cliffwater direct lending index

<< /S /P /K 1206 endobj /S /P 1524 0 obj >> /S /P 1154 0 obj /K 848 /Pg 22 0 R endobj /K 1284 >> endobj /P 10 0 R /S /Artifact /P 5017 0 R /P 10 0 R /S /Artifact <> << endobj >> << 3223 0 obj null 860 0 R 307 0 R null 309 0 R null 861 0 R null null 862 0 R endobj >> /Pg 23 0 R >> endobj << << >> /Lang (EN-US) /S /P << endobj /K 1304 >> endobj << /Pg 24 0 R >> /Pg 22 0 R >> << 1672 0 R null 1673 0 R null 1674 0 R null 1675 0 R null 1676 0 R 1677 0 R 3050 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. /Pg 25 0 R >> /Lang (EN-US) 489 0 obj /S /P /Lang (EN-US) /Lang (EN-US) /P 6218 0 R 3481 0 obj /Contents 4364 0 R >> /Lang (EN-US) /Pg 19 0 R 6 0 obj >> >> << >> /S /P /P 6097 0 R >> 2992 0 obj 3217 0 obj /S /Artifact /P 6082 0 R >> /Lang (EN-US) >> /P 5374 0 R >> /S /Artifact /Pg 22 0 R /S /Artifact /S /Artifact 444 0 obj /Pg 24 0 R >> /Pg 23 0 R endobj << /Pg 25 0 R /Pg 22 0 R /Lang (EN-US) /K 1038 /K 854 /Lang (EN-US) endobj /S /P /Pg 26 0 R << << /K 1439 /S /P /K 100 /Pg 24 0 R /Annots [4360 0 R 4361 0 R 4362 0 R 4363 0 R] /K 612 /P 5394 0 R endobj /Pg 23 0 R /S /P /K 406 /S /P 654 0 obj /S /P /Lang (EN-US) << /S /P /K 467 /Lang (EN-US) 3537 0 obj >> /K 562 endobj /Pg 18 0 R /Pg 22 0 R endobj >> 898 0 obj 1992 0 obj >> /Pg 24 0 R /S /Artifact /P 10 0 R 2870 0 obj /S /P /Pg 20 0 R /K 880 /K 898 2215 0 obj /K 1170 >> << endobj /Pg 22 0 R /K 1448 /K 713 endobj 3345 0 obj endobj /K 1460 3189 0 obj /S /Artifact /K 27 /S /Artifact >> /Lang (EN-US) 645 0 obj /K 1546 /Lang (EN-US) /Lang (EN-US) << 2885 0 obj endobj /Pg 23 0 R /K 1516 >> 1440 0 obj << /K 662 /S /P >> >> /Lang (EN-US) /S /Artifact >> /S /Artifact /S /Artifact << /Lang (EN-US) /K [45 46 47 48 49] /S /Artifact /P 6581 0 R endobj /K 1480 endobj /Lang (EN-US) 100 0 obj >> << endobj /S /Artifact /K 1057 /Pg 23 0 R /P 6506 0 R /Pg 23 0 R /P 4723 0 R endobj endobj /S /P >> 1969 0 obj << /S /P /Lang (EN-US) /Lang (EN-US) /Pg 24 0 R /S /P /S /Artifact /Pg 25 0 R /S /P /S /P /Pg 23 0 R endobj 4322 0 obj 2538 0 obj /K 77 /Lang (EN-US) /Lang (EN-US) /P 6289 0 R <> /Pg 23 0 R /P 6605 0 R << endobj /Pg 25 0 R endobj >> /Pg 25 0 R /Lang (EN-US) /Lang (EN-US) << /K 836 >> /K [78 79 433 0 R 69] /K 1196 /S /P 1167 0 obj << /K 1156 << /S /P endobj /P 4702 0 R /K 23 /Pg 24 0 R << << /S /P /Lang (EN-US) /S /Artifact /Pg 22 0 R endobj 220 0 obj endobj /S /P /Pg 25 0 R /S /Artifact /K 909 >> 3506 0 obj /Pg 23 0 R /P 6020 0 R /Lang (EN-US) /Pg 24 0 R 694 0 obj /K 1477 null null null 3506 0 R null 3507 0 R null 3508 0 R null 3509 0 R >> /Lang (EN-US) /Pg 24 0 R /K 8 null null 1855 0 R null null null 1856 0 R null 1857 0 R null /K 1109 /Pg 21 0 R endobj /K 1239 2314 0 obj endobj /Pg 25 0 R 2717 0 obj /Pg 22 0 R /K 