Cliffwater Welcomes Ryan Madani as Managing Director
On August 6, 2026, Cliffwater, a prominent player in private markets fund management, announced the appointment of Ryan Madani as Managing Director. This strategic addition aims to further fortify the firm's Cascade Real Assets Fund team and enhance its investment capabilities.
Ryan Madani brings nearly a decade of invaluable experience from his previous role at Partners Group, where he expertly navigated the complex landscape of private real estate investment. His expertise includes sourcing, underwriting, structuring, and managing a diverse array of investment transaction types such as secondaries, co-investments, joint ventures, recapitalizations, and primary fund investments. Notably, Madani played a crucial role in transactions that cumulatively represented over $2 billion in equity investments and an impressive total capitalization exceeding $6 billion.
Blake Nesbitt, Co-Head of Asset Management and Chief Investment Officer at Cliffwater, expressed confidence in Madani’s capabilities, stating, “Ryan is a talented investor with deep experience across private real estate. His impressive track record in sourcing and evaluating investment opportunities in real assets aligns with our mission.” This sentiment echoes Cliffwater's commitment to refining their platform and delivering unique investment solutions to clients seeking exposure to private real assets.
Sean Brenan, Head of Real Estate and Portfolio Manager of the Cascade Real Assets Fund, also welcomed Madani enthusiastically: “Ryan's expertise in investment and portfolio construction will significantly enhance our team’s proficiency. His addition comes at a time when investor demand for quality real assets solutions is on the rise.”
The recent appointment of Brenan as Head of Real Estate further signifies Cliffwater's unwavering commitment to its established real assets platform, which boasts over two decades of experience. The Cascade Real Assets Fund team benefits from a highly experienced research team with deep institutional knowledge and substantial industry relationships within private real estate and infrastructure sectors.
About Cliffwater
Founded in 2004, Cliffwater LLC stands as an independent alternative investment adviser and fund manager, clearly evident through its innovative approach to alternative investment strategies. The firm has successfully deployed $136 billion across private markets for its clients, with $19 billion allocated specifically to real assets as of March 31, 2026. Moreover, their private markets interval fund platform is recognized as the largest in the market, comprising $44.1 billion in net assets as of June 30, 2026. As a registered investment adviser with the Securities and Exchange Commission (SEC), Cliffwater continues to shape how investors access alternative investments through its thorough research, proprietary indices, and unique evergreen private markets funds.
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Performance data should be interpreted as past performance and does not guarantee future results, as investment returns and principal value can fluctuate throughout an investment’s lifecycle.