Cliffwater Cascade Real Assets Fund surpasses $1b in net assets in first month since launch

Cliffwater's Cascade Real Assets Fund (CRAFX) has passed $1 billion in net assets within its first month, having started in September. Cliffwater manages interval funds in private markets.

CRAFX is a multi-manager vehicle aiming to give investors varied exposure to real assets such as real estate and infrastructure. It can invest in seasoned primaries, secondaries, co-investments and other opportunities. Its portfolio consists only of assets originated after the rate hikes. Sean Brenan, head of real estate, is lead portfolio manager. Cliffwater says it has committed $14 billion across real estate and infrastructure strategies.