CCLFX / Cliffwater Corporate Lending Fund - Cliffwater Corporate Lending Fund Class I - تصريحات هيئة الأوراق المالية والبورصات، التقرير السنوي، بيان الوكيل

Fair Value June 30, 2025

Cliffwater Corporate Lending Fund Consolidated Schedule of Investments As of June 30, 2025 (Unaudited) Portfolio Company Investment Type Interest Rate Reference Rate Basis Points Spread Maturity Date Currency Shares/Principal Amount Cost Fair Value Footnotes Senior Secured Loans — 80.

CLIFFWATER CORPORATE LENDING FUND Class I Shares CCLFX August 12, 2025

CLIFFWATER CORPORATE LENDING FUND PROSPECTUS Class I Shares CCLFX August 12, 2025 Cliffwater Corporate Lending Fund (the “Fund”) is a Delaware statutory trust registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”), as a closed-end management investment company.

FUND OF FUNDS INVESTMENT AGREEMENT

Exhibit (k)(30) Execution Version FUND OF FUNDS INVESTMENT AGREEMENT This AMENDED AND RESTATED FUND OF FUNDS INVESTMENT AGREEMENT (this “Agreement”), dated as of October 31, 2024, is between Cliffwater Corporate Lending Fund, a statutory trust organized under the laws of Delaware (the “Acquiring Fund”), and Stone Point Credit Income Fund, a Delaware statutory trust (the “Acquired Fund” and, together with the Acquiring Fund, the “Funds”).

As filed with the Securities and Exchange Commission on July 29, 2025

As filed with the Securities and Exchange Commission on July 29, 2025 Securities Act File No.

Faegre Drinker Biddle & Reath LLP

Exhibit (l)(5) Faegre Drinker Biddle & Reath LLP One Logan Square, Suite 2000 Philadelphia, Pennsylvania 19103 +1 215 988 2700 main +1 215 988 2757 fax July 29, 2025 Cliffwater Corporate Lending Fund c/o UMB Fund Services, Inc.

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Exhibit (n) CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We hereby consent to the incorporation by reference in this Registration Statement on Form N-2 of our report dated June 5, 2025, relating to the consolidated financial statements and financial highlights of Cliffwater Corporate Lending Fund, which are included in Form N-CSR for the year ended March 31, 2025, and to the references to our firm under the headings “Financial Highlights” and “Independent Registered Public Accounting Firm; Legal Counsel” in the Prospectus and “Independent Registered Public Accounting Firm; Legal Counsel” and “Financial Statements” in the Statement of Additional Information.

Cliffwater Corporate Lending Fund - EXHIBIT 99.1

Exhibit 99.1 EXHIBIT A AGREEMENT REGARDING JOINT FILING OF STATEMENT ON SCHEDULE 13G The undersigned agree to file jointly with the Securities and Exchange Commission (the “SEC”) any and all statements on Schedule 13D or Schedule 13G or Forms 3, 4 or 5 (and any amendments or supplements thereto) required under section 13(d) and 16(a) of the Securities Exchange Act of 1934, as amended, in connectio

AGREEMENT REGARDING JOINT FILING OF STATEMENT ON SCHEDULE 13G

EX-99.(A) 2 tm255757d1ex99a.htm EXHIBIT A EXHIBIT A AGREEMENT REGARDING JOINT FILING OF STATEMENT ON SCHEDULE 13G The undersigned agree to file jointly with the Securities and Exchange Commission (the “SEC”) any and all statements on Schedule 13D or Schedule 13G or Forms 3, 4 or 5 (and any amendments or supplements thereto) required under section 13(d) and 16(a) of the Securities Exchange Act of 1

CLIFFWATER CORPORATE LENDING FUND SUPPLEMENT DATED JANUARY 17, 2025 TO PROSPECTUS DATED JULY 26, 2024

Filed pursuant to Rule 424(b)(3) File No. 333-257965 CLIFFWATER CORPORATE LENDING FUND SUPPLEMENT DATED JANUARY 17, 2025 TO PROSPECTUS DATED JULY 26, 2024 Effective immediately, the section of the Prospectus entitled “FUND FEES AND EXPENSES” is deleted in its entirety and replaced with the following: FUND FEES AND EXPENSES The following tables describe the aggregate fees and expenses that the Fund

Fair Value June 30, 2024

Cliffwater Corporate Lending Fund Consolidated Schedule of Investments As of June 30, 2024 (Unaudited) Portfolio Company Investment Type Interest Rate Reference Rate Basis Points Spread Maturity Date Currency Shares/Principal Amount Cost Fair Value Footnotes Senior Secured Loans — 77.

Cliffwater Corporate Lending Fund - SC 13G/A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.

Cliffwater Corporate Lending Fund - SC 13G

SC 13G 1 tm2423896d1sc13g.htm SC 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. )* Stone Point Credit Corporation (Name of Issuer) Common Stock, par value $0.001 per share (Title of Class o

As filed with the Securities and Exchange Commission on July 26, 2024

As filed with the Securities and Exchange Commission on July 26, 2024 Securities Act File No.

FUND OF FUNDS INVESTMENT AGREEMENT

Exhibit (k)(22) Execution Version FUND OF FUNDS INVESTMENT AGREEMENT This FUND OF FUNDS INVESTMENT AGREEMENT (the “Agreement”), dated as of October 10, 2023, is between Cliffwater Corporate Lending Fund, a Delaware statutory trust (the “Acquiring Fund”), and 26North BDC, Inc.

FUND OF FUNDS INVESTMENT AGREEMENT

Exhibit (k)(24) Execution Version FUND OF FUNDS INVESTMENT AGREEMENT This FUND OF FUNDS INVESTMENT AGREEMENT (the “Agreement”), dated as of December 21, 2023, is between Cliffwater Corporate Lending Fund, a trust organized under the laws of Delaware (the “Acquiring Fund”), and Varagon Capital Corporation, a Maryland corporation (the “Acquired Fund” and, together with the Acquiring Fund, the “Funds”).

FUND OF FUNDS INVESTMENT AGREEMENT

Exhibit (k)(21) FUND OF FUNDS INVESTMENT AGREEMENT This FUND OF FUNDS INVESTMENT AGREEMENT (the “Agreement”), dated as of July 27, 2023, is between Cliffwater Corporate Lending Fund, a trust organized under the laws of Delaware (the “Acquiring Fund”), and Vista Credit Strategic Lending Corp.

Code of Ethics March 31, 2023

Exhibit (r)(2) Code of Ethics March 31, 2023 Cliffwater LLC (“Cliffwater”) is registered as an investment adviser with the Securities and Exchange Commission (the “SEC”) under the Investment Advisers Act of 1940, as amended (the “Advisers Act”).

FUND OF FUNDS INVESTMENT AGREEMENT

Exhibit (k)(28) FUND OF FUNDS INVESTMENT AGREEMENT This FUND OF FUNDS INVESTMENT AGREEMENT (the “Agreement”), dated as of March 27, 2024, is between Cliffwater Corporate Lending Fund, a trust organized under the laws of Delaware (the “Acquiring Fund”), and KKR FS Income Trust Select, a Delaware statutory trust (the “Acquired Fund” and, together with the Acquiring Fund, the “Funds”).

