/S /Artifact 2792 0 obj endobj << endobj /S /P /K 62 << >> /K 1056 3860 0 obj << /K 878 null 489 0 R 490 0 R null 491 0 R null 492 0 R null 493 0 R 494 0 R << /K 98 /Pg 24 0 R << 1812 0 obj 2216 0 R 2217 0 R 2218 0 R 2219 0 R 2220 0 R 2221 0 R 2222 0 R 2223 0 R 2224 0 R 2225 0 R /K 938 endobj /P 5348 0 R /K 1256 /Pg 22 0 R endobj /P 6398 0 R /S /P /S /P << 580 0 obj /P 5671 0 R endobj /S /P 2180 0 obj /S /P /S /P 616 0 obj /P 4917 0 R /Pg 25 0 R >> /K 33 endobj endobj /Pg 25 0 R >> /S /P endobj /K 505 2342 0 obj /S /Artifact endobj 1946 0 obj >> /S /Artifact /P 10 0 R /Lang (EN-US) 4025 0 obj << << /Pg 22 0 R endobj /Pg 25 0 R >> endobj /K 1507 /S /P >> >> /Lang (EN-US) 122 0 obj 2836 0 obj /S /P << >> /S /Artifact /P 10 0 R >> endobj << /Pg 24 0 R /P 6498 0 R /S /Artifact 2813 0 obj /K 1379 /Lang (EN-US) >> /Pg 22 0 R >> 2756 0 obj 3083 0 obj /S /P 267 0 obj >> 2101 0 obj 3537 0 R null 3538 0 R null 3539 0 R null 3540 0 R null null null endobj /Pg 23 0 R << endobj /S /P /Pg 23 0 R /S /P /Pg 19 0 R >> /Lang (EN-US) 1960 0 obj << 1836 0 R null 1837 0 R 1838 0 R null 1839 0 R null 1840 0 R null 1841 0 R /K 1217 /Pg 22 0 R 1912 0 obj /Lang (EN-US) endobj /K 1218 /S /P endobj /S /Artifact /K 1507 2478 0 obj /P 5201 0 R >> >> >> << 1969 0 obj endobj << /S /P /S /Artifact /Lang (EN-US) /S /Artifact /Lang (EN-US) 3395 0 obj << << endobj /S /P /K 1513 /P 5890 0 R /Lang (EN-US) 3731 0 obj 1876 0 obj /Pg 22 0 R /S /Artifact >> >> /P 4807 0 R << /Lang (EN-US) /Pg 22 0 R /Pg 25 0 R endobj endobj /K 55 endobj << /S /P /K 331 /S /P /S /P 574 0 obj /S /P >> << endobj /K 1426 /P 6394 0 R >> /S /Artifact /P 10 0 R >> 683 0 obj /P 6107 0 R 449 0 obj << /Lang (EN-US) << 1142 0 obj << /Lang (EN-US) /S /P 3714 0 obj /K 301 /Lang (EN-US) endobj /Lang (EN-US) 96 0 obj 38 0 obj /Lang (EN-US) /K 976 /S /Artifact /K 1548 1110 0 obj /StructParents 0 << /Pg 23 0 R /P 5769 0 R 1275 0 obj /K 840 /S /Artifact /S /P 1235 0 obj /P 5302 0 R >> 2118 0 obj /P 10 0 R >> /K 1157 endobj << 767 0 obj >> endobj << >> << << /Pg 22 0 R << /K 1033 /S /P 1763 0 obj /P 6362 0 R /P 10 0 R /P 5238 0 R << >> << /S /P /Pg 22 0 R /K 187 << << /S /Artifact /Group 4370 0 R /K 1474 >> 1804 0 obj /K 869 /Pg 24 0 R /S /P /CropBox [0 0 612 792] /Pg 23 0 R /K 1397 >> << << 2897 0 obj /K 935 /Lang (EN-US) << << 420 0 obj << endobj << /Pg 15 0 R /S /Artifact 395 0 obj 277 0 R 278 0 R 279 0 R 280 0 R 281 0 R 282 0 R 283 0 R 284 0 R 285 0 R 286 0 R endobj /K 445 66 0 obj /K 626 /S /P /K 24 /P 5458 0 R << /S /Artifact >> endobj /S /Artifact 1638 0 obj endobj /K 108 endobj Loans are made or arranged pursuant to a California Financing Law license. /K 1316 >> << << /K 10 812 0 obj >> << 3244 0 obj /Pg 23 0 R >> /S /P << >> /K 23 endobj /K 13 endobj 1973 0 obj 4220 0 obj 2819 0 obj /S /P << << 1792 0 obj /Lang (EN-US) /P 4866 0 R >> 1100 0 obj /P 10 0 R 00:00. >> << /S /Artifact endobj << endobj /K 1455 /S /P /Pg 22 0 R /P 