cliffwater direct lending index

UK. 976 0 obj /K 1128 /S /P /K 102 null null 3847 0 R null 3848 0 R null 3849 0 R null 3850 0 R null >> << /S /P /K 1415 /P 5107 0 R /Pg 24 0 R /S /P /Pg 22 0 R /P 152 0 R /S /Artifact 2394 0 obj << 107 0 R 108 0 R 109 0 R 110 0 R 111 0 R 112 0 R 113 0 R 114 0 R 115 0 R 116 0 R /Lang (EN-US) endobj /P 6595 0 R /S /P /K 903 /P 6489 0 R endobj /Lang (EN-US) 3006 0 obj /P 6646 0 R /P 10 0 R 2032 0 obj /S /P endobj endobj 700 0 obj >> endobj >> >> endobj /Type /Annot /S /P 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 20 0 R /S /Artifact >> endobj >> 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 53 0 obj /Pg 22 0 R /P 5865 0 R 1069 0 obj << /Pg 13 0 R 3038 0 obj >> endobj endobj endobj >> /Type /Page >> /Pg 24 0 R /S /P >> /S /P /Pg 23 0 R /K 1160 << /S /Artifact << /Pg 15 0 R << /K 782 /K 513 >> 1105 0 obj /Lang (EN-US) endobj 3636 0 obj /P 5373 0 R endobj << endobj /Lang (EN-US) >> 1783 0 obj /P 5428 0 R endobj << /Lang (EN-US) /K 5 /K 213 << /S /Artifact >> /K 1035 /P 6671 0 R /S /Artifact /P 4707 0 R 2664 0 obj 1322 0 obj /Pg 25 0 R endobj /Lang (EN-US) /Pg 25 0 R /Pg 22 0 R << /Pg 25 0 R /S /Artifact << /S /P /P 4868 0 R endobj /Lang (EN-US) endobj /Pg 23 0 R << /Lang (EN-US) /Lang (EN-US) /Lang (EN-US) /Pg 24 0 R /Lang (EN-US) /S /Artifact /K 1465 << /K 1420 << /K 9 /P 5465 0 R /Lang (EN-US) << /K 1321 << /Lang (EN-US) /Pg 25 0 R endobj /K 153 << /Pg 22 0 R >> /Pg 22 0 R << endobj /S /P /P 6601 0 R << /K 620 1048 0 obj >> /S /P 459 0 obj /Pg 23 0 R << 1717 0 obj /T () >> << /K 1149 /P 4780 0 R /Pg 25 0 R >> null 443 0 R 140 0 R 444 0 R 143 0 R 445 0 R 145 0 R 446 0 R 152 0 R 148 0 R endobj 67 0 obj 3284 0 obj 2865 0 obj 2731 0 obj /S /Artifact << endobj /P 6367 0 R /Pg 24 0 R /K 146 /K 290 endobj 3427 0 obj /S /P /Lang (EN-US) /K 73 << >> >> >> /S /P >> /K 1350 << /K 44 /Pg 23 0 R /S /P endobj endobj /Pg 24 0 R /Lang (EN-US) endobj 4226 0 obj << << endobj /S /Artifact << /Lang (EN-US) << /S /Artifact /K 4 endobj >> /K 1397 /Pg 22 0 R >> << >> endobj /Lang (EN-US) /S /Table 2429 0 obj 3234 0 R 3235 0 R 3236 0 R 3237 0 R 3238 0 R 3239 0 R 3240 0 R 3241 0 R 3242 0 R 3243 0 R /P 6356 0 R /S /P /K 2 /K 14 2095 0 obj /S /Artifact endobj << << >> >> >> endobj >> >> << << /Pg 24 0 R << /Pg 23 0 R /S /P >> /K 666 /K 542 /S /Artifact /S /P /S /P /P 6289 0 R /K 602 << /S /P /S /P >> /K 110 << 849 0 obj /S /Artifact /S /P /Pg 24 0 R /Lang (EN-US) >> 942 0 R null 943 0 R 944 0 R null 945 0 R null 946 0 R null 947 0 R /Lang (EN-US) /P 33 0 R <> /K 744 1171 0 obj /Lang (EN-US) /S /Artifact >> 