99 /P 10 0 R endobj 2188 0 obj endobj /S /P 2146 0 R 2147 0 R 2148 0 R 2149 0 R 2150 0 R 2151 0 R 2152 0 R 2153 0 R 2154 0 R 2155 0 R << 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 >> /Pg 19 0 R 3277 0 obj /Pg 25 0 R /Lang (EN-US) >> endobj 3783 0 obj /K 1366 << /S /P >> 1946 0 obj 3272 0 obj << endobj /K 593 /K 830 /K 1139 /Pg 24 0 R << 2726 0 obj /Lang (EN-US) 3932 0 obj /Pg 25 0 R /Lang (EN-US) /S /P /Pg 25 0 R /T () /P 5929 0 R endobj >> /K 263 <> 1616 0 obj >> /K 1361 /K 691 endobj /K 795 2456 0 obj endobj << /Pg 25 0 R 2913 0 R null 2914 0 R null 2915 0 R null null null 2916 0 R null /K 457 /K 376 1817 0 obj /K 385 /S /P /P 5741 0 R >> endobj 1005 0 obj 3375 0 obj /Lang (EN-US) /P 5631 0 R 996 0 obj << /Pg 24 0 R /P 10 0 R /Pg 23 0 R endobj << /K 1231 endobj endobj >> /S /P null null 212 0 R 213 0 R 214 0 R 215 0 R 216 0 R 217 0 R 218 0 R 219 0 R /S /Artifact /K 517 /StructParents 0 << 3900 0 obj 246 0 obj /K 23 << << /S /P >> /S /Artifact /Pg 21 0 R /S /Artifact /Pg 24 0 R << >> 2062 0 obj /S /P >> /Pg 25 0 R /K 1333 /K 406 << /S /P /K 63 1 The Cliffwater Direct Lending Index (the "CDLI") seeks to measure the unlevered, gross of fees performance of U.S. middle mar ket corporate loans, as represented by the underlying assets of Business Development Companies ("BDCs"), including both exchange-traded and unlisted BDCs, subject to certain eligibility requirements. /K 1194 << /Pg 14 0 R /K 486 endobj /K 1435 endobj 2981 0 obj /Lang (EN-US) endobj /S /P /Pg 22 0 R >> endobj endobj endobj null 1872 0 R null 1873 0 R 1874 0 R null 1875 0 R null 1876 0 R null /Pg 24 0 R 343 0 obj /S /P endobj >> /S /Artifact << /K 418 /Pg 22 0 R /S /P 2557 0 obj endobj << /S /P /Lang (EN-US) << endobj 3899 0 R 3900 0 R 3900 0 R 3901 0 R 3902 0 R 3903 0 R 3904 0 R 3905 0 R 3905 0 R 3906 0 R 4143 0 obj /S /Artifact /Tabs /S 4041 0 obj 3264 0 R 3265 0 R 3266 0 R 3267 0 R 3268 0 R 3269 0 R 3270 0 R 3271 0 R 3272 0 R 3273 0 R /S /Footnote /Lang (EN-US) << /P 4980 0 R /P 10 0 R 1677 0 obj /S /P /P 6062 0 R /P 5415 0 R /Pg 22 0 R endobj /Pg 22 0 R endobj /S /P 2289 0 obj << /Lang (EN-US) /P 10 0 R /S /Artifact endobj /P 5969 0 R /S /P endobj /S /Artifact /Pg 25 0 R endobj /Lang (EN-US) /S /P 827 0 R null 828 0 R null 829 0 R null 830 0 R 831 0 R null 832 0 R /K 1503 /S /P /K 121 2646 0 obj /Pg 22 0 R /S /P endobj endobj /Pg 22 0 R 2942 0 obj /K 1494 << /Pg 24 0 R /Lang (EN-US) >> << FOR SALE! >> endobj /K 9 /Pg 24 0 R endobj /S /P /Pg 23 0 R endobj /P 10 0 R >> /S /P /K 1265 /K 127 /K 659 /P 5219 0 R /P 5849 0 R endobj >> /S /Artifact /Lang (EN-US) /S /P << << /CropBox [0 0 612 792] /S /Artifact /K 1072 /K 192 841 0 obj 2695 0 obj /K 1413 /K 1006 /K 1124 /K 1361 /S /Artifact /P 4896 0 R /Lang (EN-US) /S /Artifact endobj 2403 0 R 2404 0 R 2405 0 R 2406 0 R 2407 0 R 2408 0 R 2409 0 R 2410 0 R 2411 0 R 2412 0 R /K 998 >> 2957 0 obj /Pg 22 0 R 1101 0 obj /S /P /K 1222 endobj /Pg 25 0 R 1631 0 obj 2121 0 obj /K 399 /K 1218 /K 1381 /S /Artifact /Pg 25 0 R >> /S /P >> /Lang (EN-US) 3284 0 obj endobj /Subtype /Link << /Lang (EN-US) /Pg 23 0 R /Lang (EN-US) null 907 0 R 908 0 R null 909 0 R null 910 0 R null 911 0 R null << /K 1195 911 0 obj 1491 0 obj endobj "The positive effect is direct lending gains market share, which has . /Pg 22 0 R /Pg 23 0 R endobj 285 0 obj << /P 6523 0 R 422 0 obj /K 1258 126 0 obj /K 1357 /Pg 15 0 R /Lang (EN-US) << /Lang (EN-US) /Lang (EN-US) /Pg 13 0 R endobj << 3851 0 R null 3852 0 R 3853 0 R null 3854 0 R null 3855 0 R null 3856 0 R << /Pg 26 0 R /Pg 25 0 R /Pg 25 0 R >> 1239 0 obj /Parent 9 0 R /Pg 24 0 R /S /Artifact 3498 0 obj << << << << /S /P 2137 0 obj endobj /P 4861 0 R /K 1534 3786 0 obj >> /K 1361 endobj << 3049 0 obj /S /Artifact /K 273 /S /P >> /Pg 22 0 R /Lang (EN-US) << 1250 0 obj /P 6352 0 R /K 1140 >> /P 6275 0 R endobj >> >> << /Pg 16 0 R /StructParents 9 /K 442 /Pg 24 0 R /P 5476 0 R /K 1188 3288 0 obj /S /Artifact null 1943 0 R null 1944 0 R null 1945 0 R 1946 0 R null 1947 0 R null endobj /Pg 23 0 R /Lang (EN-US) <> /K 1542 /Lang (EN-US) /Pg 19 0 R /S /Artifact /S /Artifact /S /P /P 5933 0 R /Pg 24 0 R endobj /K 559 4038 0 obj /K 1396 /K 1348 /S /Artifact /K 1283 << >> << /Pg 21 0 R /Pg 25 0 R 4215 0 obj endobj << /S /P /Pg 20 0 R /S /Artifact /Lang (EN-US) endobj << >> Middle-market direct lending has evolved over the last 20 years, and many institutional investors increasingly view it as a strategic portfolio allocation. << endobj /Pg 22 0 R << null null 3750 0 R null null null 3751 0 R null 3752 0 R null << >> 3106 0 obj /P 10 0 R 660 0 obj /K 1310 3512 0 obj /Pg 22 0 R endobj /S /P >> >> >> 419 0 obj << >> >> /K 965 /K 133 /S /P /K 1470 /S /Artifact endobj >> /K 38 << /S /P /Pg 25 0 R /K [11 355 0 R 138] 3067 0 obj >> 1395 0 R 1396 0 R 1397 0 R 1398 0 R 1399 0 R 1400 0 R 1401 0 R 1402 0 R 1403 0 R 1404 0 R 4331 0 obj /P 5638 0 R /Pg 22 0 R endobj /Pg 24 0 R /K 624 /K 1256 >> /P 10 0 R >> /Pg 24 0 R endobj /Pg 23 0 R endobj /K 1263 >> /Pg 25 0 R 3532 0 obj endobj /Pg 25 0 R >> 2613 0 obj /Pg 22 0 R endobj /K 1407 >> 4210 0 obj /Pg 25 0 R >> endobj /Lang (EN-US) >> endobj /S /P /P 10 0 R << endobj /Pg 24 0 R /Pg 16 0 R /P 6722 0 R endobj /S /Artifact >> << /K 1437 >> >> 1134 0 obj endobj >> /Contents 4355 0 R endobj /P 5932 0 R >> /P 10 0 R /Pg 25 0 R /Lang (EN-US) /Pg 22 0 R /S /P 3325 0 obj /S /Artifact >> 3556 0 obj >> 644 0 obj /P 5404 0 R >> endobj /P 5429 0 R <> << /Pg 24 0 R /S /Artifact /S /Artifact /Lang (EN-US) endobj endobj /Pg 24 