cliffwater direct lending index

>> /S /Artifact /K 1212 /K 894 << /K 15 816 0 obj 2429 0 obj /Pg 18 0 R /Lang (EN-US) /P 6016 0 R >> >> endobj /K 769 endobj /Lang (EN-US) /K 457 /S /P >> /Lang (EN-US) 4184 0 obj endobj /P 5005 0 R /P 6547 0 R /P 10 0 R /K 1436 /S /P 1126 0 obj /S /Artifact /Pg 23 0 R endobj /S /Artifact /Pg 25 0 R endobj >> >> endobj /P 5593 0 R >> /K 287 /P 152 0 R endobj 773 0 obj /S /P /K 287 /P 10 0 R /Pg 22 0 R << >> /Pg 25 0 R >> endobj >> /S /P /Lang (EN-US) /A 6762 0 R 3097 0 R 3098 0 R 3099 0 R 3100 0 R 3101 0 R 3102 0 R 3103 0 R 3104 0 R 3105 0 R 3106 0 R /S /P endobj >> /Pg 23 0 R << /Lang (EN-US) /K 824 /S /Artifact /P 6644 0 R >> /Lang (EN-US) >> /Pg 23 0 R >> /Pg 22 0 R /K 1391 /K [1334 1335] /P 5736 0 R >> endobj /Lang (EN-US) /Pg 25 0 R << 130 0 obj /P 5058 0 R 722 0 obj /K 1264 2019 0 obj endobj << endobj /Lang (EN-US) /Pg 24 0 R << /K 1402 /Pg 22 0 R >> /Pg 24 0 R 1449 0 obj /K 1135 756 0 R null 757 0 R null 758 0 R 759 0 R null 760 0 R null 761 0 R /S /Artifact /Pg 24 0 R /P 6308 0 R Hewlett-Packard Company << 1210 0 obj >> /K 14 /Pg 15 0 R << /S /Artifact << << /Pg 15 0 R 761 0 obj >> /S /P /Pg 25 0 R endobj /Pg 22 0 R /K 538 /S /Artifact 2000 0 obj << /Pg 22 0 R /S /P /S /Artifact << endobj endobj >> 2460 0 obj endobj << /Pg 18 0 R /S /P /Pg 23 0 R /Pg 25 0 R /Pg 25 0 R /K 1214 /Pg 23 0 R /S /P 1424 0 obj 547 0 obj >> /K 749 3538 0 obj >> /K 10 0 R 1858 0 R null 1859 0 R null 1860 0 R null 1861 0 R 1862 0 R null 1863 0 R /Lang (EN-US) /Pg 22 0 R /S /Artifact <> << 454 0 obj 2527 0 obj /K 70 << /S /P 227 0 R 228 0 R 229 0 R 230 0 R 231 0 R 232 0 R 233 0 R 234 0 R 235 0 R 236 0 R << >> /P 5756 0 R >> << endobj << 3690 0 obj >> /P 5283 0 R /P 33 0 R /Pg 22 0 R >> /S /P << /Pg 22 0 R >> /S /Artifact /Lang (EN-US) >> /K 881 /P 5822 0 R << /P 4962 0 R /S /Artifact /K 630 /K 1231 3450 0 obj /Pg 24 0 R endobj /K 1127 endobj /Lang (EN-US) /Pg 13 0 R <> /K 23 /K 300 /Pg 16 0 R /Lang (EN-US) /K 904 /S /P /P 5451 0 R /Pg 22 0 R /K 1467 /P 6495 0 R 1943 0 obj /Pg 23 0 R /K 1468 endobj 3270 0 obj endobj /S /P >> >> 4012 0 obj 3247 0 obj /Pg 24 0 R /S /P /Pg 23 0 R >> /P 5656 0 R /P 4970 0 R << 4153 0 obj endobj /Lang (EN-US) endobj /S /P /Pg 14 0 R /P 4829 0 R /K 188 /S /Artifact /S /P endobj endobj /P 5683 0 R /S /Artifact 1475 0 obj /K 732 /S /P /Lang (EN-US) /P 5895 0 R /S /P 448 0 R null null 449 0 R null null 450 0 R null null null 3321 0 obj >> /P 5256 0 R << 4033 0 obj 1970 0 obj /S /L /Pg 24 0 R /K 494 2475 0 obj /Pg 25 0 R 2123 0 obj endobj /Pg 18 0 R /K 1261 >> /Lang (EN-US) << /S /P /K 705 /S /Artifact /K 1234 /Pg 24 0 R /K 6 Direct Lending) >> 3441 0 obj /Pg 25 0 R 1092 0 obj /P 4405 0 R /S /P /K 166 << /S /P 753 0 obj 3161 0 obj >> endobj << >> >> /K 1245 >> endobj /S /Artifact /K 239 /P 6555 0 R /P 4697 0 R /Lang (EN-US) /K 376 /S /Artifact 169 0 R 170 0 R 171 0 R null 441 0 R null 442 0 R null null null << /K 140 3930 0 obj << /K 106 /K 19 2994 0 obj >> /K 59 /K 1544 >> /Pg 18 0 R /S /Artifact /Pg 18 0 R 2163 0 obj << >> /S /P 1479 0 obj 3607 0 obj << 3733 0 obj /Lang (EN-US) /P 5105 0 R << /S /Artifact /K 543 /Pg 25 0 R >> 1697 0 obj << /Pg 24 0 R endobj endobj 2194 0 obj << /Pg 22 0 R endobj endobj /S /P << >> << 1068 0 obj endobj /S /P /K 347 /P 89 0 R /S /Artifact null null null null null null null null null null /Pg 21 0 R 2825 0 obj 1774 0 obj /Pg 23 0 R /Pg 22 0 R <> /Pg 23 0 R /S /Artifact 659 0 obj /K 988 /Pg 25 0 R /Pg 24 0 R /K 15 endobj /S /P /Pg 23 0 R /K 8 455 0 obj /Pg 23 0 R /Pg 21 0 R /Lang (EN-US) /Pg 25 0 R endobj /Pg 24 0 R /K 183 /Pg 22 0 R /Pg 13 0 R << endobj /S /P << << << /Pg 24 0 R endobj endobj /S /P /S /Artifact /Pg 23 0 R /K 1216 2081 0 obj /Pg 25 0 R >> /S /P << /Lang (EN-US) >> /Lang (EN-US) << /Pg 25 0 R /Pg 25 0 R /Pg 22 0 R << >> /S /P /S /P endobj 3259 0 obj /Pg 24 0 R /Pg 16 0 R 3364 0 obj /S /P /Lang (EN-US) 536 0 obj /Type /Page /P 4895 0 R 526 0 R null 527 0 R 528 0 R null 529 0 R 530 0 R null 531 0 R null /Pg 22 0 R >> 694 0 obj /K 88 /Pg 24 0 R /S /Artifact /K 49 539 0 obj /S /Artifact endobj /K 944 974 0 obj /P 6674 0 R 2818 0 obj << /Pg 24 0 R endobj >> >> /Lang (EN-US) >> /K 1056 >> /S /Artifact endobj 1336 0 R 1336 0 R 1337 0 R 1338 0 R 1339 0 R 1340 0 R 1341 0 R 1342 0 R 1343 0 R 1344 0 R /Pg 25 0 R /Pg 24 0 R /K 770 For example, the Russell 1000 Value and Growth /Pg 17 0 R /Pg 13 0 R << /K 111 >> /S /Artifact /S /Artifact /S /P /Pg 24 0 R 3966 0 obj << /K 36 D:20220524090108 >> << 1764 0 obj 2234 0 obj 1651 0 obj endobj endobj << << /K 1495 endobj /P 5156 0 R << /Lang (EN-US) /Pg 25 0 R /Pg 24 0 R /K 1500 >> >> /Pg 24 0 R /K 30 /S /Artifact << /Pg 20 0 R << endobj endobj /Pages 4 0 R /K 1102 endobj /K 1132 null null 3750 0 R null null null 3751 0 R null 3752 0 R null >> >> endobj /K 1311 /S /Link endobj endobj /P 10 0 R << /Lang (EN-US) /S /P << endobj /K 406 /K 1395 endobj /Pg 24 0 R /Pg 25 0 R /Pg 24 0 R 3891 0 obj <> >> 3253 0 obj /K 311 << << /Pg 24 0 R 2464 0 obj /K 1432 /Pg 25 0 R /K 22 /Pg 25 0 R /K 129 << /S /P >> /K 1187 << 1644 0 obj /S /Artifact /Lang (EN-US) 3376 0 obj /S /P << 1906 0 obj /K 593 /Pg 18 0 R endobj /P 4928 0 R /Lang (EN-US) endobj >> >> /K 183 /Pg 25 0 R >> << endobj /P 6641 0 R endobj /P 10 0 R endobj 801 0 obj /S /P /K 1071 << << /Pg 24 0 R << 457 0 obj /P 5758 0 R /S /Artifact /S /P /K 1500 endobj endobj /Pg 22 0 R /Pg 25 0 R /K 927 /S /Artifact endobj endobj /S /Artifact /K 908 /S /P 1808 0 obj endobj /Lang (EN-US) >> << /K 1248 /P 6120 0 R << /Pg 22 0 R /Pg 23 0 