FUND OF FUNDS INVESTMENT AGREEMENT

Exhibit (k)(25) FUND OF FUNDS INVESTMENT AGREEMENT This FUND OF FUNDS INVESTMENT AGREEMENT (the “Agreement”), dated as of December 26, 2023, is between Cliffwater Corporate Lending Fund, a trust organized under the laws of Delaware (the “Acquiring Fund”), and Golub Capital Private Credit Fund, a trust organized under the laws of Delaware (the “Acquired Fund” and, together with the Acquiring Fund, the “Funds”).

July 26, 2024

Exhibit (l)(5) Faegre Drinker Biddle & Reath LLP One Logan Square, Suite 2000 Philadelphia, Pennsylvania 19103 +1 215 988 2700 main +1 215 988 2757 fax July 26, 2024 Cliffwater Corporate Lending Fund c/o UMB Fund Services, Inc.

FUND OF FUNDS INVESTMENT AGREEMENT

Exhibit (k)(23) FUND OF FUNDS INVESTMENT AGREEMENT This FUND OF FUNDS INVESTMENT AGREEMENT (the “Agreement”), effective as of September 30, 2023, is between Cliffwater Corporate Lending Fund, a trust organized under the laws of Delaware (the “Acquiring Fund”), and Carlyle Credit Solutions, Inc.

VOTING AND INVESTMENT AGREEMENT

Exhibit (k)(29) Execution Version VOTING AND INVESTMENT AGREEMENT This VOTING AND INVESTMENT AGREEMENT (the “Agreement”), dated as of July 24, 2023, is by and between Cliffwater Corporate Lending Fund, a statutory trust organized under the laws of Delaware (the “Acquiring Fund”), T.

FUND OF FUNDS INVESTMENT AGREEMENT

Exhibit (k)(27) FUND OF FUNDS INVESTMENT AGREEMENT This FUND OF FUNDS INVESTMENT AGREEMENT (the “Agreement”), dated as of January 23, 2024 is between Cliffwater Corporate Lending Fund, a Statutory Trust organized under the laws of Delaware (the “Acquiring Fund”), and Morgan Stanley Direct Lending Fund, a Corporation incorporated under the laws of Delaware (the “Acquired Fund” and, together with the Acquiring Fund, the “Funds”).

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Exhibit (n) CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We hereby consent to the incorporation by reference in this Registration Statement on Form N-2 of our report dated June 6, 2024, relating to the consolidated financial statements and financial highlights of Cliffwater Corporate Lending Fund for the year ended March 31, 2024, and to the references to our firm under the headings “Financial Highlights”, “Senior Securities” and “Independent Registered Public Accounting Firm; Legal Counsel” in the Prospectus and “Independent Registered Public Accounting Firm; Legal Counsel” and “Financial Statements” in the Statement of Additional Information.

AMENDED AND RESTATED FUND OF FUNDS INVESTMENT AGREEMENT

Exhibit (k)(26) Execution Version AMENDED AND RESTATED FUND OF FUNDS INVESTMENT AGREEMENT This AMENDED AND RESTATED FUND OF FUNDS INVESTMENT AGREEMENT (this “Agreement”), dated as of January 12, 2024, is between Cliffwater Corporate Lending Fund, a statutory trust organized under the laws of Delaware (the “Acquiring Fund”), and Stone Point Credit Corporation, a corporation incorporated under the laws of Delaware (the “Acquired Fund” and, together with the Acquiring Fund, the “Funds”).

Cliffwater Corporate Lending Fund - SC 13G

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.

Cliffwater Corporate Lending Fund - SC 13G/A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. 3)* Barings Capital Investment Corporation (Name of Issuer) Common Stock (Title of Class of Securities) N/A (CUSIP Number) December 31, 2023 (D

US06763A1016 / BARINGS PRIVATE CR-INV / Cliffwater Corporate Lending Fund - SC 13D/A Activist Investment

SC 13D/A 1 tm245897d2sc13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 4)* Barings Private Credit Corporation (Name of Issuer) Common Stock (Title of Class of Securities) 06763A 101 (CUSIP Number) Cliffwater Corporate Lending Fund c/o UMB Fund Services, Inc. Ann Maurer 235 West Galena St

Cliffwater Corporate Lending Fund - SC 13G/A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. 3)* New Mountain Guardian III BDC L.L.C. (Name of Issuer) Units of Limited Liability Company Interests (Title of Class of Securities) N/A (CUSI

Cliffwater Corporate Lending Fund - SC 13G/A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.

Cliffwater Corporate Lending Fund - SC 13G

SC 13G 1 tm245578d2sc13g.htm SC 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. )* Golub Capital Private Credit Fund (Name of Issuer) Common Shares, par value $0.01 per share (Title of Cl

Cliffwater Corporate Lending Fund - SC 13G/A

SC 13G/A 1 tm245578d4sc13ga.htm SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. 3)* Barings Capital Investment Corporation (Name of Issuer) Common Stock (Title of Class of Securities

Cliffwater Corporate Lending Fund - SC 13G/A

SC 13G/A 1 tm245578d1sc13ga.htm SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. 1)* 26North BDC, Inc. (Name of Issuer) Shares of Common Stock, par value $0.001 per share (Title of Class

Cliffwater Corporate Lending Fund - SC 13G/A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.

Cliffwater Corporate Lending Fund - SC 13G/A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.

Cliffwater Corporate Lending Fund - SC 13G/A

SC 13G/A 1 tm245491d2sc13ga.htm SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. 1) * Redwood Enhanced Income Corp. (Name of Issuer) Common Stock, par value $0.001 per share (Title of

Cliffwater Corporate Lending Fund - SC 13G/A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. 1)* ARES STRATEGIC INCOME FUND (Name of Issuer) Class I Shares of Beneficial Interest, par value $0.001 per share (Title of Class of Securities

Cliffwater Corporate Lending Fund - SC 13G/A

SC 13G/A 1 tm245578d5sc13ga.htm SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. 2)* TCW Direct Lending Fund VIII LLC (Name of Issuer) Common Units (Title of Class of Securities) N/A

Cliffwater Corporate Lending Fund - SC 13G/A

SC 13G/A 1 tm245491d1sc13ga.htm SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. 2)* Stellus Private Credit BDC (Name of Issuer) Common Stock, par value $0.01 per share (Title of Clas

Cliffwater Corporate Lending Fund - SC 13G/A

SC 13G/A 1 tm242300d1sc13ga.htm SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. 2)* New Mountain Guardian IV BDC, L.L.C. (Name of Issuer) Units of Limited Liability Company Interests (T

Cliffwater Corporate Lending Fund - SC 13G/A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.

Cliffwater Corporate Lending Fund - SC 13G

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.

Cliffwater Corporate Lending Fund - SC 13G

SC 13G/A 1 tm2330111d2sc13g.htm SC 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. 1)* Golub Capital BDC 4, Inc. (Name of Issuer) Common Stock, par value $0.001 per share (Title of Class of

Cliffwater Corporate Lending Fund - SC 13G

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.

As filed with the Securities and Exchange Commission on July 27, 2023

As filed with the Securities and Exchange Commission on July 27, 2023 Securities Act File No.

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Exhibit (n) CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We hereby consent to the incorporation by reference in this Registration Statement on Form N-2 of our report dated June 7, 2023, relating to the financial statements and financial highlights of Cliffwater Corporate Lending Fund for the year ended March 31, 2023, and to the references to our firm under the headings “Financial Highlights,” “Senior Securities” and “Independent Registered Public Accounting Firm; Legal Counsel” in the Prospectus and “Independent Registered Public Accounting Firm; Legal Counsel” and “Financial Statements” in the Statement of Additional Information.

