cliffwater direct lending index

/Lang (EN-US) >> /K 115 /Pg 18 0 R /K 1224 1760 0 obj << << /K 0 /Lang (EN-US) >> /Pg 13 0 R >> null 1921 0 R 1922 0 R null 1923 0 R null 1924 0 R null 1925 0 R null 3517 0 obj /Lang (EN-US) endobj /Pg 22 0 R >> << endobj >> /Lang (EN-US) /S /P 3844 0 obj /S /Artifact 1872 0 obj /S /Artifact /S /Artifact endobj /S /Artifact /K 1298 << >> << endobj 60 0 obj >> /K [1334 1335] /S /Artifact /Pg 25 0 R /S /P endobj /S /Artifact /P 5806 0 R /K 495 2028 0 obj << /Pg 22 0 R /K 736 807 0 obj << 1465 0 obj /S /Artifact /Lang (EN-US) >> << /Lang (EN-US) /P 4880 0 R /S /Artifact /S /P 907 0 obj 3442 0 obj 3140 0 obj null 606 0 R 607 0 R null null 608 0 R null 609 0 R 610 0 R null /S /P /Pg 25 0 R << >> /Lang (EN-US) /S /Artifact /Lang (EN-US) << /K 1502 >> /K 1149 endobj >> 4036 0 obj /S /P /P 5620 0 R null 1795 0 R null 1796 0 R null 1797 0 R null 1798 0 R null 1799 0 R << /Pg 24 0 R << endobj /K 770 /P 4984 0 R << endobj /S /Artifact /K 633 /Pg 25 0 R /Pg 23 0 R /S /P /Pg 24 0 R /S /P << /Lang (EN-US) /S /P << endobj /Lang (EN-US) << /K 1297 << endobj /K 1455 51 0 obj /S /P << >> 1000 0 obj /Lang (EN-US) /Pg 24 0 R /Lang (EN-US) >> >> /Pg 23 0 R /K 591 endobj >> /Lang (EN-US) << /Pg 22 0 R /P 4899 0 R >> 251 0 obj >> /Lang (EN-US) /P 5945 0 R >> /S /LBody endobj /P 4788 0 R /K 581 >> /Pg 24 0 R /S /P /Lang (EN-US) << endobj /Pg 25 0 R /P 6258 0 R >> 1258 0 R 1259 0 R 1260 0 R 1261 0 R 1262 0 R 1263 0 R 1264 0 R 1265 0 R 1266 0 R 1267 0 R /S /Artifact /K 210 /P 6338 0 R << /Pg 24 0 R /S /Artifact /K 451 2613 0 obj endobj 3259 0 obj << endobj /Pg 23 0 R /Pg 23 0 R >> endobj /S /Artifact /K 1403 /S /P << 3531 0 obj /Lang (EN-US) /S /Artifact /Lang (EN-US) /Group 4370 0 R << /Lang (EN-US) /Lang (EN-US) /Pg 22 0 R >> endobj 1698 0 obj >> /Pg 18 0 R 3926 0 obj /Lang (EN-US) endobj endobj 2881 0 obj << endobj /K 387 << /P 5864 0 R /S /P /K 1242 /K 1322 >> /P 5128 0 R endobj /S /P 140 0 obj << >> << endobj >> /K 1093 >> >> 2603 0 obj /P 5494 0 R /K 960 3177 0 R 3178 0 R 3179 0 R 3180 0 R 3181 0 R 3182 0 R 3183 0 R 3184 0 R 323 0 R 3185 0 R 544 0 obj 4101 0 obj /S /Artifact << /S /Artifact endobj /K 160 /Pg 19 0 R /S /Artifact << /K 1327 /S /P endobj /Pg 23 0 R /Lang (EN-US) >> >> 229 0 R null 207 0 R 207 0 R 207 0 R 207 0 R 207 0 R 207 0 R 207 0 R 207 0 R << >> 952 0 obj endobj >> /K 639 null 427 0 R null null 100 0 R 101 0 R 102 0 R null 428 0 R null 4143 0 obj 177 0 obj /K 214 endobj 