cliffwater direct lending index

-

cliffwater direct lending index

Année
Montant HT
SP
Maîtrise d'ouvrage
Maîtrise d'oeuvre

<< 3518 0 R null 3519 0 R null 3520 0 R null 3521 0 R null 3522 0 R null /P 10 0 R /Lang (EN-US) << 1608 0 obj /Pg 24 0 R 810 0 obj At TCP, Mr. Wolfe launched the middle-market CLO platform taking . endobj /Pg 23 0 R /Lang (EN-US) >> >> >> /Pg 25 0 R /Pg 22 0 R 1804 0 obj /K 1450 955 0 obj 1400 0 obj >> >> << /Lang (EN-US) /S /P /Lang (EN-US) << /S /Artifact /Lang (EN-US) /P 6583 0 R /Lang (EN-US) << >> /Pg 23 0 R /P 10 0 R /S /P CLIFFWATER and the CLIFFWATER LLC logo are trademarks of Cliffwater LLC. /Pg 24 0 R /S /P /Lang (EN-US) endobj >> /K 552 /Pg 23 0 R /K 695 >> << /K 1427 /K 1435 << >> /Lang (EN-US) 998 0 obj /Lang (EN-US) endobj 1877 0 obj /S /P /P 5834 0 R 2116 0 R 2117 0 R 2118 0 R 2119 0 R 2120 0 R 2121 0 R 2122 0 R 2123 0 R 2124 0 R 2125 0 R << /Pg 25 0 R endobj << /Pg 22 0 R 991 0 obj /K 1374 2838 0 obj 332 0 obj /K 1432 << null 691 0 R null null null 692 0 R null null null 693 0 R /Pg 24 0 R << /S /P 1292 0 obj >> 4064 0 obj /P 5517 0 R >> /S /P endobj 1723 0 obj endobj /P 10 0 R 4041 0 obj endobj /Pg 22 0 R << /Pg 22 0 R /Pg 25 0 R 2536 0 obj >> endobj << /Lang (EN-US) /Pg 22 0 R >> /S /Artifact << /S /P /K 1274 /S /P /S /P endobj 3470 0 obj /Pg 20 0 R >> /S /Artifact >> /S /Artifact /K 1454 3020 0 obj /S /P /P 6023 0 R /S /Artifact >> >> << << >> endobj << endobj endobj 598 0 obj << /K 1210 /P 4843 0 R endobj /S /P >> << /Lang (EN-US) /K 1161 /K 1409 /Pg 19 0 R /Pg 23 0 R /P 6162 0 R 3881 0 obj /K 202 /K 1148 1951 0 obj /K 1073 /Pg 24 0 R /K 1342 endobj /K 799 /P 5422 0 R 3571 0 obj /P 5953 0 R >> << endobj /P 6557 0 R 3872 0 obj /K 507 << >> << /Pg 24 0 R /Pg 24 0 R /S /Artifact /P 4767 0 R 2216 0 obj /K 18 /P 6099 0 R /K 1277 /Pg 25 0 R /S /Artifact endobj 2055 0 obj >> /Pg 22 0 R /P 6447 0 R /S /Artifact /K 1390 /P 6185 0 R /S /Artifact endobj 899 0 obj endobj /Pg 22 0 R /Lang (EN-US) /K 707 /K 1450 << 2496 0 obj /S /Artifact /S /P /Pg 25 0 R >> /Resources 4359 0 R 4314 0 obj >> /Lang (EN-US) /S /P /Pg 24 0 R /Pg 24 0 R >> /K 555 /S /Artifact 3287 0 obj /P 152 0 R << /P 5840 0 R 393 0 obj 4197 0 obj endobj 1920 0 obj Morningstar computes standard deviation using trailing quarterly total returns for 15 years. 3805 0 obj /S /Artifact /P 5136 0 R /Pg 24 0 R endobj endobj << << It is often said policy takes around 6-12 months to take effect. 2097 0 obj /Pg 25 0 R /Lang (EN-US) /S /Artifact >> >> /K 1374 << /P 4889 0 R /S /Artifact 2172 0 obj /S /Artifact /K 21 >> /Pg 22 0 R endobj >> 913 0 obj >> >> >> 4200 0 obj >> /Pg 25 0 R /Lang (EN-US) /S /P 1077 0 obj >> /K 1162 /S /P endobj 769 0 obj /K 3 /K 1286 2689 0 obj /Pg 22 0 R /P 6389 0 R /S /P /K 1448 /Lang (EN-US) /K 69 /S /Artifact /K 876 /S /Artifact endobj /K [73 74] /P 5938 0 R << /Pg 22 0 R /S /P >> /S /P << >> endobj /S /Artifact endobj endobj 767 0 obj endobj 3925 0 obj 601 0 obj /K 664 /Pg 24 0 R >> /K 1207 << endobj 2771 0 R null null null 2772 0 R null null null 2773 0 R null /K 526 3499 0 obj 103 0 obj /K 4 /K 30 2518 0 obj /K 894 >> /S /Artifact 3141 0 obj >> 2063 0 obj /K 682 3068 0 obj /K 1529 /K 718 /Pg 23 0 R /S /Artifact Loans are made or arranged pursuant to a California Financing Law license. >> endobj /K 1462 /P 6276 0 R /K 863 /S /P /Lang (EN-US) /S /P endobj /S /P endobj endobj endobj << /P 5901 0 R /S /Artifact /K 1120 << /Pg 22 0 R endobj /Pg 23 0 R 796 0 obj /P 5311 0 R /S /Artifact endobj /S /P 1059 0 obj /K 350 /K 722 /Lang (EN-US) << endobj endobj 3724 0 obj << null 1776 0 R null 1777 0 R null null null 1778 0 R null null /Pg 24 0 R /Pg 22 0 R /A 4406 0 R /S /Artifact /P 5796 0 R /S /P << /P 5931 0 R /K 824 /Lang (EN-US) >> /P 5337 0 R /Pg 22 0 R 1Great Financial Crisis 2008/2009. << /Pg 25 0 R << /K 58 3873 0 R null 3874 0 R