CliffWater corporate lending fund (CCLFX) - Corporate Private Lending

CliffWater corporate lending fund (CCLFX)

The Cliffwater Corporate Lending Fund (CCLFX) is a diversified interval fund launched on June 5, 2019, by Cliffwater LLC, a leading alternative investment manager based on assets under management (AUM).

Registered under the Investment Company Act of 1940 as a closed-end management investment company, the Cliffwater Corporate Lending Fund (CCLFX) provides individual investors with accessible exposure to private credit markets via corporate lending.

The CCLFX interval fund must be purchased through a Registered Investment Advisor (RIA).  Glover Park Wealth Management, LLC is an SEC registered investment advisor (RIA).

The minimum investment is $10,000,000 at the firm level to invest in CCLFX.

The Cliffwater Corporate Lending Fund (CCLFX) operates as an interval fund, offering quarterly liquidity through repurchase offers (typically 5-25% of outstanding shares on a pro-rata basis), daily subscriptions, and 1099 tax reporting without investor accreditation requirements.



CCLFX focuses on generating consistent income through middle-market direct lending.  The fund invests in and co-invests in a broad portfolio of loans originated by institutional lenders, emphasizing first-lien senior secured loans (96% allocation as of mid-2025).  The fund provides exposure to over 3,900 unique private credit borrowers.

You can learn more about the fund on the Cliffwater, LLC website: Cliffwater Corporate Lending Fund (CCLFX)

As of the October 2025 CCLFX Fact Page, CCLFX reported 96% of loans were in "first-lien" status and total assets under management (AUM) of approximately $32 billion.

In November 2025, S&P Global Ratings assigned the fund an 'A' rating with a stable outlook, a historic first for a private credit interval fund, underscoring its credit quality and mainstream appeal.

CCLFX is a potential fixed-income alternative for investors who are seeking income and yields above U.S. Treasuries but understand that the underlying loan collateral is less than U.S. Treasuries. Also, CCLFX is not daily liquid unlike U.S. Treasury Bills and Notes.

While CCLFX offers diversification and income potential, investors should note risks including credit and liquidity constraints inherent in private markets, potential distribution variability, and economic sensitivity (though the fund mitigates this by its senior secured placement in the corporate lending structure).

For the most up-to-date information, consult the fund's official prospectus.

Cliffwater Corporate Lending Fund (CCLFX)

Schedule a meeting with Glover Park Wealth Management, LLC to learn more about the The Cliffwater Corporate Lending Fund (CCLFX) and meet with our advisors to see if allocating a percentage of your portfolio to a corporate private lending fund via a 1940 Act registered interval mutual fund meets your long-term financial income goals.