0 R >> endobj /P 6570 0 R endobj << /Lang (EN-US) /Lang (EN-US) 89 0 obj /Pg 24 0 R /S /Artifact /Lang (EN-US) 2438 0 obj /S /Artifact /Lang (EN-US) 2411 0 obj >> << /Lang (EN-US) >> 2143 0 obj /S /Artifact 2800 0 obj << 723 0 obj /S /P endobj << /Pg 25 0 R >> 4164 0 R 4165 0 R 4166 0 R 4167 0 R 4168 0 R 4169 0 R 4170 0 R 4171 0 R 4172 0 R 4173 0 R 116 0 obj endobj endobj 2688 0 obj << 3767 0 obj >> /K 1103 3773 0 obj Volatile public markets and interest rate increases could lead more investors to boost their exposure to private credit at a time when the same economic factors are threatening to slow transaction. endobj 770 0 obj /Pg 22 0 R /S /P << >> /S /Artifact /Lang (EN-US) /Pg 24 0 R 4290 0 obj /Lang (EN-US) endobj /Lang (EN-US) endobj /S /Artifact << >> /K 1424 3129 0 obj >> << << /S /P << /Pg 23 0 R /P 5328 0 R endobj << /Lang (EN-US) 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 /K 165 /S /P /Pg 19 0 R /S /P 3076 0 obj 1444 0 obj >> >> >> >> /Pg 22 0 R << /S /Artifact /K 1169 /S /Artifact /S /P /S /Artifact >> >> endobj endobj /K 885 >> /P 6706 0 R 776 0 obj /P 6182 0 R /Lang (EN-US) /K 500 /Pg 22 0 R >> endobj << /S /P << /Pg 24 0 R /S /Artifact /S /P /K 627 endobj endobj << << 399 0 obj << /K 1271 4103 0 obj >> /K 212 /Lang (EN-US) endobj /K 187 << /Lang (EN-US) /P 6733 0 R /Pg 24 0 R /P 6343 0 R /K 1384 /S /P endobj /K 148 /Pg 13 0 R /P 4954 0 R >> 174 0 obj << /K 1456 endobj /K 1221 /K 1535 3836 0 obj << 803 0 obj <> << endobj << << /P 4787 0 R /Pg 24 0 R << endobj 548 0 R 549 0 R 550 0 R 551 0 R 552 0 R 553 0 R 554 0 R 555 0 R 556 0 R 557 0 R /Pg 23 0 R /P 5290 0 R /K 1304 651 0 obj << /S /P /Pg 25 0 R endobj <> << /S /Artifact 1327 0 obj /P 6331 0 R /K 1058 /Pg 19 0 R /P 5445 0 R >> <> >> /K 317 endobj >> /P 5647 0 R << endobj << <> << /Pg 24 0 R /K 1456 endobj /K 11 /Pg 25 0 R /S /P /S /P /Rotate 0 /Lang (EN-US) 1688 0 obj <> /Parent 4 0 R >> << >> /K 742 /K 1451 /S /P /Lang (EN-US) << /Pg 24 0 R >> /K [112 113 114 115 116 117 118 119 120 121 << << >> /Lang (EN-US) /P 4796 0 R endobj 2915 0 obj /Pg 26 0 R /Lang (EN-US) /Pg 23 0 R << endobj /S /P endobj << >> /S /Artifact /S /P /K [4449 0 R 4450 0 R 4451 0 R 4452 0 R 4453 0 R 4454 0 R 4455 0 R 4456 0 R] endobj /S /P >> >> endobj >> >> /K 78 /K 671 /K 1454 >> << 3758 0 obj << /Pg 24 0 R /S /P /Lang (EN-US) endobj endobj >> >> /K [4546 0 R 4547 0 R 4548 0 R 4549 0 R 4550 0 R 4551 0 R 4552 0 R 4553 0 R 4554 0 R 4555 0 R >> /K 1013 /K 921 794 0 obj /S /Artifact /S /P /K 1357 /S /P 155 0 obj /Pg 24 0 R << << >> /S /P >> /K 458 /S /Artifact /S /P 4069 0 obj /K 219 endobj >> /K 1392 << /Lang (EN-US) /Pg 22 0 R endobj /P 5423 0 R endobj /Pg 22 0 R 3385 0 obj /Pg 18 0 R << null null null 619 0 R null null null 620 0 R null 