/K 1253 /S /Artifact /S /Artifact >> 4141 0 obj /K 1504 endobj /Pg 15 0 R /S /Artifact << 1007 0 obj /P 33 0 R >> /Pg 23 0 R /S /Artifact /Pg 18 0 R endobj >> endobj 744 0 obj /K 1042 >> endobj /P 5795 0 R /K 154 /P 5619 0 R << /Pg 22 0 R /K 1119 /Lang (EN-US) endobj endobj endobj << 1994 0 obj /K 1546 /K 459 2131 0 obj /Pg 25 0 R >> >> endobj 3230 0 obj endobj /K 144 endobj /Lang (EN-US) >> /K 24 >> 4284 0 R 4285 0 R 4286 0 R 4287 0 R 4288 0 R 4289 0 R 4290 0 R 4291 0 R 4292 0 R 4293 0 R /Pg 22 0 R endobj /Lang (EN-US) /Pg 24 0 R << /Pg 25 0 R 46 0 obj /S /Artifact >> << null 3816 0 R 3817 0 R null 3818 0 R null 3819 0 R null 3820 0 R null /P 5123 0 R >> /S /P >> >> /S /P << /K 821 519 0 obj << /Lang (EN-US) >> 4094 0 obj endobj << endobj /S /P >> << /Pg 16 0 R 1864 0 obj /Lang (EN-US) endobj 842 0 obj /Pg 25 0 R << /K 1175 >> << /K 343 /Lang (EN-US) << /Lang (EN-US) /S /Artifact 3380 0 obj >> 3281 0 obj << 3054 0 obj /S /P >> endobj /Pg 25 0 R << << >> 3405 0 obj /P 6402 0 R /Pg 22 0 R >> /K 1165 /Pg 25 0 R >> 1704 0 obj endobj /K 620 /Lang (EN-US) /Pg 22 0 R 1676 0 obj endobj 3863 0 obj /K 1352 /Pg 23 0 R /K 87 << /Pg 22 0 R Direct Lending: Benefits, Risks and Opportunities /K 293 /P 5505 0 R endobj /P 6206 0 R >> /S /Artifact /S /Artifact << /K 1443 /Lang (EN-US) /K 1312 775 0 R null null null 776 0 R null null null 777 0 R null /Pg 24 0 R /S /P /Pg 25 0 R /S /Artifact 1355 0 obj /S /Artifact endobj 2129 0 obj /Lang (EN-US) 3591 0 obj /P 5072 0 R /K 298 >> 362 0 obj /Pg 24 0 R /S /P 1688 0 obj /Lang (EN-US) /Pg 22 0 R << /Lang (EN-US) 821 0 obj << << << endobj 930 0 obj /S /P /Pg 23 0 R 3523 0 R 3524 0 R null 3525 0 R null 3526 0 R null 3527 0 R null 3528 0 R /Pg 23 0 R endobj /Pg 24 0 R >> >> >> 272 0 obj >> /Pg 23 0 R << /S /Artifact /S /P << /InlineShape /Figure /S /P endobj /Lang (EN-US) /S /P /Pg 24 0 R endobj /Pg 23 0 R /Pg 25 0 R >> /S /P /S /Artifact 1329 0 obj << endobj endobj /Pg 23 0 R /K 269 << 1385 0 R 1386 0 R 1387 0 R 1388 0 R 1389 0 R 1390 0 R 1391 0 R 1392 0 R 1393 0 R 1394 0 R /K 29 /Lang (EN-US) >> >> /Pg 23 0 R << /K 774 endobj /P 6606 0 R /Pg 24 0 R endobj 3890 0 obj null null 3847 0 R null 3848 0 R null 3849 0 R null 3850 0 R null /K 674 /Pg 24 0 R /S /Artifact >> /Lang (EN-US) /Lang (EN-US) << /P 5604 0 R /Lang (EN-US) endobj >> endobj << 2090 0 obj /K 476 << 302 0 obj endobj << /S /P /K 1351 << >> << endobj /Lang (EN-US) /Pg 18 0 R << >> >> >> << /Pg 24 0 R /K 486 3825 0 obj /K 1417 << endobj >> /S /Figure >> /S /P 247 0 obj /P 6311 0 R >> endobj /S /Artifact /S /P /Lang (EN-US) << endobj /S /P /Lang (EN-US) /Pg 22 0 R >> /Pg 13 0 R /K 809 endobj /S /P endobj >> /K [12 4631 0 R] /Pg 23 0 R >> endobj << >> 3037 0 obj /Pg 18 0 R >> /K 3 << >> /P 6013 0 R 2902 0 obj >> endobj /Lang (EN-US) endobj >> /P 4793 0 R /S /LBody /Lang (EN-US) 396 0 obj /K 1129 << /K 1346 << /K 1549 PRIVATE DEBT - Yield, Safety and the Emergence of Alternative Lending 3447 0 obj /K 1269 /P 146 0 R /P 5871 0 R /S /Artifact null 410 0 R 37 0 R 411 0 R 42 0 R 412 0 R 45 0 R 30 0 R 40 0 R 413 0 R >> /Pg 23 0 R 849 0 R null 850 0 R null 851 0 R null 852 0 R null 853 0 R null >> 2185 0 obj << 3393 0 obj /K 311 /Pg 22 0 R << endobj 3384 0 R 3385 0 R 3386 0 R 3387 0 R 3388 0 R 3389 0 R 3390 0 R 3391 0 R 3392 0 R 3393 0 R << /S /Artifact 3639 0 obj 1945 0 obj /K 1221 /K [560 0 R 539 0 R] /K 192 /K 550 4042 0 obj >> /Pg 13 0 R 1110 0 obj /S /P 3114 0 obj 2354 0 obj /S /P /Pg 24 0 R 2828 0 obj /S /Table /P 5412 0 R /P 5593 0 R endobj << /S /Artifact /S /P 1772 0 obj /Pg 21 0 R /P 10 0 R endobj >> endobj 1689 0 obj >> /Pg 23 0 R /Pg 24 0 R /P 10 0 R >> << /S /P << /P 4777 0 R /S /Artifact /P 5128 0 R 1645 0 obj /S /P /S /Artifact << /Pg 22 0 R 2069 0 obj /K 1178 endobj 3259 0 obj /K 1162 >> << << endobj >> /Lang (EN-US) /S /P >> << endobj >> << >> /K 580 /S /P endobj /Pg 22 0 R /P 4846 0 R 2557 0 obj << /K 1500 /P 6390 0 R /Pg 23 0 R << endobj >> >> << /P 6601 0 R /Pg 23 0 R /Pg 23 0 R 3009 0 obj /K 1207 /Pg 23 0 R /Lang (EN-US) /Pg 23 0 R << /K 1319 << /Lang (EN-US) 2244 0 obj /P 6459 0 R /S /P << 1979 0 obj /P 4783 0 R 70 0 obj 3592 0 obj /Pg 23 0 R /K 1183 << /K 412 >> /K 530 >> /K 1382 << 19 0 obj << << 1811 0 obj /Pg 18 0 R /Pg 25 0 R /Pg 22 0 R /Pg 19 0 R /P 5178 0 R /Lang (EN-US) /K 1192 /S /P /Pg 21 0 R 1804 0 obj /K 1426 null null null 3626 0 R null 3627 0 R null 3628 0 R null 3629 0 R /S /P /P 10 0 R /P 10 0 R /K 1511 /Lang (EN-US) /S /Artifact << /Pg 25 0 R /S /P >> /K 183 >> /K 1376 2351 0 obj /K 718 1130 0 obj << /S /P >> 2593 0 obj /K 1071 /S /P /P 6283 0 R 2972 0 obj endobj << /Pg 13 0 R /K 1183 2220 0 obj 3175 0 obj << /S /Artifact /K 219 /Tabs /S >> /K 1400 null 1637 0 R null 1638 0 R null 1639 0 R null 1640 0 R 1641 0 R null << >> /P 6108 0 R /K 1033 /S /P endobj >> >> 3750 0 obj 1017 0 obj >> /Lang (EN-US) << 347 0 obj 3037 0 R 3038 0 R 3039 0 R 3040 0 R 3041 0 R 3042 0 R 3043 0 R 3044 0 R 3045 0 R 3046 0 R /Pg 23 0 