Cliffwater Enhanced Lending Fund (CELFX), an interval fund providing access to alternative private debt strategies, has appointed Nicholas Lenicheck as a Managing Director in its investment team based in New York.
Lenicheck has extensive experience as an allocator to, and direct investor in, alternative credit investment strategies.
Prior to joining the CELFX senior team, he was a Senior Director at PSP Investments where he managed an opportunistic private credit sub-portfolio and sourced and executed co-investment and direct transactions as part of their alpha alternatives team. Lenicheck also previously held Investment Analyst positions with Farallon Capital Management and Tudor Investment Corporation.
Cliffwater, the investment adviser of CELFX, has been investing in enhanced lending since 2006. The firm oversees over $7bn in enhanced lending assets and over $37bn in private debt assets. Cliffwater’s private debt platform has grown to 39 investment professionals dedicated to research, underwriting, and portfolio management.
