CCLFX
Cliffwater Corporate Lending Fund
Portfolio Fair Value
$40.59B
3,196 holdings
Avg Spread
+5.22%
FV-weighted, debt
Avg Coupon
9.18%
FV-weighted
% First Lien
66.2%
of debt FV
Unrealized P/L
+$498.51M
+1.24% of cost
Non-Accrual
0
text-detected
Balance sheet
Assets$41.66B
Liabilities + Equity$41.66B
First Lien
$26.88B · 64.5%
First Lien
$26.88B · 64.5%
Second Lien
$186.16M · 0.4%
Subordinated
$33.99M · 0.1%
Other Debt
$443.20M · 1.1%
CLO
$7.82B · 18.8%
CLO
$7.82B · 18.8%
BDC
$2.55B · 6.1%
LP Interest
$1.23B · 3.0%
Equity
$737.07M · 1.8%
Other
$720.61M · 1.7%
Cash & Equivalents
$91.72M · 0.2%
Other Assets
$972.06M · 2.3%
Debt (Borrowings)
$9.81B · 23.5%
Debt (Borrowings)
$9.81B · 23.5%
Other Liabilities
$369.34M · 0.9%
Net Assets (Equity)
$31.49B · 75.6%
Net Assets (Equity)
$31.49B · 75.6%
Industry Composition
CLO
19.3%
Software & Services
17.6%
Health Care Equipment & Services
13.0%
Financial Services
12.9%
Commercial & Professional Services
8.3%
Capital Goods
7.8%
BDC
6.3%
Consumer Discretionary Distribution & Retail
5.2%
LP Interest
3.0%
Media & Entertainment
2.5%
Consumer Staples Distribution & Retail
1.7%
Materials
1.4%
Other industries
1.1%
Spread Distribution
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
Schedule of Investments
All holdings
All holdings
Sortable, click headers to re-sort
3,196 of 3,197
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Silver Point Loan Funding, LLC | Financial Services | CLO | $1.42B | $1.32B | $94.11M | — | — | 2033-10-20 |
Barings Private Credit Corporation | Financial Services | BDC | $921.07M | $900.00M | $21.07M | — | — | — |
Private Credit Fund C-1 Holdco, LLC — Series 1 | Financial Services | CLO | $795.52M | $784.10M | $11.42M | — | — | — |
State Street Institutional U.S. Government Money Market Fund, 4.27% | Financial Services | Money Market | $720.45M | $720.45M | $0.00 | 4.09% | — | — |
BlackRock Shasta Senior Loan Fund VII, LLC | Financial Services | CLO | $611.79M | $645.12M | -$33.33M | — | — | 2033-01-22 |
GPG Loan Funding, LLC | Financial Services | CLO | $518.68M | $492.96M | $25.72M | — | — | 2030-04-29 |
BlackRock MT. Lassen Senior Loan XII | Financial Services | CLO | $511.59M | $476.20M | $35.39M | — | — | 2032-12-28 |
South Cove Funding LLC | Financial Services | CLO | $505.40M | $485.90M | $19.49M | — | — | 2040-06-04 |
Raven Senior Loan Fund LLC | Financial Services | CLO | $487.24M | $467.60M | $19.64M | — | — | 2034-05-03 |
KCLF Note Issuer I SPV, LLC | Financial Services | CLO | $273.61M | $264.02M | $9.59M | — | — | 3033-01-15 |
KKR Institutional Middle Market Fund LP | Financial Services | Investment Partnerships | $242.02M | $225.00M | $17.02M | — | — | — |
Deerfield Dakota Holding, LLC | Financial Services | First Lien Term Loan | $208.18M | $208.19M | -$11.9K | 7.06% | +3.00% | 2032-09-12 |
ABPCI Pacific Funding LP | Financial Services | CLO | $206.23M | $186.64M | $19.60M | — | — | 2031-05-31 |
Golub Capital BDC 4, Inc. | Financial Services | BDC | $203.95M | $200.00M | $3.95M | — | — | — |
Golub Capital Private Credit Fund | Financial Services | BDC | $200.88M | $200.00M | $879.8K | — | — | — |
NXT Capital Structured Note I LLC | Financial Services | CLO | $192.96M | $178.89M | $14.08M | — | — | 2031-01-26 |
ASP Summar Holdco 1 LP | Financial Services | CLO | $191.93M | $191.36M | $565.7K | — | — | — |
Aurelia Netherlands Midco 2 B.V. | Media & Entertainment | First Lien Term Loan | EUR 174.64M | EUR 165.30M | EUR 9.34M | 6.78% | +4.75% | 2031-05-01 |
Creek Parent, Inc. | Health Care Equipment & Services | First Lien Term Loan | $163.71M | $161.22M | $2.48M | 9.14% | +5.00% | 2031-12-18 |