R endobj /S /P /K 1384 /P 6532 0 R 2681 0 obj /P 5740 0 R /S /P /S /P << endobj << 2703 0 obj /Pg 24 0 R /Pg 23 0 R 2230 0 obj 1604 0 obj /S /P << 4037 0 R 4038 0 R 4039 0 R 4040 0 R 4041 0 R 4042 0 R 4043 0 R 4044 0 R 4045 0 R 4046 0 R /P 6580 0 R null null 3613 0 R null null null 3614 0 R null 3615 0 R null << /Pg 22 0 R endobj endobj /Lang (EN-US) It is often said policy takes around 6-12 months to take effect. << endobj /S /P endobj << >> null 3767 0 R null 3768 0 R 3769 0 R null 3770 0 R null 3771 0 R null /S /P << endobj << 4083 0 obj /Pg 22 0 R /S /P >> 2728 0 obj /Pg 24 0 R endobj /P 5795 0 R CDLI Quote - Cliffwater Direct Lending Index - Total Return - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Asia Bloomberg Daybreak Asia. /Lang (EN-US) >> 3669 0 obj endobj 570 0 obj /Pg 23 0 R << /K 462 << /S /P >> /P 6267 0 R /Lang (EN-US) >> << << /S /P << /Lang (EN-US) endobj /S /P /Lang (EN-US) /S /P /Pg 22 0 R endobj /S /P <> 4331 0 obj /K 1394 Cliffwater is an alternative investment adviser and fund manager. 2176 0 obj 11 [311 0 R null 313 0 R null 1546 0 R null null 1547 0 R null null /Pg 25 0 R 3688 0 obj endobj /K 687 /Pg 25 0 R /Lang (EN-US) >> /Lang (EN-US) >> endobj 760 0 obj /Lang (EN-US) 3409 0 obj /S /P 3412 0 obj 4023 0 obj /Lang (EN-US) >> /Lang (EN-US) /S /Artifact /S /P /Pg 18 0 R /Pg 22 0 R /Lang (EN-US) /K 91 endobj /P 6668 0 R /P 5886 0 R endobj /K 1441 /K 1099 /P 5345 0 R /K 31 1812 0 obj /Lang (EN-US) endobj /Pg 24 0 R /S /Artifact /P 6082 0 R << >> >> endobj << 9 [263 0 R 264 0 R 265 0 R 266 0 R 267 0 R 268 0 R 269 0 R 270 0 R 271 0 R 272 0 R << /S /Artifact << << /S /Artifact << endobj /P 10 0 R /Lang (EN-US) 4050 0 obj /K 24 endobj >> 2393 0 R 2394 0 R 2395 0 R 2396 0 R 2397 0 R 2398 0 R 2399 0 R 2400 0 R 2401 0 R 2402 0 R /K 1413 /K 1128 /S /Artifact /S /P /Pg 24 0 R <> /K 1262 /K 584 /S /P /Pg 24 0 R /S /P /Lang (EN-US) /S /Artifact >> 4166 0 obj 3274 0 obj >> >> /Lang (EN-US) >> /Pg 18 0 R /Pg 25 0 R endobj 2316 0 obj The Cliffwater Direct Lending index, which represents $260 billion in private credit assets, unlevered, returned 6.6% for the 12 months ended Sept. 30, compared to 14.25% for the prior 12-month . /Lang (EN-US) endobj /S /P endobj endobj /K 1460 /K 689 <> /S /P >> /K 73 >> /K 872 /K 776 <> /S /Artifact << >> 1660 0 obj /Pg 23 0 R /Lang (EN-US) /S /Artifact /Pg 24 0 R /S /P >> >> >> /S /P >> null null null 3529 0 R null null null 3530 0 R null 3531 0 R /S /Artifact /K 701 /S /P << /Pg 23 0 R >> endobj /P 5159 0 R /K 1270 /S /Artifact >> 3299 0 obj /S /Artifact /Pg 17 0 R /Pg 24 0 R >> /S /Artifact /K 460 /P 6123 0 R << /K 1247 >> << endobj /Pg 23 0 R >> 595 0 obj /S /P endobj endobj /K 755 >> /S /P /Lang (EN-US) /K 1150 /Pg 25 0 R /K 1152 << /Pg 24 