For 20 years, Cliffwater has been defining how investors understand and allocate to alternatives. Rooted in industry-evolving research, Cliffwater has become regarded as a leader in …

The CDLI is owned exclusively by Cliffwater, and is protected by law including, but not limited to, United States copyright, trade secret, and trademark law, as well as other state, national, and …

Sep 30, 2025 · Hear Stephen Nesbitt and Fran Beyers' perspective on the third quarter results of the Cliffwater Direct Lending Index and current outlook for U.S. middle market debt.

Apr 25, 2025 · Stephen Nesbitt, a consulting veteran at Wilshire Associates, founded Cliffwater in 2004 not as a fund manager but as a research-intensive advisor to institutional clients.

Apr 16, 2025 · Cliffwater broke into fund management in 2019 with a debut evergreen fund dedicated to private credit across a diverse range of middle-market debt managers.

Cliffwater | 10,761 followers on LinkedIn. An authority on Private Markets | Since 2004, Cliffwater has been a leader in alternatives.

Since 2004, Cliffwater has been a leader in alternatives. Through our proprietary research, continued innovation, and valued reputation, we continue to lead and evolve how institutions …

Jul 22, 2025 · Cliffwater LLC ("Cliffwater", or "the Firm") is an independent alternative investment adviser and fund manager that provides proactive research, advisory, and investment services.

Jul 1, 2023 · Since 2004, Cliffwater has been an innovator in private debt, redefining the asset class with the creation of the Cliffwater Direct Lending Index (CDLI).

Cliffwater provides asset management and advisory services to institutional investors across the alternative investment landscape. The asset management practice houses its private credit …