FUND OF FUNDS INVESTMENT AGREEMENT

Exhibit (k)(20) FUND OF FUNDS INVESTMENT AGREEMENT This FUND OF FUNDS INVESTMENT AGREEMENT (the “Agreement”), dated as of June 13, 2023, is between Cliffwater Corporate Lending Fund, a trust organized under the laws of Delaware (the “Acquiring Fund”), and KKR FS Income Trust, a Delaware statutory trust (the “Acquired Fund” and, together with the Acquiring Fund, the “Funds”).

Faegre Drinker Biddle & Reath

Exhibit (l)(7) Faegre Drinker Biddle & Reath LLP One Logan Square, Suite 2000 Philadelphia, Pennsylvania 19103 +1 215 988 2700 main +1 215 988 2757 fax July 27, 2023 Cliffwater Corporate Lending Fund c/o UMB Fund Services, Inc.

Cliffwater Corporate Lending Fund - SC 13G

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.

Cliffwater Corporate Lending Fund - SC 13G

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.

Principal Amount

Cliffwater Corporate Lending Fund Consolidated Schedule of Investments As of December 31, 2022 (Unaudited) Principal Amount Value SENIOR SECURED LOANS — 96.

Cliffwater Corporate Lending Fund - SC 13G

SC 13G 1 tm233033d3sc13g.htm SC 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. )* Redwood Enhanced Income Corp. (Name of Issuer) Common Stock, par value $0.001 per share (Title of Class

Cliffwater Corporate Lending Fund - SC 13G/A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. 1)* Golub Capital Direct Lending Corp. (Name of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securities) N/A (CUSIP Numb

Cliffwater Corporate Lending Fund - SC 13G/A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. 2)* New Mountain Guardian III BDC L.L.C. (Name of Issuer) Units of Limited Liability Company Interests (Title of Class of Securities) N/A (CUSI

Cliffwater Corporate Lending Fund - SC 13G

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. )* New Mountain Guardian IV BDC, L.L.C. (Name of Issuer) Units of Limited Liability Company Interests (Title of Class of Securities) N/A (CUSIP

Cliffwater Corporate Lending Fund - SC 13G/A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. 1)* TCW Direct Lending Fund VIII LLC (Name of Issuer) Common Units (Title of Class of Securities) N/A (CUSIP Number) December 31, 2022 (Date of

Cliffwater Corporate Lending Fund - SC 13G/A

SC 13G/A 1 tm233033d4sc13ga.htm SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. 1)* Stellus Private Credit BDC (Name of Issuer) Common Stock, par value $0.01 per share (Title of Clas

Cliffwater Corporate Lending Fund - SC 13G

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. )* Golub Capital BDC 4, Inc. (Name of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securities) N/A (CUSIP Number) Decemb

Cliffwater Corporate Lending Fund - SC 13G/A

SC 13G/A 1 tm233033d7sc13ga.htm SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. 1)* AGTB Private BDC (Name of Issuer) Common Shares of Beneficial Interest, par value $0.001 per share

Cliffwater Corporate Lending Fund - SC 13G/A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. 2)* Barings Capital Investment Corporation (Name of Issuer) Common Stock (Title of Class of Securities) N/A (CUSIP Number) December 31, 2022 (D

US06763A1016 / BARINGS PRIVATE CR-INV / Cliffwater Corporate Lending Fund - SC 13D Activist Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3)* Barings Private Credit Corporation (Name of Issuer) Common Stock (Title of Class of Securities) 06763A 101 (CUSIP Number) Cliffwater Corporate Lending Fund c/o UMB Fund Services, Inc. Ann Maurer 235 West Galena Street Milwaukee, WI 53212 414-299-2270 (Na

FUND OF FUNDS INVESTMENT AGREEMENT

Exhibit 99.1 FUND OF FUNDS INVESTMENT AGREEMENT This FUND OF FUNDS INVESTMENT AGREEMENT (the “Agreement”), dated as of August 20, 2021, is between Cliffwater Corporate Lending Fund, a Delaware statutory trust (the “Acquiring Fund”), and Barings Private Credit Corporation, a Maryland corporation (the “Acquired Fund” and, together with the Acquiring Fund, the “Funds”). WHEREAS, the Acquiring Fund is

Faegre Drinker Biddle & Reath LLP One Logan Square, Ste. 2000 Philadelphia, PA 19103

CORRESP 1 filename1.htm Faegre Drinker Biddle & Reath LLP One Logan Square, Ste. 2000 Philadelphia, PA 19103 www.faegredrinker.com January 31, 2023 VIA EDGAR TRANSMISSION Ms. Melissa McDonough Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Re: Cliffwater Corporate Lending Fund (Registration Nos. 333-257965; 811-23333) Dear Ms. McDonough: The following responds to the

As filed with the Securities and Exchange Commission on November 30, 2022

486BPOS 1 fp0078142486bpos.htm As filed with the Securities and Exchange Commission on November 30, 2022 Securities Act File No. 333-257965 1940 Act File No. 811-23333 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-2 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [X] Pre-Effective Amendment No. [   ] Post-Effective Amendment No. 2 [X] and REGISTRATION STATEMENT UNDER THE

Fund of Funds Investment Agreement between the Fund and New Mountain Guardian IV BDC, L.L.C. is filed herewith.

EX-99.25 4 fp0078142ex9925k15.htm Execution Version FUND OF FUNDS INVESTMENT AGREEMENT This FUND OF FUNDS INVESTMENT AGREEMENT (the “Agreement”), dated as of June 27, 2022, is between Cliffwater Corporate Lending Fund, a Delaware statutory trust (the “Acquiring Fund”), and New Mountain Guardian IV BDC, L.L.C., a limited liability company organized under the laws of Delaware (the “Acquired Fund” an

Opinion and Consent of Faegre Drinker Biddle & Reath LLP is filed herewith.

EX-99.25 9 fp0078142ex9925l6.htm Faegre Drinker Biddle & Reath LLP One Logan Square, Suite 2000 Philadelphia, Pennsylvania 19103 +1 215 988 2700 main +1 215 988 2757 fax November 29, 2022 Cliffwater Corporate Lending Fund c/o UMB Fund Services, Inc. 235 West Galena Street Milwaukee, WI 53212 RE: Cliffwater Corporate Lending Fund Ladies and Gentlemen: We have acted as counsel to Cliffwater Corporat

Fund of Funds Investment Agreement between the Fund and AGTB Private BDC is filed herewith.

EX-99.25 3 fp0078142ex9925k14.htm Fund of Funds Investment Agreement This FUND OF FUNDS INVESTMENT AGREEMENT (the “Agreement”), dated as of April 19, 2022, is between Cliffwater Corporate Lending Fund, a Delaware statutory trust (the “Acquiring Fund”), and AGTB Private BDC, a Delaware statutory trust (the “Acquired Fund” and, together with the Acquiring Fund, the “Funds”). WHEREAS, the Acquiring F

Fund of Funds Investment Agreement between the Fund and Redwood Enhanced Income Corp. is filed herewith.

