CCLFX
Cliffwater Corporate Lending Fund
Portfolio Fair Value
$33.80B
2,856 holdings
Avg Spread
+5.25%
FV-weighted, debt
Avg Coupon
9.66%
FV-weighted
% First Lien
62.9%
of debt FV
Unrealized P/L
+$251.51M
+0.75% of cost
Non-Accrual
0
text-detected
Balance sheet
Assets$35.15B
Liabilities + Equity$35.15B
First Lien
$21.32B · 60.7%
First Lien
$21.32B · 60.7%
Second Lien
$206.20M · 0.6%
Subordinated
$341.25M · 1.0%
Other Debt
$316.43M · 0.9%
CLO
$5.99B · 17.0%
CLO
$5.99B · 17.0%
BDC
$2.67B · 7.6%
LP Interest
$1.18B · 3.4%
Equity
$591.15M · 1.7%
Other
$1.30B · 3.7%
Cash & Equivalents
$297.42M · 0.8%
Other Assets
$933.88M · 2.7%
Debt (Borrowings)
$6.81B · 19.4%
Debt (Borrowings)
$6.81B · 19.4%
Other Liabilities
$242.50M · 0.7%
Net Assets (Equity)
$28.09B · 79.9%
Net Assets (Equity)
$28.09B · 79.9%
Industry Composition
CLO
17.7%
Software & Services
17.0%
Financial Services
15.7%
Health Care Equipment & Services
12.6%
Capital Goods
8.4%
BDC
7.9%
Commercial & Professional Services
7.4%
Consumer Discretionary Distribution & Retail
4.5%
LP Interest
3.5%
Media & Entertainment
1.8%
Materials
1.4%
Consumer Staples Distribution & Retail
1.0%
Other industries
1.3%
Spread Distribution
1.0%
2.5%
3.5%
4.5%
5.0%
5.5%
6.5%
7.5%
8.5%
9.5%
13.5%
Schedule of Investments
All holdings
All holdings
Sortable, click headers to re-sort
2,856 of 2,858
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
State Street Institutional U.S. Government Money Market Fund | Financial Services | Money Market | $1.29B | $1.29B | $0.00 | 4.22% | — | — |
Silver Point Loan Funding, LLC | Financial Services | CLO | $1.28B | $1.20B | $76.35M | — | — | 2033-10-20 |
Barings Private Credit Corporation | Financial Services | BDC | $924.55M | $900.00M | $24.55M | — | — | — |
Private Credit Fund C-1 Holdco, LLC — Series 1 | Financial Services | CLO | $758.70M | $749.47M | $9.24M | — | — | — |
Comvest Structured Note Issuer I LLC | Financial Services | CLO | $649.95M | $622.12M | $27.83M | — | — | 2035-11-17 |
BlackRock Shasta Senior Loan Fund VII, LLC | Financial Services | CLO | $611.61M | $645.12M | -$33.51M | — | — | 2033-01-22 |
Raven Senior Loan Fund LLC | Financial Services | CLO | $482.77M | $467.60M | $15.17M | — | — | 2034-05-03 |
GPG Loan Funding, LLC | Financial Services | CLO | $327.96M | $314.81M | $13.15M | — | — | 2030-04-29 |
KCLF Note Issuer I SPV, LLC, Subordinated | Financial Services | CLO | $288.64M | $264.02M | $24.62M | — | — | 3033-01-15 |
BlackRock MT. Lassen Senior Loan XII | Financial Services | CLO | $270.26M | $257.01M | $13.25M | — | — | 2032-12-28 |
KKR Institutional Middle Market Fund | Financial Services | Investment Partnerships | $244.48M | $225.00M | $19.48M | — | — | — |
Golub Capital Private Credit Fund | Financial Services | BDC | $201.40M | $200.00M | $1.40M | — | — | — |
ABPCI Pacific Funding LP | Financial Services | CLO | $201.15M | $182.36M | $18.78M | — | — | 2031-05-31 |
Golub Capital BDC 4, Inc. | Financial Services | BDC | $186.99M | $183.90M | $3.09M | — | — | — |
