Cliffwater offers investment advice to institutions and high-net-worth individuals, focusing on alternative investments like private equity, private debt, hedge funds, real estate, and liquid alternative investments. Cliffwater can manage investments with or without discretion, tailoring services to each client's needs. Services include strategy, research, portfolio construction, investment recommendations, monitoring, and reporting. Cliffwater also advises on traditional strategies in connection with its alternative investment services.
Fee Structure
Cliffwater does not have a standard fee schedule. Fees are individually negotiated based on the scope of services, the size and complexity of the investment program, the amount of customized work and education, the level of portfolio administration, and the frequency of meetings and travel, among other factors. Fees are structured either as a fixed fee or as a percentage of assets under advisement or management.