null 3875 0 R null 3876 0 R 3877 0 R null 3878 0 R /P 5607 0 R >> << /Lang (EN-US) /Lang (EN-US) /K 1352 /K 1417 /K 1429 2048 0 obj /S /P endobj << endobj 3667 0 obj >> /Type /Page endobj endobj /P 5800 0 R /S /P << /Pg 25 0 R /Lang (EN-US) /K 801 /P 6655 0 R endobj 2754 0 obj /S /P /S /Artifact /Lang (EN-US) << /P 5299 0 R /Lang (EN-US) /S /Artifact << 1778 0 obj /Lang (EN-US) /K 1485 /P 10 0 R /S /P /S /Artifact /Lang (EN-US) /S /Artifact >> /P 4931 0 R >> 1717 0 obj /K 886 /S /Artifact /K 2 >> /S /Artifact /Pg 18 0 R /K 514 /P 5375 0 R /P 10 0 R endobj /K 30 >> /K 1083 >> /K 1400 /K 1325 2059 0 obj endobj << << /S /P endobj /P 5393 0 R /P 6455 0 R /P 6419 0 R endobj The Cliffwater Direct Lending Index (CDLI) prior quarter return explains only 8% of the index's current quarter return. /S /P endobj /Lang (EN-US) << /Pg 25 0 R /Pg 25 0 R /P 10 0 R endobj /K 101 /K 9 /Lang (EN-US) endobj endobj >> /Pg 25 0 R /K 776 2633 0 obj /Type /Page endobj /K 216 /Pg 24 0 R /Producer (Adobe PDF Library 22.1.149) 2823 0 obj << 2213 0 obj endobj /Lang (EN-US) /K 1291 /Lang (EN-US) /Pg 23 0 R /K 1540 /Lang (EN-US) << << /K 641 /K [39 40 41 42 43 44] >> /Pg 24 0 R /K 34 /K 100 3902 0 obj endobj /S /P /P 10 0 R /Lang (EN-US) 2542 0 obj endobj endobj /Lang (EN-US) << /K 136 /K 729 endobj /Pg 20 0 R /Lang (EN-US) /S /Artifact /K 1327 /K 376 /S /P << based upon the market price or level of an index, or the market price or value of a security, currency, commodity, or financial instrument. 625 0 obj /ModDate (D:20220524030506-06'00') endobj /K 1534 /Lang (EN-US) /Pg 23 0 R 1926 0 R null null null 1927 0 R null null null 1928 0 R null /Lang (EN-US) /P 10 0 R >> << 3317 0 obj << >> >> >> >> /S /P /K 798 endobj /Lang (EN-US) endobj /Pg 25 0 R /Lang (EN-US) 3483 0 obj endobj /Pg 22 0 R /S /P endobj << /K 1475 /S /P 752 0 obj 295 0 obj >> 1940 0 obj /Pg 22 0 R /S /P /P 6083 0 R << /Lang (EN-US) << << /Pg 23 0 R /K 1338 << 2207 0 obj << /K 570 /K 1415 /P 5531 0 R << << /K 1396 /Pg 25 0 R endobj /P 10 0 R << << << /Pg 15 0 R /Pg 25 0 R /S /Artifact /K 1163 /S /P /K 62 835 0 obj /Pg 23 0 R 1463 0 obj /Lang (EN-US) endobj /Pg 21 0 R << >> /Lang (EN-US) /Pg 25 0 R /Pg 23 0 R endobj 2039 0 obj << /P 5935 0 R /Lang (EN-US) /Pg 25 0 R >> 3266 0 obj << 2023. endobj 3282 0 obj /Pg 24 0 R /Lang (EN-US) 3199 0 obj /S /P endobj 4175 0 obj /Pg 24 0 R << << /Lang (EN-US) /Lang (EN-US) << 1364 0 obj << /Pg 23 0 R >> >> 1977 0 obj >> 3425 0 obj 1623 0 R null 1624 0 R null 1625 0 R null 1626 0 R null 1627 0 R null >> endobj /K 1423 /K 1039 /Pg 25 0 R >> /P 6560 0 R endobj /K 1348 << /Pg 22 0 R /K 791 << << /K 688 /S /P /Pg 24 0 R << << 3080 0 obj /K 1375 /Pg 24 0 R >> /Pg 22 0 R >> /P 4875 0 R >> /S /Artifact /K 153 << /Lang (EN-US) endobj endobj >> << /Pg 24 0 R << >> >> 1385 0 obj /K 491 /S /P /S /Artifact 3313 0 obj /A 4671 0 R /S /Artifact >> 2321 0 obj 1691 0 obj /Lang (EN-US) 3659 0 obj >> /Pg 25 0 R /K 662 /S /P /K 129 /Lang (EN-US) << null 3696 0 R 3697 0 R null 3698 0 R null 3699 0 R null 3700 0 R null << << /S /P /Pg 25 0 R >> /Pg 24 0 R << >> /K 1338 >> << /S /P 3060 0 obj /Pg 22 0 R /Pg 22 0 R >> << 2380 0 obj /Pg 25 0 R << /Lang (EN-US) /Pg 22 0 R /K 840 endobj << endobj 2220 0 obj Stephen Nesbitt provides an overview of the Cliffwater Direct Lending Index ("CDLI"), an asset-weighted index of 11,884 directly originated middle market loans totaling $264 billion. /Pg 23 0 R /Pg 25 0 R /Pg 22 0 R /Lang (EN-US) /K 342 << /K 1493 /P 4651 0 R 3576 0 obj << /Pg 23 0 R /Lang (EN-US) /S /Artifact /Pg 25 0 R /S /Artifact 2566 0 R null 2567 0 R null 2568 0 R null 2569 0 R 2570 0 R null 2571 0 R /P 5610 0 R 947 0 obj << /Pg 22 0 R endobj >> << endobj /Lang (EN-US) 3620 0 obj << 2568 0 obj endobj /S /P 1265 0 obj /K 765 /Pg 22 0 R /K 534 << << /Lang (EN-US) 3126 0 obj /Lang (EN-US) /Pg 16 