3196 0 obj /K 1044 2884 0 obj /K [1111 1112] /K 1510 << /Lang (EN-US) /Lang (EN-US) >> /K 1304 /Lang (EN-US) << 2392 0 obj << endobj /Lang (EN-US) /S /P 2737 0 obj /S /P /S /P /Pg 23 0 R 2506 0 obj /P 10 0 R /Pg 23 0 R /S /Artifact /K 738 << /Pg 24 0 R >> /Pg 22 0 R /S /Artifact /K 853 /P 5306 0 R endobj endobj /K 133 3373 0 obj /Pg 16 0 R /Pg 24 0 R /K 1355 760 0 obj /S /P >> /P 6058 0 R /K 666 /S /Artifact 2507 0 obj Not surprisingly, some managers have produced better outcomes than others, and by wide margins. >> /Tabs /S 3184 0 obj >> /Pg 25 0 R endobj << 2698 0 obj /Lang (EN-US) 1322 0 obj /Lang (EN-US) >> endobj /S /P 3824 0 obj /K 164 >> /K 19 endobj >> << 921 0 obj << << >> /K 122 >> 2500 0 obj /Pg 22 0 R endobj null 1585 0 R null null null 1586 0 R null null null 1587 0 R >> endobj 2558 0 R null 2559 0 R null 2560 0 R null 2561 0 R null 2562 0 R null 4028 0 obj /K 1208 >> endobj << endobj /S /P /S /Artifact /Pg 22 0 R /Lang (EN-US) /Lang (EN-US) /K 1321 /K 1348 << /S /P /Lang 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R 3126 0 R endobj endobj /S /P /Lang (EN-US) /K 952 364 0 obj /Lang (EN-US) endobj 2656 0 obj >> /Lang (EN-US) >> endobj /Lang (EN-US) endobj /Pg 15 0 R /S /Artifact endobj >> 4202 0 obj /Pg 22 0 R /P 4755 0 R /Pg 24 0 R /Pg 25 0 R << /Pg 25 0 R >> /S /P 1979 0 obj >> /K 1140 /Pg 25 0 R /Lang (EN-US) /S /Artifact /Lang (EN-US) /K 248 << 1318 0 obj /K 449 >> 2412 0 obj /Pg 25 0 R << /K 1400 >> 3480 0 obj /Pg 25 0 R /Pg 22 0 R endobj /Pg 24 0 R 382 0 obj /K 1089 /K 661 3402 0 obj /S /P endobj endobj 3888 0 obj 3750 0 obj 1421 0 obj m /Lang (EN-US) 2588 0 obj /K 106 /K 221 << endobj << 3148 0 obj /Pg 18 0 R /Pg 25 0 R endobj /Pg 22 0 R << /Lang (EN-US) /Pg 23 0 R 2672 0 obj /K 967 >> >> /Pg 23 0 R /Pg 25 0 R endobj 3353 0 obj endobj << << >> endobj /Pg 24 0 R /K 1262 2831 0 obj /Pg 22 0 R /S /Artifact endobj >> 2313 0 obj endobj /S /P << 3446 0 obj << /S /Artifact >> endobj /P 5581 0 R endobj /K 1270 >> endobj 2729 0 obj /Lang (EN-US) /Pg 18 0 R 2165 0 obj << >> endobj << /Pg 24 0 R /K 157 endobj /K 287 << /K 385 /Pg 23 0 R /P 5393 0 R endobj /K 56 /K 262 << >> /S /Artifact /Pg 22 0 R endobj << << /K 381 endobj /Lang (EN-US) << endobj << /K 1324 >> << >> /Pg 22 0 R /S /P /K 244 endobj endobj /S /Artifact << /Pg 25 0 R endobj /P 4924 0 R /Pg 24 0 R /Pg 24 0 R 1104 0 obj << >> /K 1477 /Pg 18 0 R /K 1392 endobj >> endobj 482 0 R null 483 0 R 484 0 R 485 0 R null 486 0 R null 487 0 R 488 0 R /K 801 << /K 526 /K 1484 3511 0 obj 1536 0 obj << /Pg 23 0 R /K 1445 407 0 obj >> endobj /P 5379 0 R endobj /Pg 22 0 R /K 467 /S /Figure /K 1485 3842 0 obj /Pg 25 0 R /Pg 24 0 R /K 13 /S /Artifact endobj /P 5272 0 R << endobj /P 5566 0 R endobj << << /S /P /Pg 24 0 R /S /Artifact 2038 0 R 2039 0 R 2040 0 R 2040 0 R 2041 0 R 2042 0 R 2043 0 R 2044 0 R 2045 0 R 2045 0 R /Pg 23 0 R endobj endobj 4256 0 obj /S /Artifact /K 1332 2848 0 obj endobj endobj /Pg 24 0 R /P 6642 0 R /K 185 /P 6439 0 R /S /Artifact << endobj /S /Artifact 2222 0 obj /S /Artifact /K 1224 /K 716 << endobj endobj endobj >> /Pg 23 0 R Why Private Credit? | Blackstone Private Credit Fund /Pg 22 0 R /P 5729 0 R << /K 927 /S /Figure << /K 295 /S /P /S /P 1737 0 obj >> /S /P >> 425 0 obj /Pg 26 0 R /S /Artifact /P 6173 0 R /K 7 /Pg 22 0 R /P 5351 0 R >> endobj endobj 7 0 obj /Lang (EN-US) endobj /S /Artifact The Cliffwater Direct Lending Index (CDLI) seeks to measure the unlevered, gross of fee performance of U.S. middle market corporate loans, as represented by the asset-weighted performance of the underlying assets of Business Development Companies (BDCs), including both exchange-traded and unlisted BDCs, subject to certain eligibility . null null null 1611 0 R null 1612 0 R null 1613 0 R null 1614 0 R /K 1330 /K 705 << endobj 1452 0 obj /Pg 23 0 R /S /Link >> /S /Artifact /K 1426 3395 0 obj /S /Artifact /P 4934 0 R /S /P /K 1198 endobj /Pg 24 0 R 777 0 obj /Pg 22 0 R endobj /Pg 23 0 R << /S /Artifact << 2568 0 obj /P 5834 0 R /K 324 /S /P endobj /Pg 23 0 R /S /P /S /P 1591 0 obj /K 1271 /Lang (EN-US) /S /P >> endobj /K 33 1840 0 obj /S /Artifact >> /Pg 24 0 R /P 10 0 R endobj /P 5027 0 R /P 10 0 R << >> 3896 0 obj << << << 3266 0 obj 970 0 obj /Pg 23 0 R 3608 0 obj /K 1473 null 1607 0 R null 1608 0 R null 1609 0 R null null null 1610 0 R /K 1406 /P 5525 0 R
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