FUND OF FUNDS INVESTMENT AGREEMENT This FUND OF FUNDS INVESTMENT AGREEMENT (the ?Agreement?), dated as of April 1, 2022, is between Cliffwater Corporate Lending Fund, a Delaware statutory trust (the ?Acquiring Fund?), and Redwood Enhanced Income Corp.

Consent of Registrant's Independent Registered Public Accounting Firm is filed herewith.

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We hereby consent to the incorporation by reference in this Registration Statement on Form N-2 of our report dated June 7, 2022, relating to the financial statements and financial highlights of Cliffwater Corporate Lending Fund for the period ended March 31, 2022, and to the references to our firm under the headings ?Financial Highlights,? ?Senior Securities? and ?Independent Registered Public Accounting Firm; Legal Counsel? in the Prospectus and ?Independent Registered Public Accounting Firm; Legal Counsel? and ?Financial Statements? in the Statement of Additional Information.

Fund of Funds Investment Agreement between the Fund and Stone Point Credit Corporation is filed herewith.

Fund of Funds Investment Agreement This FUND OF FUNDS INVESTMENT AGREEMENT (the ?Agreement?), dated as of October 25, 2022, is between Cliffwater Corporate Lending Fund, a statutory trust organized under the laws of Delaware (the ?Acquiring Fund?), and Stone Point Credit Corporation, a corporation incorporated under the laws of Delaware (the ?Acquired Fund? and, together with the Acquiring Fund, the ?Funds?).

Fund of Funds Investment Agreement between the Fund and Golub Capital BDC 4, Inc. is filed herewith.

AMENDED AND RESTATED Fund of Funds Investment Agreement This AMENDED AND RESTATED FUND OF FUNDS INVESTMENT AGREEMENT (the ?Agreement?), dated as of April 13, 2022, is between Cliffwater Corporate Lending Fund, a trust organized under the laws of Delaware (the ?Acquiring Fund?), and Golub Capital BDC 4, Inc.

Fund of Funds Investment Agreement between the Fund and Ares Strategic Income Fund

Execution Version Fund of Funds Investment Agreement This FUND OF FUNDS INVESTMENT AGREEMENT (the ?Agreement?), dated as of November 18, 2022, is between CCLF SPV LLC, a wholly-owned subsidiary of Cliffwater Corporate Lending Fund, a Delaware statutory trust (the ?Acquiring Fund?), and Ares Strategic Income Fund, a Delaware statutory trust (the ?Acquired Fund? and, together with the Acquiring Fund, the ?Funds?).

Fund of Funds Investment Agreement between the Fund and Sixth Street Lending Partners is filed herewith.

Fund of Funds Investment Agreement This FUND OF FUNDS INVESTMENT AGREEMENT (the ?Agreement?), dated as of June 30, 2022, is between Cliffwater Corporate Lending Fund, a Delaware statutory trust (the ?Acquiring Fund?), Sixth Street Lending Partners, a Delaware statutory trust (the ?Acquired Fund? and, together with the Acquiring Fund, the ?Funds?).

Principal Amount

Cliffwater Corporate Lending Fund Consolidated Schedule of Investments As of June 30, 2022 (Unaudited) Principal Amount Value SENIOR SECURED LOANS ? 93.

Principal Amount

Cliffwater Corporate Lending Fund Consolidated Schedule of Investments As of June 30, 2022 (Unaudited) Principal Amount Value SENIOR SECURED LOANS — 93.

Cliffwater Corporate Lending Fund - SC 13G

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO ? 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO ? 240.13d-2 (Amendment No. )* Stellus Private Credit BDC (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) N/A (CUSIP Number) May 31

UMB FUND SERVICES, INC. 235 West Galena Street Milwaukee, Wisconsin 53212 (414) 299-2000

UMB FUND SERVICES, INC. 235 West Galena Street Milwaukee, Wisconsin 53212 (414) 299-2000 Securities and Exchange Commission 100 F. Street N.E. Washington, DC 20549 Re: Cliffwater Corporate Lending Fund. Registration Numbers: 811-23333 Filing Pursuant to Rule 30b1-5 and Section 24(b) under the Investment Company Act of 1940 Ladies and Gentlemen: On behalf of the above-referenced registered investme

CLIFFWATER CORPORATE LENDING FUND

424B3 1 fp0074686424b3.htm CLIFFWATER CORPORATE LENDING FUND Filed pursuant to Rule 424(b)(3) File No. 333-257965 PROSPECTUS Class I Shares CCLFX March 29, 2022 Cliffwater Corporate Lending Fund (the “Fund”) is a Delaware statutory trust registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”), as a non-diversified, closed-end management investment company. Th

Powers of Attorney for Paul S. Atkins, Dominic Garcia and Paul J. Williams are filed herewith.

POWER OF ATTORNEY Know all by these presents, that the undersigned hereby constitutes and appoints each of Joshua Deringer, Stephen L.

Opinion and Consent of Faegre Drinker Biddle & Reath LLP is filed herewith.

EX-99.25.2.L.5 19 fp0074385ex99252l5.htm Faegre Drinker Biddle & Reath LLP 320 South Canal Street, Suite 3300 Chicago, Illinois 60606 USA www.faegredrinker.com (312) 569-1000 (Phone) (312) 569-3000 (Facsimile) March 28, 2022 Cliffwater Corporate Lending Fund c/o UMB Fund Services, Inc. 235 West Galena Street Milwaukee, WI 53212 RE: Cliffwater Corporate Lending Fund Ladies and Gentlemen: We have ac

Amended and Restated Administration, Fund Accounting and Recordkeeping Agreement between the Registrant and UMB Fund Services, Inc. is filed herewith.

EX-99.25.2.K.1 8 fp0074385ex99252k1.htm AMENDMENT AGREEMENT THIS AMENDMENT AGREEMENT (this “Amendment”) is effective as of this 1st day of September, 2021, by and between Cliffwater Corporate Lending Fund, a Delaware statutory trust (“Cliffwater”) and UMB Fund Services, Inc., a Wisconsin corporation (“UMBFS”). WHEREAS, Cliffwater and UMBFS have entered into an Administration, Fund Accounting and R

Consent of Registrant's Independent Registered Public Accounting Firm is filed herewith.

EX-99.25.2.N 20 fp0074385ex99252n.htm CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We hereby consent to the incorporation by reference in this Registration Statement on Form N-2 of our report dated March 25, 2022, relating to the financial statements of Cliffwater Corporate Lending Fund for the year ended December 31, 2021, and to the references to our firm under the headings “Financia

Fund of Funds Investment Agreement between the Fund and Barings Private Credit Corporation is filed herewith.

EX-99.25.2.K.6 12 fp0074385ex99252k6.htm EXHIBIT B FUND OF FUNDS INVESTMENT AGREEMENT This FUND OF FUNDS INVESTMENT AGREEMENT (the “Agreement”), dated as of August 20, 2021, is between Cliffwater Corporate Lending Fund, a Delaware statutory trust (the “Acquiring Fund”), and Barings Private Credit Corporation, a Maryland corporation (the “Acquired Fund” and, together with the Acquiring Fund, the “F

Fund of Funds Investment Agreement between the Fund and TCW Direct Lending VIII LLC is filed herewith.

Fund of Funds Investment Agreement This FUND OF FUNDS INVESTMENT AGREEMENT (the ?Agreement?), dated as of March 9, 2022, is between Cliffwater Corporate Lending Fund, a Delaware statutory trust (the ?Acquiring Fund?), and TCW Direct Lending VIII LLC, a limited liability company organized under the laws of Delaware (the ?Acquired Fund? and, together with the Acquiring Fund, the ?Funds?).