NXT Capital Structured Note I LLC | Financial Services | CLO | $186.70M | $167.05M | $19.66M | — | — | 2031-01-26 |
Creek Parent, Inc. | Health Care Equipment & Services | First Lien Term Loan | $184.04M | $184.32M | -$282.5K | 9.57% | +5.25% | 2031-12-18 |
Palisades CLO, LLC | Financial Services | CLO | $161.05M | $137.98M | $23.07M | — | — | 2034-05-15 |
Blue Owl Credit Income Corp. | Financial Services | BDC | $155.26M | $150.00M | $5.26M | — | — | — |
Varagon Structured Note Issuer I, LLC | Financial Services | CLO | $147.63M | $137.28M | $10.36M | — | — | 2033-10-19 |
Antares Loan Funding I Ltd. | Financial Services | CLO | $135.40M | $116.88M | $18.52M | — | — | 2034-06-15 |
Next HoldCo, LLC | Health Care Equipment & Services | First Lien Term Loan | $132.04M | $131.84M | $199.3K | 9.55% | +5.25% | 2030-11-09 |
Packaging Coordinators Midco, Inc. | Health Care Equipment & Services | First Lien Term Loan | $128.37M | $128.37M | -$6.0K | 9.04% | +4.74% | 2032-01-22 |
AGTB BDC Holdings, L.P. | Financial Services | BDC | $126.14M | $125.00M | $1.14M | — | — | — |
HPS Specialty Loan Fund V Feeder, L.P. | Financial Services | First Lien Term Loan | $125.31M | $125.31M | $1.00 | 7.29% | +3.00% | 2031-05-14 |
Spruce Bidco II Inc. | Health Care Equipment & Services | First Lien Term Loan | $120.13M | $120.02M | $108.7K | 9.32% | +5.00% | 2032-01-30 |
Blue Owl Technology Finance Corp. | Financial Services | BDC | $114.82M | $109.87M | $4.95M | — | — | — |
HPS KP Mezz 2019 Co-Invest, LP | Financial Services | Special Purpose Vehicle for Common and Preferred Equity | $111.83M | $84.16M | $27.68M | — | — | — |
USIC Holdings, Inc. | Commercial & Professional Services | First Lien Term Loan | $106.62M | $105.90M | $715.0K | 9.81% | +5.50% | 2031-09-10 |
Global Music Rights | Media & Entertainment | First Lien Term Loan | $105.26M | $105.53M | -$269.1K | 9.05% | +4.75% | 2031-12-20 |
Ares Strategic Income Fund | Financial Services | BDC | $104.98M | $100.00M | $4.98M | — | — | — |
T. Rowe Price OHA Select Private Credit Feeder Fund LLC | Financial Services | BDC | $102.47M | $100.00M | $2.47M | — | — | — |
LR Orion Bidco Limited | Software & Services | First Lien Term Loan | $102.43M | $102.67M | -$243.2K | 9.83% | +5.50% | 2031-11-18 |
QBS Parent, Inc. | Software & Services | First Lien Term Loan | $101.03M | $101.05M | -$18.7K | 9.05% | +4.75% | 2031-11-07 |
Coolsys, Inc. | Commercial & Professional Services | First Lien Term Loan | $99.63M | $99.91M | -$285.9K | 9.31% | +5.00% | 2028-08-11 |
Marlin Credit Opportunities Fund, L.P. | Financial Services | Investment Partnerships | $99.10M | $103.01M | -$3.91M | — | — | — |
CRCI Longhorn Holdings, Inc. | Commercial & Professional Services | First Lien Term Loan | $97.72M | $97.87M | -$158.0K | 9.32% | +5.00% | 2031-08-27 |
Pareto Health Intermediate Holdings, Inc. | Financial Services | First Lien Term Loan | $97.68M | $97.57M | $101.7K | 9.22% | +5.00% | 2030-06-01 |
Barings Capital Investment Corporation | Financial Services | BDC | $97.21M | $95.00M | $2.21M | — | — | — |
