Cliffwater's Cascade Real Assets Fund Surpasses $1 Billion in Net Assets Shortly After Launch
The Cascade Real Assets Fund (CRAFX), managed by Cliffwater, has surpassed $1 billion in net assets just one month after its launch. The fund aims to provide diversified exposure to real assets such as real estate and infrastructure through a multi-manager approach that includes investments across primaries, secondaries, co-investments, and other opportunities. Sean Brenan, Head of Real Estate at Cliffwater, highlighted the transformation in the real estate market over the past five years and emphasized CRAFX's ability to capitalize on illiquidity by offering timely capital solutions. Blake Nesbitt, CIO at Cliffwater, noted that this milestone reflects continued growth in private markets strategies. Cliffwater has extensive experience managing real assets with $14 billion committed across similar strategies. As of October 2026, CRAFX had exposure to 120 properties and seven platform partners.