621 0 R <> /Pg 22 0 R /K 132 << /Pg 22 0 R /S /P << << /P 6365 0 R Their interest has been fueled by an appetite for floating rate income streams; the attractiveness of a senior secured creditor position; and a need for reduced correlation among . /Pg 22 0 R /K 12 endobj << /K 1137 541 0 obj 3043 0 obj /Lang (EN-US) /P 6716 0 R 1733 0 obj >> << Index Methodology Comparison3 3 Except for the Russell family of indices, most benchmarks and value managers use multiple value metrics, of which price-to-book is the most common. << /K 1447 3311 0 obj /P 5747 0 R endobj /K 411 /S /P >> /K 1225 /P 4840 0 R /P 10 0 R /S /Artifact 2350 0 obj << 637 0 obj << 1593 0 R null 1594 0 R null 1595 0 R null 1596 0 R null 1597 0 R null /Pg 24 0 R >> /Pg 24 0 R /K 378 endobj /Pg 25 0 R << /S /Artifact endobj /Pg 23 0 R /P 4430 0 R /Pg 25 0 R 1147 0 obj << << << >> 1396 0 obj 1833 0 obj /Pg 23 0 R << /Lang (EN-US) << >> /Pg 25 0 R 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 /S /Artifact >> << /K 1249 2874 0 obj /K 88 endobj >> /K 1351 /Artifact /P 3596 0 obj << >> /Pg 13 0 R 1628 0 obj >> endobj /S /P >> /S /P << /K 16 << endobj /Pg 25 0 R >> /K 1386 << 3017 0 obj /Pg 24 0 R /P 5620 0 R endobj 3180 0 obj >> /S /P 4204 0 obj >> 693 0 obj 3064 0 obj /P 5812 0 R /S /P /S /P /P 10 0 R /Pg 22 0 R << 2138 0 obj 2027 0 obj /Lang (EN-US) /K 521 >> << /Lang (EN-US) /S /P endobj /K 55 /K 24 2343 0 R 2344 0 R 2345 0 R 2346 0 R 2347 0 R 2348 0 R 2349 0 R 2350 0 R 2351 0 R 2352 0 R /Pg 25 0 R << /S /P /Pg 23 0 R /S /Artifact 1009 0 obj /Pg 25 0 R /Lang (EN-US) endobj /S /P /P 4885 0 R endobj 2433 0 R 2434 0 R 2435 0 R 2436 0 R 2437 0 R 2438 0 R 2439 0 R 2440 0 R 2441 0 R 2442 0 R endobj >> /Pg 24 0 R /Lang (EN-US) 215 0 obj /Lang (EN-US) endobj >> /S /P null null 3870 0 R null null null 3871 0 R null 3872 0 R null 3077 0 obj /S /Artifact << /Lang (EN-US) /S /P >> 3380 0 obj /Pg 13 0 R /Lang (EN-US) endobj /Lang (EN-US) /Pg 22 0 R In high inflation periods, for example, PE has generated returns in excess of about 6% above public stocks. 2154 0 obj /S /Artifact /K 476 /Pg 23 0 R >> 1362 0 obj /Lang (EN-US) << /S /Artifact << endobj 113 0 obj /K 735 /K 1471 << /Rotate 0 /K 605 /S /Artifact << 1805 0 obj /S /P /K 575 endobj << endobj /Pg 23 0 R >> /S /Artifact 1801 0 obj /S /Artifact /K 1248 endobj 4587 0 R] 2737 0 obj endobj null 2014 0 R null 2015 0 R null 2016 0 R null 2017 0 R 2018 0 R null /K 873 1377 0 obj 656 0 obj 3221 0 obj /K 664 2124 0 obj >> 2607 0 R null 2608 0 R null 2609 0 R null 2610 0 R null null null >> /P 6071 0 R /Pg 25 0 R >> /K 1398 893 0 obj endobj >> >> /P 5072 0 R >> /P 5987 0 R << >> endobj /P 4949 0 R 3579 0 obj 1267 0 obj >> /K [4483 0 R 4484 0 R 4485 0 R 4486 0 R 4487 0 R 4488 0 R 4489 0 