R << 2950 0 obj /S /Figure >> /Pg 24 0 R endobj << /P 4844 0 R endobj /K 782 endobj /S /P 3802 0 R null 3803 0 R null 3804 0 R 3805 0 R null 3806 0 R null 3807 0 R endobj null 1708 0 R null 1709 0 R null 1710 0 R null 1711 0 R null 1712 0 R /Lang (EN-US) 3816 0 obj << /Pg 22 0 R endobj /Pg 24 0 R << << /S /Artifact /Lang (EN-US) /Pg 23 0 R 3208 0 obj /A 4396 0 R >> 1875 0 obj /S /P >> /Lang (EN-US) /P 4738 0 R endobj 77 0 R 79 0 R 80 0 R null null null null 419 0 R 73 0 R 51 0 R /Lang (EN-US) /K 45 /P 5897 0 R 1506 0 obj /K 965 /S /Artifact endobj endobj 1163 0 obj /S /P << << /S /P /Pg 22 0 R endobj endobj /K 1129 /Pg 22 0 R << 3873 0 obj 2343 0 R 2344 0 R 2345 0 R 2346 0 R 2347 0 R 2348 0 R 2349 0 R 2350 0 R 2351 0 R 2352 0 R null 1845 0 R null 1846 0 R null 1847 0 R null 1848 0 R null 1849 0 R /Lang (EN-US) endobj 1914 0 obj 892 0 obj 2153 0 obj >> endobj << /K 975 << 3480 0 obj /K 61 /Lang (EN-US) << endobj << /Pg 22 0 R << endobj >> << /Pg 25 0 R >> >> >> 2619 0 obj /S /P 1531 0 obj >> /Lang (EN-US) /Pg 22 0 R >> /K 140 << endobj endobj >> 2791 0 obj 1877 0 obj endobj /K 1354 /S /P /Pg 22 0 R endobj endobj /S /Artifact /S /P >> endobj /Pg 22 0 R 3912 0 obj << >> endobj /Pg 24 0 R >> 2550 0 obj 2720 0 obj >> 3811 0 obj /P 6061 0 R 3864 0 obj /K 1307 /Pg 16 0 R >> /Pg 24 0 R /Pg 22 0 R /K 1219 /K 1472 endobj /P 5210 0 R /S /P /Pg 23 0 R << >> >> /K 876 >> 2958 0 obj endobj << /K 25 endobj /Lang (EN-US) >> /Lang (EN-US) endobj endobj /Pg 23 0 R endobj /K 7 /K 606 /S /P /P 6315 0 R /P 6658 0 R /K 1195 /S /P /P 10 0 R endobj << /S /Artifact /S /P endobj >> 2494 0 obj /K 1202 3374 0 obj << /Pg 22 0 R >> /K 45 /K 1532 /Lang (EN-US) >> /Lang (EN-US) /Pg 25 0 R /S /P /K 1069 /P 6004 0 R endobj /Lang (EN-US) >> << /K 1224 /Pg 24 0 R /Pg 22 0 R /P 5498 0 R 10 0 obj /Pg 24 0 R /K 1517 /Lang (EN-US) /S /Artifact /K 884 /P 5450 0 R CCLFX Quote - Cliffwater Corporate Lending Fund - Bloomberg Markets 3046 0 obj << /S /P >> 2708 0 obj /S /P >> endobj /K 536 >> /Pg 22 0 R endobj 3761 0 obj null null 1855 0 R null null null 1856 0 R null 1857 0 R null >> endobj /P 5297 0 R /K 1182 << 4161 0 obj >> << /Lang (EN-US) 1203 0 obj /Pg 22 0 R /P 10 0 R /Pg 23 0 R /Pg 24 0 R << /K 1473 /S /P << << /K 782 >> << /K 891 3687 0 obj endobj /K 1250 << >> /S /Artifact << endobj /A 4394 0 R >> /P 5362 0 R /S /P 2238 0 obj /S /Footnote >> 732 0 obj /S /P /K 1287 1197 0 obj /S /P 2891 0 R null null null 2892 0 R null null null 2893 0 R null << << /K 1367 /S /P /S /P /Lang (EN-US) null 622 0 R null 623 0 R null 624 0 R null 625 0 R 626 0 R null >> /Lang (EN-US) /S /Artifact /Pg 23 0 R /K 566 3092 0 obj /K 1431 726 0 obj /P 10 0 R /Pg 19 0 R /P 5529 0 R << /P 5666 0 R 1789 0 obj << 1748 0 obj /S /P /P 5376 0 R /P 4804 0 R /S /P /P 10 0 R endobj 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 373 3349 0 obj /K 1474 /Pg 15 0 R endobj >> /S /Artifact >> /K 664 << /S /P endobj /K 900 3125 0 obj endobj 1616 0 obj endobj >> << /S /Artifact /Lang (EN-US) >> 4050 0 obj /Pg 25 0 R /S /Artifact << /S /P 754 0 obj /Pg 25 0 R 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1175 0 R 1176 0 R 1177 0 R /Pg 24 0 R /Lang (EN-US) /K 589 /S /Artifact /P 6071 0 R << So we built one. /P 5098 0 R endobj /Pg 23 0 R >> 1620 0 obj 3195 0 obj << >> endobj endobj /K 1052 endobj /S /P endobj /Pg 24 0 R << << /K 451 412 0 obj /Pg 24 0 R /K 1277 /K 697 /Pg 23 0 R /Lang (EN-US) /Lang (EN-US) endobj << endobj /Lang (EN-US) /Pg 24 0 R endobj /S /Artifact >> /P 4856 0 R /A 4745 0 R 1053 0 obj /S /Artifact << << >> /Pg 23 0 R /K 1363 2261 0 obj << << /Lang (EN-US) 4058 0 obj /Pg 24 0 R << /K 143 /Pg 22 0 R 638 0 obj >> endobj << /Lang (EN-US) /P 6018 0 R /Pg 24 0 R /K 1513 3963 0 obj /P 6200 0 R >> << /S /Artifact >> >> /P 6461 0 R /Pg 25 0 R >> >> << 2889 0 obj /K 1216 << >> /K [41 42 43 44] << /Pg 22 0 R /P 4821 0 R 1282 0 obj /K 1340 3344 0 obj 1690 0 obj 4178 0 obj endobj 1887 0 obj 2022-05-24T03:04:44-06:00 /Pg 24 0 R Adam Nyhan sur LinkedIn : Corporate Transparency Act Imposes New endobj /Lang (EN-US) /Lang (EN-US) PDF 2021 Q3 Report on U.S. Direct Lending - storage.googleapis.com /P 6552 0 R /K 1496 << Blue Owl 2023 Direct Lending Market Outlook 2119 0 obj >> << >> /Pg 25 0 R /P 5330 0 R Volatile public markets and interest rate increases could lead more investors to boost their exposure to private credit at a time when the same economic factors are threatening to slow transaction. endobj /K 1058 1455 0 obj /Lang (EN-US) /S /Artifact >> 2022 0 obj /P 5036 0 R /P 5941 0 R /Pg 16 0 R << /Pg 18 0 R << endobj /Lang (EN-US) endobj >> /Pg 24 0 R /S /P /Lang (EN-US) /Lang (EN-US) /S /Artifact << endobj /Pg 23 0 R /P 10 0 R /S /P /K 244 >> endobj /S /Artifact >> 1297 0 obj << /Pg 25 0 R >> 67 0 obj /Pg 22 0 R /S /P /P 10 0 R >> /Pg 25 0 R /K 1521 /Pg 24 0 R /P 6102 0 R endobj /S /P endobj /Pg 23 0 R >> /Pg 18 0 R 1108 0 obj << /Lang (EN-US) /Pg 22 0 R endobj /Pg 22 0 R /Pg 24 0 