0 R /S /Artifact 2453 0 R 2454 0 R 2455 0 R 2456 0 R 2457 0 R 2458 0 R 2459 0 R 2460 0 R 2461 0 R 2462 0 R << /S /P /Pg 24 0 R /S /P /P 4658 0 R /P 5518 0 R endobj /Lang (EN-US) /Pg 24 0 R endobj >> /Pg 24 0 R endobj /S /Artifact 1395 0 obj /Contents 4374 0 R /P 5903 0 R 385 0 obj /Pg 23 0 R /Pg 24 0 R 3759 0 obj /P 5407 0 R /Lang (EN-US) /Pg 18 0 R /K 1349 /K 1307 /Pg 23 0 R /P 5086 0 R /S /Artifact /Pg 24 0 R /Pg 22 0 R /Pg 25 0 R endobj << >> >> >> /Pg 25 0 R << >> endobj 220 0 obj >> /S /P endobj /S /Artifact 592 0 obj >> /Pg 22 0 R /S /P 3449 0 obj null null null 3626 0 R null 3627 0 R null 3628 0 R null 3629 0 R endobj /Lang (EN-US) 1638 0 obj /P 4961 0 R endobj endobj /K 214 /S /P /Lang (EN-US) >> /Pg 23 0 R /Pg 25 0 R /S /Artifact 3510 0 obj endobj endobj 157 0 obj /Pg 24 0 R /K 1499 /P 10 0 R << /P 6161 0 R /S /Artifact /S /P endobj /K 701 << endobj << /P 5210 0 R << endobj endobj /K 1422 << /S /Artifact HW]o[7}M^(-v-4*!,*kB8%gfnsyo9yr{'>n#>I`E2IQy0fL?o8Yr|o=={+'KF,/+/4~,$Ze\GOsGt&eC!Zh Z%{nw/!+Fn >> >> /K 1165 2615 0 R null 2616 0 R null 2617 0 R 2618 0 R null 2619 0 R null 2620 0 R endobj /S /P /Lang (EN-US) >> >> >> << /Lang (EN-US) /K 14 << >> null null 961 0 R null null null 962 0 R null 963 0 R null /K 44 endobj >> endobj /K 140 endobj << /S /P /Pg 22 0 R /P 6376 0 R /Lang (EN-US) 4093 0 obj 456 0 obj endobj /Pg 18 0 R /K 809 endobj /P 5016 0 R << /S /P >> endobj endobj /P 10 0 R /Pg 22 0 R >> 1594 0 obj J.P.Morgan, Guide to Alternatives, 2Q 2020. /Pg 22 0 R /K 1351 /K 1529 << /P 5587 0 R >> /Lang (EN-US) << endobj /S /P /S /P /K 1536 /S /Artifact /K 1409 << /S /P /S /P /Pg 22 0 R 3522 0 obj >> << 2605 0 obj /S /P endobj null null null 974 0 R null 975 0 R null 976 0 R null 977 0 R endobj /Pg 23 0 R /P 5148 0 R /Pg 24 0 R << endobj 1847 0 obj /S /Artifact /Pg 22 0 R /Lang (EN-US) << /Pg 23 0 R 4032 0 obj /P 5042 0 R /K 192 /P 4983 0 R 3962 0 obj >> << << /S /Artifact /S /P /A 4685 0 R /Pg 24 0 R /K 1035 /Pg 23 0 R 2381 0 obj endobj endobj 426 0 obj /K 1345 >> >> /K 904 /Lang (EN-US) /K 938 /S /P /Pg 25 0 R /P 5627 0 R 1349 0 obj >> /Pg 24 0 R >> Cliffwater for Direct Lending by the Cliffwater Direct Lending Index (CDLI). /K 158 /K 1109 /Lang (EN-US) /Pg 24 0 R /Pg 23 0 R 3433 0 obj /S /Artifact endobj /P 4835 0 R endobj >> /Lang (EN-US) /P 6662 0 R /Pg 19 0 R >> >> endobj /P 4975 0 R /S /Artifact /S /Artifact /Pg 19 0 R << << /Lang (EN-US) << << 3065 0 obj endobj endobj >> /P 6264 0 R /S /P /K 797 /P 4886 0 R /Lang (EN-US) /S /P << 4043 0 obj >> /Pg 20 0 R 1094 0 obj << << /S /Artifact 3414 0 obj /S /Artifact << null 427 0 R null null 100 0 R 101 0 R 102 0 R null 428 0 R null 1008 0 obj >> 2210 0 obj /Pg 24 0 R /Pg 24 0 R /P 4777 0 R << /S /Artifact endobj >> /Lang (EN-US) /Lang (EN-US) /P 5644 0 R /K 1509 >> endobj endobj >> /Pg 23 0 R /K 106 >> /K 1150 endobj 3710 0 obj >> /Lang (EN-US) /Pg 25 0 R /Pg 23 0 R /K 243 /K 1160 << /S /P /K 896 /K 484 << null 3879 0 R null 3880 0 R null 3881 0 R null null null 3882 0 R endobj /Pg 25 0 R endobj /S /P /Lang (EN-US) /Pg 25 0 R /S /Artifact 3887 0 obj << /Lang (EN-US) /Pg 25 0 R endobj /Lang (EN-US) /Pg 24 0 R /Pg 23 0 R /K [37 4670 0 R] /Lang (EN-US) >> /Pg 24 0 R /K 466 /Pg 24 0 R >> 614 0 obj 2664 0 R null 2665 0 R 2666 0 R null 2667 0 R null 2668 0 R null 2669 0 R << endobj /K 169 17 0 obj /P 5345 0 R endobj >> /S /P 3507 0 obj /P 5779 0 R /K 515 /S /Artifact endobj << /K 1529 /K 1152 /K 13 >> 3669 0 obj /Lang (EN-US) /Lang (EN-US) 670 0 obj << >> /S /Artifact endobj /S /P >> endobj endobj /K 1183 /P 5259 0 R /Pg 25 0 R 3633 0 obj << 2152 0 obj /Pg 24 0 R /Pg 24 0 R >> >> << >> /S /Artifact /Pg 23 0 R /P 10 0 R /K 1084 << 3821 0 obj << /Pg 23 0 R 2900 0 obj /Lang (EN-US) >> << << << endobj 1829 0 obj endobj >> /K 357 /Pg 23 0 R /P 4956 0 R /Pg 25 0 R endobj /S /Artifact << /K 793 /K 