Cascade Private Capital Fund, an interval fund providing access to private capital, closed a senior secured revolving credit facility with JPMorgan Chase Bank. Under the facility, which closed on Sept. 26, 2024, JPMorgan has agreed to extend credit to the fund in an aggregate amount of $250 million._x000D_
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The fund intends to utilize the facility to support continued balance sheet growth and liquidity._x000D_
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“We are thrilled not only to provide enhanced liquidity to Cascade Private Capital Fund, but also to do so with a partner like JPMorgan,” Daniel Lepore, managing director and head of liability management at Cliffwater, which is serving as investment advisor of the fund, said. “This facility provides long-term, flexible debt financing from a partner that can best facilitate future growth of the fund’s balance sheet.”
Forward for Specialty Finance
