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Wealth Advisor Daily
The advisor's edition — practice, portfolio, and the book.
Saturday, September 5, 2026The Morning Brief →Sign in
asset manager

Cliffwater

MARINA DEL REY, CA
CRD: 132167
In PWD coverage since August 19, 2026 · 4 stories
$48.5BRegulatory AUMSEC Form ADV · Aug 28
213EmployeesForm ADV
1Moves on the wire · 12 months
Regulatory AUM · Aug 21Aug 28
Talent flow · 12 monthsOn the wire →
Sam Walsh
Aug 18 · exec change
PWD coverage
portfolio

Cliffwater's 5% cap turns redemptions into a three-quarter distribution plan

Advisors whose clients need cash in the next couple of years should treat the $31 billion fund as a position already in wind-down.
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