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endobj /K 406 /P 193 0 R 1514 0 obj << 1122 0 obj endobj 1585 0 obj /S /Artifact >> /Lang (EN-US) 2517 0 R null 2518 0 R null 2519 0 R null 2520 0 R null 2521 0 R 2522 0 R << /Lang (EN-US) /Lang (EN-US) >> /S /P /K 33 endobj endobj /Pg 25 0 R /P 10 0 R /Lang (EN-US) 1236 0 obj 1242 0 obj /Pg 25 0 R /P 10 0 R /K 825 /StructTreeRoot 5 0 R endobj /S /P 2491 0 obj >> /K 1063 /K 1352 3376 0 obj endobj >> /K 493 /K 1344 /Lang (EN-US) endobj >> /P 5621 0 R 2825 0 obj endobj /S /P /Lang (EN-US) << /Rotate 0 /Pg 24 0 R endobj >> /S /P << /Lang (EN-US) 157 0 R 158 0 R 159 0 R 160 0 R 161 0 R 162 0 R 163 0 R 164 0 R 165 0 R 166 0 R /K 1154 3315 0 obj << 4312 0 obj /Pg 21 0 R << /S /P endobj 4556 0 R 4557 0 R 4558 0 R 4559 0 R 4560 0 R 4561 0 R 4562 0 R 4563 0 R 4564 0 R 4565 0 R /S /P /K 1269 /K 1261 /P 5265 0 R << /S /Artifact /Lang (EN-US) >> /Pg 25 0 R /Lang (EN-US) << endobj /K 476 /Pg 23 0 R << /P 33 0 R /Pg 22 0 R /S /P 1866 0 obj /K 1493 >> << << 3108 0 obj /Pg 22 0 R /S /P null null null 2953 0 R null 2954 0 R null 2955 0 R null 2956 0 R /K 1332 /K [4435 0 R 4436 0 R 4437 0 R 4438 0 R] /K 1516 /K 1547 << /Pg 18 0 R /K 1361 >> /S /P endobj 4293 0 obj /Lang (EN-US) /K 1406 /Pg 19 0 R /P 6536 0 R /Lang (EN-US) /S /Artifact /Pg 23 0 R 1077 0 obj /K 29 /P 4963 0 R endobj /S /P /S /P /Pg 24 0 R >> << /S /P /S /P /S /Artifact endobj /K 395 endobj /K 260 >> /K 432 /S /Artifact /S /Artifact endobj /K 1450 /P 5931 0 R endobj << /Lang (EN-US) << /P 4657 0 R << >> << << >> /K 271 /P 6486 0 R /Pg 25 0 R 1439 0 obj /S /P endobj /S /P /Pg 23 0 R /K 790 /Pg 24 0 R /P 5063 0 R endobj << /P 6726 0 R endobj << 2573 0 obj >> endobj 3786 0 obj 3209 0 obj /K 117 << endobj /K 364 /S /P 1216 0 obj /K 289 /Pg 24 0 R /Pg 25 0 R /K 1351 >> /K 76 275 0 obj >> >> /P 6341 0 R 2093 0 obj /K 921 /S /Artifact /P 5963 0 R 1553 0 obj 3537 0 obj << /S /P >> << /Lang (EN-US) endobj /P 10 0 R >> endobj /Lang (EN-US) Seeking income throughout the cycle with direct lending. >> /K 37 2752 0 obj /K 1130 /Pg 24 0 R /Lang (EN-US) /Pg 22 0 R /S /Artifact /P 5984 0 R /P 6104 0 R << /S /P /Pg 22 0 R /Pg 24 0 R 10 0 obj >> /K 1019 /K 50 /P 4846 0 R >> << endobj /K 547 /Lang (EN-US) /P 4795 0 R 1506 0 obj >> /K 1209 1406 0 obj endobj /K 75 << /Lang (EN-US) /S /P << /Pg 25 0 R /Lang (EN-US) << >> /S /Artifact /S /P /Pg 24 0 R >> /S /P /Lang (EN-US) endobj null 1019 0 R null 1020 0 R null null null 1021 0 R null null << >> /S /P /S /P 776 0 obj endobj endobj null 3581 0 R null 3582 0 R null 3583 0 R 3584 0 R null 3585 0 R null << /S /P >> >> >> 677 0 R null 678 0 R null 679 0 R null null null 680 0 R null >> /Lang (EN-US) /K 1269 /Pg 25 0 R /Lang (EN-US) /Lang (EN-US) << /K 1020 /Lang (EN-US) 4224 0 obj /K 1292 /Lang (EN-US) endobj /S /P /P 5490 0 R /S /Artifact /S /Artifact /S /Artifact /K 853 << >> /Lang (EN-US) /P 5350 0 R /S /P << /K 1098 /K 911 /P 6102 0 R >> >> endobj /K 110 << /Pg 24 0 R This book dissects direct loans as a class, providing the critical background 385397403217. endobj /Pg 