Cliffwater Corporate Lending Fund is a closed-end management investment company organized as a Delaware statutory trust and registered under the Investment Company Act of 1940. Structured as an interval fund, it offers limited periodic liquidity to investors. Managed by Cliffwater LLC, a registered investment adviser, the Fund primarily seeks exposure to corporate lending opportunities. It is designed for institutional and high-net-worth investors, with a minimum initial investment of $10 million for Class I shares, subject to the Fund’s discretion. The Fund is structured to qualify as a regulated investment company (RIC) under the Internal Revenue Code. Its strategy generally involves investing in debt instruments issued by corporate borrowers, although specific investment criteria are detailed in the prospectus.
News and Notices
Cliffwater LLC
2019
'40 Act
Interval CEF
USD
Quarterly
Daily
1.00%
March 31
News and Notices
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Notices
Date
Time (ET)
Notice Type
Source
Notice
Feb 18, 2025
14:58
Compliance
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Cliffwater Enhanced Lending Fund obtained a joint fidelity insurance bond for July 21, 2026 to July 21, 2027, with $2.5 million single-loss limits and a $4,150 premium. Coverage also applies to Cliffwater Corporate Lending Fund and Cascade Private Capital Fund.
Feb 04, 2024
18:42
Ownership, Personnel
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Cliffwater Corporate Lending Fund disclosed Chief Compliance Officer Bernadette Murphy as an officer reporting no securities owned as of April 30, 2021.
May 26, 2024
10:57
Compliance
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Cliffwater Corporate Lending Fund reported its 2026 annual fund voting information for the period ended June 30, 2026, with zero other included managers and zero series.
Jul 12, 2024
13:48
Compliance
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Cliffwater Corporate Lending Fund, Cliffwater Enhanced Lending Fund, Cascade Private Capital Fund and Cliffwater received co-investment relief effective August 11, 2026. The relief permits eligible funds to co-invest in portfolio companies with affiliated investment entities, subject to application conditions.
Jul 12, 2025
13:48
Compliance
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Cliffwater Corporate Lending Fund and related Cliffwater vehicles seek SEC relief to permit co-investments in portfolio companies with affiliated funds and wholly owned subsidiaries. Hearing requests are due by August 10, 2026.
May 29, 2024
13:33
Fees, Marketing Materials, Subscriptions
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Cliffwater Corporate Lending Fund updated its prospectus for a continuous offering of Class I Shares at net asset value, with a $10 million minimum initial investment and estimated total annual expenses of 3.20% on $30.4 billion of average net assets.
Jan 28, 2025
11:53
Redemptions
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Cliffwater Corporate Lending Fund is offering to repurchase up to 5% of outstanding shares at net asset value, $10.28 on July 23, 2026. Shareholders must submit requests by 4:00 p.m. on August 31; proceeds are payable within seven days.
Jul 09, 2024
16:48
Ownership, Personnel, Subscriptions
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Cliffwater Corporate Lending Fund President/Interested Trustee Stephen Lane Nesbitt acquired 40,488 Class I Shares at $10.25 on July 7, 2026, increasing indirect holdings to 11.2 million shares.
Sep 25, 2023
15:23
Redemptions, Subscriptions
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Cliffwater Corporate Lending Fund reported $10 billion of securities sold, $6 billion redeemed or repurchased and $4 billion of net sales for the fiscal year ending March 31, 2026. The fund owes a $550,587 registration fee.
Oct 08, 2023
12:16
Redemptions
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Cliffwater Corporate Lending Fund announced a quarterly repurchase offer for up to 5% of outstanding shares at NAV, with the NAV on May 5, 2026 at $10.39 per share and a Repurchase Pricing Date of May 29, 2026. Shareholders may tender by 4:00 p.m. Eastern Time on May 29, 2026, with proceeds paid within seven calendar days.
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News
Interval CE Funds
Debt
Capital Flows
Cliffwater's redemption curbs stretch into another quarter
Jun 3, 2026
Investorsreportedly soughttowithdraw17% of shares in theCliffwaterCorporate Lending Fund, promptinganother5%cap.
BDCs
Interval CE Funds
Debt
North America
Capital Flows
Saba targets BDCs and interval funds with NAV Dislocation strategy
Apr 28, 2026
Theannouncement comes as investors in Blue Owl'snon-traded BDC shunnedan earlier Saba and Cox Capital joint-offer to repurchase shares ata steepdiscount.
Interval CE Funds
Debt
Capital Flows
Withdrawal requests spike for Cliffwater's private debt vehicle
Mar 12, 2026
Investors in the interval fund reportedly sought to redeem 14% of shares in Q1 as the private credit market continues to face headwinds.
The secondary salereportedly involvesloan positions tied to one of the firm's intervalfunds.
Cliffwater Corporate Lending Fund
Cliffwater LLC is responsible for managing Cliffwater Corporate Lending Fund.
Cliffwater Corporate Lending Fund launched in 2019.
Cliffwater Corporate Lending Fund is registered as a '40 Act fund.
Cliffwater Corporate Lending Fund is structured as a Interval CEF fund.
You can invest in Cliffwater Corporate Lending Fund by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.
You can invest in Cliffwater Corporate Lending Fund daily, subject to eligibility and fund subscription deadlines.
You can redeem shares of Cliffwater Corporate Lending Fund quarterly, subject to redemption limits and notice requirements.
Shares of Cliffwater Corporate Lending Fund can be purchased in USD.
Cliffwater Corporate Lending Fund's fiscal year end is March 31.
Cliffwater Corporate Lending Fund's net asset value was $30,381.2 million and its portfolio had a fair value of $37,565.7 million as of June 30, 2026.
Among other deal types, Cliffwater Corporate Lending Fund primarily makes Debt Investments.
Among other asset classes, Cliffwater Corporate Lending Fund primarily invests in Direct Lending.
Among other regions, Cliffwater Corporate Lending Fund primarily invests in the USA and North America.
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