Joint Insured Bond Agreement is filed herewith.

EX-99.25.2.K.3 9 fp0074385ex99252k3.htm JOINT INSURED BOND AGREEMENT AGREEMENT dated as of this 13th day of May, 2021, by and between Cliffwater Corporate Lending Fund and Cliffwater Enhanced Lending Fund (each a “Fund” and together, the “Funds”). BACKGROUND A. The Funds are management investment companies registered under the Investment Company Act of 1940 (the “Act”). B. Rule 17g-1 requires each

As filed with the Securities and Exchange Commission on March 28, 2022

486BPOS 1 fp0074385486bpos.htm As filed with the Securities and Exchange Commission on March 28, 2022 Securities Act File No. 333-257965 1940 Act File No. 811-23333 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-2 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [X] Pre-Effective Amendment No. [ ] Post-Effective Amendment No. 1 [X] and REGISTRATION STATEMENT UNDER THE INVE

Amended and Restated By-Laws are incorporated by reference to Exhibit (b) to Post-Effective Amendment No. 10 to the Registrant’s Registration Statement on Form N-2 (Reg. 811-23333) as previously filed on March 29, 2022.

EX-99.25.2.B 3 fp0074385ex99252b.htm CLIFFWATER CORPORATE LENDING FUND AMENDED AND RESTATED BY-LAWS These Amended and Restated By-laws (the “By-laws”) of the Cliffwater Corporate Lending Fund (the “Trust”), a Delaware statutory trust, are subject to the Trust’s Amended and Restated Agreement and Declaration of Trust dated September 15, 2021, as from time to time amended, supplemented or restated (

Form of Selling Agreement is filed herewith.

SELLING GROUP MEMBER AGREEMENT Re: Cliffwater Corporate Lending Fund Date: Ladies and Gentlemen: As the distributor of the shares of beneficial interest (“Shares”) of Cliffwater Corporate Lending Fund (“Fund”), a closed-end “interval” investment company operated in accordance with Rule 23c-3 under the Investment Company Act of 1940, as amended (the “1940 Act”), Foreside Fund Services, LLC (“Distributor”) hereby invites you to participate in the selling group on the following terms and conditions.

Fund of Funds Investment Agreement between the Fund and Golub Capital Direct Lending Corporation is filed herewith.

FUND OF FUNDS INVESTMENT AGREEMENT This FUND OF FUNDS INVESTMENT AGREEMENT (the ?Agreement?), dated as of September 24, 2021, is between Cliffwater Corporate Lending Fund, a trust organized under the laws of Delaware (the ?Acquiring Fund?), and Golub Capital Direct Lending Corporation a Maryland corporation (the ?Acquired Fund? and, together with the Acquiring Fund, the ?Funds?).

Amended and Restated Code of Ethics of Cliffwater LLC is filed herewith.

Code of Ethics Cliffwater LLC (?Cliffwater?) is registered as an investment adviser with the Securities and Exchange Commission (the ?SEC?) under the Investment Advisers Act of 1940, as amended (the ?Advisers Act?).

Distribution Agreement between the Registrant and Foreside Fund Services, LLC is filed herewith.

Distribution Agreement THIS DISTRIBUTION AGREEMENT (?Agreement?), effective as of the closing of the Transaction (as defined below) (the ?Closing Date?), is by and between Foreside Fund Services, LLC (the ?Distributor?) and Cliffwater Corporate Lending Fund (?Fund Company?).

Amended and Restated Agreement and Declaration of Trust dated June 15, 2021 is filed herewith.

CLIFFWATER CORPORATE LENDING FUND AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST Dated: September 15, 2021 TABLE OF CONTENTS page article I NAME AND DEFINITIONS 1 Section 1.

Sub-Advisory Agreement by and among Registrant, Cliffwater LLC and Crescent Capital Group LP is filed herewith.

EX-99.25.2.G.2 4 fp0074385ex99252g2.htm INVESTMENT SUB-ADVISORY AGREEMENT This AGREEMENT is made this 27th day of May, 2021, by and among Cliffwater Corporate Lending Fund, a Delaware statutory trust (the “Fund”), Cliffwater LLC, a Delaware limited liability company (the “Investment Manager”), and Crescent Capital Group LP, a Delaware limited partnership (the “Sub-Adviser”). WHEREAS, the Fund is a

Joint Liability Insurance Agreement is filed herewith.

EX-99.25.2.K.4 10 fp0074385ex99252k4.htm JOINT LIABILITY INSURANCE AGREEMENT AGREEMENT dated the 13th day of July, 2021 between the Cliffwater Corporate Lending Fund and Cliffwater Enhanced Lending Fund (collectively, the “Funds” and individually, a “Fund”). WHEREAS, each Fund is a management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”); WHERE

Fund of Funds Investment Agreement between the Fund and Barings Capital Investment Corporation is filed herewith.

Fund of Funds Investment Agreement This FUND OF FUNDS INVESTMENT AGREEMENT (the ?Agreement?), dated as of February 25, 2022, and effective as of January 21, 2021 (the ?Effective Date?), is between Cliffwater Corporate Lending Fund, a Delaware statutory trust (the ?Acquiring Fund?), and Barings Capital Investment Corporation, a Maryland corporation (the ?Acquired Fund? and, together with the Acquiring Fund, the ?Funds?).

Funds of Funds Investment Agreement between the Fund and Owl Rock Technology Corp. II is filed herewith.

Fund of Funds Investment Agreement This FUND OF FUNDS INVESTMENT AGREEMENT (the ?Agreement?), dated as of February 28, 2022, is between Cliffwater Corporate Lending Fund, a Delaware statutory trust (the ?Acquiring Fund?), and Owl Rock Technology Finance Corp.

Form of Dealer Agreement is filed herewith.

EX-99.25.2.H.4 6 fp0074385ex99252h4.htm FORESIDE FUND SERVICES, LLC DEALER AGREEMENT Re: Cliffwater Corporate Lending Fund Date: Ladies and Gentlemen: As the distributor of the shares of beneficial interest (“Shares”) of the Cliffwater Corporate Lending Fund (the “Fund”), a closed-end “interval” investment company operated in accordance with Rule 23c-3 under the Investment Company Act of 1940, as

Fund of Funds Investment Agreement between the Fund and New Mountain Guardian III BDC, L.L.C. is filed herewith.

Fund of Funds Investment Agreement This FUND OF FUNDS INVESTMENT AGREEMENT (the ?Agreement?), dated as of February 25, 2021, is between Cliffwater Corporate Lending Fund, a Delaware statutory trust (the ?Acquiring Fund?), and New Mountain Guardian III BDC, L.

Funds of Funds Investment Agreement between the Fund and Owl Rock Core Income Corp. is filed herewith.