5597 0 R >> 2103 0 obj >> /S /Artifact 427 0 obj << endobj /Pg 25 0 R /Lang (EN-US) << /P 4797 0 R /Lang (EN-US) endobj << /Pg 19 0 R /Pg 25 0 R 3036 0 obj endobj /Pg 23 0 R endobj /K 58 /S /Artifact >> << endobj /Pg 23 0 R /P 10 0 R endobj endobj /S /P endobj 3434 0 obj 2351 0 obj endobj 3465 0 obj << /P 5274 0 R Here's my overview of the Corporate Transparency Act, a new federal law that will require most private U.S. companies to report to the U.S. Treasury the names >> 3258 0 obj /Lang (EN-US) endobj >> /K 109 >> 3136 0 obj << endobj << /S /P << >> >> 465 0 obj /P 6091 0 R 3963 0 obj >> /S /P /S /P >> >> /Pg 25 0 R /S /P /S /P /Lang (EN-US) >> /K 1233 /K 284 /S /Artifact /Lang (EN-US) endobj /Pg 24 0 R 3110 0 obj << /P 5523 0 R /S /P 3394 0 obj >> /Pg 23 0 R 3485 0 obj >> endobj /Pg 22 0 R /Lang (EN-US) endobj /Pg 25 0 R 148 0 obj >> >> /S /Artifact /Pg 25 0 R endobj >> /Lang (EN-US) 4207 0 obj >> /K 1220 /K 1258 1293 0 obj 2899 0 obj /Pg 24 0 R /S /Artifact 3752 0 obj << /Pg 23 0 R 2829 0 obj << /P 6686 0 R /S /Artifact /P 5280 0 R >> 932 0 obj /Pg 22 0 R >> /K 610 /K 113 1809 0 R null 1810 0 R null 1811 0 R null 1812 0 R null 1813 0 R 1814 0 R << /K 16 /S /P /P 6126 0 R /Lang (EN-US) endobj /Lang (EN-US) << /Pg 23 0 R << endobj /Pg 22 0 R endobj 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. << 1792 0 R null null 1793 0 R null null null 1794 0 R null null /K 1153 /S /P >> << endobj /Pg 25 0 R << /Pg 25 0 R >> 633 0 obj /P 10 0 R << >> 2923 0 obj /Pg 13 0 R 1154 0 obj 2652 0 obj /S /P endobj 1178 0 obj /P 5862 0 R 973 0 obj /S /Artifact /Pg 25 0 R /K 1126 /P 6328 0 R << /K 1537 /Pg 23 0 R 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 endobj << >> /K 1361 269 0 obj 2977 0 R 2978 0 R 2979 0 R 2980 0 R 2981 0 R 2982 0 R 2983 0 R 2984 0 R 2985 0 R 2986 0 R /Pg 22 0 R endobj /P 10 0 R /Pg 18 0 R /Lang (EN-US) /K 1259 /S /Artifact << << /Pg 23 0 R /S /P /Lang (EN-US) >> /S /Artifact /S /Artifact 3681 0 obj << /K 1029 117 0 obj /K 1087 endobj 1330 0 obj /Pg 18 0 R >> >> /K 1404 /K 1464 >> /S /P endobj /Pg 24 0 R /S /Artifact << << >> /K 405 /Pg 25 0 R >> << endobj /Pg 18 0 R 57 0 R 58 0 R 59 0 R 60 0 R 61 0 R 62 0 R 63 0 R 64 0 R 65 0 R 66 0 R /S /P /K 843 /Pg 22 0 R /Pg 25 0 R << endobj /Pg 24 0 R /Pg 22 0 R >> /Lang (EN-US) 885 0 obj /K 678 << 127 0 obj endobj endobj /K 30 << >> /Pg 25 0 R endobj /Pg 25 0 R << 60 0 obj >> >> /Lang (EN-US) /Pg 22 0 R /K 1424 << << endobj 3204 0 R 3205 0 R 3206 0 R 3207 0 R 3208 0 R 3209 0 R 3210 0 R 3211 0 R 3212 0 R 3213 0 R /P 5108 0 R /Pg 25 0 R 2453 0 obj /P 6468 0 R >> >> /Pg 23 0 R endobj /Pg 25 0 R /Lang (EN-US) /Pg 23 0 R /Pg 24 0 R /S /P /Lang (EN-US) endobj /Pg 18 0 R /K 720 endobj /Pg 24 0 R /Pg 22 0 R /S /Artifact /Lang (EN-US) >> /S /P /Lang (EN-US) /P 5728 0 R endobj /S /Artifact endobj /Lang (EN-US) << /Pg 16 0 R /S /P 2238 0 obj << /K 324 /K 1286 /S /P /S /Artifact /P 4826 0 R /K 1159 /S /P