Sponsor Profile

Cliffwater

Marina del Rey, CA · Founded 2004 · cliffwater.com · Reviewed July 2026

Cliffwater is an alternatives research and advisory firm and the manager of large interval funds such as the Cliffwater Corporate Lending and Enhanced Lending funds, rather than a property sponsor in the conventional…

Assets Under Mgmt
$120.0B
Full-Cycle Deals
0
Year Founded
2004
Headquarters
Marina del Rey, CA

Overview

Cliffwater is an alternatives research and advisory firm and the manager of large interval funds such as the Cliffwater Corporate Lending and Enhanced Lending funds, rather than a property sponsor in the conventional DST sense. Its franchise is built on institutional-grade private-credit research and RIA-channel distribution, and it appears in the alts ecosystem as an allocator and fund manager. Investors should recognize that it originates no real estate DSTs and that its roughly $120 billion of advisory and fund assets reflects a credit, not a property-sponsorship, business.

Key strategies & advantages

  • Pioneered the institutional interval-fund structure with its flagship Corporate Lending Fund.
  • Specializes in private credit, an adjacent rather than core real estate discipline.
  • Built on a heritage of institutional alternatives research and manager selection.
  • Originates no real estate DSTs; its ~$120 billion reflects credit and advisory assets.
  • Distributes primarily through the RIA channel.
These describe the sponsor’s approach and potential advantages only, and should be weighed against the risks common to DST investments — illiquidity, loss of principal, and no guaranteed distributions. Full risk factors are in each offering’s Private Placement Memorandum.

Track record

Baker 1031 does not yet have full-cycle, deal-by-deal results for Cliffwater in its dataset. Aggregate figures above, where shown, are sponsor-reported and not independently verified. Past performance does not guarantee future results.

Current offerings from this sponsor

Baker 1031 tracks this sponsor’s active DST and 1031-eligible offerings. Verified investors can review what’s currently available. Browse current offerings →

Gerald F. “Jerry” Baker, III — Founder & Managing Principal, Baker 1031 Investments · FINRA Series 22 / 63 · SIE. Read full bio →

Sponsor figures are sponsor-reported and not independently verified; they may reflect selection and survivorship bias, and past performance does not guarantee future results. This profile is educational and is not investment advice or an offer to sell or a solicitation to buy any security. Offerings are available only to accredited investors and are made solely through the sponsor’s Private Placement Memorandum. Securities offered through Aurora Securities, member FINRA/SIPC. Real estate investments involve risk, including possible loss of principal.

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