0 R /Pg 22 0 R endobj /P 4991 0 R /K 1478 << << >> >> 3802 0 obj 1833 0 obj /P 5700 0 R >> Opportunities in Corporate Direct Lending", 2019. >> /K 2 /K 30 >> endobj /Pg 24 0 R >> /K 542 endobj /P 4896 0 R /P 4710 0 R >> /S /Artifact 4038 0 obj /Pg 23 0 R /Lang (EN-US) endobj /Pg 22 0 R << /Pg 23 0 R /Lang (EN-US) << endobj 2523 0 obj 297 0 obj << endobj /S /Artifact /Lang (EN-US) /Pg 22 0 R /P 5455 0 R /S /P /S /Artifact /P 5021 0 R /K 1107 /Lang (EN-US) /K 1521 endobj null 568 0 R null null null null null null null null endobj /Pg 24 0 R << /S /Artifact /Pg 20 0 R << /S /P 1654 0 obj endobj endobj /Pg 25 0 R /Pg 24 0 R 4114 0 obj /K 121 /Pg 22 0 R /Pg 22 0 R /Pg 22 0 R 2967 0 obj << /Pg 25 0 R << 3629 0 obj /Lang (EN-US) /Pg 24 0 R 2877 0 obj 1469 0 obj >> /P 5478 0 R /Pg 24 0 R /K 460 endobj /Lang (EN-US) /Lang (EN-US) >> /Lang (EN-US) /Pg 25 0 R << /ParentTree 11 0 R >> /K 535 >> 187 0 obj << /Lang (EN-US) >> /S /P /Pg 18 0 R /Lang (EN-US) 2365 0 obj endobj >> /K 907 /S /Artifact 490 0 obj /P 5358 0 R /K 927 /K 1269 /K 34 << >> << >> << 2080 0 obj /S /Artifact /Pg 17 0 R /S /P 793 0 obj /Lang (EN-US) /Pg 22 0 R << /Lang (EN-US) << /K 632 << >> >> 153 0 R 154 0 R 155 0 R 156 0 R null 439 0 R null 440 0 R null 157 0 R /Lang (EN-US) /Pg 22 0 R /P 5267 0 R /Pg 24 0 R /S /Artifact << /K 371 >> endobj /Lang (EN-US) >> 1176 0 obj /S /P << /Pg 23 0 R << /S /P << 3126 0 obj /K 809 /P 5195 0 R /K 1017 << << /K 1314 /K 179 << >> /Lang (EN-US) /K 797 /Pg 22 0 R endobj endobj endobj 4016 0 obj >> /K 30 2263 0 obj >> /P 5565 0 R /S /P 1344 0 obj 3637 0 obj /Pg 20 0 R endobj 3056 0 obj << /K 1318 /K 1152 /S /Artifact 446 0 obj endobj >> >> >> /Lang (EN-US) >> << endobj << /Pg 24 0 R /Lang (EN-US) /P 6531 0 R /Lang (EN-US) endobj /P 6063 0 R /S /Artifact >> /K 1197 /Lang (EN-US) endobj /K 791 >> << >> /P 5019 0 R /S /P /Pg 25 0 R /S /P >> /P 4730 0 R /K 1474 684 0 obj /K 994 /Pg 15 0 R /K 142 << 3461 0 obj << 1656 0 obj /P 5530 0 R /S /Artifact << >> /Lang (EN-US) >> /Pg 22 0 R << 3646 0 obj >> 7 0 obj /Lang (EN-US) /P 5247 0 R 2951 0 obj /Filter /FlateDecode 2742 0 obj /P 5710 0 R /Lang (EN-US) endobj >> /K 1421 /S /P 961 0 obj >> >> /Pg 25 0 R <> >> >> /S /P /P 4981 0 R /K 1290 2749 0 obj endobj /Lang (EN-US) endobj /K 1206 /Pg 25 0 R << /Resources 4379 0 R /S /P /Pg 22 0 R >> >> /P 5941 0 R /K 1476 /K 25 /P 5235 0 R /S /Artifact /S /Artifact /S /P /P 5317 0 R /P 5616 0 R >> endobj /K 1448 2357 0 obj /S /Artifact /Pg 22 0 R 1347 0 obj /P 6268 0 R << endobj /Pg 24 0 R /Pg 23 0 R >> /S /P /Pg 25 0 R >> /Pg 14 0 R endobj >> endobj /Pg 23 0 R /S /P << << /P 6535 0 R /S /Artifact << 3343 0 obj 1972 0 obj /K 1123 /P 5424 0 R /Pg 23 0 R /Lang (EN-US) << /S /P /Lang (EN-US) null 2553 0 R null 2554 0 R null 2555 