endobj /Pg 25 0 R /Pg 23 0 R >> >> /K 1307 /Lang (EN-US) >> << /K 26 >> << << /P 5709 0 R >> /Pg 23 0 R >> endobj /Pg 19 0 R /Lang (EN-US) /S /P /Lang (EN-US) endobj >> /K 77 /P 5024 0 R >> << endobj >> /K 1129 /Pg 24 0 R /Pg 22 0 R /Pg 25 0 R 2349 0 obj /K 34 /Pg 23 0 R endobj /Pg 20 0 R /S /P /P 6704 0 R /P 10 0 R 3030 0 obj << /K 863 /K 884 /S /P /K 804 194 0 obj >> /K 4 /K 1529 >> >> endobj 1487 0 obj 2269 0 obj /P 10 0 R 523 0 obj /Pg 24 0 R 3197 0 obj endobj /Pg 25 0 R /K 666 << << 2231 0 obj >> >> 2175 0 obj /Pg 24 0 R endobj 605 0 obj endobj endobj /S /Artifact 3093 0 obj 87 0 R 88 0 R 89 0 R 90 0 R 91 0 R 92 0 R 93 0 R 94 0 R 95 0 R 96 0 R endobj /S /P /S /Artifact 469 0 obj endobj /Pg 25 0 R /P 6482 0 R /K 1415 /Lang (EN-US) /Kids [8 0 R 9 0 R] /Pg 23 0 R 3017 0 R 3018 0 R 3019 0 R 3020 0 R 3021 0 R 3022 0 R 3023 0 R 3024 0 R 3025 0 R 3026 0 R /S /Artifact /P 5858 0 R 4040 0 obj endobj /K 1129 endobj /S /P endobj /K 199 << endobj /S /P /Pg 23 0 R /Lang (EN-US) /S /Artifact 1006 0 obj /Pg 25 0 R << /Lang (EN-US) /Lang (EN-US) /Lang (EN-US) /Pg 24 0 R >> /S /P >> endobj /K 73 /Lang (EN-US) 387 0 obj endobj /Lang (EN-US) /S /Artifact endobj 76 0 obj /A 6760 0 R /K 1141 >> /Pg 23 0 R >> << /Pg 23 0 R << << /S /Artifact endobj /Pg 23 0 R /Pg 25 0 R /Rotate 0 endobj /Pg 23 0 R endobj << endobj /S /Artifact >> /S /Artifact /K 234 endobj endobj /Pg 25 0 R /K 574 /P 5358 0 R /K 72 /Lang (EN-US) /S /P /P 6259 0 R /Pg 23 0 R /Lang (EN-US) /K 850 /S /Artifact << /Contents 4384 0 R /S /Artifact >> >> 1732 0 obj /Pg 25 0 R /Lang (EN-US) 2556 0 obj endobj >> 4177 0 obj /P 5981 0 R 1343 0 obj 4196 0 obj 4149 0 obj /Lang (EN-US) << /Pg 22 0 R >> endobj /S /P /P 5090 0 R << >> >> endobj << >> /Pg 20 0 R /S /P endobj /Lang (EN-US) /S /P >> /K 1282 /K 1318 3725 0 obj /K 300 /K 287 << /K 1374 /P 5537 0 R << /S /P /S /Artifact endobj /Pg 25 0 R >> /Lang (EN-US) /Pg 13 0 R /K 1160 /K 1527 /Pg 24 0 R << /K 908 endobj /Pg 25 0 R >> << /P 6602 0 R /S /P endobj /P 10 0 R /S /Artifact 3406 0 obj /Pg 24 0 R 1832 0 obj /K 1480 /K 657 << /S /P >> endobj /Pg 24 0 R /Lang (EN-US) /P 4785 0 R >> /K 631 353 0 R 354 0 R] 2222 0 obj << Average Loss Rates /K 1246 >> endobj /K 1530 /K 852 endobj << /Lang (EN-US) >> 2948 0 obj >> /Pg 24 0 R 1433 0 obj << /Pg 23 0 R /Type /Page >> /P 5194 0 R endobj endobj /P 5087 0 R >> 2845 0 R null 2846 0 R null 2847 0 R null 2848 0 R null 2849 0 R null /K 1240 1484 0 obj >> >> << /P 4658 0 R << /Lang (EN-US) /S /Artifact /K 52 /K 1278 /K 13 1817 0 obj /K 1098 /K 598 << /Pg 23 0 R 4328 0 obj /S /Artifact /Pg 24 0 R 2863 0 obj /Lang (EN-US) >> /Pg 22 0 R endobj << /K 1169 endobj /K 566 endobj /S /P /S /P /K 209 << >> /S /P /K 1342 /Pg 23 0 R /K 1302 1805 0 obj /S /P << << /Lang (EN-US) 4032 0 obj /S /P /P 6368 0 R >> >> /Pg 23 0 R /Pg 23 0 R 4308 0 obj /S /Artifact /Pg 22 0 R 2692 0 obj /K 1437 /K 1283 /S /P /Pg 24 0 R /Pg 23 0 R >> << /K 0 /S /P 2976 0 