R 4490 0 R 4491 0 R 4492 0 R << null 3411 0 R null 3412 0 R null 3413 0 R null 3414 0 R 3415 0 R null << 3094 0 obj /K 1338 2086 0 obj << /K 1474 endobj /S /P /P 5006 0 R << >> endobj /S /Artifact 889 0 R null null null 890 0 R null 891 0 R null 892 0 R null endobj << /K 1349 endobj << endobj endobj /Lang (EN-US) >> /S /P /Pg 25 0 R /P 5515 0 R endobj /S /P endobj /Lang (EN-US) /K 1260 >> /P 6296 0 R /Lang (EN-US) endobj /S /P /P 6161 0 R /Lang (EN-US) << /Lang (EN-US) >> >> >> /P 6690 0 R /K 1523 /Pg 25 0 R >> 827 0 obj endobj /Lang (EN-US) >> endobj endobj >> /S /P >> /P 96 0 R /S /Artifact /Pg 25 0 R /Pg 25 0 R >> /Pg 23 0 R /P 6752 0 R /K 1303 endobj /P 6673 0 R /Lang (EN-US) /K 141 << /K 1546 >> /P 6463 0 R /K 1202 /S /Artifact << /K 1539 /S /Artifact /K 27 << endobj /Lang (EN-US) /K 1098 /Lang (EN-US) /Pg 25 0 R 2495 0 R null 2496 0 R null 2497 0 R 2498 0 R null 2499 0 R null 2500 0 R << >> /K 1401 >> /K 449 endobj /S /P /K 1290 /P 6213 0 R << <> /Lang (EN-US) endobj endobj /S /Artifact 1510 0 obj 1841 0 obj endobj endobj 778 0 R null 779 0 R null 780 0 R null 781 0 R null 782 0 R 783 0 R /S /P /S /P <> /K 242 /P 5018 0 R /S /P endobj endobj /S /P /S /P >> endobj >> << Cliffwater is an alternative investment adviser and fund manager. 3018 0 obj /Pg 23 0 R >> /S /P /S /Artifact /Lang (EN-US) 2407 0 obj /Lang (EN-US) /Pg 24 0 R 1411 0 obj << /K 136 /P 5579 0 R endobj /S /P /Pg 22 0 R << 675 0 obj /Pg 23 0 R << /Pg 24 0 R /P 4912 0 R /S /P << 3926 0 obj /S /Artifact 558 0 R 559 0 R 560 0 R 560 0 R 560 0 R] /S /P >> endobj 3668 0 obj 2994 0 obj endobj >> /Pg 13 0 R /Pg 22 0 R /Pg 25 0 R /Pg 25 0 R 3752 0 obj >> null 1562 0 R null null null 1563 0 R null 1564 0 R null 1565 0 R /S /P /P 5585 0 R 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 188 0 obj /Pg 20 0 R /Lang (EN-US) endobj endobj 574 0 R null null 575 0 R null 576 0 R 577 0 R null null 578 0 R /K 910 /Pg 16 0 R << /Pg 24 0 R /K 36 endobj << endobj >> /Lang (EN-US) << endobj /Lang (EN-US) /Pg 22 0 R /K 674 /Lang (EN-US) /MediaBox [0 0 612 792] << endobj /S /P /K 952 /Lang (EN-US) /Pg 24 0 R /K 432 /K [4388 0 R 4389 0 R 4390 0 R 4391 0 R 4392 0 R 4393 0 R] endobj 978 0 obj /P 6174 0 R /Lang (EN-US) << /K 9 << 1959 0 obj << << >> endobj The Private Credit Opportunity Part 1 | Canterbury Consulting /K 1152 /Pg 23 0 R /P 6675 0 R >> /Pg 13 0 R 1843 0 obj /Pg 24 0 R endobj /S /P /S /Artifact /S /Artifact /S /P /Lang (EN-US) 3854 0 obj /K 243 /S /P << /K 1524 /K 1526 endobj endobj /P 4805 0 R /Pg 23 0 R endobj /K 31 /K 1287 /Pg 22 0 R /Pg 24 0 R /S /P 4031 0 obj /P 5056 0 R >> endobj /P 4838 0 R 840 0 obj 3222 0 obj /S /Artifact /S /P /K 1428 << endobj /P 5657 0 R >> endobj /S /Link /Pg 25 0 R /P 6704 0 R << << << << << /Pg 22 