R /Pg 24 0 R >> 2156 0 R 2157 0 R 2158 0 R 2159 0 R 2160 0 R 2161 0 R 2162 0 R 2163 0 R 2164 0 R 2165 0 R /Pg 23 0 R endobj /K 289 endobj /K 1349 /K 1482 4255 0 obj << endobj >> 665 0 obj >> /S /P /K 1161 /K 605 /Pg 25 0 R /S /P endobj >> /Pg 19 0 R /Lang (EN-US) /S /P /P 4964 0 R /P 6150 0 R endobj /K 1444 /P 10 0 R endobj /Lang (EN-US) << 3804 0 obj /Pg 24 0 R /Pg 25 0 R endobj << /S /P 3072 0 obj /K 1403 /P 5449 0 R 3492 0 obj >> /K 1514 /K 1469 /Lang (EN-US) >> /P 5820 0 R /Pg 22 0 R >> /Lang (EN-US) /S /P endobj 661 0 obj endobj endobj /K 1269 3077 0 obj endobj 2230 0 obj >> << endobj /S /Artifact /P 10 0 R << /Lang (EN-US) endobj /K 1480 >> endobj >> endobj 3582 0 obj /Lang (EN-US) endobj >> >> << 582 0 obj /K 1303 >> /Pg 18 0 R >> /S /P /K 343 >> /Pg 24 0 R /S /Artifact << 2996 0 obj 805 0 obj /Lang (EN-US) /P 4845 0 R /K 846 875 0 obj /K 765 >> << 1809 0 obj /Pg 24 0 R << /Pg 24 0 R 3177 0 R 3178 0 R 3179 0 R 3180 0 R 3181 0 R 3182 0 R 3183 0 R 3184 0 R 323 0 R 3185 0 R 583 0 obj /Pg 22 0 R << >> 2602 0 obj >> /Pg 25 0 R >> /S /P << >> /P 4924 0 R >> /K 414 /P 10 0 R /S /Link /K 1125 >> /S /Artifact << /P 5115 0 R endobj << null 3696 0 R 3697 0 R null 3698 0 R null 3699 0 R null 3700 0 R null << /K 1542 /Lang (EN-US) /K 578 /S /P endobj << 2309 0 obj 685 0 obj /Lang (EN-US) >> >> endobj >> /P 4877 0 R /Pg 24 0 R /Lang (EN-US) 3257 0 obj >> /Pg 23 0 R endobj /Pg 24 0 R >> << endobj /K 1331 << << /P 6594 0 R 445 0 obj /S /Artifact >> /Pg 24 0 R /K 1231 endobj /S /P >> null null 1058 0 R null 1059 0 R null 1060 0 R null 1061 0 R null 996 0 obj /P 4870 0 R 3700 0 obj << /K 779 /K 1343 endobj >> /S /Artifact << /K 3 /S /P endobj /S /Artifact /K 1369 /Lang (EN-US) /Pg 25 0 R << endobj 1828 0 obj >> /K 526 /P 6719 0 R >> /K 432 /Pg 25 0 R endobj /Lang (EN-US) /S /Artifact /S /P 2136 0 obj /Pg 25 0 R /Pg 23 0 R endobj 2279 0 obj /P 5243 0 R /S /Artifact endobj /S /Artifact << << /S /Artifact 1604 0 obj endobj /Pg 22 0 R /S /P /S /P /Pg 23 0 R /S /Artifact /Pg 24 0 R /S /Artifact endobj /S /P >> endobj << /S /Artifact << /K 186 899 0 obj 3911 0 obj 1137 0 obj << endobj /P 10 0 R /Pg 24 0 R endobj /S /P >> >> /S /P 1526 0 obj /K 24 /Pg 22 0 R 3088 0 obj endobj << endobj << 2128 0 obj /Lang (EN-US) /Pg 25 0 R << /Pg 25 0 R 1288 0 obj /P 4906 0 R endobj /Pg 24 0 R /Pg 23 0 R << /Pg 22 0 R 2538 0 obj /K 931 94 0 obj << /Lang (EN-US) << endobj endobj Monroe Capital Corp Management'S Discussion and Analysis of Financial /P 6642 0 R /K 1298 /S /P /K 1368 /Pg 25 0 R /Pg 23 0 R /Pg 25 0 R 2133 0 obj null null 212 0 R 213 0 R 214 0 R 215 0 R 216 0 R 217 0 R 218 0 R 219 0 R 2482 0 obj 3640 0 obj /K 1353 << /K 1188 >> >> >> << /Pg 24 0 R /P 5712 0 R >> /K 1048 /S /P << >> /K 1417 /S /P endobj /P 10 0 R /S /P /Lang (EN-US) 2173 0 obj /S /Artifact >> /K 1547 /K 1445 /Lang (EN-US) /P 6517 0 R << >> 3233 0 obj /Lang (EN-US) endobj endobj 2179 0 obj >> /S /Artifact endobj 1138 0 R 1139 0 R 1140 0 R 1141 0 R 1142 0 R 1143 0 R 1144 0 R 1145 0 R 1146 0 R 1147 0 R /Pg 24 0 R >> /K 760 << endobj /Pg 24 0 R /S /Artifact << /Pg 24 0 R << /Lang (EN-US) << /S /P /S /P endobj >> /P 5751 0 R /K 40 /K 1540 << 3810 0 obj /K 1197 /S /P endobj /Pg 18 0 R ^+JA?\WDK /P 5721 0 R /K 1121 /K 1392 endobj 2401 0 obj /P 6016 0 R /S /P /P 6395 0 R /P 4959 0 R endobj >> endobj /P 5493 0 R /K 154 /P 33 0 R /S /Artifact /Lang (EN-US) /K 1537 /Pg 25 0 R /K 150 endobj /P 6148 0 R /Pg 25 0 R /Pg 23 0 R /K 1079 /K 870 /S /P /Lang (EN-US) endobj endobj /Pg 22 0 R /P 6665 0 R /Pg 20 0 R /S /Artifact /S /Artifact /S /P << /Pg 24 0 R null null null 1611 0 R null 1612 0 R null 1613 0 R null 1614 0 R /K 419 /S /Artifact /S /Artifact >> /Lang (EN-US) /K 1254 << << << /K 345 << 685 0 R null 686 0 R 687 0 R null 688 0 R null 689 0 R null 690 0 R /Pg 13 0 R /P 10 0 R endobj /Pg 25 0 R /P 4797 0 R 1576 0 obj /P 10 0 R /P 5800 0 R /Pg 25 0 R >> /K [536 0 R 537 0 R] /Pg 25 0 R /Lang (EN-US) endobj /Pg 25 0 R 3467 0 obj >> /K 1350 /S /P /S /P /Pg 23 0 R << /Pg 22 0 R << /S /P /P 5280 0 R /Pg 25 0 R /S /P >> 1866 0 obj 2042 0 obj /P 10 0 R /P 5315 0 R /S /P /Lang (EN-US) /S /P /K 7 1885 0 obj /K 1316 << endobj /Lang (EN-US) /MediaBox [0 0 612 792] 2932 0 obj /S /P >> /K 776 /P 5930 0 R /K 28 420 0 obj endobj /Lang (EN-US) endobj 3714 0 obj null 765 0 R null 766 0 R null 767 0 R null 768 0 R null 769 0 R << /Pg 23 0 R << >> /K 1514 << endobj /Pg 25 0 R >> /K 1252 /Pg 23 0 R << /Lang (EN-US) /S /Artifact 2582 0 obj /P 4921 0 R endobj /Lang (EN-US) /K 128 /P 10 0 R >> << endobj >> /K 1465 4140 0 obj endobj endobj 879 0 obj endobj /K 39 2084 0 obj /S /P << 3178 0 obj << /Lang (EN-US) /Pg 25 0 R 1124 0 obj endobj endobj /Pg 22 0 R endobj endobj << endobj 3159 0 obj >> /K 1492 1788 0 obj /S /P null 2647 0 R null null null 2648 0 R null 2649 0 R null 2650 0 R /Pg 25 0 R /K 79 /K 1543 /P 5997 0 R >> /P 6327 0 R >> /K 1492 /K 567 /K 247 << << << endobj 1624 0 obj endobj /K 764 /Pg 22 0 R /K 1159 /K 71 /Lang (EN-US) endobj /Pg 25 0 R >> /S /Artifact /Pg 25 0 R /S /P /Pg 22 0 R << 3226 0 obj endobj /K 849 2440 0 obj /P 6503 0 R /K 1193 endobj /Lang (EN-US) >> /S /Artifact endobj /Pg 23 0 R /Pg 22 0 R 1790 0 obj /K 806 << /Pg 23 0 R Should I Invest in Alternative/Direct Lending (LENDX)? >> endobj endobj endobj /Pg 19 0 R /K [47 435 0 R 71] /S /Artifact 3518 0 obj /K 1292 /P 10 0 R /K 735 /Lang (EN-US) /S /Artifact >> endobj endobj /P 5737 0 R /S /P 489 0 obj >> /P 5310 0 R /P 10 0 R /Pg 24 0 R /K 493 << endobj /S /P << << /S /Artifact >> /S /Artifact << endobj /S /P /Lang (EN-US) 2257 0 obj 1089 0 obj /Pg 18 0 R /S /P endobj /P 6706 0 R /Lang (EN-US) /K 1181 endobj 1870 0 obj /P 4805 0 R /Pg 25 0 R /Pg 24 0 R /K 1148 /S /P /Pg 24 0 R 985 0 obj 3255 0 obj >> endobj endobj /Pg 25 0 R << /K 3 >> 1157 0 obj /S /Artifact 2156 0 obj 847 0 obj 1218 0 obj << >> /S /P << << 928 0 obj << /Lang (EN-US) << << 527 0 obj /P 5996 0 R /Lang (EN-US) << /S /P Cliffwater Corporate Lending Fund Class I (CCLFX) - Yahoo! /Pg 22 0 R << << /Lang (EN-US) /Pg 24 0 R /Pg 22 0 R endobj /CropBox [0 0 612 792] /P 5993 0 R endobj /S /P << /K 6 /Pg 22 0 R /Pg 23 0 R << 2015 0 obj << /K 1529 endobj /K 1353 << 2534 0 obj << endobj /K 217 /S /Artifact /S /P 920 0 obj /S /Artifact >> 1090 0 obj endobj /K 1324 /Lang (EN-US) << >> << 3771 0 obj endobj /P 10 0 R Loan Note: Private debt's growing muscle; Cliffwater issues return /S /P /Lang (EN-US) /S /P >> /S /P 1528 0 obj >> 1084 0 obj 3753 0 obj << /S /P /P 6427 0 R /S /Artifact << endobj << /Pg 23 0 R /K 364 1664 0 obj /Pg 24 0 R >> /K 1505 888 0 obj >> /S /Artifact /Pg 22 0 R 1212 0 obj /Pg 22 0 R << endobj 199 0 obj << /Lang (EN-US) Direct lending - Institutional | BlackRock /K 138 2652 0 obj /S /P /Lang (EN-US) 3118 0 obj /P 10 0 R In high inflation periods, for example, PE has generated returns in excess of about 6% above public stocks. 4125 0 R 4125 0 R 4126 0 R 4127 0 R 4128 0 R 4129 0 R 4130 0 R 4131 0 R 4132 0 R 4133 0 R >> /K 1482 >> << >> /Pg 25 0 R endobj /S /P endobj 3357 0 obj endobj /K 1155 /K 981 /K [1111 1112] /Pg 23 0 R /S /Artifact /P 10 0 R /K 63 endobj /K 1308 >> endobj /K 40 1720 0 obj /K 127 endobj endobj /K 1236 /S /P endobj /K 244 endobj /S /Artifact endobj >> 946 0 obj << 107 0 R 108 0 R 109 0 R 110 0 R 111 0 R 112 0 R 113 0 R 114 0 R 115 0 R 116 0 R /Pg 24 0 R /Lang (EN-US) /Lang (EN-US) /K 1114 >> << /P 5762 0 R
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