obj >> endobj /P 4889 0 R 4336 0 obj endobj /Pg 22 0 R /MediaBox [0 0 612 792] /Pg 24 0 R endobj /K 1183 >> endobj 3281 0 obj << /S /P 3188 0 obj /K 830 /S /P << /P 6094 0 R << << /Pg 23 0 R << 2560 0 obj /P 6018 0 R >> /Lang (EN-US) /S /Artifact /Resources 4356 0 R /Lang (EN-US) /K 678 >> endobj /Pg 25 0 R >> /Pg 24 0 R >> /S /P /S /Artifact /K 552 endobj 718 0 obj >> >> >> >> >> endobj >> /K 99 /S /P 2837 0 obj /Lang (EN-US) /K 1254 << >> /K 1465 /Lang (EN-US) /Lang (EN-US) endobj /S /P /P 193 0 R /P 10 0 R /P 5885 0 R << /P 10 0 R >> /Pg 24 0 R /Lang (EN-US) /Pg 23 0 R /S /P /Pg 22 0 R /P 6052 0 R /K 1543 /Pg 24 0 R /P 6330 0 R 553 0 obj /K 1338 << /Pg 23 0 R endobj << /Lang (EN-US) << /Pg 16 0 R >> /Pg 23 0 R /K 29 << /Pg 22 0 R /P 5575 0 R /K 1044 /K 1278 << /Pg 22 0 R << << /P 4895 0 R /Pg 19 0 R endobj endobj 1265 0 obj /Pg 25 0 R << << /Pg 25 0 R /S /P /Pg 24 0 R /Lang (EN-US) /Pg 21 0 R << /P 10 0 R /K 156 << endobj << 712 0 obj endobj /K 1205 >> 2674 0 obj /Pg 25 0 R null 2621 0 R null 2622 0 R null null null 2623 0 R null null /Lang (EN-US) /S /Artifact /StructParents 5 1335 0 obj /Lang (EN-US) 3558 0 obj endobj /Pg 23 0 R << >> /Lang (EN-US) >> 1153 0 obj 4278 0 obj /K 494 3069 0 obj /Pg 25 0 R /Pg 23 0 R /K 1420 /S /Artifact endobj 1867 0 obj /Lang (EN-US) /P 6549 0 R << endobj /Pg 25 0 R /K 599 /K 1499 endobj 3025 0 obj >> /S /Artifact endobj /S /P endobj /S /P endobj << /Lang (EN-US) 351 0 obj /S /P << >> 603 0 obj 1998 0 obj endobj << /Pg 24 0 R /S /Artifact endobj 4030 0 obj /S /P 2160 0 obj /K 424 /S /Artifact << << endobj >> 2218 0 obj << /Pg 22 0 R /K 1155 endobj /K 499 /Author (Bloomberg) 2826 0 obj endobj endobj << << << null null 681 0 R null 682 0 R null 683 0 R null 684 0 R null >> /Lang (EN-US) /K 411 /Pg 25 0 R /S /Artifact /K 656 /S /P 1756 0 obj endobj /K 98 >> 3140 0 obj << /Pg 25 0 R 2306 0 obj /Pg 22 0 R << /K 934 /Pg 25 0 R 191 0 obj /K 851 endobj << /K 1142 endobj << /S /Artifact /P 5772 0 R null null null 2011 0 R null null null 2012 0 R null 2013 0 R /K 1314 /S /P endobj >> 3494 0 obj << /K 439 endobj << /K 194 /S /Artifact /K 277 /P 5188 0 R /Pg 24 0 R endobj endobj endobj /K 840 4163 0 obj 1809 0 obj << /Lang (EN-US) /S /P /S /P 4054 0 obj /Pg 13 0 R /S /P endobj /Lang (EN-US) 2258 0 obj /Pg 23 0 R /S /P endobj /P 5193 0 R /Lang (EN-US) /K 1204 /P 4858 0 R 2788 0 obj Direct Lending Download View Private Debt Research 2815 0 R null 2816 0 R null 2817 0 R null 2818 0 R null 2819 0 R null 543 0 obj >> /K 132 /S /P << << /Pg 25 0 R endobj >> >> << /P 5863 0 R 3268 0 obj /Lang (EN-US) >> /S /P << << << /P 5588 0 R >> << << /K 1255 << /P 5551 0 R /S /P /P 6717 0 R /Lang (EN-US) 4066 0 obj endobj /S /Artifact /K 1244 /S /Artifact /S /Artifact /S /P (CsYUtV 2YPE~c"31w+DVMa\wrU? eeKl'60\ >> /K 1443 << endobj >> /S /P /S /Artifact << << /S /P /K 823 >> endobj /K 1346 /P 4805 0 R /K 1456 >> 2989 0 obj /S /Artifact << /Pg 24 0 R