EX-99.25.2.K.11 17 fp0074385ex99252k11.htm Fund of Funds Investment Agreement This FUND OF FUNDS INVESTMENT AGREEMENT (the “Agreement”), dated as of July 30, 2021, is between Cliffwater Corporate Lending Fund, a Delaware statutory trust (the “Acquiring Fund”), and Owl Rock Core Income Corp. a Maryland corporation (the “Acquired Fund” and, together with the Acquiring Fund, the “Funds”). WHEREAS, th

Cliffwater Corporate Lending Fund - SC 13G

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. )* TCW Direct Lending VIII LLC (Name of Issuer) Common Units (Title of Class of Securities) N/A (CUSIP Number) January 25, 2022 (Date of Event

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 12b-25

NT-NCEN 1 fp0074299ntncen.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 12b-25 SEC File Numbers: 333-255668 (1933 Act) 811-23333 (1940 Act) CUSIP Number [] NOTIFICATION OF LATE FILING (Check One): [ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q [ ] Form 10-D [X] Form N-CEN [ ] Form N-CSR For Period Ended: December 31, 2021 [ ] Transition Report on Form 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 12b-25

NT-NCSR 1 fp0074264ntncsr.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 12b-25 SEC File Numbers: 333-255668 (1933 Act) 811-23333 (1940 Act) CUSIP Number [] NOTIFICATION OF LATE FILING (Check One): [ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q [ ] Form 10-D [ ] Form N-CEN [X] Form N-CSR For Period Ended: December 31, 2021 [ ] Transition Report on Form 10-K

US69120VAA98 / OWL ROCK CORE INCOME CORP - 3.125% 2026-09-23 / Cliffwater Corporate Lending Fund - SC 13G/A Passive Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO ? 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO ? 240.13d-2 (Amendment No. 1)* Owl Rock Core Income Corp. (Name of Issuer) Class I Common Stock, par value $0.01 per share (Title of Class of Securities) 69120V309 (CUSIP

Cliffwater Corporate Lending Fund - SC 13G

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. )* Golub Capital Direct Lending Corporation (Name of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securities) N/A (CUSIP

Cliffwater Corporate Lending Fund - SC 13G/A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO ? 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO ? 240.13d-2 (Amendment No. 1)* New Mountain Guardian III BDC L.L.C. (Name of Issuer) Units of Limited Liability Company Interests (Title of Class of Securities) N/A (CUSI

Cliffwater Corporate Lending Fund - SC 13G/A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. 1)* Barings Capital Investment Corporation (Name of Issuer) Common Stock (Title of Class of Securities) N/A (CUSIP Number) December 31, 2021 (D

Value at Opening Date of

Cliffwater Corporate Lending Fund Consolidated Schedule of Investments As of September 30, 2021 (Unaudited) Principal Amount Value SENIOR SECURED LOANS — 75.

US69120VAA98 / OWL ROCK CORE INCOME CORP - 3.125% 2026-09-23 / Cliffwater Corporate Lending Fund - OWL ROCK CORE INCOME CORP. Passive Investment

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. )* Owl Rock Core Income Corp. (Name of Issuer) Class I Common Stock (Title of Class of Securities) 69120V309 (CUSIP Number) August 2, 2021 (Dat

As filed with the Securities and Exchange Commission on July 16, 2021

N-2MEF 1 fp0066927n2mef.htm As filed with the Securities and Exchange Commission on July 16, 2021 Securities Act File No. 333-[ ] 1940 Act File No. 811-23333 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-2 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [X] Pre-Effective Amendment No. [ ] Post-Effective Amendment No. [ ] and REGISTRATION STATEMENT UNDER THE INVESTMENT CO

Opinion and Consent of Faegre Drinker Biddle & Reath LLP is filed herewith.

Faegre Drinker Biddle & Reath LLP One Logan Square Suite 2000 Philadelphia, PA 19103 (215) 988-2700 (Phone) (215) 988-2757 (Facsimile) www.

Consent of Registrant's Independent Registered Public Accounting Firm is filed herewith.

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We hereby consent to the incorporation by reference in this Registration Statement on Form N-2 filed pursuant to Rule 462(b), of our report dated March 1, 2021, relating to the financial statements of Cliffwater Corporate Lending Fund for the year ended December 31, 2020.

Powers of Attorney for Paul S. Atkins, Dominic Garcia and Paul J. Williams are filed herewith.

POWER OF ATTORNEY CLIFFWATER CORPORATE LENDING FUND (the ?Fund?) KNOW ALL PERSONS BY THESE PRESENTS, that the undersigned constitutes and appoints each of Stephen Nesbitt, Lance J.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form N-23c-3 Notification of Repurchase Offer Pursuant to Rule 23c-3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form N-23c-3 Notification of Repurchase Offer Pursuant to Rule 23c-3 1. Investment Company Act File Number: 811-23333 Date of Notification: July 7, 2021 2. Exact name of Investment Company as specified in registration statement: Cliffwater Corporate Lending Fund 3. Address of principal executive office: (number, street, city,

CLIFFWATER CORPORATE LENDING FUND Class I Shares CCLFX April 30, 2021, as supplemented June 29, 2021

424B3 1 fp0066493424b3.htm Filed pursuant to Rule 424(b)(3) File No. 333-255668 CLIFFWATER CORPORATE LENDING FUND PROSPECTUS Class I Shares CCLFX April 30, 2021, as supplemented June 29, 2021 Cliffwater Corporate Lending Fund (the “Fund”) is a Delaware statutory trust registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”), as a non-diversified, closed-end ma

CLIFFWATER CORPORATE LENDING FUND SUPPLEMENT DATED JUNE 29, 2021 STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 30, 2021

424B3 1 fp0066609424b3.htm Filed pursuant to Rule 424(b)(3) File No. 333-255668 CLIFFWATER CORPORATE LENDING FUND SUPPLEMENT DATED JUNE 29, 2021 TO STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 30, 2021 At a shareholder meeting held on May 6, 2021, the shareholders elected Paul S. Atkins, Dominic Garcia, Paul J. Williams and Stephen L. Nesbitt to serve as members of the Board of Trustees of the

Number of Shares

NPORT-EX 2 fp0065626nportex.htm NPORT EX Cliffwater Corporate Lending Fund Consolidated Schedule of Investments As of March 31, 2021 (Unaudited) Principal Amount Value SENIOR SECURED LOANS — 86.5% COMMUNICATIONS — 1.8% $ 2,977,500 1236904 B.C. Ltd. Term Loan, 5.614% (1-Month USD Libor+550 basis points), 3/4/20271,2,3,4 $ 2,799,535 CM Acquisitions Holdings Inc. 304,084 Delayed Draw, 5.750% (3-Month

CLIFFWATER CORPORATE LENDING FUND Class I Shares CCLFX April 30, 2021

424B3 1 fp0065335424b3.htm CLIFFWATER CORPORATE LENDING FUND PROSPECTUS Class I Shares CCLFX April 30, 2021 Cliffwater Corporate Lending Fund (the “Fund”) is a Delaware statutory trust registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”), as a non-diversified, closed-end management investment company. The Fund operates as an interval fund. The Fund operate

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendme

SC 13G 1 tm2113330-1sc13g.htm SC 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendment No. )* Barings Capital Investment Corporation (Name of Issuer) Common Stock (Title of Class of Securities) N/A

Consent of Registrant's Independent Registered Public Accounting Firm is filed herewith.

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We hereby consent to the incorporation by reference in this Registration Statement on Form N-2 filed pursuant to Rule 462(b), of our report dated March 1, 2021, relating to the financial statements of Cliffwater Corporate Lending Fund for the year ended December 31, 2020.

-

As filed with the Securities and Exchange Commission on March 19, 2021 Securities Act File No.

Opinion and Consent of Faegre Drinker Biddle & Reath LLP is filed herewith.

