 2019. Its diversified portfolio provides investors exposure to over 3,900 unique private credit borrowers and is allocated 96% to first lien senior secured loans (as of June 30, 2025).
Cliffwater LLC serves as the investment adviser of the Fund.