endobj /Pg 23 0 R /S /P endobj /Pg 24 0 R /S /Artifact >> 2744 0 obj /K 1534 /S /Artifact 3782 0 obj endobj << endobj /Pg 22 0 R /S /Artifact /S /P << >> << /Lang (EN-US) << endobj >> /K 1355 endobj /K 17 /S /Artifact null 3532 0 R null 3533 0 R null 3534 0 R null 3535 0 R 3536 0 R null /Pg 22 0 R endobj endobj >> /Lang (EN-US) << /Pg 25 0 R endobj /P 6757 0 R /K 453 3153 0 obj >> >> 1535 0 R 1536 0 R 1537 0 R 1538 0 R 1539 0 R 1540 0 R 1541 0 R 1542 0 R 1543 0 R 1544 0 R /Pg 22 0 R << >> endobj endobj /P 4941 0 R >> /Lang (EN-US) /S /P /S /Artifact endobj endobj << /Pg 19 0 R 3977 0 obj endobj >> endobj << /Lang (IT-IT) /P 5282 0 R /S /P /S /P 819 0 obj /K 19 There can be no assurance that historical trends will continue during the life of any fund. /K 72 endobj /S /Artifact /Lang (EN-US) << /Pg 25 0 R /K 603 /P 5265 0 R /S /Artifact /K 460 >> /P 6270 0 R 2696 0 obj 400 0 obj /K 1465 << 3987 0 obj 519 0 obj /Pg 22 0 R /K 108 << /K 1029 /P 5979 0 R /Pg 25 0 R /K 1058 << /Pg 24 0 R >> >> 1415 0 R 1416 0 R 1417 0 R 1418 0 R 1419 0 R 1420 0 R 1421 0 R 1422 0 R 1423 0 R 1424 0 R /CropBox [0 0 612 792] << endobj /S /P >> << /K 1362 >> /S /P /K 1049 1945 0 obj 4267 0 obj /Pg 23 0 R /K 774 /K 855 >> 3873 0 obj 1390 0 obj /K 1422 >> /S /P /Pg 23 0 R /S /P endobj endobj /Pg 22 0 R << /P 5714 0 R >> 138 0 obj 2186 0 R 2187 0 R 2188 0 R 2189 0 R 2190 0 R 2191 0 R 2192 0 R 2193 0 R 2194 0 R 2195 0 R endobj 2706 0 obj /P 5433 0 R /S /P << /Lang (EN-US) /Pg 24 0 R /Lang (EN-US) >> 3315 0 obj /P 4713 0 R /Pg 25 0 R /P 6317 0 R 3791 0 obj endobj /P 6022 0 R endobj /P 10 0 R endobj >> >> << /Lang (EN-US) /Pg 22 0 R >> /Pg 22 0 R /S /P >> /Lang (EN-US) >> /K 78 endobj 3058 0 obj /K 101 << /Lang (EN-US) 620 0 obj endobj >> /Pg 25 0 R /Pg 23 0 R 1525 0 R 1526 0 R 1527 0 R 1528 0 R 1529 0 R 1530 0 R 1531 0 R 1532 0 R 1533 0 R 1534 0 R /S /P /S /Artifact endobj << /Pg 25 0 R >> endobj << /P 4792 0 R << 3631 0 obj >> /Pg 25 0 R << >> /P 6390 0 R /K 1360 endobj /P 4692 0 R /P 5947 0 R endobj /P 10 0 R /P 4648 0 R endobj endobj >> >> /S /Artifact /S /P 2867 0 obj /K 239 /K 591 /K 58 3771 0 obj endobj << /Pg 23 0 R << << endobj >> << /Pg 19 0 R /Lang (EN-US) << endobj /P 5550 0 R >> endobj /Pg 24 0 R 2741 0 obj 2190 0 obj endobj /S /P endobj 2972 0 obj null 2501 0 R null 2502 0 R null null null 2503 0 R null null /Pg 24 0 R << >> /S /Artifact /Pg 24 0 R /Pg 25 0 R >> /Pg 25 0 R << 3220 0 obj /Pg 23 0 R /Lang (EN-US) stream /Pg 23 0 R /S /P /Lang (EN-US) << 567 0 obj endobj Why Private Credit? - Stellus Capital Management, LLC >> /S /Artifact /K 1333 /P 6508 0 R /Pg 23 0 R /S /Artifact /P 5487 0 R /Pg 18 0 R /Pg 18 0 R /S /Artifact 954 0 obj /K 585 << /Pg 25 0 R >> << endobj 2924 0 obj /Lang (EN-US) << /Pg 24 0 R /S /P /P 5392 0 R /K 614 /Lang (EN-US) /P 4834 0 R /Pg 25 0 R << /Lang (EN-US) endobj 3646 0 obj /Pg 23 0 R /Pg 25 0 R endobj endobj << endobj endobj /Pg 25 0 R 1183 0 obj Adam