0 R null 2556 0 R null 2557 0 R /P 6542 0 R 2392 0 obj /P 4403 0 R << >> endobj /P 6151 0 R /K 1296 /K 661 3798 0 obj << /S /Artifact endobj /S /P << /Pg 23 0 R << /Pg 22 0 R endobj /Lang (EN-US) << /S /P endobj /Pg 23 0 R endobj endobj >> /Pg 25 0 R /K 1549 /S /Artifact 2551 0 obj << 1888 0 obj >> /S /Artifact /Pg 25 0 R >> endobj /K 109 /Pg 24 0 R >> 2690 0 obj 4041 0 obj /Lang (EN-US) /S /P /K 1216 endobj 2605 0 obj /P 6672 0 R /S /P USA & International; Australia; Canada; France; >> /P 5246 0 R /Pg 25 0 R /S /P 2589 0 obj /P 5871 0 R /S /P /S /P << /K 51 << endobj /K 21 << /Pg 25 0 R /P 10 0 R << /Pg 22 0 R 2413 0 obj endobj /K 30 /Pg 25 0 R /S /P 4286 0 obj >> /K 657 /Rotate 0 endobj /K 1010 >> 327 0 R 328 0 R 329 0 R 330 0 R 331 0 R 332 0 R 333 0 R 334 0 R 335 0 R 336 0 R >> endobj /S /P >> /P 5401 0 R >> endobj >> /S /Artifact endobj /Pg 16 0 R /S /Artifact /K 279 3771 0 obj /Lang (EN-US) endobj /S /P endobj /Pg 22 0 R /Pg 22 0 R /S /Artifact /P 6310 0 R 3830 0 obj /Lang (EN-US) >> /P 6366 0 R >> /Pg 23 0 R << endobj /K 196 /K 1376 /Pg 22 0 R /P 6465 0 R /K 732 << /Lang (EN-US) << /Pg 25 0 R /K 1249 endobj << << >> << /S /P >> endobj 2379 0 obj The unsmoothed volatility adjustment for the CDLI is 4.5%, which is roughly less than that of the blended public credit index (shown in Exhibit C). /S /P /Pg 15 0 R /Pg 17 0 R endobj 4306 0 obj << /Pg 24 0 R >> 3465 0 obj >> /K 1313 /K 980 /Pg 22 0 R 1649 0 obj /P 6136 0 R >> /P 5858 0 R endobj /S /Artifact endobj /Pg 24 0 R /S /P /Pg 20 0 R /Lang (EN-US) endobj /K 1357 << >> << /Pg 24 0 R 3665 0 obj /S /Artifact /Pg 19 0 R << 1406 0 obj /K 1483 >> /Lang (EN-US) >> << << << /Pg 25 0 R << endobj /Lang (EN-US) /S /P endobj >> << 3320 0 obj 3546 0 obj 2309 0 obj 2716 0 obj 1572 0 obj >> 2000 0 R null 2001 0 R null 2002 0 R null 2003 0 R null 2004 0 R null << /Pg 25 0 R /S /P /P 6236 0 R 2548 0 obj /Pg 24 0 R /P 10 0 R null 770 0 R 771 0 R null 772 0 R null 773 0 R null 774 0 R null << /S /P /S /Artifact /P 4793 0 R << << /S /P /S /Artifact >> /K 873 /Pg 25 0 R /K 1506 endobj 4179 0 obj /P 10 0 R /Lang (EN-US) We are proactive with our advice and recommendations to clients so they may achieve desired outcomes. 658 0 obj >> >> 836 0 obj /P 4839 0 R /P 5481 0 R /S /P endobj /P 4919 0 R 3079 0 obj << 3413 0 obj >> endobj /S /P 2499 0 obj endobj /Pg 24 0 R << 207 0 obj << Patrick Wolfe, Managing Director, is a member of Blackrock's Global Credit Platform. endobj >> 3658 0 obj /S /P << /Pg 25 0 R endobj /Pg 23 0 R >> /Pg 25 0 R /Lang (EN-US) /Pg 17 0 R /K 351 /Lang (EN-US) endobj << << /S /P /S /Figure endobj /P 5841 0 R << >> /K 1338 /P 5842 0 R /S /P endobj /Pg 23 0 R /K 1428 << << /S /P << << << /Lang (EN-US) /S /Artifact /Lang (EN-US) /K 803 >> /P 