CDLI final return was 2.00% for 2nd quarter 2017 and 10.41% for the trailing 4 quarters

CDLI Index

The Cliffwater Direct Lending Index (CDLI) is an index comprised of all underlying assets held by public and private Business Development Companies that satisfy certain eligibility requirements. The index is asset-weighted by reported fair value.

  Methodology   History

Index Characteristics

  • Index Value (June 30, 2017): 3277.83
  • Assets (Fair Value): $89 Billion
  • Number of Loans: > 6,000
  • Yield: 9.7%

Asset Seniority

  • Senior Debt: 58%
  • Subordinate Debt: 29%
  • Equity: 9%
  • Other: 4%

Cliffwater Direct Lending Index

2017 Q2 Report

How Liquid are Direct Lending Portfolios?

Performance (%) through June 30, 2017