2413 0 obj /S /Artifact /K 1384 endobj 635 0 obj /Pg 23 0 R /K 107 /K 472 >> /P 6406 0 R /K 1504 /Pg 23 0 R /K 93 /Lang (EN-US) 2664 0 R null 2665 0 R 2666 0 R null 2667 0 R null 2668 0 R null 2669 0 R /K 1219 /S /P /K 426 /Lang (EN-US) Stephen L. Nesbitt, "Private Debt. /S /P /Pg 25 0 R /Lang (EN-US) >> << /K 1427 /Pg 22 0 R /K 514 << 1141 0 obj endobj /K 154 /K 276 endobj << /Lang (EN-US) >> /Lang (EN-US) 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. 551 0 obj << << /Lang (EN-US) /Pg 23 0 R >> /K 612 << /K 885 /Pg 22 0 R endobj /Pg 23 0 R >> /K 867 /Pg 25 0 R endobj /S /Artifact endobj /S /P /P 5314 0 R 1765 0 obj 1425 0 R 1426 0 R 1427 0 R 1428 0 R 1429 0 R 1430 0 R 1431 0 R 1432 0 R 1433 0 R 1434 0 R /S /P endobj /K 925 >> 2880 0 obj /S /Artifact 3097 0 obj 892 0 obj /Lang (EN-US) << 1551 0 R null 1552 0 R null 1553 0 R null 1554 0 R null 1555 0 R 1556 0 R /S /P /K 1255 << /K 110 /Lang (EN-US) << << >> /Pg 22 0 R /P 4637 0 R << >> /K 218 << << << /Pg 23 0 R 1647 0 obj 1071 0 obj /Lang (EN-US) >> /K 1370 << /S /Artifact /Pg 17 0 R << /Lang (EN-US) 1066 0 obj /K 952 null 902 0 R null 903 0 R null 904 0 R null 905 0 R null 906 0 R endobj endobj /Lang (EN-US) /S /P /Lang (EN-US) /P 6240 0 R /K 496 /K 1504 331 0 obj 3 0 obj << endobj << /Lang (EN-US) /P 5702 0 R endobj >> << >> /S /P << /K 1368 << endobj /P 6709 0 R >> endobj /P 4689 0 R /Lang (EN-US) /K 63 /K 639 /Lang (EN-US) /S /P /P 4991 0 R << /S /Artifact /Pg 25 0 R /Lang (EN-US) << /Lang (EN-US) endobj /S /P /Lang (EN-US) /K 264 /Pg 25 0 R >> We are proactive with our advice and recommendations to clients so they may achieve desired outcomes. /P 6052 0 R >> /Pg 22 0 R /S /P >> endobj endobj >> /P 6340 0 R /Pg 25 0 R 3618 0 obj >> endobj /K 1517 3838 0 obj 1240 0 obj /K [191 4748 0 R] /K [180 542 0 R 194 4744 0 R] /Lang (EN-US) << >> /K 202 /Pg 13 0 R endobj /P 5820 0 R /P 5785 0 R /S /P 136 0 obj /Pg 25 0 R 3738 0 obj << endobj /K 1525 /S /P /K 1197 /Pg 24 0 R 2203 0 obj endobj endobj Seeking income throughout the cycle with direct lending. >> /Pg 22 0 R /S /P /Pg 25 0 R endobj /Lang (EN-US) >> endobj /P 5736 0 R /P 10 0 R << /Pg 22 0 R endobj /K 1364 /P 6040 0 R >> /P 6025 0 R << << >> /Pg 24 0 R 4106 0 obj 1772 0 obj 1495 0 R 1496 0 R 1497 0 R 1498 0 R 1499 0 R 1500 0 R 1501 0 R 1502 0 R 1503 0 R 1504 0 R 1353 0 obj /Lang (EN-US) /Pg 22 0 R /P 6042 0 R /K 133 endobj /K 666 /Pg 22 0 R /P 6589 0 R /K 1477 /K 794 >> /S /Artifact endobj /Pg 25 0 R /Pg 22 0 R << << endobj /P 6490 0 R /K 356 3573 0 obj /Pg 25 0 R >> >> /Lang (EN-US) >> /S /P /Pg 24 0 R >> /K 1395 /K 236 4240 0 obj /K 1223 >> /Pg 22 0 R /S /P >> endobj null 788 0 R null null null 789 0 R null 790 0 R null 791 0 R 2093 0 obj endobj >> /Pg 23 0 R endobj << /P 6545 0 R /Pg 22 0 R << 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 << >> << /Pg 24 0 R << /Pg 25 0 R /P 5504 0 R endobj 2408 0 obj /K 1327 endobj 3467 0 obj /K 689 << >> /Pg 23 0 R /P 6450 0 R /Lang (EN-US) /S /P /S /Artifact << 2618 0 obj >> /Pg 25 0 R endobj >> 1724 0 obj /K 1257 >> /K 1498 697 0 obj >> /Pg 22 0 R /Lang (EN-US) >> /Lang (EN-US) /Pg 25 0 R /Lang (EN-US) /Pg 23 0 R >> /K 1275 >> /P 6546 0 R 3572 0 obj << 2398 0 obj 3489 0 obj /Pg 23 0 R 87 0 obj << /Pg 23 0 R /K 295 << 1434 0 obj /Lang (EN-US) 1245 0 obj /K 1344 2889 0 obj endobj /S /P /Pg 22 0 R 2705 0 R null 2706 0 R null null null 2707 0 R null null null /Lang (EN-US) endobj /Pg 23 0 R /P 10 0 R << /S /Artifact >> /Pg 20 0 R >> /S /P /Lang (EN-US) /Pg 22 0 R /S /P << /K 1141 endobj /S /P /K 26 >> /Pg 14 0 R >> endobj /Lang (EN-US) /S /P endobj endobj /Lang (EN-US) >> /S /P << /K 1044 /Lang (EN-US) /S /P /K 49 3987 0 obj /S /P << << endobj >> endobj /Lang (EN-US) /Pg 24 0 R << << 3635 0 obj /Lang (EN-US) /H /I /S /P /P 5765 0 R 3320 0 obj /K 1398 << /S /Artifact /Pg 24 0 R /S /P endobj endobj << /S /P /Pg 25 0 R 1361 0 obj << /S /Artifact /Pg 25 0 R /Rotate 0 endobj /K 50 << /S /P << << << /K 934 >> /K 774 /P 6137 0 R endobj /P 6066 0 R 3803 0 obj << /Pg 23 0 R << >> /P 4877 0 R 1073 0 obj /Pg 18 0 R endobj /K 1203 4207 0 obj << /Lang (EN-US) /S /P /K 1425 3274 0 obj 3067 0 R 3068 0 R 3069 0 R 3070 0 R 3071 0 R 3072 0 R 3073 0 R 3074 0 R 3075 0 R 3076 0 R 425 0 obj 2099 0 obj /Pg 25 0 R /S /P endobj /Pg 23 0 R /P 6752 0 R 2872 0 R null 2873 0 R null 2874 0 R 2875 0 R null 2876 0 R null 2877 0 R 2172 0 obj /K 1151 3929 0 obj /Lang (EN-US) /P 6623 0 R /S /P Cliffwater estimates that the average coupon to the loans in their index over this horizon has been about 10.2 percent, with about 1 percent of net credit losses per year. 3596 0 obj >> /P 5921 0 R 162 0 obj /S /Artifact >> 2293 0 obj /S /P /P 5196 0 R >> /P 10 0 R /K 1150 /S /Artifact << /Lang (EN-US) endobj >> /P 5834 0 R 1448 0 obj /K 538 /S /P endobj 4000 0 obj /Pg 23 0 R 1794 0 obj /Pg 22 0 R /Pg 23 0 R /P 5423 0 R >> 1334 0 obj endobj endobj >> /Lang (EN-US) endobj endobj /P 6447 