Cliffwater Corporate Lending Fund President Acquires $5 Million in Shares

Cliffwater Corporate Lending Fund’s President and Interested Trustee, Stephen Lane Nesbitt, has made a notable investment in the fund by acquiring Class I shares valued at $5 million. This transaction, executed on September 13, 2024, involved the purchase of 459,136.823 shares at a price of $10.89 each.

Nesbitt’s investment signals a strong confidence in the fund’s performance and future potential. Following this purchase, he now holds a total of 7,387,566.124 shares in the Cliffwater Corporate Lending Fund, having acquired them indirectly through The Nesbitt Family Trust of 1995, which reflects his long-term commitment to the fund.

Investors often pay close attention to the actions of company executives, viewing them as indicators of confidence in the company’s value and growth prospects. A purchase of this scale strongly suggests that Nesbitt has a positive outlook on the fund’s future performance.

It’s crucial for investors to keep an eye on such transactions, as they can offer insights into the confidence that the fund’s management has in its financial stability and strategic direction. While this transaction marks a significant increase in Nesbitt’s holdings, it remains advisable for investors to consider a variety of factors when making their investment decisions.