Fran Beyers is the Head of Capital Markets at Cliffwater, an investment advisory and asset management firm specializing in alternative investments including private equity, private debt, hedge funds, real assets and real estate.

Fran is also a co-portfolio manager for the firm’s flagship direct lending interval fund, Cliffwater Corporate Lending Fund (CCLFX). Fran is responsible for sourcing middle market lending opportunities and maintaining manager relationships to support Cliffwater’s rapidly growing multi-manager private debt asset management business. Fran also manages Cliffwater’s proprietary and widely used Cliffwater Direct Lending Index (CDLI).

Prior to joining Cliffwater, Fran served as the Head of Analysis for Middle Market Loans at Refinitiv LPC. While in this role, she provided data, research and analytics on the direct lending market, while also developing innovative web-based products serving the direct lending market. Prior to that, she held positions at Churchill Asset Management focused on underwriting and portfolio management for middle market private equity portfolio companies. She began her career in investment banking at J.P. Morgan, with roles including Ratings and Capital Structure Advisory and Credit Portfolio Management.

Fran has been acknowledged as a thought leader for her research, commentary, analysis and data collection for the direct lending and middle market asset class for over a decade and is frequently cited by media outlets.

Fran received her B.S.B.A. from the Olin School of Business at Washington University in St. Louis.