Palisades CLO, LLC | Financial Services | CLO | $158.99M | $137.98M | $21.01M | — | — | 2034-05-15 |
Blue Owl Credit Income Corp. | Financial Services | BDC | $152.27M | $150.00M | $2.27M | — | — | — |
Varagon Structured Note Issuer I, LLC | Financial Services | CLO | $147.43M | $137.28M | $10.15M | — | — | 2033-10-19 |
Packaging Coordinators Midco, Inc. | Health Care Equipment & Services | First Lien Term Loan | $144.91M | $145.31M | -$395.8K | 9.06% | +4.75% | 2032-01-22 |
Apryse Software Corp. | Software & Services | First Lien Term Loan | $141.71M | $141.74M | -$38.6K | 8.78% | +4.75% | 2032-06-26 |
Merative LP | Health Care Equipment & Services | First Lien Term Loan | $139.30M | $139.30M | -$193.00 | 8.75% | +4.75% | 2032-09-30 |
Blackstone Technology Senior Direct Lending Fund LP | Financial Services | Investment Partnerships | $134.18M | $131.62M | $2.55M | — | — | — |
Next HoldCo, LLC | Health Care Equipment & Services | First Lien Term Loan | $131.38M | $131.28M | $91.4K | 9.48% | +5.25% | 2030-11-09 |
AGTB BDC Holdings, L.P. | Financial Services | BDC | $126.52M | $125.00M | $1.52M | — | — | — |
ASP SUMMA 1 LLC — CLASS A | Financial Services | CLO | $124.69M | $124.69M | $0.00 | 6.68% | +2.35% | 2036-01-31 |
Flexera Software LLC | Software & Services | First Lien Term Loan | $124.61M | $124.61M | -$3.7K | 8.96% | +4.75% | 2032-08-15 |
Crestline Structured Note Issuer I LLC | Financial Services | CLO | $122.45M | $121.32M | $1.13M | — | — | 2036-07-20 |
ASP SUMMA 2 LLC — CLASS A | Financial Services | CLO | $120.32M | $120.32M | $0.00 | 6.68% | +2.35% | 2036-01-31 |
ASP SUMMA 4 LLC — CLASS A | Financial Services | CLO | $119.70M | $119.70M | $0.00 | 6.68% | +2.35% | 2036-01-31 |
ASP SUMMA 3 LLC — CLASS A | Financial Services | CLO | $119.15M | $119.15M | $0.00 | 6.68% | +2.35% | 2036-01-31 |
QBS Parent, Inc. | Software & Services | First Lien Term Loan | $117.71M | $117.40M | $316.9K | 8.50% | +4.50% | 2032-06-03 |
Wealth Enhancement Group, LLC | Financial Services | Delayed Draw | $110.77M | $110.14M | $621.0K | 9.30% | +5.00% | 2028-10-02 |
Antares Loan Funding I Ltd. | Financial Services | CLO | $109.47M | $96.88M | $12.59M | — | — | 2034-06-15 |
Global Music Rights | Media & Entertainment | First Lien Term Loan | $107.34M | $105.63M | $1.71M | 8.50% | +4.75% | 2031-12-20 |
HPS KP Mezz 2019 Co-Invest, LP | Financial Services | Special Purpose Vehicle for Common and Preferred Equity | $107.34M | $76.15M | $31.19M | — | — | — |
USIC Holdings, Inc. | Commercial & Professional Services | First Lien Term Loan | $105.36M | $105.57M | -$210.1K | 9.70% | +5.50% | 2031-09-10 |
Ares Strategic Income Fund | Financial Services | BDC | $105.01M | $100.00M | $5.01M | — | — | — |
Antares Senior Loan Parallel Feeder Fund II (Cayman) LP | Financial Services | Investment Partnerships | $102.96M | $104.91M | -$1.95M | — | — | — |
Bonterra LLC | Software & Services | First Lien Term Loan | $99.93M | $100.67M | -$741.7K | 9.00% | +5.00% | 2032-03-05 |
GovDelivery Holdings, LLC | Software & Services | First Lien Term Loan | $99.82M | $98.09M | $1.73M | — | +5.75% | 2031-01-17 |
CRCI Longhorn Holdings, Inc. | Commercial & Professional Services | First Lien Term Loan | $99.54M | $99.07M | $475.3K | 8.91% | +5.00% | 2031-08-27 |
Aptean, Inc. | Software & Services | First Lien Term Loan | $97.83M | $97.12M | $711.7K | 9.08% | +4.75% | 2031-01-30 |
T. Rowe Price OHA Select Private Credit Feeder Fund LLC | Financial Services | BDC | $97.67M | $100.00M | -$2.33M |