662 2603 0 obj /P 10 0 R >> /K 1105 /S /Artifact /Pg 22 0 R 2245 0 obj /P 5897 0 R /K 61 /P 5391 0 R /K 1408 endobj endobj endobj endobj /Group 4370 0 R << endobj /K 109 978 0 obj 2238 0 obj /S /P /K 31 3595 0 obj /Pg 22 0 R 3465 0 obj /P 10 0 R << /S /Artifact 2597 0 obj /K 381 endobj 4514 0 R 4515 0 R 4516 0 R 4517 0 R 4518 0 R 4519 0 R 4520 0 R 4521 0 R 4522 0 R 4523 0 R << /S /P /Pg 24 0 R << /S /P /Pg 23 0 R << /P 6229 0 R /P 6122 0 R >> >> /S /Artifact /Pg 20 0 R 2904 0 obj endobj /K 1456 /Pg 25 0 R /Lang (EN-US) >> /S /P 2659 0 obj >> /P 6458 0 R /StructParent 1 /K 293 /P 5009 0 R 3169 0 obj /P 4892 0 R /K 1238 endobj /K 503 1055 0 obj >> endobj << 2628 0 obj << /P 5835 0 R >> /Pg 18 0 R >> 3150 0 obj 1705 0 obj >> /Type /Page /K 792 /S /L << /P 5021 0 R /K 391 3589 0 obj /Pg 25 0 R /S /P endobj /Pg 24 0 R /P 4973 0 R /Pg 25 0 R endobj endobj /S /P /Lang (EN-US) /S /Artifact << >> << endobj endobj /S /Artifact /S /P /S /P /Pg 22 0 R 2883 0 obj /S /P << /Lang (EN-US) /S /Artifact /Lang (EN-US) 2477 0 obj /Pg 23 0 R << << >> << /K 707 3843 0 obj /Pg 23 0 R 2666 0 obj 1305 0 obj /K [1117 1118] << /Lang (EN-US) endobj endobj /Pg 22 0 R /K 108 /K 1524 >> 144 0 obj 1339 0 obj /S /Artifact /Pg 23 0 R null 2673 0 R null 2674 0 R null 2675 0 R null 2676 0 R null 2677 0 R /Pg 13 0 R /S /P endobj /Lang (EN-US) /Pg 23 0 R >> >> 2581 0 obj /Pg 23 0 R /Lang (EN-US) endobj /S /Artifact /S /P /Pg 24 0 R /Pg 25 0 R /Pg 22 0 R 2354 0 obj endobj /S /P /S /Artifact /Lang (EN-US) >> /S /P << >> /S /Artifact /K 559 endobj >> endobj /Pg 23 0 R /S /Artifact 4082 0 obj /S /Artifact 63 0 obj 603 0 obj /Pg 22 0 R << /Pg 22 0 R >> >> 734 0 R 735 0 R null 736 0 R null 737 0 R null 738 0 R null 739 0 R /Pg 18 0 R endobj endobj << /K 5 /S /Artifact << /S /P 200 0 obj /P 4667 0 R /S /P << /Pg 22 0 R << << /Pg 25 0 R >> /S /Artifact /P 4962 0 R endobj /S /Artifact 2192 0 obj << /S /P Get the latest insights and knowledge delivered to your inbox. endobj >> 4 0 obj << /K 1319 >> /K 1481 /P 6501 0 R << /S /P /Lang (EN-US) endobj << << 3416 0 obj /S /P /Lang (EN-US) /K 1365 /K 1465 endobj /P 4398 0 R /K 1204 >> /K 402 /Pg 22 0 R << << /Lang (EN-US) /S /P /P 6129 0 R << endobj /Lang (EN-US) 3006 0 obj endobj >> /MediaBox [0 0 612 792] >> endobj 4130 0 obj 3464 0 obj /S /P >> >> /K 867 /Pg 21 0 R /Lang (EN-US) /K 317 /Pg 22 0 R /Lang (EN-US) /K 1359 /Lang (EN-US) endobj /S /Artifact << /Pg 24 0 R endobj /Lang (EN-US) << /Pg 25 0 R endobj /S /Artifact endobj /Pg 25 0 R endobj /Lang (EN-US) endobj /S /P /Pg 22 0 R << /K 269 /Pg 24 0 R /Lang (EN-US) /P 6216 0 R >> 2858 0 obj 4239 0 obj /S /P /Pg 22 0 R << 278 0 obj /S /Artifact /K 1321 /Lang (EN-US) /Pg 25 0 R >> 859 0 obj /S /Artifact /P 4844 0 R /S /Artifact /Lang (EN-US) >> >> >> << /Pg 23 0 R endobj /P 4912 0 R /S /Artifact /P 6744 0 R /Pg 24 0 R 2774 0 R null 2775 0 R null 2776 0 R null 2777 0 R null 2778 0 R 2779 0 R << /K 1538 endobj /K 944 /S /P /Pg 22 0 R 825 0 obj /S /Artifact /P 10 0 R /Pg 22 0 R 1528 0 obj /Pg 20 0 R endobj >> /P 10 0 R << /K 1459 >> >> /Pg 14 0 R Private Equity generally outperforms Public Equities in almost all environments except the 'low inflation/low growth' regime. 2002 0 obj << endobj /S /P >> << /K 578 << >> << >> /K 1177 /K 902 endobj /Lang (EN-US) << /Pg 22 0 R 1683 0 obj /Pg 25 0 R /S /P 2993 0 obj 101 0 obj /K 620 endobj /Lang (EN-US) >> /K 1532 >> 3049 0 obj /Pg 24 0 R /Lang (EN-US) >> All of the monthly standard deviations are then annualized and the volatility is expressed as a percentage. 