6033 0 R << /S /P >> 329 0 obj /S /P /K 356 /P 5084 0 R >> /P 10 0 R << >> /Pg 22 0 R /K 487 endobj /S /P >> /S /P 1994 0 obj /Pg 24 0 R /Pg 22 0 R /Pg 24 0 R << /K 246 /K 34 219 0 obj << 3980 0 obj 30 542 0 R] /S /P /Pg 24 0 R 2448 0 obj << /Pg 22 0 R endobj /Pg 25 0 R <> /Pg 25 0 R << endobj << 1866 0 obj /S /Artifact >> /Pg 23 0 R 4087 0 obj >> /Pg 13 0 R >> << >> 257 0 R 258 0 R 259 0 R 260 0 R 261 0 R 262 0 R 263 0 R 264 0 R 265 0 R 266 0 R endobj /K 298 400 0 obj /Pg 23 0 R /Pg 24 0 R /S /P endobj /S /Artifact endobj /P 5232 0 R 346 0 obj 324 0 obj 2657 0 obj /Pg 23 0 R /K 72 /Pg 25 0 R /S /Artifact << endobj /S /Artifact /Lang (EN-US) >> /K 709 endobj /S /Artifact /K [189 4746 0 R] 2737 0 obj >> >> /K 160 >> 4524 0 R] /K 58 /Pg 22 0 R << 3535 0 obj /K 986 >> endobj /S /Artifact >> endobj /K 1331 endobj << /K 249 /Pg 25 0 R 5 [140 0 R 142 0 R 143 0 R 144 0 R 145 0 R 147 0 R 149 0 R 150 0 R 151 0 R 152 0 R >> endobj << /S /P /Pg 22 0 R /P 145 0 R << endobj /Pg 23 0 R /S /P /Lang (EN-US) 4191 0 obj /K 1414 /K 718 /Pg 24 0 R /Pg 25 0 R endobj /S /P << << endobj >> /K 5 /P 4720 0 R /Pg 23 0 R >> endobj /Pg 25 0 R null null null 422 0 R null null null 423 0 R null null << /S /P /P 5442 0 R endobj /S /P >> /Lang (EN-US) endobj /Pg 18 0 R /S /Artifact /K 605 293 0 obj /Pg 24 0 R /StructParents 5 /Pg 22 0 R /Pg 22 0 R /S /P 3572 0 obj /S /Artifact /P 10 0 R endobj 3766 0 obj /K 1454 /S /Artifact /S /P /Lang (EN-US) >> /K 759 endobj << /Lang (EN-US) /S /P /S /P endobj /S /P >> endobj /K 759 /K 507 /Pg 24 0 R << /Lang (EN-US) << >> >> /P 6434 0 R 3057 0 obj /Lang (EN-US) 2938 0 obj /K 260 /Lang (EN-US) 3394 0 obj 1880 0 R null 1881 0 R null 1882 0 R null 1883 0 R null 1884 0 R null >> 2014 0 obj /K 521 /Lang (EN-US) /Pg 23 0 R /P 5578 0 R >> >> >> 2890 0 obj null 691 0 R null null null 692 0 R null null null 693 0 R /K 551 << 2331 0 obj endobj << << 718 0 obj 4112 0 obj /Pg 24 0 R 3691 0 obj /K 1136 << << 3587 0 obj /Pg 23 0 R /K 55 /S /P << endobj /T () /S /P /S /P 4273 0 obj endobj /K 914 /P 6559 0 R 1512 0 obj << /K 1481 endobj >> >> /K 331 endobj /P 6330 0 R endobj /K 1521 /Pg 24 0 R /P 5079 0 R >> >> /K 509 endobj 1463 0 obj >> 707 0 R null 708 0 R null 709 0 R null 710 0 R 711 0 R null 712 0 R /Pg 25 0 R /K 1165 /Pg 24 0 R /Lang (EN-US) 3085 0 obj /K 1440 /K 1223 /K 1234 3373 0 obj << /Lang (EN-US) /P 4948 0 R 1739 0 obj >> endobj >> /Pg 23 0 R endobj endobj endobj /Lang (EN-US) /K 82 /P 6578 0 R endobj 412 0 obj /K 34 >> << 4335 0 obj /K 418 >> << 1981 0 obj /Pg 24 0 R /S /P << /Pg 24 0 R /S /Artifact >> endobj /Lang (EN-US) 1798 0 obj /S /Artifact /S /P /K 140 endobj endobj /Lang (EN-US) /P 6676 0 R 2700 0 obj /K 333 /Lang (EN-US) >> /K 454 >> endobj /Tabs /S /S /P >> 2487 0 obj 4163 0 