Nyhan LinkedIn: Corporate Transparency Act Imposes New Federal null 3600 0 R null null null 3601 0 R null null null 3602 0 R 4037 0 R 4038 0 R 4039 0 R 4040 0 R 4041 0 R 4042 0 R 4043 0 R 4044 0 R 4045 0 R 4046 0 R << /Pg 23 0 R << 781 0 obj /K 1130 (12-month) Source: Morningstar, Cliffwater Direct Lending Index, Morningstar LSTA US Leveraged Loan Index. /S /Artifact /Lang (EN-US) >> /K 441 null 2735 0 R null 2736 0 R null null null 2737 0 R null 2738 0 R /P 6484 0 R 4256 0 obj /K 1221 >> /Pg 25 0 R << /S /P /K 634 /K 422 >> /Pg 25 0 R /S /Artifact /Border [0 0 0] /P 5122 0 R << >> /K 755 /Lang (EN-US) << >> endobj /Pg 23 0 R /P 5572 0 R endobj /S /Artifact << /K 1059 /S /P << >> >> /Pg 23 0 R /K 902 endobj 4314 0 obj << endobj /S /Artifact /S /P endobj 3870 0 obj << 2738 0 obj >> /S /Artifact << endobj << /K 909 /K 1481 /S /P >> /Lang (EN-US) << << endobj endobj /Lang (EN-US) << /Pg 14 0 R /Lang (EN-US) >> endobj 2023 0 R null null null 2024 0 R null 2025 0 R null 2026 0 R null endobj endobj endobj /K 67 << 1720 0 obj /Lang (EN-US) /K 78 /Lang (EN-US) /S /Artifact >> << 835 0 obj << << /P 6026 0 R /Lang (EN-US) /P 6746 0 R endobj /K 60 /Pg 24 0 R /S /P >> /K 1470 /K 638 429 0 obj << << /P 5101 0 R /Lang (EN-US) /Pg 25 0 R /S /P /S /Artifact endobj << 2453 0 R 2454 0 R 2455 0 R 2456 0 R 2457 0 R 2458 0 R 2459 0 R 2460 0 R 2461 0 R 2462 0 R /Lang (EN-US) /Lang (EN-US) /Rotate 0 /K 1540 /Pg 22 0 R /K 1261 /S /Artifact << /Pg 23 0 R >> endobj /Pg 24 0 R >> /Pg 22 0 R /K 1504 /Lang (EN-US) endobj endobj /Pg 22 0 R endobj /Pg 22 0 R << << << << 2509 0 obj endobj /K 1494 /K 1423 /Pg 15 0 R /P 6671 0 R /K 985 endobj endobj endobj 3423 0 obj /Pg 22 0 R /Pg 23 0 R endobj >> endobj endobj 2616 0 obj /Lang (EN-US) 1891 0 obj >> >> >> << >> << /Lang (EN-US) 111 0 obj >> /K 354 /Lang (EN-US) /S /P << 457 0 R null 458 0 R 459 0 R 460 0 R null 461 0 R null 462 0 R null /Pg 25 0 R endobj /K 361 227 0 obj /Pg 22 0 R endobj /S /Artifact /K 1386 /Pg 25 0 R >> 1128 0 R 1129 0 R 1130 0 R 1131 0 R 1132 0 R 1133 0 R 1134 0 R 1135 0 R 1136 0 R 1137 0 R null null null 3786 0 R null null null 3787 0 R null 3788 0 R 406 0 obj << << >> /K 58 2598 0 obj /S /P /Pg 22 0 R endobj >> /Lang (EN-US) endobj /Lang (EN-US) >> /Pg 24 0 R /K 1177 /K 1342 /Pg 13 0 R 3299 0 obj /S /Artifact endobj endobj >> endobj /K [1111 1112] << endobj >> /Lang (EN-US) /S /P >> >> << /P 5569 0 R /Lang (EN-US) endobj /S /P /Pg 20 0 R 3224 0 R 3225 0 R 3226 0 R 3227 0 R 3228 0 R 3229 0 R 3230 0 R 3231 0 R 3232 0 R 3233 0 R >> /Pg 25 0 R << << /P 33 0 R null 1992 0 R null 1993 0 R 1994 0 R null 1995 0 R null 1996 0 R null 3968 0 obj endobj /Pg 22 0 R /Lang (EN-US) /Lang (EN-US) endobj /Pg 24 0 R >> /S /P /Lang (EN-US) >> << 3723 0 R null 3724 0 R null 3725 0 R null null null 3726 0 R null /K 1102 /Pg 19 0 R /S /Artifact endobj /S /P >> /S /Artifact /Lang (EN-US) /Lang (EN-US) /Pg 22 0 R Index data stretches back