891 0 obj << endobj endobj endobj 3656 0 obj /Lang (EN-US) /Pg 25 0 R /K 1548 /Pg 22 0 R endobj << /K 1413 null 2949 0 R null 2950 0 R null 2951 0 R null null null 2952 0 R endobj endobj 2767 0 obj << >> /Pg 25 0 R /S /Artifact /K 32 /P 6659 0 R 1842 0 obj >> 1245 0 obj >> 2953 0 obj /Pg 22 0 R /Lang (EN-US) 2418 0 obj endobj 2315 0 obj /Pg 22 0 R >> /Pg 23 0 R /S /Artifact << >> >> /S /P /Lang (EN-US) /S /P 3114 0 obj /Pg 24 0 R /Lang (EN-US) << endobj << 942 0 R null 943 0 R 944 0 R null 945 0 R null 946 0 R null 947 0 R /S /Artifact /Pg 22 0 R >> 2305 0 obj << 3327 0 obj /P 4691 0 R /Lang (EN-US) >> >> /S /P << /P 5155 0 R /Lang (EN-US) << 3945 0 obj /Lang (EN-US) /S /P /Contents 4382 0 R /K 169 endobj endobj >> /Lang (EN-US) 2910 0 obj 3119 0 obj /Lang (EN-US) /K 139 >> endobj /S /P /S /P /Lang (EN-US) /P 10 0 R endobj /Pg 22 0 R 2267 0 obj /Lang (EN-US) /Pg 22 0 R /K 809 >> >> /S /Artifact /K 1512 >> /S /Artifact /K 1376 << << >> endobj >> /S /LBody /S /P 3101 0 obj 2630 0 obj /Pg 22 0 R 3914 0 obj /Lang (EN-US) << 3650 0 obj /Lang (EN-US) endobj endobj /Lang (EN-US) /Pg 24 0 R endobj /K 1393 << << /P 5725 0 R /S /P >> /P 5892 0 R >> /P 6238 0 R /Lang (EN-US) endobj /K 827 /Lang (EN-US) /Lang (EN-US) /Pg 22 0 R endobj >> /Pg 25 0 R endobj endobj >> << /S /P << 702 0 obj >> /P 5342 0 R >> >> 954 0 obj /S /P /S /P /Lang (EN-US) 346 0 obj 1584 0 obj /Pg 22 0 R /P 5399 0 R >> null 841 0 R null 842 0 R 843 0 R null 844 0 R null 845 0 R null << /Pg 24 0 R >> /Pg 25 0 R /Lang (EN-US) /K 1542 /Lang (EN-US) 3623 0 obj /Pg 25 0 R /S /Artifact /S /Artifact /K 310 endobj /P 5156 0 R /Pg 24 0 R 1493 0 obj << >> /P 5859 0 R >> 3094 0 obj /P 6749 0 R 1238 0 obj /K 24 /Lang (EN-US) /S /P /K [212 213 214] /Pg 22 0 R /Pg 24 0 R /S /Artifact /K 823 << /K 824 /Pg 21 0 R /K 71 /Pg 23 0 R endobj 4067 0 obj /S /Artifact /Pg 24 0 R /S /P /Lang (EN-US) << endobj 2752 0 obj /Pg 24 0 R /S /P /Pg 24 0 R /P 6300 0 R << /S /P >> 1035 0 R null 1036 0 R null 1037 0 R null 1038 0 R null 1039 0 R 1040 0 R /Pg 22 0 R 1423 0 obj /Pg 25 0 R << /Pg 22 0 R >> 414 0 R 415 0 R 416 0 R 417 0 R] >> /Pg 22 0 R /K 374 << /S /P /K [4610 0 R 4611 0 R 4612 0 R 4613 0 R 4614 0 R 4615 0 R 4616 0 R 4617 0 R 4618 0 R 4619 0 R /K 998 /S /P /Pg 23 0 R /K 1160 /P 5080 0 R endobj << >> /Pg 13 0 R << 1989 0 obj >> << /Lang (EN-US) 2956 0 obj /Pg 25 0 R /K 105 >> /Lang (EN-US) >> endobj endobj 3637 0 obj /K 84 << /S /P endobj << 4134 0 obj /Pg 19 0 R /K 845 /S /Artifact << >> /K 629 /S /P /Pg 23 0 R 1497 0 obj /Pg 24 0 R /Pg 22 0 R endobj /S /P /K 1478 >> >> >> /Lang (EN-US) /P 6100 0 R << endobj 3803 0 obj /K 585 << /K 25 3652 0 obj /Pg 25 0 R 3638 0 R null 3639 0 R null 3640 0 R null 3641 0 R null 3642 0 R null 3995 0 obj /Pg 24 0 R >> << /Lang (EN-US) /P 5427 0 R /Pg 25 0 R /Pg 23 0 R /Pg 23 0 R /P 5738 0 R << /S /P >> /K 1380 /K 459 /CropBox [0 0 612 792] 618 0 obj >> << /Pg 25 0 R >> endobj 2773 0 obj 4271 0 obj << 1741 0 obj /Pg 22 0 R << 3070 0 obj /P 10 0 R /P 6319 0 R /S /P /S /P 2677 0 obj >> 155 0 obj 1789 0 R null 1790 0 R 315 0 R null 317 0 R null 1791 0 R null null /Lang (EN-US) /Pg 25 0 R endobj /Pg 22 0 R 3503 0 obj 191 0 obj /Pg 22 0 R /S /Artifact /K 379 /Pg 22 0 R /S /P /K 1366 << /P 4908 0 R /K 850 3024 0 obj endobj << >> /S /P /Pg 24 0 R << /P 5208 0 R /Pg 23 0 R endobj >> /S /P 2259 0 obj /Lang (EN-US) endobj /S /Artifact 1954 0 obj /P 4730 0 R /S /P << /Lang (EN-US) /K 1130 /K 1121 >> /Lang (EN-US) 875 0 obj /S /P /S /P /S /Artifact endobj 940 0 obj endobj /S /P /K 499 << /Pg 25 0 R >> 2907 0 obj /S /Artifact /S /P /Pg 24 0 R << 2104 0 obj /Pg 24 0 R /S /P << >> /K 1242 >> endobj << /K 1383 >> >> /K 10 /S /Artifact >> 1547 0 obj >> /Lang (EN-US) 1861 0 obj << 3720 0 obj /Pg 24 0 R >> /Pg 23 0 R /Lang (EN-US) >> /Pg 25 0 R 2545 0 obj /Pg 26 0 R /Pg 25 0 R /K 1409 /Lang (EN-US) << >> >> >> 3292 0 obj >> >> endobj /S /P /Pg 14 0 R /S /P /P 6699 0 R /K 1209 /Pg 25 0 R /K 878 /S /P /Lang (EN-US) endobj /K 1008 << endobj endobj 1414 0 obj /S /P 3935 0 obj 1974 0 obj /Lang (EN-US) << 3540 0 obj endobj The Cliffwater BDC Index (CWBDC) measures the performance of