cliffwater direct lending index

<< /Pg 22 0 R endobj >> 1168 0 R 1169 0 R 1170 0 R 1171 0 R 1172 0 R 1173 0 R 1174 0 R 1175 0 R 1176 0 R 1177 0 R >> /S /Artifact /Lang (EN-US) /Pg 24 0 R /S /P 2237 0 obj /S /P /P 6240 0 R << >> >> /S /Link /S /P endobj endobj /T () endobj /Lang (EN-US) endobj >> null 3559 0 R 3560 0 R null 3561 0 R null 3562 0 R null 3563 0 R null /Pg 24 0 R 887 0 obj /K 938 /K 1221 /K 109 3426 0 obj endobj /K 612 endobj >> 2642 0 obj /S /P /P 6471 0 R 3987 0 R 3988 0 R 3989 0 R 3990 0 R 3991 0 R 3992 0 R 3993 0 R 3994 0 R 3995 0 R 3996 0 R << << /K 306 /K 771 endobj >> /K 823 <> /Lang (EN-US) /Pg 25 0 R endobj /K 1379 /Pg 22 0 R /Pg 23 0 R /Pg 13 0 R /Pg 18 0 R << /K 1142 /S /P /Pg 26 0 R /K 156 <> /S /Artifact /S /Artifact endobj /S /Artifact /S /P >> /Rotate 0 /Lang (EN-US) /P 5483 0 R /Lang (EN-US) /S /Artifact endobj /P 5012 0 R /Lang (EN-US) 2057 0 obj /Pg 20 0 R << 496 0 obj 3561 0 obj /K 305 << /Lang (EN-US) /S /Artifact /K 208 endobj /K 427 << >> 4421 0 R 4422 0 R 4423 0 R 4424 0 R 4425 0 R 4426 0 R 4427 0 R 4428 0 R] /Pg 22 0 R 3870 0 obj >> /K 736 /S /Artifact /K 1162 /Parent 9 0 R endobj 2805 0 obj /K 1159 /Pg 22 0 R /Pg 22 0 R 1249 0 obj /S /P 1059 0 obj endobj /K 27 << endobj << /S /Artifact endobj endobj /Lang (EN-US) << /S /Artifact >> /Pg 23 0 R << >> >> /S /Artifact endobj /K 77 /S /Artifact /Pg 23 0 R 1478 0 obj 1177 0 obj >> << << /K 1144 /K 837 endobj >> 2371 0 obj /H /I /Pg 22 0 R << 2090 0 obj endobj /Pg 23 0 R >> /K 1343 >> /K 369 >> 3210 0 obj 39 0 obj /Lang (EN-US) << /Lang (EN-US) << >> 3189 0 obj 610 0 obj >> /Lang (EN-US) /S /Artifact endobj /S /P /S /P /K 364 << /K 33 /S /P /Lang (EN-US) /S /P 1440 0 obj endobj /Lang (EN-US) >> << 997 0 obj << endobj /Pg 18 0 R >> /Lang (EN-US) /Lang (EN-US) /Pg 25 0 R /Pg 24 0 R /Pg 23 0 R endobj null null null 997 0 R null null null 998 0 R null 999 0 R /K 355 /S /P >> /P 6170 0 R null null null 619 0 R null null null 620 0 R null 621 0 R /S /P /K 533 /Lang (EN-US) /S /P 2499 0 obj /S /Artifact /Pg 18 0 R /Pg 24 0 R >> 1378 0 obj >> /Lang (EN-US) << /K 83 endobj /Pg 22 0 R endobj /P 4986 0 R /P 4905 0 R /K 1454 >> endobj /Lang (EN-US) 759 0 obj << /Pg 24 0 R /Pg 25 0 R /Lang (EN-US) /K 1190 << >> endobj >> endobj /S /Artifact >> >> /K 1170 /P 5464 0 R /Pg 23 0 R /Lang (EN-US) 3448 0 obj << endobj /Pg 23 0 R >> /Lang (EN-US) /P 10 0 R 2330 0 obj endobj /Lang (EN-US) 4274 0 obj /S /P /S /P /P 5445 0 R endobj 2567 0 obj /Lang (EN-US) << /Lang (EN-US) /S /P endobj /S /P >> 4234 0 obj /S /P /K 432 /Pg 23 0 R << >> << /Pg 25 