- What does CELFX invest in?
- Non-diversified, closed-end interval fund launched July 1, 2021. Seeks high current income and modest capital appreciation with secondary capital preservation objective. Invests at least 80% of assets in business lending across private credit strategies including direct lending, specialty finance, asset-based lending, venture debt, and other lower-correlation credit strategies. Diversified across numerous sub-strategies. Targets accredited, high-net-worth, and institutional investors. Offers quarterly liquidity via share repurchases at NAV.
- What is the expense ratio of CELFX?
- An expense ratio for Cliffwater Enhanced Lending Fund (CELFX) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.
- How big is CELFX?
- Cliffwater Enhanced Lending Fund (CELFX) manages $5.13B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is CELFX actively managed or an index fund?
- CELFX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was CELFX launched?
- Cliffwater Enhanced Lending Fund (CELFX) launched in June 2021 and is managed by the fund issuer.
- How has CELFX performed?
- CELFX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
