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Cliffwater LLC

● SEC registered since 2004CRD 132167SEC# 801-63344Marina del Rey, CA
Export (members)
Ranks #295 of 6,004 private fund managers by regulatory AUM.
Reg. AUM
$48.51B
Fund GAV
$460M
Private funds
4
Employees
213
Accounts
25
Location
Marina del Rey, CA

Cliffwater LLC assets under management

Cliffwater LLC is a registered investment adviser overseen by the SEC based in Marina del Rey, CA. The firm has been registered since 2004. It reports $48.5 billion in regulatory assets under management and employs 213 people. Cliffwater LLC manages 4 private funds with combined gross assets of $460 million, including Cliffwater Corporate Lending Fund (offshore), Ltd. By regulatory assets, it ranks 295 of 6,004 private fund managers.

Cliffwater LLC private funds

4 funds · $460M GAV
FundTypeGross assetsMin.
Cliffwater Corporate Lending Fund (offshore), Ltd.Other Private$230.6M$10M
Frontier Feeder L.P.Other Private$150M$10K
Cascade Private Capital Fund (offshore), Ltd.Other Private$46.3M$25M
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Cliffwater LLC owners & executives

17 reported
NameTitleOwnershipSince
Cw Intermediate LLC ControlMemberOver 75%2023
Jonathan Adam Rogal ControlSenior Managing Director / General CounselUnder 5%2014
Laurence Germaine Ayala HaddadChief Financial OfficerUnder 5%2024
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Frequently asked questions

How much does Cliffwater LLC manage?

Cliffwater LLC reports $48.5 billion in regulatory assets under management on its Form ADV.

How many private funds does Cliffwater LLC manage?

Cliffwater LLC manages 4 private funds with combined gross assets of $460 million.

How many employees does Cliffwater LLC have?

Cliffwater LLC reports 213 employees.

Where is Cliffwater LLC located?

Cliffwater LLC is based in Marina del Rey, CA and has been SEC-registered since 2004.

Does Cliffwater LLC disclose fund performance?

Cliffwater LLC is not required to publicly disclose fund returns. Form ADV filings include assets, ownership, and service providers, shown above.

Contact & registration

Address4640 Admiralty Way, 11th Floor, Marina del Rey, CA 90292-6623
Phone310-448-5000
Office hours8:00 a.m. To 5:00 p.m. (Pt)
SEC regionLos Angeles Regional Office (LARO)
CIK1659851
Discloses disciplinary historyNo

Regulatory AUM

$48.51B▲ 38%
Mar '25 — $35.09BApr '25 — $35.09BMay '25 — $35.09BJun '25 — $35.09BJul '25 — $35.09BAug '25 — $35.09BSep '25 — $35.09BOct '25 — $35.09BNov '25 — $35.09BDec '25 — $35.09BJan '26 — $35.09BFeb '26 — $35.09BMar '26 — $48.51BApr '26 — $48.51BMay '26 — $48.51BJun '26 — $48.51B
Mar '25Form ADV, monthlyJun '26

How this firm compares

Regulatory AUMTop 3%
Larger than 97% of 16,271 advisers
AUM vs fund managersTop 5%
Larger than 95% of 6,004 private-fund managers
Number of fundsTop 46%
More funds than 54% of fund managers
EmployeesTop 4%
More than 96% of 16,825 advisers

Assets under management

$48.51Bregulatory AUM
Discretionary $48.51B

Service providers