Private Credit

Cliffwater Corporate Lending Fund

Formation2018

CategoryInterval Fund

SEC Filing ↗

Net Assets

$31.5B

NAV YoY

+38%

Portfolio Composition

Investment Type

Senior Secured Loans

76.40%

Private Investment Vehicles

37.00%

Subordinated Debt

1.50%

Preferred Stocks

0.50%

Collateralized Loan Obligations

0.50%

Common Stocks

0.20%

Short-Term Investments

4.60%

Portfolio composition data sourced from regulatory filings.

Deeper Analysis

Institutional intelligence and portfolio transparency

Reported as of September 2025

Principal Portfolio Holdings

Holding	Value	Allocation
SILVER POINT LOAN NOTE ISSUER LLC middle market direct lending	$1.4B	4.51%
BARINGS PRIVATE CREDIT CORPORATION non-Listed business development companies	$921.1M	2.93%
CCLF3/28/27 IRS SWAP FIXED 4.10%	$890.4M	2.83%
Proprietary Exposure	---	---
Proprietary Exposure	---	---

Showing 3 of 3096 holdings. Pro access required for full portfolio disclosure.

Upgrade to Pro Analysis

Complete Intelligence Layer

Unlock deeper insights including Peer Benchmarking, Historical Performance Attribution, Fee Structure Analysis, and Liquidity Stress Models.

Contact for Firm-Wide Access

About This Fund

The Cliffwater Corporate Lending Fund is a '40 Act registered closed-end interval fund managed by Cliffwater LLC. It employs a multi-lender approach, investing primarily in corporate loans through direct lending, securitizations, and private funds. The fund focuses on middle-market debt with predominantly floating-rate exposure and first-lien senior secured positions. It offers quarterly repurchase opportunities with limited liquidity and targets consistent current income with capital preservation as a secondary objective.