Cliffwater
Cliffwater is a direct lender on Termgrid, founded in 2004. It is active in United States.
Lender profiles are only available to Sponsors on Termgrid.
About Cliffwater
Cliffwater is a direct lender founded in 2004, active in United States. The firm deploys arr loans, co-invest and preferred equity with sector activity in Business Services, Chemicals and Consumer Goods.
Cliffwater finances 15 sectors, indicating broad sector coverage, is geographically focused on United States rather than running a multi-region strategy and has 5 verified press mentions from tracked finance publishers in the last 12 months.
Compared to other direct lenders active in United States profiled on Termgrid, Cliffwater is one of 213 firms in this segment, with a published ticket band of $25M – $200M.
Investment Criteria
Sector Focus
Products
Relationship Management
Termgrid's platform allows sponsors to track activity across their deals and portfolio with Cliffwater automatically. Subscribers can see their live relationship trackers.
Deal Execution
Termgrid subscribers execute and manage their transactions with Cliffwater end to end, from NDA through negotiation to signing.
Precedents
Termgrid automatically builds a precedent database across your transactions with Cliffwater, so your team gets to insights faster.
Why Termgrid
Termgrid is the end-to-end platform for private capital markets. It is used to run deals, manage portfolios and track relationships across the capital markets ecosystem.
In the News
- Cliffwater Caps Private Credit Fund Again After 16% Look to Exit - Bloomberg.com
- Watch Cliffwater, Blackstone Private Credit Funds Cap Redemptions - Bloomberg.com
- Private Credit Shows Resilience in Cliffwater Direct Lending Index Data - PR Newswire
- Cliffwater Appoints Sam Walsh as Managing Director on Cascade Real Assets Fund Team - PR Newswire
- Cliffwater Appoints Ryan Madani as Managing Director on Cascade Real Assets Fund Team - PR Newswire
External Coverage
Frequently Asked Questions
What strategy does Cliffwater run?
Cliffwater runs a single direct lending strategy on Termgrid. Its criteria, ticket sizes and sector preferences are documented in the Investment Criteria section above. Single-strategy firms typically concentrate deployment within a defined mandate rather than spreading capital across multiple fund vehicles.
Which debt instruments does Cliffwater provide?
Cliffwater deploys ARR Loans, Co-invest, Preferred Equity, and Unitranche / Senior Debt Direct Lending across its strategy. These instruments are used in sponsor-backed transactions and direct corporate financings where Cliffwater participates as a lender, with the breadth (4 distinct products) suggesting flexibility on capital structure. Specific tranching, pricing and structuring are negotiated per transaction; the standard band sits in the Investment Criteria section.
Where does Cliffwater lend?
Cliffwater is active in United States. The firm concentrates its lending activity on United States. Regional focus reflects current deployment patterns recorded by Termgrid; firms periodically extend their mandate, so check the platform for the most current view.
Which sectors does Cliffwater finance?
Cliffwater has shown lending activity in Business Services, Chemicals, Consumer Goods, Education, Energy, Financial Services, Healthcare, Hospitality & Leisure, Industrials, Infrastructure, Natural Resources, Retail, Software, Technology (ex Software), Utilities, indicating broad sector coverage rather than a vertical-specialist mandate. Sector appetite can shift fund to fund and from year to year, so it is worth confirming current appetite with the deal team before running a process. Cliffwater's recent deal activity is referenced in the news section above.
When was Cliffwater founded?
Cliffwater was founded in 2004, giving the firm 22 years of track record and currently has around 220 investment professionals. Firms with longer track records typically have multiple fund vintages and deeper precedent libraries; newer firms can be more flexible on terms but offer less historical performance data.
How do I connect with Cliffwater?
Termgrid subscribers can route opportunities to Cliffwater directly via the platform's deal execution workflow. The platform manages introductions, NDA exchange, materials sharing and term-sheet collaboration end-to-end. If you are not a Termgrid subscriber, request a demo to see the routing options and what the workflow looks like for Cliffwater specifically.
See Cliffwater on Termgrid
Join the private credit professionals using Termgrid to source, execute and manage deals.