Bonterra LLC | Software & Services | First Lien Term Loan | $97.07M | $97.40M | -$329.1K | 9.30% | +5.00% | 2032-03-05 |
Wealth Enhancement Group, LLC | Financial Services | Delayed Draw | $96.08M | $96.98M | -$893.2K | 9.32% | +5.00% | 2028-10-02 |
GovDelivery Holdings, LLC | Software & Services | First Lien Term Loan | $95.72M | $95.11M | $617.0K | — | +3.50% | 2031-01-17 |
Antares Senior Loan Parallel Feeder Fund II (Cayman) LP | Financial Services | Investment Partnerships | $94.48M | $95.91M | -$1.43M | — | — | — |
Crestline Structured Note Issuer I LLC | Financial Services | CLO | $93.36M | $92.22M | $1.14M | — | — | 2036-07-20 |
Redwood Services Group, LLC | Software & Services | First Lien Term Loan | $91.35M | $91.22M | $131.9K | 9.55% | +5.25% | 2029-06-15 |
Blackstone Technology Senior Direct Lending Fund LP | Financial Services | Investment Partnerships | $87.63M | $89.22M | -$1.59M | — | — | — |
Vensure Employer Services, Inc. | Commercial & Professional Services | First Lien Term Loan | $85.90M | $85.61M | $282.8K | 9.30% | +5.00% | 2031-09-27 |
Higginbotham Insurance Agency, Inc. | Financial Services | First Lien Term Loan | $82.24M | $82.38M | -$135.5K | 8.83% | +4.50% | 2028-11-25 |
FBLC Senior Loan Fund LLC | Financial Services | Joint Ventures | $82.09M | $78.56M | $3.53M | — | — | — |
Aptean, Inc. | Software & Services | First Lien Term Loan | $81.98M | $81.67M | $313.5K | 9.56% | +5.00% | 2031-01-30 |
GSV Holding, LLC | Health Care Equipment & Services | First Lien Term Loan | $81.97M | $81.70M | $268.0K | 9.54% | +5.25% | 2030-10-18 |
Netsmart Technologies, Inc. | Health Care Equipment & Services | First Lien Term Loan | $81.75M | $81.10M | $652.1K | — | +2.25% | 2031-08-23 |
Enverus Holdings, Inc. | Software & Services | First Lien Term Loan | $80.58M | $79.52M | $1.06M | 9.82% | +5.50% | 2029-12-31 |
OEConnection LLC | Software & Services | First Lien Term Loan | $76.97M | $76.82M | $148.7K | 9.32% | +5.00% | 2031-04-22 |
SumUp Holdings MidCo S.A.R.L. | Software & Services | Delayed Draw | EUR 76.59M | EUR 75.81M | EUR 775.3K | 9.03% | +6.50% | 2031-04-25 |
Stone Point Credit Corporation | Financial Services | BDC | $76.56M | $75.50M | $1.06M | — | — | — |
Benecon Midco II LLC | Commercial & Professional Services | First Lien Term Loan | $74.52M | $73.64M | $880.7K | 9.55% | +5.25% | 2031-01-23 |
Marilyn Co-Invest, L.P. | Financial Services | Special Purpose Vehicle for Common Equity | $72.83M | $69.07M | $3.77M | — | — | — |
Tivity Health, Inc. | Health Care Equipment & Services | First Lien Term Loan | $69.62M | $68.53M | $1.10M | 9.32% | +5.00% | 2029-06-28 |
Barbri Holdings, Inc. | Consumer Discretionary Distribution & Retail | First Lien Term Loan | $69.55M | $69.66M | -$117.1K | 9.30% | +5.00% | 2030-04-30 |
CW Credit Opportunity 2 LP | Financial Services | Special Purpose Vehicle for Senior Secured Loans | $68.93M | $65.37M | $3.57M | — | — | — |
Radwell Parent, LLC | Capital Goods | First Lien Term Loan | $68.14M | $68.30M | -$156.0K | 9.80% | +5.50% | 2029-04-01 |