3421 0 R null null null 3422 0 R null 3423 0 R null 3424 0 R null 4174 0 R 4175 0 R 4176 0 R 4177 0 R 4178 0 R 4179 0 R 4180 0 R 4181 0 R 4182 0 R 4183 0 R >> /P 10 0 R /Pg 22 0 R /Pg 24 0 R endobj >> 4169 0 obj 65 0 R 66 0 R 68 0 R 69 0 R 70 0 R null 72 0 R 73 0 R 75 0 R 76 0 R /Pg 25 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 /Lang (EN-US) >> endobj endobj 3128 0 obj /Lang (EN-US) /S /P << 106 0 obj /K 1376 /S /P 3673 0 obj << /Pg 23 0 R endobj /P 4983 0 R /S /Artifact /Pg 22 0 R << << /K 1113 /K 1064 /Pg 23 0 R 2015 0 obj /K 1433 endobj 3942 0 obj /S /P endobj 1599 0 obj /S /Artifact endobj << /Lang (EN-US) endobj /K 592 null 2886 0 R 2887 0 R null 2888 0 R null 2889 0 R null 2890 0 R null endobj /P 5252 0 R /Pg 23 0 R /K 1475 /S /Artifact /S /P endobj /K 844 null null 1832 0 R null 1833 0 R null 1834 0 R null 1835 0 R null /Pg 23 0 R << endobj endobj /Pg 23 0 R endobj /S /P << /S /P 853 0 obj endobj 992 0 obj endobj /Lang (EN-US) /K 1129 /Pg 23 0 R << /Pg 25 0 R >> >> 3896 0 obj /K 350 /S /Artifact endobj 2159 0 obj /S /Figure Survey of Corporate Pension Disclosures for Fiscal Years Ending 2003 /P 5803 0 R /Pg 23 0 R /K 174 /K 1165 >> /K 1388 4205 0 obj << endobj /Lang (EN-US) << /Pg 23 0 R 4071 0 obj >> 556 0 obj << << /K 314 >> >> /S /Artifact /P 10 0 R >> endobj /Pg 23 0 R /Pg 24 0 R /Pg 18 0 R endobj 3271 0 obj >> >> >> endobj /Pg 18 0 R /S /P >> >> /S /P endobj /P 10 0 R 2277 0 obj 2850 0 R 2851 0 R null 2852 0 R null 2853 0 R null 2854 0 R null 2855 0 R /K 320 /K [12 4631 0 R] 3705 0 obj 3920 0 obj /Pg 23 0 R /P 5076 0 R >> >> endobj /K 1144 /Pg 24 0 R << 1785 0 obj /Pg 25 0 R /K 1035 /K 1121 /P 10 0 R endobj 1531 0 obj /S /P endobj << /Pg 25 0 R /Pg 22 0 R endobj /Pg 25 0 R >> /Pg 22 0 R /K 925 << /Pg 23 0 R /Lang (EN-US) /K 163 endobj >> /S /Artifact 4299 0 obj >> /K 134 endobj /S /Artifact << /S /P /Lang (EN-US) /K 1508 >> << 1256 0 obj endobj >> /Pg 24 0 R 1094 0 obj /S /P endobj /Pg 24 0 R /S /P endobj << 1177 0 obj /S /Artifact /K [1340 1341] endobj << /Pg 22 0 R endobj /S /P /S /P /K 352 /Pg 19 0 R endobj << << << 3167 0 obj /Pg 18 0 R /S /Artifact /Pg 25 0 R 248 0 obj /K 1430 >> /Lang (EN-US) << null 3603 0 R null 3604 0 R null 3605 0 R null 3606 0 R null 3607 0 R /P 5647 0 R endobj /S /P /K 743 /K 331 endobj >> >> /P 4954 0 R >> endobj /Pg 25 0 R /P 6543 0 R >> endobj /S /Artifact endobj endobj 2661 0 obj 1095 0 obj /P 6371 0 R 1309 0 obj >> >> << << >> /K 23 >> /K 1471 >> /S /P 1678 0 obj 433 0 obj /P 5526 0 R /S /P endobj /Pg 23 0 R /Pg 24 0 R << /Pg 15 0 R /Pg 23 0 R endobj endobj 2824 0 obj 1222 