Faegre Drinker Biddle & Reath LLP One Logan Square Suite 2000 Philadelphia, PA 19103 (215) 988-2700 (Phone) (215) 988-2757 (Facsimile) www.

-

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement. [ ] Confidential, for use of the Commission Only (as permit

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2 (Amendme

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G* (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO ? 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO ? 240.13d-2 (Amendment No. )* New Mountain Guardian III BDC L.L.C. (Name of Issuer) Limited Liability Company Units (Title of Class of Securities) N/A (CUSIP Number) Febr

Faegre Drinker Biddle & Reath LLP One Logan Square, Ste. 2000 Philadelphia, PA 19103-6996

Faegre Drinker Biddle & Reath LLP One Logan Square, Ste. 2000 Philadelphia, PA 19103-6996 www.faegredrinker.com March 4, 2021 VIA EDGAR TRANSMISSION Mr. Raymond Be Securities and Exchange Commission 100 F. Street, N.E. Washington, D.C. 20549 Re: Preliminary Proxy Statement of Cliffwater Corporate Lending Fund (Registration No. 811-23333) Dear Mr. Be: The following responds to the Staff?s comments

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [ ] Check the appropriate box: [X] Preliminary Proxy Statement. [ ] Confidential, for use of the Commission Only (as permit

Faegre Drinker Biddle & Reath LLP One Logan Square, Ste. 2000 Philadelphia, PA 19103-6996

Faegre Drinker Biddle & Reath LLP One Logan Square, Ste. 2000 Philadelphia, PA 19103-6996 www.faegredrinker.com February 19, 2021 VIA EDGAR TRANSMISSION Securities and Exchange Commission 100 F. Street, N.E. Washington, D.C. 20549 Re: Cliffwater Corporate Lending Fund (the “Fund”) (Registration Nos. 333-224044; 811-23333) Preliminary Proxy Statement Ladies and Gentlemen: Enclosed for filing pursua

Consent of Registrant's Independent Registered Public Accounting Firm is filed herewith.

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We hereby consent to the incorporation by reference in this Registration Statement on Form N-2 of our report dated March 2, 2020, relating to the financial statements and financial highlights of Cliffwater Corporate Lending Fund for the period from March 6, 2019 (commencement of operations) through December 31, 2019, and to the references to our firm under the headings “Financial Highlights,” “Independent Registered Public Accounting Firm; Legal Counsel” and “Senior Securities” in the Prospectus and “Independent Registered Public Accounting Firm; Legal Counsel” and “Financial Statements” in the Statement of Additional Information.

The contents of the Registration Statement on Form N-2 relating to the same offering and all amendments thereto (File No. 333-224044), including the prospectus and statement of additional information included therein and the exhibits thereto (other than consents refiled herewith), declared effective on December 14, 2020 are incorporated herein by reference.

As filed with the Securities and Exchange Commission on December 14, 2020 Securities Act File No.

Joint Insured Bond Agreement is incorporated by reference to Exhibit (k)(3) to the Post-Effective Amendment No. 6 to the Registrant’s Registration Statement on Form N-2 (Reg. 811-23333) as previously filed on December 14, 2020.

JOINT INSURED BOND AGREEMENT AGREEMENT dated as of this 2nd day of December, 2020, by and between Infinity Core Alternative Fund, The Relative Value Fund, Infinity Long/Short Equity Fund, LLC, Variant Alternative Income Fund, Cliffwater Corporate Lending Fund, Corbin Multi-Strategy Fund, LLC, Agility Multi-Asset Income Fund, Keystone Private Income Fund, Aspiriant Risk-Managed Real Asset Fund and Aspiriant Risk-Managed Capital Appreciation Fund (each a “Fund” and together, the “Funds”).

Joint Liability Insurance Agreement is incorporated by reference to Exhibit (k)(4) to the Post-Effective Amendment No. 6 to the Registrant’s Registration Statement on Form N-2 (Reg. 811-23333) as previously filed on December 14, 2020.

JOINT LIABILITY INSURANCE AGREEMENT AGREEMENT dated the 2nd day of December, 2020 between the Infinity Core Alternative Fund, The Relative Value Fund, Infinity Long/Short Equity Fund, LLC, Variant Alternative Income Fund, Cliffwater Corporate Lending Fund, Corbin Multi-Strategy Fund, LLC, Agility Multi-Asset Income Fund, Keystone Private Income Fund, Aspiriant Risk-Managed Real Asset Fund and Aspiriant Risk-Managed Capital Appreciation Fund (collectively, the “Funds” and individually, a “Fund”).

Opinion and Consent of Faegre Drinker Biddle & Reath LLP is incorporated by reference to Exhibit (l)(3) to the Registration’s Registration Statement on Form N-2 (Reg. 811-23333) as previously filed on December 14, 2020.

Faegre Drinker Biddle & Reath LLP One Logan Square Suite 2000 Philadelphia, PA 19103 (215) 988-2700 (Phone) (215) 988-2757 (Facsimile) www.

Principal Amount

Cliffwater Corporate Lending Fund Consolidated Schedule of Investments As of September 30, 2020 (Unaudited) Principal Amount Value COLLATERALIZED LOAN OBLIGATIONS — 10.

Opinion and Consent of Faegre Drinker Biddle & Reath LLP is incorporated by reference to Exhibit (l)(2) to the Registrant’s Registration Statement on Form N-2 (Reg. 811-23333) as previously filed on October 20, 2020.

Faegre Drinker Biddle & Reath LLP One Logan Square Suite 2000 Philadelphia, PA 19103 (215) 988-2700 (Phone) (215) 988-2757 (Facsimile) www.

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As filed with the Securities and Exchange Commission on October 20, 2020 Securities Act File No.

Consent of Registrant's Independent Registered Public Accounting Firm is filed herewith.

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We hereby consent to the incorporation by reference in this Registration Statement on Form N-2 filed pursuant to Rule 462(b), of our report dated March 2, 2020, relating to the financial statements of Cliffwater Corporate Lending Fund which appear in Cliffwater Corporate Lending Fund’s Form N-2.

Cliffwater Corporate Lending Fund

Cliffwater Corporate Lending Fund Schedule of Investments As of March 31, 2020 (Unaudited) Principal Amount Value COLLATERALIZED LOAN OBLIGATIONS — 12.

Amended and Restated Code of Ethics of Cliffwater LLC is incorporated by reference to Exhibit (r)(2) to Post-Effective Amendment No. 1 to the Registrant’s Registration Statement on Form N-2 (Reg. 811-23333) as previously filed on April 29, 2020.

Code of Ethics Cliffwater LLC (“Cliffwater”) is registered as an investment adviser with the Securities and Exchange Commission (the “SEC”) under the Investment Advisers Act of 1940, as amended (the “Advisers Act”).

Amended and Restated Expense Limitation and Reimbursement Agreement is incorporated by reference to Exhibit (k)(2) to Post-Effective Amendment No. 1 to the Registrant’s Registration Statement on Form N-2 (Reg. 811-23333) as previously filed on April 29, 2020.

AMENDED AND RESTATED EXPENSE LIMITATION AND REIMBURSEMENT AGREEMENT AGREEMENT made as of the 30th day of April, 2019 by and among Cliffwater Corporate Lending Fund, a Delaware statutory trust (the “Fund”) and Cliffwater LLC, a Delaware limited liability company (“the Investment Manager”).

