We’re pleased to present our 2023 Sustainability Report. This report reinforces our commitment to responsible investing and represents our efforts to “practice what we preach” as we strive to advance transparent and sustainable investment practices. ► Swipe below to learn more about what we’ve accomplished in the past year, and check out the full report on our website: https://lnkd.in/eUKYHxq #Sustainability #SustainableInvesting #ESG #DEI
Churchill Asset Management
Financial Services
New York, NY 20,263 followers
A Leading Capital Provider for Private Equity-owned, Middle Market Companies
About us
Churchill, an investment-specialist affiliate of Nuveen (the asset manager of TIAA), provides customized financing solutions to middle market private equity firms and their portfolio companies across the capital structure. With over $50 billion* of committed capital, we provide first lien, unitranche, second lien and mezzanine debt, in addition to equity co-investments, secondary solutions and private equity fund commitments. Churchill has a long history of disciplined investing across multiple economic cycles and our unique origination strategy, best in class execution and investment are driven by 170 professionals in New York, Charlotte, Chicago, Dallas and Los Angeles, and we draw on the resources of one of the world’s largest asset managers** and investors in private debt***. -------------------------------------------------- ▶︎ Disclosure: https://www.nuveen.com/en-us/resources/social-media-information ▶︎ Job applicants residing in California, please click here: https://www.churchillam.com/ccpa-privacy-notice/ -------------------------------------------------- * As of January 1, 2024. **Investment & Pensions Europe, June 2022. Rankings based on total worldwide assets as of December 31, 2021 reported by each responding asset manager. ***Private Debt Investor's Global Investor 50 Ranking; published in December 2023. Rankings based the market value of private debt portfolios.
- Website
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https://www.churchillam.com/
External link for Churchill Asset Management
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- New York, NY
- Type
- Privately Held
Locations
Employees at Churchill Asset Management
Updates
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President & CEO Ken Kencel joined Sonali Basak on Bloomberg’s The Close to discuss how the higher-for-longer interest rate environment is leading to a dispersion in performance among private credit managers. Watch below to learn more.
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Churchill Asset Management reposted this
It was a pleasure to share the story of Churchill Asset Management with Joseph Reilly on his latest Private Capital Podcast! Since our founding in 2006, Churchill has been one of the most active direct lenders in the U.S. and a significant participant in the evolution of the private credit markets. Today, we continue to play a leading role... given our scale, strong private equity relationships and global institutional investor base. I enjoyed chatting with Joe about Churchill's roots, the art and science of covenants and my views on the current market environment. I even got to provide my top desert island music picks and more. Take a listen if you'd like – and thanks for having me, Joe. https://lnkd.in/eZRXee3B
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We’re proud to share that we’ve secured several top spots in PitchBook’s and KBRA Direct Lending Deals (KBRA DLD)’s Q1 2024 league tables. Thank you to our private equity partners for your ongoing collaboration and support!
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At Churchill, we’re committed to giving back to the local communities where we live and work. That’s why our team members decided to create the Gryphon Scholarship, which is awarded to high school students located in the New York, Chicago, Charlotte and Los Angeles metropolitan areas who are planning to pursue full-time undergraduate study. Administered by Scholarship America, the scholarship is fully funded by Churchill employees and 100% matched by our parent company, TIAA. Congratulations to this year’s recipients – Diana Kopestynska, Daniel Animashaun, Addison Carson, Aria Champiri and Laura Schroeder! We’re excited to see what you will accomplish in your undergraduate careers. ► Learn more about this year’s Gryphon scholars below and on our website: https://lnkd.in/emViAagH
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As expectations for interest rates shift and the broadly syndicated loan market has re-opened, we’re seeing increased pricing pressure and loosening terms in the upper middle market. Hear more from President & CEO Ken Kencel on why we believe the core middle market remains attractive and where we are seeing opportunity today.
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Go Gryphons! We brought lots of team spirit to watch our intramural basketball team play in the championship against Centerbridge Partners, L.P. While the Gryphons fell short with a close score of 44-41, we had a great turnout of cheerleaders and fans across the firm. Congratulations to the team on a successful season!
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As Senior Investment Strategist Alona Gornick shares, “The benefits of private credit shine brighter in uncertain times.” Read Alona’s Q&A with InvestmentNews below to learn why interest in the asset class is growing among retail investors and why we believe demystifying private credit is key to increasing adoption in the private wealth channel.
Interest in #privatecredit is booming. The market is expected to grow from $1.7 trillion to $2.8 trillion by 2028 according to Preqin, and retail investors will be a key driver of that expected growth. With double-digit yields, low default rates and low volatility, private credit offers retail investors a compelling opportunity to diversify their portfolios. To increase adoption among retail investors, we need two things – 1) more accessible products and 2) continuous education for #RIAs on the benefits and risks. The first is well underway. Managers are investing heavily in building accessible products for the #wealth channel with more accommodating fund structures that offer lower minimums and flexible liquidity features, avoid capital calls and issue 1099s. As fund opportunities for the private wealth channel grow, education for RIAs will be critical to properly empowering advisors to help their clients to capitalize on these new opportunities. Every day, my team at Churchill Asset Management has conversations with interested advisors where we discuss expected defaults and losses, the impact of competition on spreads and yields, key differentiators between private credit segments, liquidity flexibility and more. I’m grateful to play a small part in democratizing access to private credit. Many thanks to InvestmentNews for allowing me to share my insights on this exciting trend. Read more about this opportunity in my Q&A below. https://lnkd.in/gBd-_Uge
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We’re pleased to announce we were recognized as the USA Lender of the Year for 2024 at the Global M&A Network, LLC’s 6th Annual USA Forum & Mid-Market Atlas Awards. It’s an honor to be acknowledged for our commitment to outstanding dealmaking, experience and expertise. We’re proud of our team’s disciplined and diligent investment approach, which has a long track record of delivering flexible and reliable financing solutions to middle market private equity sponsors and their portfolio companies.
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