0 obj >> >> /K 1435 2662 0 obj /S /P /Pg 23 0 R /P 6717 0 R /Pg 16 0 R /K 6 /Lang (EN-US) 2413 0 R 2414 0 R 2415 0 R 2416 0 R 2417 0 R 2418 0 R 2419 0 R 2420 0 R 2421 0 R 2422 0 R << 3742 0 obj >> >> /S /P /Pg 25 0 R /S /P 3654 0 obj /K 1547 /Pg 23 0 R /Lang (EN-US) >> /K 693 /P 10 0 R /Contents 4358 0 R /K 40 << endobj 1856 0 obj 352 0 obj << 865 0 R null 866 0 R null 867 0 R null 868 0 R null 869 0 R null << /Pg 19 0 R /S /Artifact /Pg 23 0 R << /S /P 1997 0 obj >> /Pg 25 0 R << /Pg 22 0 R /Pg 22 0 R endobj 1646 0 R null null null 1647 0 R null 1648 0 R null 1649 0 R null /K 1283 4131 0 obj endobj /P 5005 0 R 481 0 obj >> << 2150 0 obj /P 10 0 R /S /P /K 1277 endobj >> /Lang (EN-US) /Pg 20 0 R << >> /K 720 >> 3533 0 obj endobj /P 4825 0 R /S /Artifact /S /P endobj null 2904 0 R null null null 2905 0 R null 2906 0 R null 2907 0 R /P 4430 0 R >> /S /P /S /P /Pg 23 0 R /Pg 24 0 R << 3368 0 obj /S /P << 1493 0 obj /P 10 0 R /S /P /Pg 24 0 R /Pg 23 0 R >> /S /Artifact endobj /Lang (EN-US) endobj 866 0 obj /P 5572 0 R >> /P 5447 0 R >> /Lang (EN-US) /S /LBody endobj /K 795 >> /Pg 15 0 R << endobj /S /Artifact << /Pg 24 0 R >> null 579 0 R 580 0 R null null 581 0 R null 582 0 R 583 0 R null >> /Lang (EN-US) << /Pg 25 0 R /Lang (EN-US) /K 1029 m /Parent 9 0 R endobj >> /S /Artifact /Pg 22 0 R << 1984 0 obj << /K 849 endobj /S /P endobj /Lang (EN-US) endobj 2349 0 obj /S /P /K 1124 507 0 obj /Lang (EN-US) 1615 0 obj /K 1242 endobj 2340 0 obj endobj 1669 0 obj 134 0 obj /K 1422 << /S /P /Pg 23 0 R /Pg 22 0 R /S /P /P 5514 0 R null 1678 0 R null 1679 0 R null 1680 0 R null 1681 0 R null null endobj >> /K 1180 << /S /P /K 1159 /K 541 << /S /Artifact /S /P /Lang (EN-US) >> /Pg 23 0 R /Pg 22 0 R /Lang (EN-US) 2181 0 obj 1834 0 obj endobj /Pg 25 0 R /Pg 24 0 R >> 463 0 R 464 0 R 465 0 R null 466 0 R null 467 0 R null 468 0 R 469 0 R << << /Lang (EN-US) << /K 1269 /K 1238 endobj /Lang (EN-US) >> 10 0 obj /S /P /K 587 /Pg 25 0 R >> /P 6142 0 R /P 6568 0 R /S /P /K 1434 /Lang (EN-US) >> /K 44 >> /S /P /P 5625 0 R endobj /Lang (EN-US) /K 245 /Pg 25 0 R /Pg 23 0 R endobj << /S /Figure endobj << /S /P /K 90 >> endobj >> /K 505 endobj endobj /Pg 23 0 R 1054 0 obj null 2930 0 R null 2931 0 R null 2932 0 R null 2933 0 R null 2934 0 R /K 1408 /K 1445 /K 30 /S /Artifact >> /K 536 /Pg 22 0 R >> endobj /S /Artifact 3746 0 obj 2088 0 obj /S /Artifact /Pg 24 0 R /Pg 19 0 R << 2036 0 obj 4134 0 R 4135 0 R 4136 0 R 4137 0 R 4138 0 R 4139 0 R 4140 0 R 4141 0 R 4142 0 R 4143 0 R 1956 0 R null 1957 0 R 1958 0 R null 1959 0 R null 1960 0 R null 1961 0 R /S /P >> /Pg 23 0 R /Lang (EN-US) << endobj << /Pg 25 0 R << endobj >> endobj null 921 0 R null 922 0 R null 923 0 R null 924 0 R null null /Pg 22 0 R /P 6670 0 R /Pg 14 0 R /Lang (EN-US) 405 0 obj >> /S /Artifact /K 437 endobj <> << /Pg 22 0 R /Pg 23 0 R << >> /Lang (EN-US) /K 685 /Pg 25 0 R null 1823 0 R null 1824 0 R null 1825 0 R 1826 0 R null 1827 0 R null >> /S /Artifact 3667 0 obj >> << endobj /P 5047 0 R /S /Artifact /Pg 25 0 R /K 171 17 0 obj 2156 0 R 2157 0 R 2158 0 R 2159 0 R 2160 0 R 2161 0 R 2162 0 R 2163 0 R 2164 0 R 2165 0 R endobj endobj << 2261 0 obj /S /P /S /P null 3834 0 R null null null 3835 0 R null 3836 0 R null 3837 0 R /Lang (EN-US) << << >> endobj /Pg 24 0 R /S /P 3798 0 obj /Pg 22 0 R /S /Figure 1756 0 obj >> 4233 0 obj endobj << 1650 0 R null 1651 0 R null 1652 0 R 1653 0 R null 1654 0 R null 1655 0 R /S /Artifact 113 0 obj null 642 0 R null 643 0 R null null null 644 0 R null null 1780 0 obj /S /P /S /Artifact /S /Artifact /Lang (EN-US) /Pg 18 0 R /S /Artifact >> endobj /K 3 /K 1301 >> endobj /K 530 /K 513 /S /P /S /P 1798 0 obj endobj /S /P >> endobj << /Pg 24 0 R /Pg 24 0 R /Type /Annot << <> endobj 219 0 obj >> /Lang (EN-US) << << 3243 0 obj endobj << << 128 0 obj endobj /S /P 2428 0 obj /P 4898 0 R /Lang (EN-US) /P 6465 0 R 20 0 obj The CDLI. /S /Artifact /S /P /Lang (EN-US) /P 5650 0 R /Pg 23 0 R /Pg 24 0 R /K 1456 >> /S /Artifact /S /Artifact << >> << /S /Artifact >> 1574 0 obj endobj << /K 513 2997 0 R 2998 0 R 2999 0 R 3000 0 R 3001 0 R 3002 0 R 3003 0 R 3004 0 R 3005 0 R 3006 0 R /K 546 /S /Artifact 3587 0 obj endobj 4259 0 obj /P 5762 0 R /Pg 25 0 R >> /S /Artifact /Pg 24 0 R /S /Artifact 3045 0 obj 3674 0 R null 3675 0 R null 3676 0 R null 3677 0 R null null null /S /P /S /P /P 6680 0 R /S /Artifact /Pg 23 0 R /K 911 endobj >> << /Pg 18 0 R 4210 0 obj 775 0 obj << 1030 0 obj endobj 406 0 obj /Lang (EN-US) endobj >> /Pg 16 0 R endobj /Pg 24 0 R /K 716 /Pg 24 0 R endobj 879 0 obj /Lang (EN-US) 3245 0 obj << >> 3779 0 obj /Pg 24 0 R /P 4725 0 R endobj << 1196 0 obj /Pg 25 0 R /Pg 22 0 R /Pg 18 0 R >> /S /Artifact /Lang (EN-US) endobj J.P.Morgan, Guide to Alternatives, 2Q 2020. /Pg 25 0 R << /Lang (EN-US) >> /Pg 14 0 R /K 283 2639 0 obj /Pg 22 0 R /Pg 23 0 R /A 4673 0 R /Pg 24 0 R 559 0 obj >> 2423 0 R 2424 0 R 2425 0 R 2426 0 R 2427 0 R 2428 0 R 2429 0 R 2430 0 R 2431 0 R 2432 0 R /K 670 3374 0 R 3375 0 R 3376 0 R 3377 0 R 3378 0 R 3379 0 R 3380 0 R 3381 0 R 3382 0 R 3383 0 R /Pg 25 0 R /K 1176 /P 5464 0 R endobj endobj << >> /Pg 24 0 R >> /Pg 22 0 R /K 1254 /Lang (EN-US) /K 76 /Pg 23 0 R endobj >> /K 1278 endobj >> >> 4123 0 obj /S /Artifact 3884 0 obj /Pg 22 0 R /K [4440 0 R 4441 0 R 4442 0 R 4443 0 R 4444 0 R 4445 0 R 4446 0 R 4447 0 R] >> 2430 0 obj /Pg 25 0 R endobj /S /Artifact Hewlett-Packard Company >> endobj /S /Artifact /Pg 22 0 R /Lang (EN-US) endobj <> 1401 0 obj /K 678 endobj 238 0 obj /S /P /S /P >> /S /Artifact /K 1233 >> /Pg 23 0 R /Pg 23 0 R 2029 0 obj endobj << /S /P /P 5882 0 R endobj /S /P /Pg 25 0 R /Pg 22 0 R endobj /S /Sect 797 0 R null 798 0 R null 799 0 R null null null 800 0 R null /Pg 16 0 R << endobj << /Pg 24 0 R /K 1345 << /Pg 25 0 R /K 697 /Lang (EN-US) /Pg 17 0 R endobj /A 4458 0 R r bcErZ%+GXiC 5=:e5}cK endobj << /K 25 /K 1100 >> >> /Pg 23 0 R /Pg 23 0 R /Pg 24 0 R /Annotation /Span null 569 0 R null 570 0 R 571 0 R null null 572 0 R null 573 0 R /Lang (EN-US) /S /P >> endobj /Lang (EN-US) /K 233 /P 6172 0 R /S /P /Lang (EN-US) /Pg 16 0 R /Pg 19 0 R >> /S /P endobj >> 2998 0 obj 2466 0 obj 418 0 obj /P 5931 0 R /S /Artifact endobj endobj endobj /K 1364 << 1021 0 obj >> endobj >> endobj endobj /K 738 /Pg 24 0 R endobj 4073 0 obj /K 399 2656 0 R null 2657 0 R null 2658 0 R null null null 2659 0 R null >> /Pg 22 0 R 724 0 obj << >> /Lang (EN-US) /K 46 /Pg 25 0 R /P 5245 0 R 3569 0 obj endobj << 1672 0 R null 1673 0 R null 1674 0 R null 1675 0 R null 1676 0 R 1677 0 R /S /Artifact /S /Artifact /S /Artifact 3644 0 obj /Pg 24 0 R 3668 0 obj /S /P /K 1409 endobj /S /P /Pg 25 0 R << /Lang (EN-US) /Pg 22 0 R >> /P 4855 0 R /Pg 22 0 R endobj endobj endobj >> /P 6377 0 R /Lang (EN-US) endobj endobj << >> /K 662 null 713 0 R null 714 0 R null 715 0 R null null null 716 0 R endobj /S /P 3607 0 obj /Pg 24 0 R /K 867 >> 533 0 obj 1242 0 obj /K 1347 /K [1341 1342] 172 0 obj /Lang (EN-US) 2830 0 obj /K 666 << /Lang (EN-US) /Pg 25 0 R /S /P endobj <> << << 859 0 obj 2164 0 obj 125 0 obj /S /P /S /P /K 51 /Lang (EN-US) /P 5943 0 R >> /K 1314 >> >> 856 0 obj null 1984 0 R null 1985 0 R null 1986 0 R null null null 1987 0 R /K 175 null null 1058 0 R null 1059 0 R null 1060 0 R null 1061 0 R null /K 1507 endobj /Lang (EN-US) /Pg 24 0 R /K 740 1694 0 obj endobj << endobj /Pg 25 0 R /P 4726 0 R 224 0 obj /Lang (EN-US) << /Lang (EN-US) /Pg 18 0 R /Lang (EN-US) /Pg 25 0 R /Lang (EN-US) /Parent 8 0 R /K 875 2017 0 obj /S /Artifact /K 688 /S /P /S /P /Pg 24 0 R /K 1538 /Pg 22 0 R /Lang (EN-US) 1662 0 obj /Pg 22 0 R endobj >> /Lang (EN-US) /Lang (EN-US) /S /P /Contents 4384 0 R /S /P << /S /P >> endobj /S /P 1092 0 obj >> /Parent 4 0 R endobj << null null 824 0 R null null null 825 0 R null 826 0 R null /Pg 22 0 R 3958 