to September of 2004. /K 1398 /P 5991 0 R 223 0 obj /K 135 /K 1453 null 1027 0 R 1028 0 R null 1029 0 R null 1030 0 R null 1031 0 R null << /K 1210 /S /P << /Pg 23 0 R /Pg 24 0 R 968 0 obj /Pg 25 0 R 874 0 obj /S /Artifact /K 1396 >> 2564 0 obj /S /Artifact 2010 0 obj >> endobj >> 1765 0 obj << >> << /Lang (EN-US) << /Pg 25 0 R /P 5573 0 R 2303 0 obj /P 6611 0 R >> << /S /P /P 4913 0 R /S /Artifact /K 1303 624 0 obj >> endobj /Pg 22 0 R endobj endobj << /S /Artifact /P 5082 0 R /S /P << endobj << endobj /S /Artifact 1415 0 obj << >> >> /K [212 213 214] /P 10 0 R endobj /K [1117 1118] 938 0 obj >> >> << >> << >> >> 897 0 obj >> endobj >> /Rect [449.6000061035 546.3229980469 451.7309875488 554.9949951172] /K 651 /P 5312 0 R /Lang (EN-US) /Pg 24 0 R << << /Lang (EN-US) 2473 0 obj 1327 0 R 1328 0 R 1329 0 R 1330 0 R 1331 0 R 1331 0 R 1332 0 R 1333 0 R 1334 0 R 1335 0 R /P 6049 0 R /Lang (EN-US) /S /Artifact >> >> /Pg 25 0 R /Lang (EN-US) 3995 0 obj /S /Artifact << endobj 482 0 R null 483 0 R 484 0 R 485 0 R null 486 0 R null 487 0 R 488 0 R /K 322 endobj /K 836 >> endobj << /K 1208 /K 1211 /P 6121 0 R /S /Artifact /Lang (EN-US) 375 0 obj /Pg 22 0 R /S /P endobj >> /S /Artifact /K 356 /Pg 19 0 R 1554 0 obj << << 2440 0 obj /S /Artifact /Pg 22 0 R 612 0 obj 1605 0 obj >> /S /Artifact /Lang (EN-US) /Pg 22 0 R endobj << /Pg 18 0 R 3644 0 obj >> >> /S /Artifact /S /Artifact >> endobj /Pg 23 0 R >> /S /Artifact /S /Artifact /Pg 18 0 R null null null 3506 0 R null 3507 0 R null 3508 0 R null 3509 0 R << /Type /Page >> /Pg 25 0 R /Lang (EN-US) /K 57 /K 142 endobj /S /P >> 113 0 obj << /Lang (EN-US) 2926 0 obj /K 799 644 0 obj << /S /P /K 1275 /K 1272 << << >> endobj 2007 0 obj endobj /K 273 /S /P 3795 0 obj /S /P >> /Pg 22 0 R << /Pg 25 0 R /Lang (EN-US) endobj /P 6378 0 R endobj /Lang (EN-US) /S /P /Pg 18 0 R endobj /S /Artifact /P 6015 0 R /P 38 0 R /Pg 24 0 R << /K [1340 1341] endobj endobj 111 0 R 107 0 R 107 0 R 107 0 R 107 0 R 107 0 R 133 0 R 133 0 R 133 0 R 133 0 R /K 325 /K 15 endobj /K 1396 << 2302 0 obj << endobj >> 67 0 R 67 0 R 67 0 R 67 0 R 71 0 R 71 0 R 78 0 R 78 0 R 78 0 R 78 0 R 3506 0 obj /S /P /K 1364 endobj /Pg 24 0 R >> /P 6110 0 R << >> 78 0 R] << << /K 1359 /S /P /K 1033 >> << << endobj << 3943 0 obj << /K 653 It is often said policy takes around 6-12 months to take effect. /P 5195 0 R /S /P /P 4714 0 R 2477 0 obj << /Pg 22 0 R << 1107 0 obj /K 1190 >> << /P 6610 0 R << /S /Artifact >> << endobj /K 876 /S /Artifact /P 4979 0 R 1561 0 obj /Pg 24 0 R >> 2834 0 obj /P 5894 0 R /Lang (EN-US) /Lang (EN-US) /S /P /Pg 21 0 R /S /P /Pg 22 0 R 501 0 R null 502 0 R null 503 0 R 504 0 R 505 0 R null 506 0 R null 2316 0 obj << endobj /P 6627 0 R /Pg 24 0 R /S /Artifact /K 1272 /Lang (EN-US) /S /P /Lang (EN-US) endobj >> 4099 0 obj << /Lang (EN-US) /Pg 23 0 R >> >> /K 716 >> /K 49 endobj /K 1391 /K [49 50 51 52 53] 2356 0 obj >> >> /S /P 2210 0 obj /K 483 >> 