Project Pathfinder Borrower, LLC | Software & Services | First Lien Term Loan | $67.50M | $67.66M | -$162.9K | 9.29% | +5.00% | 2032-01-22 |
Finastra USA, Inc. | Software & Services | First Lien Term Loan | $65.59M | $64.62M | $976.8K | 11.43% | +7.25% | 2029-09-13 |
Geo TopCo Corporation | Capital Goods | First Lien Term Loan | $64.46M | $64.54M | -$80.7K | 9.05% | +4.75% | 2031-10-15 |
Alegeus Technologies Holdings Corporation | Software & Services | First Lien Term Loan | $64.06M | $64.26M | -$196.0K | 11.05% | +6.75% | 2029-11-05 |
Project Leopard Holdings, Inc. | Software & Services | First Lien Term Loan | $63.61M | $69.74M | -$6.13M | 9.64% | +5.25% | 2029-07-20 |
AmeriLife Holdings, LLC | Financial Services | First Lien Term Loan | $63.55M | $63.03M | $525.8K | 9.26% | +5.00% | 2029-08-31 |
Severin Acquisition, LLC | Software & Services | First Lien Term Loan | $63.49M | $63.56M | -$77.9K | — | +2.75% | 2031-10-01 |
Gerson Lehrman Group, Inc. | Commercial & Professional Services | First Lien Term Loan | $63.25M | $62.75M | $505.2K | 9.45% | +5.00% | 2027-12-13 |
Guidehouse, Inc. | Financial Services | First Lien Term Loan | $63.09M | $62.90M | $190.7K | 9.32% | +5.00% | 2030-12-16 |
Trilon Group, LLC | Commercial & Professional Services | First Lien Term Loan | $62.59M | $61.84M | $742.8K | 9.95% | +5.50% | 2029-05-27 |
KKR FS Income Trust | Financial Services | BDC | $62.53M | $59.50M | $3.03M | — | — | — |
Ares Commercial Finance LP | Financial Services | Investment Partnerships | $62.07M | $53.84M | $8.23M | — | — | — |
ComPsych Investment Corp. | Health Care Equipment & Services | First Lien Term Loan | $62.04M | $61.84M | $194.2K | 9.04% | +4.75% | 2031-07-22 |
SV-Areo Holdings, LLC | Capital Goods | First Lien Term Loan | $61.21M | $61.27M | -$60.4K | 9.55% | +5.25% | 2030-11-01 |
Higginbotham Insurance Agency, Inc. | Financial Services | Delayed Draw | $61.19M | $61.38M | -$190.4K | 8.83% | +4.50% | 2028-11-25 |
Piccadilly Co-Invest, L.P. | Financial Services | Special Purpose Vehicle for Senior Secured Loans | $61.10M | $55.44M | $5.66M | — | — | — |
Eclipse Buyer, Inc. | Software & Services | First Lien Term Loan | $60.67M | $60.64M | $25.9K | 9.07% | +4.75% | 2031-09-06 |
Spanx, LLC | Consumer Discretionary Distribution & Retail | First Lien Term Loan | $60.66M | $60.01M | $645.7K | 9.67% | +5.25% | 2028-11-18 |
PPV Intermediate Holdings LLC | Health Care Equipment & Services | Delayed Draw | $59.91M | $59.70M | $208.6K | 10.31% | +6.00% | 2029-08-31 |
Tank Holding Corp. | Capital Goods | First Lien Term Loan | $59.77M | $60.92M | -$1.15M | 10.17% | +5.75% | 2028-03-31 |
HPS Specialty Loan Fund V Feeder, L.P. | Financial Services | Investment Partnerships | $59.11M | $54.63M | $4.48M | — | — | — |
Space Intermediate III, Inc. | Health Care Equipment & Services | First Lien Term Loan | $59.02M | $58.78M | $238.2K | — | +3.25% | 2029-11-08 |
More Cowbell II LLC | Financial Services | First Lien Term Loan | $58.93M | $58.06M | $863.8K | 8.89% | +5.00% | 2030-09-01 |