0 obj /Pg 25 0 R /Pg 18 0 R 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 endobj /P 5810 0 R endobj << << 3392 0 obj >> /S /P /Pg 23 0 R endobj /P 5855 0 R /K 1406 /S /P 524 0 obj /P 6109 0 R >> 1955 0 obj /P 6378 0 R endobj >> endobj /P 5822 0 R 1408 0 obj /Pg 22 0 R /Pg 25 0 R /Pg 24 0 R /K 630 >> >> endobj endobj /P 5318 0 R endobj endobj /Pg 22 0 R << /S /Artifact endobj << /S /P /Lang (EN-US) /S /Artifact >> endobj /StructParents 6 /S /Artifact endobj /Lang (EN-US) /P 6679 0 R << /S /Artifact /Pg 25 0 R /Pg 24 0 R /S /Artifact /Pg 23 0 R /P 10 0 R /S /Artifact << 3387 0 obj /K 54 /Pg 24 0 R >> /P 4785 0 R /Pg 24 0 R << 3119 0 obj << << << >> /Pg 25 0 R /S /P 1743 0 obj >> /K [58 59 60 61] /Pg 22 0 R endobj >> endobj endobj 2323 0 R 2324 0 R 2325 0 R 2326 0 R 2327 0 R 2328 0 R 2329 0 R 2330 0 R 2331 0 R 2332 0 R /P 6398 0 R /P 10 0 R << /K 1499 endobj /K 1154 /K 715 >> << >> /P 6617 0 R /S /Artifact endobj /K 713 >> /Lang (EN-US) << /Pg 25 0 R << /S /Artifact >> /K 1213 /Pg 24 0 R /P 6275 0 R /K 209 /P 10 0 R << << 4145 0 obj /Lang (EN-US) endobj /Lang (EN-US) /K 1346 /S /P /Lang (EN-US) endobj endobj /K 118 /Pg 25 0 R /S /Artifact >> >> /P 4959 0 R /K 538 /K 1380 /P 5524 0 R /Pg 25 0 R /K 51 /Pg 25 0 R << >> 1225 0 obj /K 1286 << endobj endobj /Pg 22 0 R /Lang (EN-US) /Pg 23 0 R 903 0 obj endobj /Lang (EN-US) /K 1292 >> /P 5164 0 R /Pg 23 0 R endobj /Lang (EN-US) /Pg 25 0 R /S /Artifact endobj /Lang (EN-US) << endobj /Tabs /S /Lang (EN-US) /Pg 22 0 R << /K 1391 >> 477 0 obj endobj >> /S /P /S /P /K 160 >> << 2994 0 obj endobj /K 519 /Chart /Figure /Pg 25 0 R >> /Lang (EN-US) /Pg 23 0 R /K 54 /Pg 23 0 R /Lang (EN-US) endobj /K 439 /Pg 13 0 R /S /P 3641 0 obj /Lang (EN-US) >> /K 1374 /K 1195 >> /Lang (EN-US) 4087 0 obj /Lang (EN-US) >> /K 19 /Lang (EN-US) /S /Artifact << endobj /Lang (EN-US) 3022 0 obj endobj /Pg 22 0 R /K 1541 1321 0 obj endobj 2751 0 obj >> >> 1117 0 obj endobj /K 591 /S /P endobj << /S /Artifact /P 6368 0 R /Lang (EN-US) endobj 3471 0 obj /Pg 22 0 R >> >> /P 5109 0 R endobj /S /Artifact endobj /Lang (EN-US) >> /K 1190 /Pg 19 0 R 2851 0 obj 1308 0 R 1309 0 R 1310 0 R 1311 0 R 1312 0 R 1313 0 R 1314 0 R 1315 0 R 1316 0 R 1317 0 R /P 5765 0 R /K 1155 /Pg 24 0 R endobj 2388 0 obj /K 1466 /Pg 22 0 R << /K 495 1963 0 obj /S /P endobj >> << /S /Artifact /Lang (EN-US) /K 210 2280 0 obj /P 6647 0 R /S /Artifact 4238 0 obj 3244 0 R 3245 0 R 3246 0 R 3247 0 R 3248 0 R 3249 0 R 3250 0 R 3251 0 R 3252 0 R 3253 0 R << /K 85 /P 6151 0 R 171 0 obj 2307 0 obj endobj << 3207 0 obj endobj /Pg 22 0 R << << << endobj