Cliffwater’s Father-Son Duo Is Lashed by Private Credit’s Brewing Storm

The rapid growth of Cliffwater under the Nesbitts has been impressive, yet the current climate suggests a potential reckoning for private credit firms. As investors become wary and seek to exit, the implications for the Nesbitts' business model and the broader market could be profound. This scrutiny may not only affect investor confidence but also challenge the operational integrity of private credit firms that have thrived in a less cautious environment.