diff --git a/litellm/caching/llm_caching_handler.py b/litellm/caching/llm_caching_handler.py
index 3bf1f80d08..898adfd7a5 100644
--- a/litellm/caching/llm_caching_handler.py
+++ b/litellm/caching/llm_caching_handler.py
@@ -14,10 +14,14 @@ class LLMClientCache(InMemoryCache):
         If none, use the key as is.
         """
         try:
-            event_loop = asyncio.get_event_loop()
+            try:
+                event_loop = asyncio.get_running_loop()
+            except RuntimeError:
+                event_loop = asyncio.new_event_loop()
+                
             stringified_event_loop = str(id(event_loop))
             return f"{key}-{stringified_event_loop}"
-        except Exception:  # handle no current event loop
+        except Exception:  # handle other potential errors
             return key
 
     def set_cache(self, key, value, **kwargs):