0 R >> /Lang (EN-US) /Pg 22 0 R >> /Pg 22 0 R /S /Artifact /Lang (EN-US) << >> /K 103 >> endobj << << << << /S /Artifact /Pg 25 0 R /P 6400 0 R <> /S /P >> /Lang (EN-US) 1085 0 obj 849 0 obj /K 374 >> 4323 0 obj /Pg 22 0 R /K 1485 /S /Artifact endobj << 4180 0 obj /Pg 24 0 R << endobj /Pg 26 0 R << 254 0 obj >> 1700 0 obj 546 0 obj /S /Artifact /Pg 24 0 R >> << >> << /S /Artifact 943 0 obj endobj endobj >> >> << << /Lang (EN-US) << /S /P endobj << /K 848 /P 6203 0 R /Lang (EN-US) /Pg 24 0 R endobj /K 37 endobj /K 824 << /S /P /Lang (EN-US) 4128 0 obj >> /P 5587 0 R << /Pg 25 0 R /Pg 18 0 R /S /Artifact 1978 0 R null 1979 0 R null 1980 0 R null 1981 0 R 1982 0 R null 1983 0 R << endobj endobj << 1197 0 obj /S /P >> << /S /Artifact << >> 297 0 R 298 0 R 299 0 R 300 0 R 301 0 R 302 0 R 303 0 R 304 0 R 305 0 R 306 0 R << /S /Artifact endobj /S /P >> /Pg 24 0 R >> /Pg 22 0 R /Pg 25 0 R /Pg 23 0 R << << /S /P endobj << endobj 214 0 obj /K 1125 << 2555 0 obj >> 2087 0 obj /S /P 207 0 R 207 0 R 207 0 R 207 0 R 207 0 R 590 0 R 591 0 R] /S /P /Annots [4357 0 R] >> endobj 1989 0 obj /S /P >> >> /Pg 24 0 R /K 1422 /P 6335 0 R 2000 0 R null 2001 0 R null 2002 0 R null 2003 0 R null 2004 0 R null /Pg 23 0 R >> /Pg 25 0 R << >> endobj endobj /P 6729 0 R /Pg 23 0 R << 3805 0 obj endobj >> 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 << /S /Artifact 1810 0 obj /K 18 153 0 R 154 0 R 155 0 R 156 0 R null 439 0 R null 440 0 R null 157 0 R >> /S /P endobj 250 0 obj /Pg 16 0 R /S /P >> >> /S /Artifact /Pg 25 0 R >> /K 648 endobj >> endobj endobj /S /Artifact 3920 0 obj /S /P /S /P endobj << << /S /Artifact /S /P 843 0 obj endobj /S /Artifact endobj /P 6460 0 R >> /Lang (EN-US) /S /P << /K 1147 /Lang (EN-US) endobj /S /P endobj /Pg 24 0 R /S /P /Pg 22 0 R << /P 10 0 R endobj /Pg 24 0 R /P 6213 0 R << 1340 0 obj 2484 0 obj 4472 0 R 4473 0 R 4474 0 R 4475 0 R 4476 0 R 4477 0 R 4478 0 R 4479 0 R 4480 0 R 4481 0 R /Lang (EN-US) endobj /K 1295 4608 0 R] /P 10 0 R /Pg 23 0 R 1934 0 obj /K 36 endobj << <> endobj endobj << << /S /Artifact 76 0 obj >> endobj /K 1235 >> /K 1440 1939 0 obj /Pg 24 0 R /K 1458 /Pg 22 0 R >> endobj 4096 0 obj /Pg 25 0 R /Pg 22 0 R << Cliffwater is an alternative investment adviser and fund manager. >> >> /K 480 3863 0 obj /K 1263 /Pg 25 0 R /Pg 18 0 R /Pg 23 0 R endobj 2405 0 obj /K 17 3196 0 obj 404 0 obj 1305 0 obj /Pg 23 0 R /Lang (EN-US) 2076 0 R 2077 0 R 2078 0 R 2079 0 R 2080 0 R 2081 0 R 2082 0 R 2083 0 R 2084 0 R 2085 0 R /Pg 23 0 R << /Pg 25 0 R >> endobj /Lang (EN-US) endobj /Pg 22 0 R << /S /P /Lang (EN-US) /P 10 0 R /Lang (EN-US) /S /Artifact /S /Artifact /S /P /Pg 22 0 R /Lang (EN-US) >> /K 1132 /S /P /P 4884 0 R endobj 1409 0 obj >> /S /Artifact /K 961 /S /Artifact 3301 0 obj << << /K 1218 endobj /P 5046 0 R /S /P /Pg 25 0 R 396 0 obj >> >> /Lang (EN-US) /S /P >> 4294 0 obj /S /P endobj endobj << 1750 0 obj endobj 4183 0 obj 4136 0 obj endobj /S /P Acrobat PDFMaker 22 for Word 2511 0 obj /K 1094 /K 678 << /K 44 << /Pg 24 0 R /S /P /S /Artifact endobj /P 4888 0 R >> /S /P /S /P >> /P 5605 0 R 3126 0 obj /Lang (EN-US) 3704 0 obj /Pg 22 0 R >> endobj >> 3606 0 obj /Length 6768 0 R /K 803 /Lang (EN-US) /Pg 25 0 R 2843 0 obj << /K 767 /Pg 23 0 R endobj 1322 0 obj endobj /K 1366 3339 0 obj endobj << << /Type /Page endobj /Lang (EN-US) /K 1223 <> endobj <> /S /Artifact 158 0 R 160 0 R 161 0 R 162 0 R 163 0 R 164 0 R 165 0 R 166 0 R 167 0 R 168 0 R endobj /Pg 24 0 R >> /K 1313 /S /P /S /Artifact >> /K 1143 /Pg 18 0 R 1342 0 obj >> >> 2134 0 obj /S /Artifact 1748 0 R 1749 0 R null 1750 0 R null 1751 0 R null 1752 0 R null 1753 0 R /Pg 22 0 R << >> /K 1243 /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] /S /P endobj /S /Artifact Direct Lending: Benefits, Risks and Opportunities >> << << endobj 1217 0 obj /S /P 3776 0 obj /Lang (EN-US) /Pg 24 0 R /P 6505 0 R >> /K 761 << /S /P >> /Pg 24 0 R >> << /S /P >> /K 439 /S /P 1571 0 R null 1572 0 R null 1573 0 R null null null 1574 0 R null /K 1039 /S /P 211 0 obj 391 0 obj 1350 0 obj /K 40 << null 3714 0 R null null null 3715 0 R null 3716 0 R null 3717 0 R /S /P << /K 1238 /Pg 21 0 R << /MediaBox [0 0 612 792] /Lang (EN-US) /P 5952 0 R 952 0 obj endobj << /S /Artifact endobj /S /Artifact /Pg 24 0 R endobj /K 1199 /P 6100 0 R /K 538 >> >> endobj << /S /Artifact /Lang (EN-US) 1713 0 obj /A 4407 0 R /S /Artifact >> endobj /S /P /S /Artifact /K 1031 endobj /Pg 23 0 R 458 0 obj /K 52 >> /Pg 24 0 R << endobj /S /Artifact 3974 0 obj >> /K 146 /S /P /Lang (EN-US) /S /P /Type /Page /Pg 22 0 R /S /P /K 1502 endobj /Pg 22 0 R >> /Pg 22 0 R >> /K 1353 469 0 obj /P 5260 0 R endobj /K 759 /Pg 25 0 R 2193 0 obj /Pg 23 0 R << << /Pg 22 0 R >> /K 1261 >> 2292 0 obj /K 716 /K 202 endobj << /S /Artifact /S /Artifact <> /P 6534 0 R /Pg 24 0 R /Pg 24 0 R /Lang (EN-US) endobj endobj endobj /Pg 22 0 R 2298 0 obj << >> /Lang (EN-US) >> /P 4897 0 R >> 3081 0 obj /K 211 3658 0 obj << >> 1145 0 obj << 1381 0 obj We are not afraid to talk about it. /Lang (EN-US) >> /K 7 /Lang (EN-US) null 3577 0 R null null null 3578 0 R null 3579 0 R null 3580 0 R endobj /Pg 25 0 R >> /Pg 22 0 R endobj /P 4739 0 R >> endobj << /K 188 <> /Pg 23 0 R /K 1236 /Lang (EN-US) endobj /Pg 25 0 R 3510 0 obj >> /Lang (EN-US) /S /P endobj 474 0 obj /S /Artifact 301 0 obj <> 1957 0 obj << /Pg 23 0 R /Pg 23 0 R Access to this resource is limited to existing Cliffwater clients and qualified prospects for our Funds, By clicking "Login", I accept Terms of Use, If you are an RIA, institutional investors, or other prospect for Funds, please contact us to gain access, By clicking "Accept", I accept Terms of Use, For more information to login, call (310) 448-5000 or email info@cliffwater.com, {{CDLI.indexValue}}Index Value ({{CDLI.indexDate}}), {{CDLI.assetFairValue}}BAssets (Fair Value), {{CDLI_S.indexValue}}Index Value ({{CDLI_S.indexDate}}), {{CDLI_S.assetFairValue}}BAssets (Fair Value), {{CDLI_V.indexValue}}Index Value ({{CDLI_V.indexDate}}), {{CDLI_V.assetFairValue}}BAssets (Fair Value), {{CWBDC.indexValue}} Index Value ({{CWBDC.indexDate}}), {{CWBDC.numberofCompanies}}Number of Companies, {{CWBDC.marketCapitalization}}BMarket Capitalization, {{CWBDC.navPremium}}%NAV Premium/Discount. 2777 0 obj <> 2243 0 obj >> >> >> /Pg 23 0 R 2760 0 obj /P 5226 0 R 2019 0 R null 2020 0 R null 2021 0 R null 2022 0 R null null null endobj endobj /K 82 endobj >> /P 6348 0 R /Pg 25 0 R /P 10 0 R /K 1188 2677 0 obj endobj /Lang (EN-US) << >> endobj /P 6173 0 R 14 [333 0 R 334 0 R 335 0 R 336 0 R 337 0 R 338 0 R 339 0 R 340 0 R 341 0 R 342 0 R endobj endobj /P 10 0 R >> 2184 0 obj /S /Artifact 2268 0 obj << << 3666 0 obj << /K 1171 << /Pg 26 0 R >> >> /K 1276 65 0 R 66 0 R 68 0 R 69 0 R 70 0 R null 72 0 R 73 0 R 75 0 R 76 0 R << /K 931 << /K 1357 /Pg 25 0 R /K 1360 /K 395 endobj /K 1467 << >> >> 3021 0 obj /Lang (EN-US) /P 5139 0 R /Lang (EN-US) >> >> /K 549 endobj >> <> >> /P 5457 0 R >> 3864 0 obj /Pg 22 0 R >> endobj /S /Artifact /Pg 24 0 R << /Pg 23 0 R /S /P >> /Pg 22 0 R << << << << 2519 0 obj >> /Pg 23 0 R endobj >> endobj >> /Pg 25 0 R endobj /S /Artifact /Pg 22 0 R /P 10 0 R >> /K 803 /S /Artifact /K [1334 1335] /S /P /Pg 23 0 R 1172 0 obj /K 1367 /K 1382 3984 0 obj /S /P /K 913 >> /S /Artifact /S /P >> /Pg 25 0 R << << endobj /K 252 >> /K 801 >> /S /P /Pg 23 0 R /Lang (EN-US) 436 0 R 436 0 R] << << /Lang (EN-US) endobj >> /Pg 24 0 R /Pg 25 0 R endobj >> >> endobj >> endobj << 14 0 obj endobj endobj /K 329 1887 0 obj /Lang (EN-US) /Pg 25 0 R /S /Artifact /S /P << /A 6766 0 R endobj /P 5213 0 R /Pg 22 0 R << 1550 0 obj /Pg 23 0 R /S /Figure /K 1394 /S /P /K 714 endobj 3939 0 obj >> << endobj /Pg 23 0 R /Lang (EN-US) >> /Pg 22 0 R >> /Pg 23 0 R endobj /P 5267 0 R /K 1284 /Lang (EN-US) endobj /K 38 << << 466 0 obj 3575 0 obj 266 0 obj /Pg 25 0 R endobj 1970 0 R null 1971 0 R null 1972 0 R null 1973 0 R null 1974 0 R null /S /Artifact endobj >> /P 6421 0 R /P 6390 0 R << /Lang (EN-US) /Lang (EN-US) /K 1198 >> /MediaBox [0 0 612 792] endobj USA & International; Australia; Canada; France; /Pg 24 0 R /S /P >> << 3418 0 obj /Pg 24 0 R >> /Pg 22 0 R << << null 2788 0 R null 2789 0 R null 2790 0 R 2791 0 R null 2792 0 R null >> /S /P >> 2336 0 obj 3327 0 obj endobj /K 1157 endobj /Parent 8 0 R 1069 0 obj >> /P 4886 0 R << >> 2130 0 obj << << null 2481 0 R null 2482 0 R null 2483 0 R null 2484 0 R 2485 0 R null >> /K 1318 /P 5065 0 R endobj /K 1297 1294 0 obj /S /P /P 6172 0 R /P 6337 0 R << >> /S /P endobj endobj 1033 0 obj endobj /S /Artifact /S /P 415 0 obj >> /S /Artifact /P 6567 0 R endobj /Pg 25 0 R /S /Artifact /K 1376 << /Lang (EN-US) << /Pg 13 0 R /Pg 24 0 R /S /Artifact /Pg 22 0 R /S /Artifact >> 3634 0 obj <> endobj endobj << /Pg 18 0 R >> >> endobj 903 0 obj >> >> >> << >> << /Subtype /Link >> /Pg 23 0 R /Pg 25 0 R 1835 0 obj /Pg 23 0 R /Pg 23 0 R >> /Pg 25 0 R /P 4825 0 R /Lang (EN-US) << /Pg 25 0 R /K 2 >> >> >> >> 3410 0 obj /P 10 0 R /Resources 4347 0 R endobj /Pg 22 0 R endobj 5 This growth has been due in part to the declining presence of banks in middle-market lending - a trend that began in the endobj >> /P 6417 0 R /Pg 25 0 R /Lang (EN-US) 2230 0 obj /S /Artifact /S /Artifact >> << << /Pg 22 0 R /K 36 >> <> /K 1426 498 0 obj 4196 0 obj /Pg 23 0 R /K 1359 /Pg 23 0 R /Lang (EN-US) >> 956 0 R null 957 0 R null 958 0 R null 959 0 R null 960 0 R null /Lang (EN-US) /K 1265 >> /K 28 /Pg 24 0 R >> >> << <> /Pg 22 0 R /K 1519 /K 1529 << /Pg 25 0 R /K 102 endobj /K 111 1937 0 obj >> >> Direct Lending) >> /K 457 /S /P >> << endobj 1811 0 obj /S /P /Pg 24 0 R << /Lang (EN-US) 4069 0 obj /S /Artifact << /Pg 22 0 R /P 4783 0 R >> /P 5293 0 R /Lang (EN-US) /S /P /P 4795 0 R << << >> /P 5943 0 R /S /Artifact /K 1409 /Pg 25 0 R >> << >> /P 5385 0 R /S /P << endobj /K 1157 endobj /Lang (EN-US) /S /P /K 1135 /S /Artifact 1921 0 obj /S /P /S /P /Pg 25 0 R /Pg 25 0 R >> << 78 0 R] 3251 0 obj /K 1220 << endobj >> 4250 0 obj /Pg 25 0 R endobj endobj << 305 0 obj endobj << /Lang (EN-US) << >> endobj /P 5859 0 R endobj /Lang (EN-US) >> >> >> /Lang (EN-US) /S /P /S /P /S /P /Pg 24 0 R /K 513 /S /P << /K 1337 /P 5934 0 R /P 5188 0 R /S /Artifact 4145 0 obj /P 4862 0 R /P 4890 0 R 1758 0 obj /P 6713 0 R 4108 0 obj /Lang (EN-US) << >> endobj /K 940 2141 0 obj endobj >> >> >> /S /P 1601 0 R null 1602 0 R null 1603 0 R null 1604 0 R 1605 0 R null 1606 0 R /P 5966 0 R >> /Lang (EN-US) /P 5021 0 R 2582 0 obj << 4033 0 obj 622 0 obj /Pg 25 0 R /P 6168 0 R /S /P 199 0 obj /S /P /Lang (EN-US) << /Lang (EN-US) >> 2842 0 obj /Pg 24 0 R /Pg 25 0 R /S /Artifact /K 610 /K 1301 >> << /Pg 22 0 R /P 10 0 R endobj 1589 0 obj >> /Pg 25 0 R /P 6756 0 R /K 89 /Lang (EN-US) 2593 0 R 2594 0 R null 2595 0 R null 2596 0 R null 2597 0 R null 2598 0 R 1825 0 obj /K 1249 >> 2506 0 obj /Tabs /S >> /K 428 >> /K 522 /K 1093 /Pg 22 0 R /K 1416 /P 5009 0 R /Pg 22 0 R endobj 3157 0 obj /S /P /P 6605 0 R /K 1464 /P 95 0 R >> >> endobj 3626 0 obj /Pg 26 0 R 4158 0 obj 149 0 obj /S /P >> 2880 0 obj /K 91 << >> 1557 0 obj endobj >> 2051 0 obj /S /P /Lang (EN-US) /Lang (EN-US) /P 5798 0 R << << 597 0 obj 3188 0 obj >> endobj /S /P /Pg 25 0 R << /Lang (EN-US) >> /S /Artifact endobj /P 5330 0 R >> /S /P << /K 1031 88 0 obj << >> << /Pg 23 0 R /S /Artifact /Pg 22 0 R /K 105 /Lang (EN-US) In the U.S., direct lending assets under management jumped by over 800% in the decade following the GFC. << 741 0 obj /Pg 22 0 R << endobj /Lang (EN-US) endobj >> >> 1792 0 obj /K 707 /S /P >> /Lang (EN-US) endobj /Lang (EN-US) >> /P 10 0 R endobj /K 588 /P 4899 0 R /Pg 25 0 R << /S /P 1123 0 obj endobj << /Lang (EN-US) endobj /K 1156 >> /S /Artifact /Lang (EN-US) 330 0 obj /S /P 2297 0 obj /Lang (EN-US) /K 1225 << /S /P /Lang (EN-US) >> /P 4973 0 R /K 507 817 0 obj << << /Lang (EN-US) 2913 0 R null 2914 0 R null 2915 0 R null null null 2916 0 R null 1535 0 obj /S /Artifact /S /P /K 859 << /Lang (EN-US) >> null 1588 0 R null 1589 0 R null 1590 0 R null 1591 0 R null 1592 0 R 1189 0 obj /K 1451 endobj /P 6528 0 R null 929 0 R null 930 0 R null 931 0 R 932 0 R null 933 0 R null >> endobj /S /Artifact /Pg 23 0 R 143 0 obj 2440 0 obj 2434 0 obj endobj 1524 0 obj endobj /K 1532 endobj /S /Artifact << /S /P 2533 0 obj endobj 4155 0 obj /S /P endobj /S /P null 2501 0 R null 2502 0 R null null null 2503 0 R null null 3370 0 obj /S /Artifact /S /P << /K 109 /K 1433 << >> endobj /Pg 23 0 R << endobj /P 4742 0 R /K 948 /Pg 22 0 R endobj /K 16 /Pg 22 0 R << << /K 1152 endobj /Pg 25 0 R /Pg 22 0 R 146 0 obj /Pg 23 0 R /P 5599 0 R >> << /Lang (EN-US) /P 4867 0 R endobj /K 755 << << 2374 0 obj /Lang (EN-US) endobj /Lang (EN-US) >> /P 4438 0 R << /P 6551 0 R 2160 0 obj /Pg 23 0 R /K 1534 << 2495 0 R null 2496 0 R null 2497 0 R 2498 0 R null 2499 0 R null 2500 0 R /K [4588 0 R 4589 0 R 4590 0 