Cliffwater tailors its advisory services to the individual needs of its clients based on each client’s specific circumstances and objectives. For example, some clients may select Cliffwater’s non-discretionary advisory services, whereas other clients may choose discretionary advisory services. In addition, some clients may retain Cliffwater to provide advisory services for all of their alternative investments, whereas other clients may retain Cliffwater for one alternative asset category. Finally, some clients may want a full range of advisory services including strategy, education and research, portfolio construction and ongoing portfolio management, investment recommendations, and monitoring and reporting, whereas other clients may want a subset of these services.

Cliffwater can manage discretionary portfolios across all asset classes or for one or more alternatives categories. For discretionary clients, we exercise daily portfolio management responsibility over the investments and provide portfolio administration.

In non-discretionary advisory assignments, Cliffwater seeks to work with clients to implement their alternative investment portfolios to meet their objectives, including portfolio design and construction, fund selection and ongoing management of the portfolio, while also giving clients information necessary to make informed investment decisions.