obj /S /Table endobj /S /Artifact /S /Artifact >> 624 0 obj << endobj /K 1248 /K 1010 6 [173 0 R 174 0 R 175 0 R 176 0 R 177 0 R 178 0 R null 447 0 R null null /P 6258 0 R >> 865 0 R null 866 0 R null 867 0 R null 868 0 R null 869 0 R null /Lang (EN-US) endobj >> /K 472 /K 78 << << << << /Pg 25 0 R /P 10 0 R 3324 0 obj /Lang (EN-US) endobj /Lang (EN-US) 693 0 obj << /Pg 24 0 R /Lang (EN-US) >> << >> 2760 0 obj /Pg 22 0 R 1076 0 obj << 823 0 obj >> /S /Artifact /Lang (EN-US) /S /P >> << /S /P /S /Artifact /Pg 24 0 R /Pg 23 0 R /P 5767 0 R /Pg 23 0 R << << << 3353 0 obj endobj endobj /K 668 /Lang (EN-US) /K 1324 /S /P /S /P endobj endobj /Lang (EN-US) /Pg 23 0 R endobj endobj /Pg 22 0 R /Lang (EN-US) /K 1232 /S /P << << /Lang (EN-US) /Pg 24 0 R /Lang (EN-US) endobj /S /P << 2782 0 obj 1100 0 obj (12-month) Source: Morningstar, Cliffwater Direct Lending Index, Morningstar LSTA US Leveraged Loan Index. endobj /P 10 0 R /Lang (EN-US) /Lang (EN-US) /S /P endobj 2599 0 obj endobj /Lang (EN-US) /P 6129 0 R >> /S /P 2099 0 obj endobj /Pg 22 0 R /S /Artifact /Lang (EN-US) << /Lang (EN-US) 2015 0 obj << /Lang (EN-US) >> /P 10 0 R << /K 1410 << /Pg 23 0 R << >> >> /P 5384 0 R /Lang (EN-US) /Pg 23 0 R /S /P << endobj /Lang (EN-US) >> /K 751 /Pg 24 0 R /S /P << 3723 0 R null 3724 0 R null 3725 0 R null null null 3726 0 R null 1003 0 obj 3462 0 obj /P 5386 0 R /K 1052 /S /Artifact /Lang (EN-US) << /S /P /P 6306 0 R /Lang (EN-US) endobj /Pg 25 0 R /S /P /P 5290 0 R >> >> /S /Artifact 1691 0 R null 1692 0 R null 1693 0 R null null null 1694 0 R null >> /S /Artifact endobj 3581 0 obj null 2670 0 R null null null 2671 0 R null null null 2672 0 R << /S /Artifact /Pg 24 0 R 1658 0 obj << /S /P endobj endobj endobj /Pg 18 0 R /K 1454 /S /Artifact >> /K [41 42 43 44 45] /Pg 22 0 R /Pg 24 0 R /K 194 /P 10 0 R /K 1530 1166 0 obj << /S /P >> 65 0 obj /P 6589 0 R /Pg 19 0 R /S /P /K 370 endobj << 4144 0 R 4145 0 R 4146 0 R 4147 0 R 4148 0 R 4149 0 R 4150 0 R 4151 0 R 4152 0 R 4153 0 R 450 0 obj 4199 0 obj endobj /K 214 /P 4846 0 R >> /Lang (EN-US) /Lang (EN-US) 3020 0 obj /Kids [8 0 R 9 0 R] << /S /Artifact /Pg 23 0 R << 1414 0 obj /P 6242 0 R /S /P << 1977 0 obj /Lang (EN-US) 771 0 obj /Pg 19 0 R /Pg 24 0 R << << << 2541 0 obj /Pg 13 0 R /Pg 25 0 R /Pg 22 0 R null 1664 0 R 1665 0 R null 1666 0 R null 1667 0 R null 1668 0 R null /Lang (EN-US) /S /Artifact 2868 0 R null null null 2869 0 R null 2870 0 R null 2871 0 R null /P 6211 0 R /K 1536 /Pg 24 0 R >> >> /K 44 553 0 obj <> /Lang (EN-US) >> << << /K 399 /Lang (EN-US) /P 5408 0 R /Pg 25 0 R << >> << >> 3567 0 obj /S /P /S /P << 3050 0 obj /Pg 22 0 R 216 0 obj endobj /K 28 /P 5670 0 R stream /Pg 22 0 R /Pg 24 0 R endobj endobj endobj 4 [103 0 R 104 0 R 105 0 R 106 0 R 108 