Joint Insured Bond Agreement is filed herewith.

JOINT INSURED BOND AGREEMENT AGREEMENT dated as of this 16th day of September, 2019, by and between Infinity Core Alternative Fund, The Relative Value Fund, Vivaldi Opportunities Fund, Infinity Long/Short Equity Fund, LLC, Variant Alternative Income Fund, Cliffwater Corporate Lending Fund, Corbin Multi-Strategy Fund, LLC, Agility Multi-Asset Income Fund and Keystone Private Income Fund (each a “Fund” and together, the “Funds”).

Joint Liability Insurance Agreement is filed herewith.

JOINT LIABILITY INSURANCE AGREEMENT AGREEMENT dated the 16th day of September, 2019 between the Infinity Core Alternative Fund, The Relative Value Fund, Vivaldi Opportunities Fund, Infinity Long/Short Equity Fund, LLC, Variant Alternative Income Fund, Cliffwater Corporate Lending Fund, Corbin Multi-Strategy Fund, LLC, Agility Multi-Asset Income Fund and Keystone Private Income Fund (collectively, the “Funds” and individually, a “Fund”).

Consent of Cohen & Company, Ltd. is filed herewith.

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We hereby consent to the inclusion in this Registration Statement on Form N-2 of our report dated March 2, 2020, relating to the financial statements and financial highlights of Cliffwater Corporate Lending Fund for the period from March 6, 2019 (commencement of operations) through December 31, 2019, and to the references to our firm under the headings “Financial Highlights” and “Independent Registered Public Accounting Firm; Legal Counsel” in the Prospectus and “Independent Registered Public Accounting Firm; Legal Counsel” and “Financial Statements” in the Statement of Additional Information.

Consent of Faegre Drinker Biddle & Reath LLP is filed herewith.

CONSENT OF COUNSEL We hereby consent to the use of our name and to the references to our Firm under the caption “Independent Registered Public Accounting Firm; Legal Counsel” in the Prospectus and Statement of Additional Information included in Post-Effective Amendment No.

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486BPOS 1 fp0052228486bpos.htm SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-2 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [X] Pre-Effective Amendment No. [ ] Post-Effective Amendment No. 1 [X] and REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [X] Amendment No. 4 [X] Cliffwater Corporate Lending Fund (Exact Name of Registrant as Specified in Charter

Amended and Restated Sub-Advisory Agreement by and among Registrant, Cliffwater LLC and Beach Point Capital Management LP is incorporated by reference to Exhibit (g)(3) to Post-Effective Amendment No. 1 to the Registrant’s Registration Statement on Form N-2 (Reg. 811-23333) as previously filed on April 29, 2020.

AMENDED & RESTATED INVESTMENT SUB-ADVISORY AGREEMENT This AGREEMENT is made this 16th day of September, 2019, by and among Cliffwater Corporate Lending Fund, a Delaware statutory trust (the “Fund”), Cliffwater LLC, a Delaware limited liability company (the “Investment Manager”), and Beach Point Capital Management LP, a Delaware limited partnership (the “Sub-Adviser”).

Assignment and Assumption Agreement by and between Tennenbaum Capital Partners, LLC and BlackRock Capital Investment Advisors, LLC is incorporated by reference to Exhibit (g)(7) to Post-Effective Amendment No. 1 to the Registrant’s Registration Statement on Form N-2 (Reg. 811-23333) as previously filed on April 29, 2020.

Assignment and Assumption Agreement This Assignment and Assumption Agreement (this "Agreement") dated as of September 16, 2019 (the "Effective Date"), is entered into by and between Tennenbaum Capital Partners, LLC, a Delaware limited liability company ("Current Advisor") and BlackRock Capital Investment Advisors, LLC, a Delaware limited liability company ("New Advisor") and, together with Current Advisor, the "Advisor Parties").

CCLFX / Cliffwater Corporate Lending Fund N-Q - Quarterly Schedule of Portfolio Holdings -

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-23333 Cliffwater Corporate Lending Fund (Exact name of registrant as specified in charter) c/o UMB Fund Services, Inc. 235 West Galena Street Milwaukee, WI 53212 (Registrant’s telephone number, i

CERTIFICATIONS

CERTIFICATIONS I, Stephen Nesbitt, certify that: 1. I have reviewed this report on Form N-Q of Cliffwater Corporate Lending Fund; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the

CERTIFICATIONS

CERTIFICATIONS I, Stephen Nesbitt, certify that: 1. I have reviewed this report on Form N-Q of Cliffwater Corporate Lending Fund; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the

CCLFX / Cliffwater Corporate Lending Fund N-Q - Quarterly Schedule of Portfolio Holdings -

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-23333 Cliffwater Corporate Lending Fund (Exact name of registrant as specified in charter) c/o UMB Fund Services, Inc. 235 West Galena Street Milwaukee, WI 53212 (Address of principal executive o

CCLFX / Cliffwater Corporate Lending Fund

Cliffwater Corporate Lending Fund c/o UMB Fund Services, Inc. 235 West Galena Street Milwaukee, WI 53212 March 6, 2019 VIA EDGAR TRANSMISSION Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Re: Cliffwater Corporate Lending Fund (the “Fund”) (1933 Act Registration No. 333-224044) (1940 Act Registration No. 811-23333) Ladies and Gentlemen: Pursuant to Rule 461 under the

CCLFX / Cliffwater Corporate Lending Fund

Drinker Biddle & Reath LLP 191 N. Wacker Drive, Suite 3700 Chicago, IL 60606-1698 www.drinkerbiddle.com March 5, 2019 Via EDGAR Transmission Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Attention: Tony Burak Re: Cliffwater Corporate Lending Fund, File Nos.: 333-224044; 811-23333 (the “Fund” or “Registrant”) Dear Mr. Burak: The following responds to the comments you

CCLFX / Cliffwater Corporate Lending Fund

Drinker Biddle & Reath LLP 191 N. Wacker Drive, Suite 3700 Chicago, IL 60606-1698 www.drinkerbiddle.com January 4, 2019 Via EDGAR Transmission Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Attention: Karen Rossotto Re: Cliffwater Corporate Lending Fund, File Nos.: 333-224044; 811-23333 (the “Fund” or “Registrant”) Dear Ms. Rossotto: The following responds to the comm

CCLFX / Cliffwater Corporate Lending Fund

CORRESP 1 filename1.htm Drinker Biddle & Reath LLP 191 N. Wacker Drive, Suite 3700 Chicago, IL 60606-1698 www.drinkerbiddle.com September 28, 2018 Via Edgar Transmission Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Attention: Karen Rossotto Re: Cliffwater Corporate Lending Fund (f/k/a Cliffwater Direct Lending Fund) File Nos.: 811-23333; 333-224044 Dear Ms. Rossotto

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-8A NOTIFICATION OF REGISTRATION FILED PURSUANT TO SECTION 8(a) OF THE INVESTMENT COMPANY ACT OF 1940

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-8A NOTIFICATION OF REGISTRATION FILED PURSUANT TO SECTION 8(a) OF THE INVESTMENT COMPANY ACT OF 1940 The undersigned investment company hereby notifies the Securities and Exchange Commission that it registers under and pursuant to the provisions of Section 8(a) of the Investment Company Act of 1940, and in connection with such notification of registration submits the following information: Name: Cliffwater Direct Lending Fund Address of Principal Business Office (No.