0 R /S /P /Pg 23 0 R 3032 0 obj << /P 5072 0 R /P 6226 0 R endobj 3814 0 obj /K 67 1418 0 obj /Lang (EN-US) >> /K 91 /K 1541 /S /P /Pg 22 0 R /K 1144 endobj /Pg 22 0 R null 1027 0 R 1028 0 R null 1029 0 R null 1030 0 R null 1031 0 R null null 3483 0 R null 3484 0 R null 3485 0 R null 3486 0 R null 3487 0 R << /S /P /Lang (EN-US) 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 /S /P << 4133 0 obj >> /P 5338 0 R endobj >> /Pg 25 0 R << /Pg 25 0 R endobj /K 1066 482 0 R null 483 0 R 484 0 R 485 0 R null 486 0 R null 487 0 R 488 0 R >> /Pg 24 0 R /Lang (EN-US) 3613 0 obj /K 1471 >> /Lang (EN-US) /P 6206 0 R /Pg 23 0 R /Lang (EN-US) /Pg 25 0 R /K 54 endobj endobj /Pg 24 0 R >> /K 106 /K 1012 endobj 3787 0 obj /P 5591 0 R endobj /Lang (EN-US) << endobj << /S /P null 2766 0 R 2767 0 R null 2768 0 R null 2769 0 R null 2770 0 R null /S /Artifact endobj /S /P /Pg 25 0 R 548 0 obj << << 2761 0 obj 1642 0 R null 1643 0 R null 1644 0 R null 1645 0 R null null null >> endobj /S /P >> /S /Artifact endobj 636 0 obj 827 0 obj 3077 0 R 3078 0 R 3079 0 R 3080 0 R 3081 0 R 3082 0 R 3083 0 R 3084 0 R 3085 0 R 3086 0 R /Pg 25 0 R /Pg 22 0 R 2709 0 obj null 3649 0 R 329 0 R null 331 0 R null 3650 0 R null null 3651 0 R << /S /P endobj 3922 0 obj 1003 0 obj /K 1174 Loan Note: Private debt's growing muscle; Cliffwater issues return forecasts How private debt firms are gaining market share at the large end of the market; Cliffwater issues its latest return forecasts; and caution surrounds real estate. /Pg 22 0 R endobj /K 1201 endobj /Pg 24 0 R /S /P /S /P << endobj /Lang (EN-US) /Pg 23 0 R << /Pg 25 0 R endobj /P 6113 0 R /BS 6765 0 R /Pg 24 0 R /S /LBody 4303 0 obj /S /P 678 0 obj >> /S /Artifact /Pg 24 0 R /S /P /K 691 /Pg 25 0 R 1943 0 obj 3051 0 obj 388 0 obj /Pg 20 0 R /Pg 25 0 R endobj 1604 0 obj << 3503 0 obj 2434 0 obj 963 0 obj /Pg 24 0 R /K 1333 /K 433 /S /P /Pg 23 0 R >> /S /Artifact /Pg 24 0 R 187 0 obj 1619 0 obj /P 5402 0 R /S /Artifact /K 1226 /S /Artifact /P 10 0 R endobj /K [4411 0 R 4412 0 R 4413 0 R 4414 0 R 4415 0 R 4416 0 R 4417 0 R 4418 0 R 4419 0 R 4420 0 R >> /K 1 /S /Artifact endobj endobj /Pg 22 0 R /K 593 >> endobj /Pg 23 0 R endobj << << /Lang (EN-US) /S /P << >> >> /S /P >> /Pg 24 0 R /Pg 24 0 R /S /Artifact /Lang (EN-US) /Lang (EN-US) >> /Pg 16 0 R endobj endobj << 3291 0 obj /P 5026 0 R endobj /K 11 /Lang (EN-US) /P 5380 0 R /P 6563 0 R /K 1460 endobj >> /Pg 22 0 R /S /P /Pg 23 0 R /Type /Page << /K 1109 3055 0 obj 4082 0 obj /K 334 /Lang (EN-US) endobj /P 5979 0 R /S /P endobj << /Lang (EN-US) /P 6017 0 R /Pg 23 0 R << /K 183 /K 995 /S /P /K 1141 /Pg 22 0 R << endobj endobj 1674 0 obj /Pg 24 0 R /Pg 20 0 R /P 5868 0 R /Lang (EN-US) endobj << 3827 0 obj /S /Artifact /K 111 /S /Artifact /S /P /P 5966 0 R 2302 0 obj 165 0 obj 1072 0 obj >> /K 117 /S /Artifact 4026 0 obj << << >> /Lang (EN-US) /Pg 19 0 R endobj << << null 2550 0 R null null null 2551 0 R null null null 2552 0 R /S /Artifact /K 140 >> /P 5808 0 R 1309 0 obj /P 5678 0 R null 1992 0 R null 1993 0 R 1994 0 R null 1995 0 R null 1996 0 R null /S /P /P 6441 0 R >> 2620 0 obj endobj /Pg 25 0 R endobj /K 1136 /S /P /Pg 24 0 R /S /Table 2719 0 obj >> 2801 0 obj endobj >> >> /Pg 24 0 R endobj /P 6256 0 R 3047 0 R 3048 0 R 3049 0 R 3050 0 R 3051 0 R 3052 0 R 3053 0 R 3054 0 R 3055 0 R 3056 0 R /S /P /Pg 25 0 R 1417 0 obj << >> /K 1232 /S /Artifact 1880 0 obj /K 1173 based upon the market price or level of an index, or the market price or value of a security, currency, commodity, or financial instrument. 2363 0 obj /S /P endobj /Pg 25 0 R /K 875 /S /P /Lang (EN-US) /Lang (EN-US) /K 59 /K 379 << /Pg 24 0 R /S /P /Pg 23 0 R >> /K 631 << /S /P /P 5643 0 R /S /P >> /Pg 23 0 R >> /S /P endobj /S /P /K 1425 172 0 obj /Pg 23 0 R endobj /P 6741 0 R /S /P /Lang (EN-US) 1435 0 R 1436 0 R 1437 0 R 1438 0 R 1439 0 R 1440 0 R 1441 0 R 1442 0 R 1443 0 R 1444 0 R /Pg 23 0 R << endobj /K 1477 /P 6046 0 R endobj << /K 1406 /Pg 23 0 R >> endobj There can be no assurance that historical trends will continue during the life of any fund. >> 1127 0 obj 3321 0 obj /Lang (EN-US) 1937 0 obj >> 1612 0 obj endobj /S /P /Pg 22 0 R << /S /Artifact << << /Pg 23 0 R /Pg 23 0 R /Lang (EN-US) /S /P /P 6218 0 R >> /K 148 >> endobj >> /Pg 22 0 R /K 1469 /S /P /Pg 23 0 R endobj /Pg 22 0 R << 2276 0 obj /K 1331 endobj /Lang (EN-US) /P 6364 0 R null 876 0 R null 877 0 R null null null 878 0 R null 879 0 R /Pg 24 0 R endobj /K 929 >> /Parent 9 0 R /S /P /S /P /S /P 3267 0 obj /S /P 690 0 obj >> /Pg 25 0 R 22 /Lang (EN-US) /S /P /Pg 25 0 R endobj >> << << /Pg 25 0 R endobj /Pg 13 0 R /K 1211 << /Pg 23 0 R null null null 997 0 R null null null 998 0 R null 999 0 R /Lang (EN-US) 74 0 obj /S /P /P 74 0 R /T () 2850 0 R 2851 0 R null 2852 0 R null 2853 0 R null 2854 0 R null 2855 0 R 1391 0 obj 4232 0 obj /P 10 0 R << >> endobj >> << /Pg 22 0 R endobj /K 243 << >> /Pg 23 