Cascade Private Capital Fund Secures $250 Million Facility
Cascade Private Capital Fund Closes $250 Million Credit Facility
Cascade Private Capital Fund, also known as CPEFX, has recently secured a major financial milestone by closing a senior secured revolving credit facility with JPMorgan Chase Bank. This facility allows the Fund to access $250 million in aggregated credit. The initiative reflects the Fund's strategy to bolster its balance sheet and improve liquidity as it grows in the private capital space.
Utilization of the Revolving Credit Facility
The Fund plans to use the capital provided by this credit facility to enhance its financial flexibility. As of now, Cascade Private Capital Fund boasts net assets totaling approximately $1.2 billion. This is a significant increase from $125 million, a growth phase that began when Cliffwater assumed the role of investment adviser earlier this year.
Strategic Growth and Partnership with JPMorgan
Daniel Lepore, the Managing Director at Cliffwater, expressed enthusiasm over the partnership with JPMorgan, emphasizing the importance of a strong financial ally in supporting the Fund's future endeavors. This partnership is expected to play a crucial role in the Fund's ongoing development and expansion.
About Cascade Private Capital Fund
Cascade Private Capital Fund operates as a Delaware statutory trust, registered under the Investment Company Act of 1940. The Fund has transitioned its branding during the year; previously known as the Barings Private Equity Opportunities & Commitments Fund, it now emphasizes its commitment to private market investments, identifying and capitalizing on market inefficiencies.
Investment Performance and Future Opportunities
Since its inception, Cascade Private Capital Fund has achieved a remarkable net annualized return of 19.66%. The Fund's diversified portfolio consists of 56 investments across various segments of private equity, engaging with 43 investment partners. This robust performance underscores its strategic positioning within the market, which aims to leverage evolving opportunities in private equity.
Role of Cliffwater LLC
Cliffwater LLC continues to serve as the investment adviser for Cascade Private Capital Fund, bringing extensive expertise in alternative investments. Established in 2004, Cliffwater manages around $30 billion in assets and offers comprehensive investment services to its clients. The firm focuses heavily on private equity sectors, boasting a research team dedicated to developing insights regarding alternative investment strategies.
Understanding the Risks Associated with Investing
While Cascade Private Capital Fund presents promising investment opportunities, it’s important to acknowledge the significant risks as well. Shares are not traded publicly, and there is a limited number of shares that may qualify for repurchase. Potential investors should thoroughly evaluate their investment objectives and consider the speculative nature of this investment before committing resources.
A Friendly Reminder on Investment Commitments
Investors are encouraged to reflect on their financial situations, since the Fund's operating history is limited. High-risk investments, such as those offered by the Fund, should complement a diversified financial strategy, ensuring preparedness for any market fluctuations.
Frequently Asked Questions
What is the purpose of the $250 million credit facility?
The credit facility will be utilized to enhance liquidity and support the growth of Cascade Private Capital Fund’s balance sheet.
How has Cascade Private Capital Fund performed historically?
Since its inception, the fund has achieved a net annualized total return of 19.66%, highlighting its successful investment strategy.
What type of investments does Cascade Private Capital Fund focus on?
The fund invests in private markets, particularly in strategies that exploit market inefficiencies.
Who manages Cascade Private Capital Fund?
Cliffwater LLC acts as the investment adviser for the Fund, leveraging its expertise in alternative investments.
What are the risks associated with investing in the Fund?
Investors should consider high risk factors, limited liquidity, and the speculative nature of the Fund’s investments before proceeding.
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