endobj /S /P /Lang (EN-US) /S /Artifact 2791 0 obj /Pg 24 0 R 2454 0 obj /S /P /Lang (EN-US) endobj /P 5843 0 R 419 0 obj >> >> /K 1170 >> << 1946 0 obj >> /P 6145 0 R 1638 0 obj /K 152 /K 1260 /Pg 23 0 R endobj 2326 0 obj /S /Artifact <> /Lang (EN-US) /S /Artifact /S /Artifact >> /Pg 22 0 R 2965 0 obj endobj endobj >> << 973 0 obj >> >> << /S /Artifact /Pg 23 0 R >> >> >> /K 1350 /S /Artifact /S /Artifact /Pg 21 0 R endobj << << /Lang (EN-US) /Pg 22 0 R /K 121 endobj >> >> null 694 0 R null 695 0 R null 696 0 R null 697 0 R null 698 0 R << endobj /Lang (EN-US) /Pg 24 0 R endobj /P 5306 0 R /Pg 25 0 R /K 610 /Pg 25 0 R >> /S /Artifact /K 975 endobj /Lang (EN-US) /K 826 /Pg 23 0 R endobj /K 1069 /S /Artifact /S /P >> /P 6171 0 R /S /Artifact 746 0 obj endobj << /Pg 14 0 R >> endobj 1423 0 obj /K 1512 /S /P 3987 0 R 3988 0 R 3989 0 R 3990 0 R 3991 0 R 3992 0 R 3993 0 R 3994 0 R 3995 0 R 3996 0 R /K 1309 3033 0 obj /Lang (EN-US) endobj /K 998 /Pg 22 0 R <> 3411 0 obj /P 5606 0 R 6 [173 0 R 174 0 R 175 0 R 176 0 R 177 0 R 178 0 R null 447 0 R null null >> >> endobj /S /P 2644 0 obj /Lang (EN-US) >> 3379 0 obj 427 0 obj /Pg 22 0 R 669 0 obj /P 6665 0 R << >> 2457 0 obj << /S /P /Lang (EN-US) /S /P 2663 0 obj 843 0 obj /S /Artifact 1464 0 obj /StructParents 9 << << /S /Artifact /S /Artifact << /K 925 << << << /Pg 23 0 R 2451 0 obj /K 188 /Pg 23 0 R /Pg 25 0 R endobj 4039 0 obj >> >> >> << /Pg 24 0 R >> /S /Artifact endobj /Lang (EN-US) endobj >> 598 0 obj /P 6048 0 R /S /P 1288 0 R 1289 0 R 1290 0 R 1291 0 R 1292 0 R 1293 0 R 1294 0 R 1295 0 R 1296 0 R 1297 0 R endobj 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. /K 1134 /Lang (EN-US) << /S /Artifact endobj endobj /S /P /S /Artifact endobj /P 5525 0 R 541 0 obj 2432 0 obj <> << /Lang (EN-US) endobj /Lang (EN-US) 4107 0 obj /Lang (EN-US) /Pg 23 0 R endobj << << >> /Lang (EN-US) /P 4403 0 R >> /Pg 18 0 R /S /P 1383 0 obj endobj << endobj /P 10 0 R << /S /P 3295 0 obj 3808 0 obj endobj >> /S /P /S /P /Lang (EN-US) << 3479 0 obj /S /P /P 5877 0 R /P 6556 0 R /K 78 << << /K 204 /S /Artifact /S /Artifact endobj 3888 0 obj endobj endobj /P 5991 0 R << endobj << /Lang (EN-US) 3864 0 obj 1782 0 obj << /K 329 /K 27 >> endobj null 2784 0 R null null null 2785 0 R null 2786 0 R null 2787 0 R 117 0 obj /S /P << endobj >> endobj /Lang (EN-US) >> << endobj >> <> /S /Artifact endobj /K 1193 /Pg 23 0 R endobj 1362 0 obj /Lang (EN-US) /MarkInfo 2 0 R 2085 0 obj 2079 0 obj << >> /S /P /K 1352 1040 0 obj /Pg 24 0 R <> 1627 0 obj 381 0 obj 2828 0 obj endobj /Pg 19 0 R endobj /Pg 23 0 R /Lang (EN-US) /P 33 0 R /K 641 >> 243 0 obj << >> /P 5247 0 R /Pg 25 0 R /S /Artifact /K 1511 3987 0 obj /K 1480 /P 6147 0 R /Lang (EN-US) /Pg 25 0 R >> /Pg 23 0 R /Lang (EN-US) /Pg 24 0 R /K 351 << >> /K 1106 /Annots [4351 0 R 4352 0 R 4353 0 R 4354 0 R] /K 198 /K 1206 /Pg 22 0 R /K 1389 endobj /Pg 25 0 R /Lang (EN-US) 1395 0 obj >> /K 449 /Lang (EN-US) << /S /P endobj /S /P /S /P /K 1368 /P 5197 0 R endobj 546 0 obj >> 4255 0 obj /S /P /S /P >> 4083 0 obj >> /Lang (EN-US) endobj /K 983 endobj endobj 833 0 obj /Lang (EN-US) 3715 0 obj /P 33 0 R 2097 0 obj endobj << /Lang (EN-US) /Pg 23 0 R /Lang (EN-US) /Pg 23 0 R /S /P /Pg 23 0 R /P 4840 0 R 3951 0 obj 1002 0 obj /S /Artifact <> >> endobj >> /S /P /P 5942 0 R /Pg 23 0 R /Pg 23 0 R /K 348 /S /P /Lang (EN-US) /Pg 24 0 R /P 6081 0 R 3759 0 obj /S /P endobj /K 32 /K 193 /Pg 22 0 R << >> >> /P 5927 0 R /S /Artifact /S /P 2880 0 obj >> 3935 0 obj endobj endobj 3543 0 obj /K 680 /S /P << /S /Artifact /K 900 1397 0 obj /K [9 410 0 R 132] /S /P /Pg 25 0 R /P 6492 0 R endobj >> /K 813 /S /Artifact /Lang (EN-US) 1607 0 obj endobj endobj /Pg 14 0 R /Pg 24 0 R >> /Pg 24 0 R endobj /K 1531 /Pg 25 0 R endobj endobj 4133 0 obj /Lang (EN-US) endobj 1314 0 obj /K 1496 /K 1225 << /Lang (EN-US) endobj << << /Lang (EN-US) endobj /S /Artifact >> >> /S /Artifact /K 1181 >> /K 133 /Pg 24 0 R /P 4957 0 R 923 0 obj /P 5376 0 R << << /S /Artifact 4090 0 obj /S /Artifact << /Lang (EN-US) /Lang (EN-US) /K 1130 1750 0 obj >> 3233 0 obj /Lang (EN-US) /S /P << /S /Artifact /S /P << 3072 0 obj /K 145 /K 948 /Pg 24 0 R /S /P /K 125 << /K 1485 /K 571 /S /Artifact /S /P /Pg 24 0 R /Pg 25 0 R >> /S /Artifact 93 0 obj /K 107 2160 0 obj >> >> 3906 0 obj 3740 0 obj << >> /S /P /S /P /K 659 << 1272 0 obj /P 4997 0 R /K 797 /Lang (EN-US) 658 0 R null 659 0 R null 660 0 R null 661 0 R null 662 0 R 663 0 R /K 208 /Lang (EN-US) /K 603 >> 3542 0 obj 554 0 obj << /S /Artifact null 1071 0 R null 1072 0 R null 1073 0 R null 1074 0 R null 1075 0 R /P 5152 0 R /K 445 /Lang (EN-US) 805 0 obj endobj /K 395 endobj /Pg 22 0 R 4270 0 obj /Lang (EN-US) /S /Artifact >> >> 3893 0 obj 2795 0 obj Cliffwater Direct Lending Index (CDLI) - Primary source of data on middle market corp orate private debt (>7,000 individual loans) - Quarterly performance benchmark for corporat e direct lending going back to Sept 2004 - Market data on yields, defaults, recoveries, borrower size, sponsorship, loan-to-value, etc. endobj /K 823 /Pg 20 0 R endobj /S /P >> 2681 0 obj /Pg 22 0 R << /Pg 22 0 R >> /S /P >> << /Lang (EN-US)

cliffwater direct lending index 2023