0 R 109 0 R 110 0 R 111 0 R 113 0 R 114 0 R /P 10 0 R /Pg 22 0 R /Lang (EN-US) /Pg 19 0 R /K 1297 /S /Artifact 1282 0 obj /K 58 /S /P /S /P /Pg 25 0 R /K 593 /K 587 /K 1379 << 1001 0 obj endobj endobj /P 6060 0 R /K 1361 endobj /S /P << >> /Pg 23 0 R << endobj >> /S /Link /S /P /K 1299 /Lang (EN-US) << >> >> >> endobj /Lang (EN-US) /P 4796 0 R /S /P endobj /K 17 /P 5164 0 R <> /S /P /A 4745 0 R << 1227 0 obj >> /Lang (EN-US) /Pg 25 0 R >> 910 0 obj /K 1147 /Lang (EN-US) /P 5735 0 R 2418 0 obj /K 352 /Lang (EN-US) /P 5067 0 R 1363 0 obj /Lang (EN-US) /P 4854 0 R >> /P 5337 0 R /Pg 22 0 R 3928 0 obj /Pg 18 0 R endobj /K 921 /K 1423 << /Pg 25 0 R 3392 0 obj /Pg 24 0 R /S /P /P 6690 0 R J.P.Morgan, Guide to Alternatives, 2Q 2020. /K 1472 << << /Pg 24 0 R endobj >> 304 0 obj 2343 0 obj /Pg 24 0 R << << 1558 0 obj /S /P /Pg 23 0 R << /K 1385 >> 2687 0 obj endobj /Pg 23 0 R 43 0 obj >> 3682 0 R null 3683 0 R null 3684 0 R 3685 0 R null 3686 0 R null 3687 0 R /S /P 3824 0 R null 3825 0 R null 3826 0 R null 3827 0 R null 3828 0 R 3829 0 R >> /P 5755 0 R /Pg 14 0 R /Lang (EN-US) >> >> /K 1250 /P 5143 0 R endobj /Pg 24 0 R << endobj /Pg 22 0 R >> /Pg 23 0 R /K 121 /Rect [69.75 410.1940002441 207.7660064697 422.1940002441] /K 1017 << endobj /Lang (EN-US) 3169 0 obj /S /Artifact <> /Border [0 0 0] /K 1290 >> /P 10 0 R /S /Artifact /S /P >> << /Pg 23 0 R >> /S /P 1546 0 obj /K 432 >> /S /Artifact /Pg 25 0 R 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 >> endobj << /Lang (EN-US) /S /Artifact /Pg 25 0 R /P 6412 0 R null 792 0 R null 793 0 R null 794 0 R 795 0 R null 796 0 R null /Lang (EN-US) /Lang (EN-US) /Lang (EN-US) /Lang (EN-US) endobj >> /K 1013 endobj endobj /Pg 18 0 R /K 1349 1602 0 obj >> << /S /Artifact /Pg 23 0 R /Lang (EN-US) /K 137 /P 6732 0 R << /S /Artifact /Pg 23 0 R 75 0 obj endobj endobj << /K 624 endobj /S /Artifact 2208 0 obj /K 1310 3071 0 obj /K 868 /S /P /K 1202 endobj /K 1163 endobj /P 5751 0 R 2770 0 obj endobj 4067 0 obj 3295 0 obj /K 850 /S /P 578 0 obj 833 0 obj >> >> << 1063 0 obj 2284 0 obj /Pg 22 0 R 3904 0 obj 419 0 obj /Pg 13 0 R /S /Artifact null 3411 0 R null 3412 0 R null 3413 0 R null 3414 0 R 3415 0 R null 1168 0 R 1169 0 R 1170 0 R 1171 0 R 1172 0 R 1173 0 R 1174 0 R 1175 0 R 1176 0 R 1177 0 R 680 0 obj /P 5095 0 R >> /P 6221 0 R << << /K 905 /Lang (EN-US) Evaluating the Historical Performance of Cliffwater Direct Lending Index Data (CDLI) Cliffwater, LLC - which provides a range of services in the alternative asset space - created a direct lending index.

Mother In Law Suite For Rent Jacksonville, Fl, Angel Hotel, Abergavenny Afternoon Tea Offers, Coca Cola Toothpaste And Baking Soda Experiment, Marriott Rehire Policy, Symbolism In Superman And Me, Articles C