0 R >> 542 0 obj << >> 3766 0 obj 3541 0 obj /S /Artifact /Pg 23 0 R << /S /Artifact /Pg 24 0 R << 3783 0 obj /P 6724 0 R /S /P /Lang (EN-US) /Pg 22 0 R >> /Pg 23 0 R endobj 3450 0 obj endobj /Lang (EN-US) << endobj /P 6684 0 R 2325 0 obj /S /P 970 0 obj /P 5553 0 R 3663 0 obj 1209 0 obj 1119 0 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/Pg 22 0 R /S /P /P 5231 0 R /S /Artifact 2921 0 obj /S /P >> endobj 550 0 obj endobj endobj << endobj /S /P /Pg 24 0 R /S /Artifact /S /P 1996 0 obj /Pg 16 0 R /Pg 24 0 R /S /P >> << /S /Artifact /Pg 24 0 R 1605 0 obj 1969 0 obj 3117 0 obj endobj 1940 0 obj >> /K 372 /Pg 23 0 R /K 195 /S /P /S /P /S /Artifact 3233 0 obj /S /P /K 18 2705 0 obj /Pg 24 0 R /S /P /Pg 24 0 R /Lang (EN-US) /S /P 2845 0 R null 2846 0 R null 2847 0 R null 2848 0 R null 2849 0 R null >> /S /P endobj << endobj endobj /Pg 23 0 R /S /P /P 6429 0 R >> >> /P 10 0 R 4301 0 obj 1594 0 obj 2838 0 obj endobj /K 1171 /P 6381 0 R >> /K 75 /K 298 2207 0 obj /Pg 22 0 R 3608 0 obj 3920 0 obj >> /Pg 25 0 R /S /P /S /P /Pg 23 0 R /S /P >> /Pg 18 0 R << >> /Pg 22 0 R /Lang (EN-US) /S /P /Pg 24 0 R /Pg 22 0 R /P 6588 0 R /Pg 24 0 R << /Pg 22 0 R /Pg 25 0 R 402 0 obj endobj /Pg 24 0 R /K 958 /Pg 13 0 R >> /Lang (EN-US) /Lang (EN-US) >> >> endobj /Pg 23 0 R endobj >> << endobj 3255 0 obj endobj << /K 21 /Lang (EN-US) /K 1413 3871 0 obj endobj /Lang (EN-US) 903 0 obj /Pg 22 0 R >> << /K 1527 102 0 obj >> endobj /K 906 /S /P endobj /Pg 24 0 R 1078 0 obj endobj >> /Pg 25 0 R /S /P /Pg 15 0 R >> /Pg 24 0 R endobj >> endobj /K 580 /K 160 >> >> endobj 111 0 R 107 0 R 107 0 R 107 0 R 107 0 R 107 0 R 133 0 R 133 0 R 133 0 R 133 0 R endobj endobj << /Pg 24 0 R /Lang (EN-US) It is often said policy takes around 6-12 months to take effect. endobj << >> null 596 0 R null 597 0 R 598 0 R null null 599 0 R null 600 0 R /Lang (EN-US) << /K 9 /Pg 23 0 R << >> << << /Lang (EN-US) << /Pg 25 0 R /K 559 endobj << /Lang (EN-US) 3884 0 obj 3842 0 obj /Lang (EN-US) /P 6454 0 R /S /Artifact endobj /K 1324 /S /P << 2834 0 obj /Lang (EN-US) endobj >> >> /Pg 24 0 R endobj /K 1479 endobj /K 1220 << 1372 0 obj /P 5334 0 R /Pg 17 0 R /K 1193 << << /S /Artifact /P 6703 0 R /S /Artifact /P 5486 0 R /K 3 /Lang (EN-US) /S /Artifact endobj << >> /S /Artifact /K 79 /Pg 24 0 R endobj /Pg 22 0 R << /Pg 22 0 R /K [41 42 43 44] >> << << endobj 838 0 obj 2513 0 obj /K 1042 >> /K 1351 4243 0 obj 4021 0 obj /S /P /Lang (EN-US) /K 869 /S /Artifact /Lang (EN-US) /P 10 0 R << /K 368 /K 1195 /Pg 25 0 R /K [1341 1342] 4027 0 obj 1433 0 obj 2065 0 obj 3483 0 obj /Lang (EN-US) /Pg 24 0 R /P 10 0 R /Lang (EN-US) endobj 2439 0 obj /Pg 25 0 R 1795 0 obj /Pg 24 0 R << /S /Artifact >> endobj /Pg 25 0 R >> >> 2918 0 obj /K 250 2862 0 obj endobj >> /S /Artifact /Pg 24 0 R /P 5503 0 R /P 6263 0 R /S /Artifact /Pg 23 0 R /P 4728 0 R << << /S /P endobj /K 463 /Pg 24 0 R /P 10 0 R >> /S /P /Pg 23 0 R 4311 0 obj << >> /Lang (EN-US) /Pg 23 0 R /K 878 /Lang (EN-US) /Pg 22 0 R /Pg 25 0 R endobj /Pg 23 0 R endobj >> /Lang (EN-US) 1208 0 R 1209 0 R 1210 0 R 1211 0 R 1212 0 R 1213 0 R 1214 0 R 1215 0 R 1216 0 R 1217 0 R >> 3435 0 obj /Pg 23 0 R endobj /K 1279 276 0 obj >> /P 5007 0 R r bcErZ%+GXiC 5=:e5}cK >> << /Pg 23 0 R /Pg 22 0 R /K 1288 << << /S /P /K 766 1399 0 obj << 3587 0 obj >> 4251 0 obj /S /Artifact /S /P /S /Artifact /K 1299 /Pg 23 0 R >> 4228 0 obj /S /P /Pg 17 0 R /S /P endobj >> endobj /Lang (EN-US) 2050 0 obj << /S /P /P 5631 0 R endobj /K 28 /P 6604 0 R /Lang (EN-US) endobj << /S /P 2426 0 obj << /Pg 22 0 R /K 1237 null 2700 0 R null 2701 0 R 2702 0 R null 2703 0 R null 2704 0 R null >> /K 1437 /P 4887 0 R /S /Artifact /K 1476 /S /P 1535 0 R 1536 0 R 1537 0 R 1538 0 R 1539 0 R 1540 0 R 1541 0 R 1542 0 R 1543 0 R 1544 0 R endobj << endobj /P 5715 0 R /Pg 18 0 R >> /P 5086 0 R 1717 0 obj << 4010 0 obj << >> /Pg 25 0 R /Pg 23 0 R endobj /S /P /Pg 23 0 R << /Pg 23 0 R endobj >> /K 532 /K 1406 << /K 1354 /Pg 24 0 R /S /Artifact >> << endobj endobj >> >> /S /P >> /S /P /S /Artifact endobj /K 1285 /Lang (EN-US) /K 337 << /P 6115 0 R >> /S /P /K 778 >> /Lang (EN-US) endobj 401 0 obj /Pg 25 0 R 3452 0 obj /P 6377 0 R endobj /S /Artifact 2819 0 obj << /K 884 1792 0 R null null 1793 0 R null null null 1794 0 R null null /S /Artifact /Pg 25 0 R /S /P 1475 0 R 1476 0 R 1477 0 R 1478 0 R 1479 0 R 1480 0 R 1481 0 R 1482 0 R 1483 0 R 1484 0 R << << /Lang (EN-US) 1316 0 obj endobj << null 765 0 R null 766 0 R null 767 0 R null 768 0 R null 769 0 R >> >> << /S /Artifact 3218 0 obj /S /Artifact << 3469 0 obj /S /P /P 6087 0 R << /P 5778 0 R /Lang (EN-US) >> /S /P /Lang (EN-US) endobj << /Lang (EN-US) /P 6707 0 R /Lang (EN-US) /K 1186 2308 0 obj /S /P 1390 0 obj 2843 0 obj endobj << >> /S /P /Pg 22 0 R /P 4808 0 R /S /P /Pg 22 0 R /Lang (EN-US)

Otto Nicholas Detroit, Articles C


cliffwater direct lending index

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