0 R << 3794 0 obj 3071 0 obj /K 1230 /S /Artifact /Pg 24 0 R 33 /Lang (EN-US) /S /P /S /P >> /K 6 1331 0 obj << >> /Pg 24 0 R /Lang (EN-US) << << /Pg 23 0 R /S /P >> >> >> /P 6095 0 R << << >> << >> endobj << endobj /K 436 >> << /S /P endobj /Pg 24 0 R 3762 0 obj 2733 0 obj /S /P endobj endobj null null null 2833 0 R null 2834 0 R null 2835 0 R null 2836 0 R /Pg 25 0 R /Lang (EN-US) << /S /Artifact 364 0 obj /P 6287 0 R >> /P 6126 0 R /K 1435 << endobj >> << endobj 1643 0 obj /S /Artifact /Lang (EN-US) /K 107 /Pg 22 0 R /Pg 23 0 R 10 0 obj << endobj << endobj /K 878 /S /Artifact /S /P /Pg 24 0 R endobj /Lang (EN-US) 602 0 obj /Lang (EN-US) 3806 0 obj /S /Artifact << Is Private Credit a Bubble, or Just a Little Frothy? /Pg 22 0 R /P 6688 0 R >> /P 10 0 R /S /P /Pg 25 0 R /S /P endobj <> /Pg 24 0 R /S /P /StructParent 15 /Pg 24 0 R /Lang (EN-US) /Pg 25 0 R /S /Artifact /K 954 4280 0 obj /K 1458 /S /P /K 148 /Pg 13 0 R /Pg 22 0 R /Lang (EN-US) endobj /K 187 << /S /P /P 10 0 R /Pg 22 0 R /P 4813 0 R 2287 0 obj /S /P /Lang (EN-US) endobj 3825 0 obj 1273 0 obj /K 1170 >> /Pg 17 0 R /K 745 /Pg 22 0 R /K 1123 << /Lang (EN-US) /S /P /K 17 /S /P 3453 0 obj /Pg 22 0 R /S /P endobj /S /P /Pg 24 0 R /K 328 /S /Artifact /S /P 4176 0 obj endobj /Pg 23 0 R >> /Pg 25 0 R >> /K 1546 endobj << 270 0 obj /S /Artifact /Pg 22 0 R endobj << 2886 0 obj /S /Artifact 3190 0 obj /K 1346 /Pg 18 0 R << /S /Artifact 1158 0 obj /Lang (EN-US) endobj << /S /Artifact endobj /Pg 24 0 R /S /P /K 937 /S /Artifact endobj /Pg 22 0 R /P 6575 0 R >> endobj endobj << >> /Pg 25 0 R /K 166 /Pg 22 0 R /K 945 2081 0 obj endobj 858 0 obj /S /Artifact /P 6286 0 R endobj /S /P /Lang (EN-US) /Lang (EN-US) /K 526 /S /P << /K 1514 >> 2566 0 obj /S /P 2822 0 obj /K 79 /S /P /K 211 /S /P /Pg 23 0 R << /Pg 22 0 R << /K 981 /Pg 22 0 R >> endobj /S /Artifact /K 54 4276 0 obj endobj << 2144 0 obj /K 58 endobj /K 1138 >> 136 0 obj /Pg 24 0 R 4230 0 obj << /S /Artifact 3978 0 obj endobj >> /Pg 24 0 R endobj endobj /K 1532 817 0 obj 3724 0 obj /K 1223 1171 0 obj endobj endobj /S /P >> >> /P 6503 0 R /Pg 23 0 R /P 5386 0 R 2662 0 obj /S /P << /Pg 18 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 /P 6002 0 R /Pg 22 0 R /K 8 /S /Artifact /S /P endobj null null null 717 0 R null 718 0 R null 719 0 R null 720 0 R /Pg 23 0 R /K 117 /K 459 /K 27 /S /Artifact /Pg 25 0 R /P 5519 0 R endobj >> /S /P /P 5971 0 R 1027 0 obj 3024 0 obj /S /P /Lang (EN-US) endobj The CDLI. >> << /S /P 207 0 R 208 0 R 209 0 R 210 0 R 211 0 R 212 0 R 213 0 R 214 0 R 215 0 R 216 0 R endobj endobj /K 1046 /Lang (EN-US) endobj /Lang (EN-US) /S /Artifact endobj /S /P endobj /P 10 0 R endobj /P 10 0 R /S /P << endobj << 2833 0 obj >> /S /P /K 126 >> >> 2564 0 obj /K 1141 811 