Cliffwater, a private markets interval fund manager, has announced that its Cascade Real Assets Fund (CRAFX) has surpassed $1 billion in net assets after just launching in September.
CRAFX seeks to provide investors with diversified exposure to real assets, including real estate and infrastructure, through a flexible, multi-manager approach. The fund’s open-architecture strategy allows it to invest across seasoned primaries, secondaries, co-investments and other attractive opportunities, drawing on Cliffwater’s extensive network of investment managers. The portfolio is composed entirely of assets originated following the rate hikes and is diversified across sectors and strategies.
“The launch of CRAFX comes at a time when the real estate market is undergoing a dramatic transformation, five years in the making,” said Sean Brenan, head of real estate and lead portfolio manager of CRAFX. “In a period of sustained illiquidity, real estate sponsors and investors a
