Cliffwater Corporate Lending Fund Achieves Landmark $30 Billion in Net Assets

Cliffwater Corporate Lending Fund Surpasses $30 Billion in Assets

In a significant milestone, Cliffwater announced that its flagship product, the Cliffwater Corporate Lending Fund (CCLFX), has surpassed $30 billion in net assets as of July 2025. This achievement underscores Cliffwater's commitment to democratizing access to private debt investing for individual investors.

Innovative Investment Approach

Launched in 2019, the CCLFX fund was established with a unique structure enabling broad participation without complex investor qualifications. Unlike traditional funds, CCLFX allows for daily subscriptions, immediate capital deployment, minimal paperwork, and quarterly liquidity. This flexibility has attracted a wide range of investors looking for stable income sources, especially in the current financial environment characterized by economic unpredictability.

The fund primarily invests in private credit, targeting middle-market companies. By providing loans to these firms, CCLFX not only supports business growth but also offers attractive yields for its investors. The fund has generated an annualized return of 9.63% since its inception, making it a compelling option for individuals seeking higher yields than traditional savings or fixed-income options.

Acknowledgment from Leadership

Stephen Nesbitt, the CEO of Cliffwater, expressed gratitude to investors and lending partners, recognizing their contributions to the fund's journey. He noted that the large scale of the fund will continue to yield benefits for investors, particularly through effective cost management and expanded investment opportunities.

Fund's Structure and Compliance

The Cliffwater Corporate Lending Fund is operated as a Delaware statutory trust and is registered under the Investment Company Act of 1940. As a diversified, closed-end management investment company, it aims to provide stable, floating-rate income while protecting investors’ principal across varying market conditions.

As of mid-2025, the fund had nearly $29.7 billion in net asset value and $36.7 billion in gross assets. The investment strategy is centered around senior secured loans, with about 96% of the fund allocated to first lien loans. Such diversification ensures that investors are exposed to more than 3,900 unique private credit borrowers, mitigating risks while enhancing potential returns.

Growth and Future Outlook

Cliffwater LLC, serving as the investment adviser to the fund, has a robust operational framework, with roughly $42 billion in assets under management across various platforms. The firm's research capabilities are well recognized within the financial sector, and it has made significant strides in the realm of private debt.

Looking ahead, Cliffwater plans to continue refining its investment strategies while potentially expanding its offerings in response to market demands. The fund's outstanding performance highlights a growing trend where individual investors are seeking alternative investment avenues that extend beyond conventional market options.

Investing in the Cliffwater Corporate Lending Fund reflects a broader shift towards accessible investment models that prioritize flexibility and consistent returns. As the landscape of personal finance evolves, CCLFX stands as a noteworthy alternative for individual and institutional investors alike, promising both growth and stability in a complex financial environment.

For more information about the fund and its offerings, you can visit Cliffwater’s official website.