23 0 R /Pg 22 0 R /Lang (EN-US) /Pg 24 0 R /S /P << /Pg 24 0 R << >> /Pg 25 0 R >> /Pg 25 0 R >> 526 0 obj /Lang (EN-US) /Pg 23 0 R << /Pg 24 0 R /S /P /P 6112 0 R /Pg 22 0 R /K [68 4676 0 R] << /Pg 23 0 R << endobj /S /P /Pg 25 0 R << /Pg 24 0 R >> /P 5882 0 R /Contents 4355 0 R 2452 0 obj /Pg 22 0 R /P 5339 0 R >> << 3462 0 obj endobj /S /Artifact /S /P << << >> /K 1186 /Pg 25 0 R /S /P >> << /K 111 /Pg 22 0 R 2510 0 obj /S /P >> /S /Artifact /Pg 24 0 R /S /P << >> /K 1445 /S /Artifact /Pg 25 0 R /Lang (EN-US) 1329 0 obj /K 1453 endobj 113 0 obj << /K 1199 /Pg 22 0 R 725 0 obj >> << 1410 0 obj null null null 1891 0 R null null null 1892 0 R null 1893 0 R endobj >> 1383 0 obj /K 1310 endobj /Pg 23 0 R /S /P /S /Artifact /P 6678 0 R /Lang (EN-US) 2935 0 R null 2936 0 R null 2937 0 R null 2938 0 R null 2939 0 R null << /Pg 24 0 R << << /S /Artifact endobj /Pg 24 0 R /K 199 /Lang (EN-US) endobj << << >> /S /P /K 365 /P 5730 0 R /P 5929 0 R 3211 0 obj /Pg 23 0 R /S /Artifact /Pg 18 0 R /Pg 23 0 R /P 4771 0 R /Lang (EN-US) /Pg 22 0 R >> /P 5031 0 R /K 1044 endobj /Pg 25 0 R 2517 0 obj << << /P 6743 0 R /Lang (EN-US) 3192 0 obj 1237 0 obj /S /P endobj /S /P Cliffwater Direct Lending Index Our performance analysis relies on the Cliffwater Di-rect Lending Index ("CDLI"), an asset-weighted in-dex of over 6,000 directly originated middle market loans totaling $99 billion in assets. /Lang (EN-US) endobj 3005 0 obj /S /Artifact /Lang (EN-US) << << /S /P >> /Lang (EN-US) endobj /S /P /Pg 22 0 R endobj 4334 0 obj /P 5414 0 R /P 5595 0 R >> /Pg 14 0 R >> /Pg 25 0 R /K 1366 >> 1082 0 obj /S /Artifact >> >> /Pg 24 0 R /K 1319 endobj 297 0 R 297 0 R] 318 0 obj /S /P /Pg 24 0 R /S /Figure Suisse Leveraged Loan Index, Bloomberg Barclays Indices for US IG Credit. << /Pg 18 0 R 3254 0 R 3255 0 R 3256 0 R 3257 0 R 3258 0 R 3259 0 R 3260 0 R 3261 0 R 3262 0 R 3263 0 R endobj endobj >> << /Pg 24 0 R /K 1339 /S /P endobj /S /Artifact << /Lang (EN-US) << /S /P /K 1536 /Lang (EN-US) /K 586 endobj /K 1401 >> endobj /Lang (EN-US) /P 6174 0 R >> endobj endobj /Pg 25 0 R /K 857 /K 1502 /K 1236 326 0 obj /Pg 24 0 R /Pg 25 0 R endobj /Lang (EN-US) /Lang (EN-US) >> endobj /K 146 << /K 1214 /K 455 /K 1203 /Pg 22 0 R << /P 5217 0 R >> /P 5688 0 R endobj 149 0 obj /S /P >> /Pg 22 0 R /K 1548 /S /P /K 647 1953 0 obj 1112 0 obj << /S /Artifact << /Pg 23 0 R /Lang (EN-US) /K 506 /P 6225 0 R << endobj /K 992 /Pg 24 0 R 1074 0 obj << Here's today's brief for our valued subscribers only. endobj >> /P 5480 0 R 3264 0 R 3265 0 R 3266 0 R 3267 0 R 3268 0 R 3269 0 R 3270 0 R 3271 0 R 3272 0 R 3273 0 R /K 932 << endobj >> /K 1035 /K 1452 /P 6754 0 R 3650 0 obj /Lang (EN-US) 2430 0 obj >> /Pg 24 0 R endobj /S /P /S /P /S /Artifact CDLI Quote - Cliffwater Direct Lending Index - Total Return - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Daybreak Asia Bloomberg Daybreak Asia. 3461 0 obj << /P 6204 0 R /Lang (EN-US) << endobj /Pg 22 0 R /Lang (EN-US) << /S /P /K 372 /K 981 << 1092 0 obj 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