1983 0 obj /Pg 25 0 R /S /Artifact /S /P >> /Lang (EN-US) 3175 0 obj endobj 1417 0 obj endobj /S /Artifact endobj /K 1164 endobj << endobj /S /P /K 801 >> /Lang (EN-US) endobj endobj << /Pg 25 0 R >> /S /P /S /P /Pg 25 0 R /P 4989 0 R /S /P /Pg 22 0 R endobj /Pg 24 0 R >> /Lang (EN-US) << /K 1533 /S /P >> /S /Artifact >> /Pg 22 0 R /S /P /Pg 19 0 R /S /P /K 1283 >> /S /P << /Lang (EN-US) >> /Pg 24 0 R << /S /Artifact /Lang (EN-US) 3882 0 obj << >> /Underline /Span /Pg 24 0 R << /Pg 23 0 R 685 0 obj endobj /Pg 23 0 R /Lang (EN-US) /Pg 13 0 R endobj /Pg 25 0 R 2247 0 obj /Pg 25 0 R /Pg 23 0 R endobj 3141 0 obj 1083 0 obj /S /Artifact 2461 0 obj /Subtype /XML /T () endobj >> >> << 2297 0 obj /S /P << /K 103 2723 0 obj >> /Pg 24 0 R /K 1547 endobj endobj endobj endobj << /P 5222 0 R >> endobj /Pg 23 0 R /Pg 23 0 R >> /S /P /P 6324 0 R << /P 6645 0 R /K 875 endobj endobj /S /P << /K 826 << /K 536 2857 0 obj /K 1220 /Pg 25 0 R /Pg 25 0 R 2065 0 obj 1959 0 obj endobj /Pg 22 0 R >> /K 190 /P 5427 0 R /Pg 22 0 R null 694 0 R null 695 0 R null 696 0 R null 697 0 R null 698 0 R /S /Artifact << endobj /P 6093 0 R /S /P 3486 0 obj endobj 1463 0 obj >> << /K 1239 2679 0 obj 3447 0 obj 3144 0 obj /Lang (EN-US) >> /P 4755 0 R << 1438 0 obj /P 4754 0 R /Pg 24 0 R endobj /Lang (EN-US) /Pg 24 0 R 1278 0 obj /S /Artifact /Pg 25 0 R 3925 0 obj >> /Lang (EN-US) 1753 0 obj endobj endobj /P 5133 0 R endobj << endobj /S /Artifact >> /Pg 25 0 R /S /P >> /Lang (EN-US) /K 1279 endobj << /Pg 22 0 R /S /P << /Pg 23 0 R /S /P 522 0 obj /Pg 23 0 R endobj endobj >> /K 674 >> /Lang (EN-US) null 1735 0 R null 1736 0 R 1737 0 R null 1738 0 R null 1739 0 R null << endobj 792 0 obj /Pg 23 0 R endobj /S /Artifact /S /P >> /P 5171 0 R endobj endobj /P 5191 0 R /K 689 >> /S /Artifact /K 1332 3875 0 obj >> endobj endobj /K 108 endobj /Pg 25 0 R /Pg 22 0 R /K 551 /Lang (EN-US) << /K 197 /Pg 23 0 R /S /Artifact >> 3864 0 obj /Pg 21 0 R /K 965 endobj /P 5382 0 R 45 0 R null 386 0 R null 387 0 R null 388 0 R null null 389 0 R endobj >> endobj 3147 0 R 3148 0 R 3149 0 R 3150 0 R 3151 0 R 3152 0 R 3153 0 R 3154 0 R 3155 0 R 3156 0 R << endobj /P 4657 0 R endobj << endobj 1689 0 obj /S /P >> /K 1359 endobj /StructParents 13 >> endobj << /K 1504 /Pg 24 0 R /S /Artifact /K 1476 1816 0 obj /K 1238 endobj /S /Artifact << 1261 0 obj /S /Artifact >> /Pg 19 0 R 2771 0 R null null null 2772 0 R null null null 2773 0 R null /P 4912 0 R /K 574 >> >> /K 30 /Pg 18 0 R /K 1311 >> 135 0 obj endobj /Pg 25 0 R /S /P >> >> << 3656 0 obj /Lang (EN-US) /K 846 endobj endobj Private Credit vs. Other Private Capital Asset Classes >> << /S /P /Pg 24 0 R << /K 1424 << << 3335 0 obj /Lang (EN-US) >> /S /Artifact /Lang (EN-US) /Pg 25 0 R /K 657 /P 5488 0 R >> 3195 0 obj endobj /K 425 endobj /Lang (EN-US) /P 5067 0 R 2786 0 obj endobj 3302 0 obj << /Pg 25 0 R /Lang (EN-US)
List Of Hotels Housing Asylum Seekers In Scotland, Articles C