London and New York, July 30, 2025 – Rimes, a leading provider of enterprise data management and investment platform solutions to the global investment community, announces that the Cliffwater Direct Lending Index (CDLI) suite is now available through Rimes’ Benchmark Data Service. The CDLI was the first published index tracking the U.S. direct lending market and has become the industry standard for measuring performance in private credit. It currently covers approximately 19,000 directly originated middle market loans representing $465 billion in total assets. The suite includes the flagship CDLI, in gross and net return variants, as well as sub-indices focused on upper middle market and lower middle market borrowers, senior loans, venture-backed loans, and perpetual non-exchange traded BDCs.
Asset managers and asset owners worldwide work with Rimes to efficiently curate and manage validated, policy-driven data across asset classes, improving accuracy, productivity and time to market.
Patrick Walsh, Head of Foundational Data a Rimes comments: “As investment in private markets has grown, so has the demand for better transparency into the performance of those investments. Rimes is continually expanding our data universe, and private assets data is a strong focus area for us – we are committing to helping our clients curate and onboard the very best private market data sources. Cliffwater’s CDLI is a great addition to our index coverage in the private credit and lending market space.”
About Rimes
Rimes provides transformative enterprise data management solutions to the global investment community. Driven by our passion for solving the most complex data problems, we provide our clients with investment intelligence that powers more than US$75 trillion in AUM annually. The world’s leading institutional investors, asset managers and service providers rely on Rimes to help them make better investment decisions using accurate information and industry-leading technology. For more information, please visit www.rimes.com.
About Cliffwater
Cliffwater LLC (“Cliffwater”, or “the Firm”) is an independent alternative investment adviser and fund manager that provides proactive research, advisory, and investment services. Cliffwater was founded in 2004; has offices in Los Angeles, Newport Beach, Chicago, and New York; and currently has approximately $42 billion in assets under management (AUM) and $78 billion in assets under advisement (AUA).
Cliffwater is a leader in private debt. The Firm’s research has been published in “The Journal of Alternative Investments,” and in 2018, its founder and Chief Executive Officer, Stephen Nesbitt, was named one of the “30 Most Influential People in Private Debt” by Private Debt Investor. Mr. Nesbitt has also written one of the first books on private debt: “Private Debt: Opportunities in Corporate Direct Lending” (Wiley Finance, 2019); with its second edition being released in 2023: “Private Debt: Yield, Safety and the Emergence of Alternative Lending” (Wiley Finance, 2023).
Cliffwater’s private debt research has also led to the creation of its suite of direct lending indices that includes the Cliffwater Direct Lending Index, the widely accepted private debt benchmark.
Cliffwater LLC is an investment adviser registered with the Securities and Exchange Commission (“SEC”).
Media Contacts:
Rimes
Laura Davis
[email protected]
+1 917 765 2567
Cliffwater
Deborah Van
[email protected]
+1 310 479 2442