R 4591 0 R 4592 0 R 4593 0 R 4594 0 R 4595 0 R 4596 0 R 4597 0 R /Pg 23 0 R 538 0 R null null null null null 539 0 R null 195 0 R 540 0 R endobj /Lang (EN-US) /P 6209 0 R /Lang (EN-US) /Document#20Type (5) /P 10 0 R endobj /Pg 23 0 R 478 0 obj /Pg 25 0 R /Pg 25 0 R 317 0 obj /Lang (EN-US) /K 256 /Lang (EN-US) 181 0 obj /K 356 /P 6450 0 R << /Lang (EN-US) >> /K 267 951 0 obj endobj /P 5820 0 R /K 246 << >> endobj endobj /S /P /S /P /S /P endobj << /S /Artifact /S /P /S /Artifact >> << << /Lang (EN-US) endobj endobj /S /P endobj /Lang (EN-US) /Pg 22 0 R 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 1254 /S /P /P 10 0 R 3406 0 obj /Lang (EN-US) /K 10 /S /P >> 4091 0 obj /Lang (EN-US) /Lang (EN-US) /S /Artifact /K 1294 /Lang (EN-US) /P 6432 0 R /Lang (EN-US) 3351 0 obj /K 863 /K 840 /S /P << /S /Artifact endobj /K 1178 1096 0 obj /Contents 4364 0 R /Lang (EN-US) << /Rotate 0 2218 0 obj null 876 0 R null 877 0 R null null null 878 0 R null 879 0 R /Lang (EN-US) 2664 0 R null 2665 0 R 2666 0 R null 2667 0 R null 2668 0 R null 2669 0 R 3916 0 obj 133 0 obj /K 1351 /S /Artifact /K 767 endobj >> 507 0 R 508 0 R null 509 0 R 510 0 R null 511 0 R null 512 0 R null << /K 52 >> << << >> << /K 12 /S /P /Pg 22 0 R endobj /K 49 endobj /Lang (EN-US) >> /S /P /Lang (EN-US) << /K 1340 /Pg 25 0 R >> /Pg 17 0 R /K 961 /P 5540 0 R /Lang (EN-US) /K 708 1195 0 obj << endobj /Lang (EN-US) 1274 0 obj >> 1070 0 obj /Pg 26 0 R >> << >> endobj /Pg 23 0 R << 4235 0 obj /Pg 24 0 R /Pg 22 0 R 4272 0 obj << >> /S /Artifact /K 797 << << /K 1286 613 0 obj /Annots [4351 0 R 4352 0 R 4353 0 R 4354 0 R] >> /Lang (EN-US) /S /P /S /P /S /P /S /P /K 90 4214 0 R 4215 0 R 4216 0 R 4217 0 R 4218 0 R 4219 0 R 4220 0 R 4221 0 R 4222 0 R 4223 0 R /P 6562 0 R /S /P << /S /P /Pg 24 0 R /P 6166 0 R /Lang (EN-US) 3925 0 obj 275 0 obj >> endobj /S /P << >> endobj 1772 0 obj /K 1361 >> /P 6121 0 R /S /P /Pg 23 0 R /K 1202 /Pg 23 0 R /S /Artifact endobj /P 4641 0 R endobj /K 1064 >> >> /Pg 22 0 R >> endobj endobj /S /P /K 756 /Pg 23 0 R >> /S /P endobj /S /P 4193 0 obj /K 1153 endobj << 1308 0 R 1309 0 R 1310 0 R 1311 0 R 1312 0 R 1313 0 R 1314 0 R 1315 0 R 1316 0 R 1317 0 R /Pg 23 0 R /K 1180 >> 857 0 obj /Pg 19 0 R /K 641 /Pg 24 0 R 624 0 obj /P 184 0 R /K 207 2144 0 obj >> << endobj /S /P >> /K 1397 2497 0 obj >> /K 890 2820 0 obj << /Pg 23 0 R /Pg 25 0 R >> << 1094 0 obj endobj /P 5660 0 R /K 1269 /K 1089 endobj /P 5696 0 R /Pg 25 0 R 2462 0 obj << /K 1328 /P 5229 0 R /P 5308 0 R Cliffwater draws up direct lending index - Private Debt Investor