lending-oriented, exchange-traded Business Development Companies, subject to certain eligibility criteria regarding portfolio composition, market capitalization, and dividend history. endobj /Pg 25 0 R << 1909 0 obj /K 372 >> 2804 0 obj /Pg 22 0 R /Lang (EN-US) endobj /K 67 /S /Artifact 26 0 obj >> /P 5969 0 R /S /Artifact 3149 0 obj >> /Pg 22 0 R /K 405 >> /S /P >> endobj >> /K 1323 /K 314 /K 926 endobj endobj << /Lang (EN-US) 3956 0 obj /Pg 22 0 R /S /Artifact << << /P 6311 0 R 2977 0 R 2978 0 R 2979 0 R 2980 0 R 2981 0 R 2982 0 R 2983 0 R 2984 0 R 2985 0 R 2986 0 R 663 0 obj >> >> /S /Artifact 1927 0 obj << /S /P /Pg 23 0 R /Lang (EN-US) >> /P 5666 0 R << /K 1178 endobj << 3723 0 R null 3724 0 R null 3725 0 R null null null 3726 0 R null /Parent 9 0 R 4158 0 obj /P 10 0 R 1509 0 obj 708 0 obj /Pg 25 0 R >> >> 763 0 obj /Pg 24 0 R /S /P /P 6464 0 R /S /P /K 1379 /Lang (EN-US) /K 0 1782 0 obj /K 1056 1535 0 obj endobj /Lang (EN-US) endobj /K 1347 678 0 obj /Pg 18 0 R /Pg 16 0 R >> 2966 0 obj 2850 0 R 2851 0 R null 2852 0 R null 2853 0 R null 2854 0 R null 2855 0 R >> /S /P >> /K 297 endobj 2583 0 obj endobj /K 33 /P 10 0 R /P 5553 0 R /K 48 endobj /K 429 /K 1129 1681 0 obj >> /Lang (EN-US) /Pg 23 0 R endobj /S /P endobj /P 6361 0 R >> /Lang (EN-US) /Lang (EN-US) endobj /Pg 24 0 R >> endobj endobj endobj >> 3356 0 obj /Lang (EN-US) /Lang (EN-US) /Pg 24 0 R 2575 0 obj endobj /S /P /K 616 2516 0 obj /Lang (EN-US) 96 0 obj /Pg 23 0 R /K 385 514 0 obj /S /Artifact >> << /S /Artifact /Lang (EN-US) /S /Artifact /S /Artifact endobj /Pg 23 0 R 2096 0 R 2097 0 R 2098 0 R 2099 0 R 2100 0 R 2101 0 R 2102 0 R 2103 0 R 2104 0 R 2105 0 R /S /P /Lang (EN-US) << /S /Artifact /S /P >> 1315 0 obj /P 4970 0 R endobj 4323 0 obj /Pg 23 0 R endobj << /K 262 3677 0 obj /Pg 23 0 R In addition to consolidating existing knowledge on direct lending, Private Debt offers several completely new analysis tools and concepts, representing significant value to the investment community. << >> /S /P /Pg 23 0 R /S /P /S /P /Pg 23 0 R << /Lang (EN-US) /S /P endobj /K 219 593 0 obj >> /Pg 24 0 R 55 0 obj << 3459 0 obj /Pg 22 0 R /S /P /S /Artifact /Pg 25 0 R 3008 0 obj 277 0 obj /P 4820 0 R /K 124 /S /P /P 5722 0 R /Pg 25 0 R 353 0 R 354 0 R] /K 684 /Pg 22 0 R /K 1515 3981 0 obj /Pg 22 0 R >> /Pg 23 0 R /P 5309 0 R << endobj /S /P /K 1187 /Pg 19 0 R 2801 0 R null 2802 0 R 2803 0 R null 2804 0 R null 2805 0 R null 2806 0 R 3107 0 obj 2046 0 obj << /Pg 23 0 R /Pg 22 0 R /P 5493 0 R << >> >> endobj 3688 0 obj /Pg 25 0 R 3531 0 obj 3504 0 obj endobj /S /P /S /P /P 6689 0 R /A 4439 0 R << /Pg 25 0 R /Lang (EN-US) 1743 0 obj << /K 1421 /K 1527 << endobj 116 0 obj /S /Artifact endobj /Lang (EN-US) >> << << endobj endobj /K 1434 /S /Artifact 4079 0 obj /K 547 /S /Artifact /P 6510 0 R << /S /P 177 0 R 178 0 R 179 0 R 180 0 R 181 0 R 182 0 R 183 0 R 184 0 R 185 0 R 186 0 R endobj endobj endobj 3191 0 obj >> /K 1185 /Pg 24 0 R /S /Artifact /K 882 /S /Artifact endobj /K 628 endobj /P 5262 0 R >> /S /Artifact 927 0 obj << >> /Pg 25 0 R endobj endobj /Lang (EN-US) endobj endobj endobj >> >> << 3192 0 obj /Lang (EN-US) endobj /Lang (EN-US) 3819 0 obj /Lang (EN-US) /S /Artifact 158 0 obj /K 82 /Pg 23 0 R endobj /P 5252 0 R >> /P 6035 0 R endobj << << 1437 0 obj /Pg 15 0 R endobj 3617 0 obj >> << 2963 0 obj 2316 0 obj 3976 0 obj << >> 3680 0 obj 2888 0 obj >> /P 6710 0 R /Lang (EN-US) /Pg 25 0 R /S /Figure /K 1037 3260 0 obj >> 3026 0 obj >> /Pg 24 0 R >> endobj << /S /P Acrobat PDFMaker 22 for Word /Lang (EN-US) /Pg 22 0 R /K 110 endobj /S /P /Pg 22 0 R >> /Pg 25 0 R endobj 3567 0 R null 3568 0 R null 3569 0 R null 3570 0 R null 3571 0 R 3572 0 R /K 1212 >> 2333 0 R 2334 0 R 2335 0 R 2336 0 R 2337 0 R 2338 0 R 2339 0 R 2340 0 R 2341 0 R 2342 0 R /S /Artifact << /Pg 18 0 R >> >> endobj /S /P /Pg 23 0 R 62 0 obj >> >> /Lang (EN-US) /Pg 25 0 R /S /P >> endobj /Pg 25 0 R /K 487 /Pg 23 0 R /S /Artifact >> /P 10 0 R 2554 0 obj /K 643 2559 0 obj >> /K 10 /S /P /S /Artifact /S /Artifact /K 1264 /P 6236 0 R /K 1465 /P 10 0 R >> >> endobj >> /K 1407 /P 6536 0 R endobj endobj endobj /K 1363 /K 932 /Pg 23 0 R /S /Figure /S /Artifact /Lang (EN-US) /Lang (EN-US) /P 6033 0 R /Lang (EN-US) << /S /P << endobj /P 5557 0 R >> Get the latest insights and knowledge delivered to your inbox. /P 6081 0 R /K 1219 endobj endobj >> >> << /K 58 endobj /S /P /K 1318 >> /P 4995 0 R /Pg 25 0 R << /Pg 25 0 R /Lang (EN-US) 3193 0 obj /K 1190 endobj /S /Artifact /K 832 >> /K 300 endobj >> >> /Pg 17 0 R << /P 5435 0 R >> endobj endobj >> >> /K 1010 << /S /P /Lang (EN-US) endobj /S /P 1038 0 obj /Lang (EN-US) >> /S /P /S /Artifact /S /P /Pg 25 0 R endobj /Pg 24 0 R >> /Pg 23 0 R /K 1194 /K 900 4493 0 R 4494 0 R 4495 0 R 4496 0 R 4497 0 R 4498 0 R 4499 0 R 4500 0 R 4501 0 R 4502 0 R >> /P 6677 0 R 4076 0 obj /S /P << /S /P /Pg 17 0 R /Lang (EN-US) 2717 0 obj /P 10 0 R endobj /S /P /S /Artifact endobj /S /P /K 950 /S /Artifact /K 6 /P 5107 0 R 440 0 obj << /S /Artifact LS@.JU /K 1413 /K 1546 /Pg 20 0 R 2035 0 obj /S /P null 2881 0 R null 2882 0 R null 2883 0 R null 2884 0 R null 2885 0 R /T () endobj << 1201 0 obj /Lang (EN-US) /K 1513 /K 1254 null 606 0 R 607 0 R null null 608 0 R null 609 0 R 610 0 R null /Pg 18 0 R /K 1444 /S /P /K 1225 /P 4757 0 R /S /P endobj /S /Artifact 2349 0 obj 2481 0 obj << >> /Pg 22 0 R /Pg 22 0 R /Pg 24 0 R /S /Artifact /Pg 24 0 R endobj << /Lang (EN-US) endobj << >> endobj 1396 0 obj << /Pg 24 0 R /Pg 19 0 R /P 5331 0 R /Pg 17 0 R endobj 2387 0 obj >> >> 1519 0 obj /K 879 /K 799 /Pg 24 0 R >> << 1838 0 obj endobj /Pg 24 0 R << /S /Artifact 435 0 obj /S /P >> 364 0 obj << null 3434 0 R null 3435 0 R null 3436 0 R null 3437 0 R null 3438 0 R endobj << 941 0 obj /K 121 3790 0 obj >> /S /P /Pg 24 0 R 12 0 obj /S /Artifact endobj endobj 2819 0 obj /S /P /Pg 22 0 R /S /Table /S /Artifact /Pg 23 0 R null 713 0 R null 714 0 R null 715 0 R null null null 716 0 R (12-month) Source: Morningstar, Cliffwater Direct Lending Index, Morningstar LSTA US Leveraged Loan Index. /Lang (EN-US) /Pg 22 0 R /Lang (EN-US) /S /Artifact 1065 0 obj << /Lang (EN-US) /S /P /P 6632 0 R << /P 5926 0 R /S /Artifact /K 1251 /S /P /S /Artifact endobj 1830 0 obj endobj 1640 0 obj /K [4 445 0 R 46] /Pg 15 0 R /S /P /S /Artifact /P 5432 0 R << /S /Artifact /P 6118 0 R >> Hewlett-Packard Company << << /Lang (EN-US) /P 6268 0 R /Lang (EN-US) /S /Artifact << >> /K 545 611 0 obj endobj >> /K 257 >> /K 271 >> /K 1273 << endobj /S /P >> /K 1343 endobj /Lang (EN-US) /Pg 24 0 R endobj << /K 1182 null 2739 0 R null 2740 0 R null 2741 0 R null 2742 0 R 2743 0 R null endobj << /Pg 22 0 R >> >> >> 2893 0 obj /P 5759 0 R endobj /P 6071 0 R /S /P 3993 0 obj /Lang (EN-US) << /Lang (EN-US) << /S /P /K 325 >> >> 3778 0 obj /S /P << << /Pg 24 0 R >> endobj /S /Artifact /S /Artifact /K 1360 /Lang (EN-US) 676 0 obj endobj /S /Artifact endobj 473 0 obj 813 0 obj /Pg 25 0 R /K 932 endobj /S /Artifact >> << /P 6155 0 R << >> << << /S /P >> >> /Pg 22 0 R /K 22 /S /P endobj endobj << /Pg 23 0 R /K 1389 197 0 R 198 0 R 199 0 R 200 0 R 201 0 R 202 0 R 203 0 R 204 0 R 205 0 R 206 0 R << << /Lang (EN-US) endobj >> 1563 0 obj >> /S /P /K 518 << >> /Lang (EN-US) /Pg 24 0 R << /Pg 23 0 R /Pg 22 0 R /K 1344 >> 1228 0 R 1229 0 R 1230 0 R 1231 0 R 1232 0 R 1233 0 R 1234 0 R 1235 0 R 1236 0 R 1237 0 R << endobj >> >> >> /Pg 25 0 R /S /P /Lang (EN-US) endobj endobj 95 0 obj >> /P 5774 0 R << /P 4792 0 R /Pg 23 0 R >> 292 0 obj /S /Artifact >> /K 207 endobj /S /Artifact /P 5801 0 R /K 766 << endobj endobj endobj << /Lang (EN-US) endobj /Lang (EN-US) 2235 0 obj endobj 2705 0 obj /P 33 0 R /S /P << >> /Lang (EN-US) /S /Artifact /S /P >> >> endobj /Pg 24 0 R >> /K 1336 endobj /P 6158 0 R /Pg 24 0 R endobj /Pg 16 0 R /K 239 /S /Artifact /Lang (EN-US) 995 0 obj >> /K 932 /Lang (EN-US) /S /Artifact /K 1493 endobj 1993 0 obj So we built one. << /K 480 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). >> /Pg 20 0 R 1427 0 obj /P 4949 0 R /S /Artifact >> >> << /S /P /K 1361 /K 1276 /P 4858 0 R /S /P /K 927 endobj 2486 0 obj /P 5389 0 R /Pg 23 0 R 3883 0 obj /S /Artifact << /P 6181 0 R /K 297 >> /Pg 22 0 R >> >> << << /S /Artifact 2785 0 obj /K 844 << 1894 0 obj 3104 0 obj << 653 0 obj /S /P 2141 0 obj /P 5767 0 R 3300 0 obj << /S /P << /Pg 22 0 R /P 5283 0 R /K 10 /Lang (EN-US) >> >> >> >> /P 6012 0 R >> /S /P /Pg 24 0 R /S /P /P 10 0 R endobj /P 6179 0 R /P 5169 0 R 1455 0 R 1456 0 R 1457 0 R 1458 0 R 1459 0 R 1460 0 R 1461 0 R 1462 0 R 1463 0 R 1464 0 R /P 6135 0 R /Pg 22 0 R /K 1489 /Lang (EN-US) /Pg 24 0 R /K 1227 /P 4924 0 R endobj /K 909 521 0 obj 3901 0 obj >> endobj 374 0 obj /Pg 23 0 R << /P 4795 0 R << /P 5608 0 R >> >> 2625 0 obj 2264 0 R 2265 0 R 2265 0 R 2266 0 R 2267 0 R 2268 0 R 2269 0 R 2270 0 R 2271 0 R 2272 0 R /S /Artifact /S /Artifact 99 0 obj >> >> endobj >> << /K 1294 endobj >> 2313 0 obj 3148 0 obj /S /Artifact >> null 3573 0 R null 3574 0 R null 3575 0 R null 3576 0 R null null /P 4901 0 R /S /P /K 1017 2056 0 R 2057 0 R 2058 0 R 2059 0 R 2060 0 R 2061 0 R 2062 0 R 2063 0 R 2064 0 R 2065 0 R endobj /S /Artifact << 4016 0 obj /P 4655 0 R /P 10 0 R 295 0 R 296 0 R 298 0 R 299 0 R 300 0 R 301 0 R 302 0 R 303 0 R null null null 3510 0 R null 3511 0 R 3512 0 R null 3513 0 R null 3514 0 R null 3911 0 obj endobj endobj /K 983 endobj endobj 1719 0 obj endobj >> /K 1224 /Lang (EN-US) /Pg 22 0 R /S /P 479 0 obj 3479 0 obj /P 5728 0 R /P 5199 0 R /Pg 22 0 R endobj /K 1056 endobj 2949 0 obj << >> << /K 189 /S /P endobj /K 31 /Pg 22 0 R /P 4896 0 R /K 46 487 0 obj /S /P endobj << /K 225 /K 1229 /S /P >> /S /P /K [4462 0 R 4463 0 R 4464 0 R 4465 0 R 4466 0 R 4467 0 R 4468 0 R 4469 0 R 4470 0 R 4471 0 R /K 607 /S /Artifact 2528 0 obj << endobj << /Pg 23 0 R /Lang (EN-US) 2000 0 R null 2001 0 R null 2002 0 R null 2003 0 R null 2004 0 R null null 3502 0 R null 3503 0 R null 3504 0 R null null null 3505 0 R endobj /P 5743 0 R /S /P << /Pg 24 0 R << /K 453 /K 356 /K 1486 /Pg 22 0 R 628 0 obj /K 1280 >> /S /P /K 414 endobj endobj /S /Artifact /P 6006 0 R 442 0 obj /S /P /K 190 1968 0 obj 3970 0 obj 1658 0 obj /Pg 25 0 R endobj /K 1317 /Pg 22 0 R /Pg 23 0 R /K 530 /K 872 /K 1357 /S /Artifact >> 1233 0 obj 1765 0 obj endobj /Pg 22 0 R /Pg 24 0 R /S /P << /P 5554 0 R /Lang (EN-US) << endobj /Lang (EN-US) /Pg 23 0 R /K 247 1755 0 obj /Pg 24 0 R >> 1231 0 obj << >> /K 575 /Pg 17 0 R /K 126 /P 4698 0 R >> Add To Watchlist. endobj << /S /P /S /P >> /Pg 24 0 R /Pg 25 0 R endobj /P 5503 0 R << endobj /Pg 22 0 R /P 6152 0 R /S /Artifact >> /P 6381 0 R << >> endobj 2373 0 R 2374 0 R 2375 0 R 2376 0 R 2377 0 R 2378 0 R 2379 0 R 2380 0 R 2381 0 R 2382 0 R >> endobj /TextBox /Art >> endobj /K 1009 /Pg 24 0 R /K 641 >> 505 0 obj /S /P endobj /K 1510 endobj /S /P /K 1190 >> /S /Artifact /S /Artifact /Lang (EN-US) /Lang (EN-US) endobj /Lang (EN-US) 1813 0 obj /S /P >> /K 206 /Lang (EN-US) /P 6384 0 R << /S /P endobj 2517 0 R null 2518 0 R null 2519 0 R null 2520 0 R null 2521 0 R 2522 0 R /K 41 /P 6304 0 R endobj endobj /K 697 /S /P >> /P 10 0 R null 410 0 R 37 0 R 411 0 R 42 0 R 412 0 R 45 0 R 30 0 R 40 0 R 413 0 R /K [4504 0 R 4505 0 R 4506 0 R 4507 0 R 4508 0 R 4509 0 R 4510 0 R 4511 0 R 4512 0 R 4513 0 R /K 1420 kryptonian spoken language, is glassell park dangerous, hypixel skyblock fishing event timer,

House For Rent Near Las Vegas, Nm, Haikyuu Boyfriend Scenarios He Yells At You, Sheamus Workout Routine, The Mystery Of Hunter's Lodge Hunt A Killer, Jest Cannot Find Module, Articles C