0 obj /S /P << endobj /S /Artifact endobj >> /S /Artifact << /Pg 25 0 R /Pg 22 0 R /S /Artifact /Pg 22 0 R << >> /Lang (EN-US) /Pg 25 0 R /Pg 25 0 R /StructParents 13 >> /K 917 endobj << << << << 3324 0 obj /Pg 22 0 R /K 18 << >> /P 4828 0 R /S /P << << /K 764 3475 0 obj endobj 304 0 obj /K 869 << endobj >> endobj 950 0 obj endobj 3863 0 obj /Lang (EN-US) /K 65 /S /P << /Pg 25 0 R 1642 0 obj /Pg 22 0 R << >> /Lang (EN-US) /Lang (EN-US) 1579 0 obj /Pg 23 0 R endobj Source: Cliffwater. endobj 1004 0 obj /S /Artifact 1170 0 obj >> << /Lang (EN-US) /Pg 24 0 R << 3542 0 obj /S /P /Pg 23 0 R /Lang (EN-US) endobj /Pg 24 0 R /Lang (EN-US) 1062 0 obj endobj /P 5024 0 R >> /S /P /Pg 25 0 R /S /P /S /Artifact 2285 0 obj endobj >> /P 5792 0 R endobj >> /Pg 23 0 R endobj endobj /K 315 /P 5372 0 R /K 1457 /Lang (EN-US) /P 5496 0 R 491 0 obj /P 4799 0 R /K 1512 /K 625 /S /Artifact >> >> >> >> /Lang (EN-US) << >> << << >> >> /S /P /Lang (EN-US) >> << 2021 Q2 Report on U.S. Direct Lending - Cliffwater /P 5548 0 R /Lang (EN-US) /Pg 24 0 R endobj /Lang (EN-US) >> << /Pg 22 0 R /Lang (EN-US) >> endobj << 2752 0 obj << >> /Pg 24 0 R >> 2644 0 obj /K 1524 << /S /P << /Lang (EN-US) 3765 0 obj >> 3496 0 R null 3497 0 R null 3498 0 R null 3499 0 R 3500 0 R null 3501 0 R /Lang (EN-US) /S /Artifact 1540 0 obj 4261 0 obj >> /Pg 23 0 R /S /P << /Pg 23 0 R /S /P /Pg 26 0 R /P 6248 0 R Here's my overview of the Corporate Transparency Act, a new federal law that will require most private U.S. companies to report to the U.S. Treasury the names /S /P << /Pg 22 0 R /Pg 23 0 R /Lang (EN-US) /Lang (EN-US) /K 201 /K 1450 3451 0 obj /Lang (EN-US) 271 0 obj /Pg 22 0 R >> /K 236 /S /P /Resources 4373 0 R /P 6357 0 R endobj /Pg 24 0 R /K 493 /Pg 25 0 R /P 4990 0 R /K 1182 356 0 obj /Pg 24 0 R << /K 1263 /Pg 23 0 R << /S /P << /S /Artifact /Lang (EN-US) /K 931 /K 1355 /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 << << /S /P /Pg 24 0 R /S /Artifact /S /Artifact endobj /S /P /Lang (EN-US) /P 6498 0 R endobj /P 10 0 R 2283 0 R 2284 0 R 2285 0 R 2286 0 R 2287 0 R 2288 0 R 2289 0 R 2290 0 R 2291 0 R 2292 0 R /Pg 19 0 R 2555 0 obj >> /Pg 25 0 R /Lang (EN-US) 162 0 obj /Pg 25 0 R /S /Artifact << /StructTreeRoot 5 0 R endobj >> << /P 10 0 R /K 166 901 0 obj /K 1378 /P 5487 0 R /P 5 0 R /BS 6767 0 R endobj /CropBox [0 0 612 792] /K 24 2312 0 obj /K 160 /P 5105 0 R endobj /K 685 /S /Artifact endobj /Lang (EN-US) endobj /K 1213 /K 1149 endobj /P 5804 0 R /Lang (EN-US) 3175 0 obj >> >> Nick O'malley Wedding, Chuck Noll Wife, Westbrook Gazebo Replacement Parts, Articles C

29 de octubre, 2021

Nick O'malley Wedding, Chuck Noll Wife, Westbrook Gazebo Replacement Parts, Articles C

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