B
Evidence Grade B
Graded
under review
Safe to Cite
Recent
4.5%
4.5% -- index return for Cliffwater Direct Lending Index (2025)
Attribution:
View source
Lighthouse Research Team
Last verified:
·
How we verify data →
Source verified
Evidence graded
Value
4.5%
Unit
Percentage
Data Vintage
2025
Entity
Evidence Quality
B
Strong, reliable evidence
Sourced from a well-regarded research firm or industry leader with transparent methodology and a reasonably large sample.
Single source - not yet corroborated
Score breakdown
Extraction
95
Source Trust
50
Citation Chain
20
Independence
30
Methodology
45
Freshness
86
Source
iCapital
Primary
Tier A
https://icapital.com/insights/private-credit/investment-essentials-direct-lending/ ↗
Source Article
Investment Essentials: Direct Lending
Investment Outlook
Direct lending yields have been trending lower because of declining reference rates and intense competition for new loan originations, which is resulting in pricing compression. There are a few reasons behind this. First, when growth in direct lending assets began to scale in the …
Original Research
iCapital
· Original study ↗
Methodology
Cliffwater Direct Lending Index, with data based on availability as of August 2025.
Methodology documented
Segmentation
Channelcommon_crawl
Cite this stat
Plain Text
Cliffwater Direct Lending Index: 4.5% index return. Source: iCapital (2025). Via Lighthouse Intelligence -- https://lighthousedata.io/data/direct-lending-index-return-2025
HTML Embed
<blockquote cite="https://lighthousedata.io/data/direct-lending-index-return-2025" style="border-left:3px solid #2563eb;padding:12px 16px;margin:16px 0;font-family:system-ui,sans-serif;background:#f0f4ff;"><strong>4.5%</strong> -- index return for Cliffwater Direct Lending Index<br><small>Source: iCapital (2025) · <a href="https://lighthousedata.io/data/direct-lending-index-return-2025" target="_blank" rel="noopener">Lighthouse Intelligence</a></small></blockquote>
Share
Related Statistics
Use this data in your work
Copy the citation, embed the widget, or explore thousands more verified marketing statistics -- all free.