Tau Buyer, LLC | Software & Services | First Lien Term Loan | $58.28M | $58.29M | -$9.8K | 9.05% | +4.75% | 2032-01-31 |
Palisades CLO, LLC — Class C | Financial Services | CLO | $58.00M | $58.00M | $0.00 | 13.07% | +8.75% | 2034-05-15 |
Vessco Midco Holdings, LLC | Capital Goods | First Lien Term Loan | $57.90M | $57.72M | $178.7K | 9.07% | +4.75% | 2031-07-24 |
Riskonnect Parent, LLC | Software & Services | First Lien Term Loan | $57.39M | $56.39M | $994.3K | 8.97% | +4.75% | 2028-12-07 |
SurfacePrep Buyer, LLC | Capital Goods | First Lien Term Loan | $56.90M | $56.59M | $311.3K | 9.30% | +5.00% | 2030-02-02 |
THG Acquisition, LLC | Financial Services | First Lien Term Loan | $56.80M | $56.93M | -$130.9K | 9.07% | +4.75% | 2031-10-31 |
ManTech International Corporation | Software & Services | First Lien Term Loan | $56.70M | $55.88M | $818.6K | 9.29% | +5.00% | 2029-09-14 |
Mountain Parent, Inc. | Software & Services | First Lien Term Loan | $56.64M | $56.44M | $203.3K | 9.05% | +4.75% | 2031-06-27 |
SG Acquisition, Inc. | Financial Services | First Lien Term Loan | $56.42M | $55.91M | $509.6K | 9.03% | +4.75% | 2030-04-03 |
IG Investment Holdings, LLC | Commercial & Professional Services | First Lien Term Loan | $56.27M | $56.17M | $101.6K | 9.29% | +5.00% | 2028-09-22 |
MRI Software, LLC | Real Estate Management & Development | First Lien Term Loan | $56.16M | $55.96M | $195.8K | 9.05% | +4.75% | 2027-02-10 |
Databricks, Inc. | Software & Services | First Lien Term Loan | $55.39M | $55.49M | -$98.4K | 8.82% | +4.50% | 2031-01-03 |
World Insurance Associates, LLC | Financial Services | First Lien Term Loan | $55.32M | $54.48M | $846.9K | 9.30% | +5.00% | 2030-04-03 |
Tricentis Operations Holdings, Inc. | Software & Services | First Lien Term Loan | $55.29M | $55.29M | -$7.2K | — | +1.38% | 2032-02-11 |
Duro Dyne National Corp. | Capital Goods | First Lien Term Loan | $54.91M | $54.73M | $182.9K | 9.30% | +5.00% | 2031-11-15 |
Tango Bidco SAS | Software & Services | First Lien Term Loan | EUR 54.54M | EUR 54.70M | -EUR 162.3K | 7.79% | +5.00% | 2031-10-17 |
KIMM CLO I LLC | Financial Services | CLO | $54.39M | $54.39M | $0.00 | — | — | 2036-10-15 |
AIDC Intermediate Co2, LLC | Software & Services | First Lien Term Loan | $54.36M | $53.46M | $895.5K | 9.82% | +5.25% | 2027-07-22 |
Miraclon Corporation | Commercial & Professional Services | First Lien Term Loan | EUR 53.63M | EUR 51.86M | EUR 1.77M | 8.01% | +5.50% | 2031-11-26 |
VDC Powerup PTE LTD | Software & Services | Subordinated Debt | $53.50M | $53.59M | -$85.6K | 10.07% | +5.75% | 2028-05-20 |
Empower Payments Investor, LLC | Financial Services | First Lien Term Loan | $53.31M | $52.44M | $874.5K | 8.82% | +4.50% | 2031-03-12 |
PT Intermediate Holdings III, LLC | Capital Goods | First Lien Term Loan | $53.09M | $52.37M | $721.5K | — | +3.25% | 2030-04-09 |
Goldeneye Parent, LLC | Health Care Equipment & Services | First Lien Term Loan | $53.04M | $53.04M | $0.00 | 9.30% | +5.00% | 2032-03-31 |
Vista Credit Strategic Lending Corp. | Financial Services | BDC | $52.94M | $53.27M | -$328.3K |