Instuitional Investor - Cliffwater Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Vanguard Index Fds		307,085	$113,633,733	28.29%
2.	Vanguard Scottsdale Funds	VCIT	1,200,527	$70,807,082	17.63%
3.	Blue Owl Technology Finance Corp.	OTF	5,908,955	$61,157,684	15.23%
4.	Vanguard Tax-Managed Fds		768,881	$54,782,771	13.64%
5.	Vanguard Scottsdale Funds	VCIT	129,315	$42,858,353	10.67%