Our team had a busy start to the year! As the economic outlook became clearer and interest rates stabilized, we saw a substantial increase in attractive investment opportunities while continuing to maintain a high level of selectivity. We successfully closed approximately $7 billion in transactions and raised over $5.6 billion of new committed capital. ► For more activity highlights, read our mid-year report here: https://lnkd.in/eA2FtEb8
Churchill Asset Management
Financial Services
New York, NY 20,957 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 more than 190 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
-
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
-
The prevailing theme in the private credit market today is “selectivity and discipline,” according to Head of Origination Kevin Meyer, MBA. Scale and long-term private equity relationships are key to accessing a wide funnel of attractive deal flow, and teams that have invested through multiple economic cycles together are often best suited to select the winners from the losers. Kevin shared more about what trends he is seeing in the market and his expectations for deal activity in the second half of the year with 9fin. ► Scroll to page 7 to read his commentary.
-
How does our role as both a large investor and financing provider give us differentiated access to deal flow? President & CEO Ken Kencel explains below ⬇️
-
Increasing interest from financial advisors and their clients in private credit is opening new doors for portfolio diversification and income generation. Here’s what advisors need to know to navigate opportunities in the space right now: ✔️Risks & Opportunities – Defaults in private credit do not necessarily mean losses, especially in direct lending strategies where constructive resolution and recoveries are feasible. ✔️Evolving Products – More accessible private credit products featuring lower minimums, flexible liquidity features and simpler tax reporting via 1099 forms will likely drive significant growth in the sector. ✔️The Road Ahead – Retail investor allocations are beginning to mirror trends seen among institutional portfolios, which often allocate 20-25% to alternatives. ► Alona Gornick shares more on how RIAs can harness the power of private credit in WealthManagement.com: https://lnkd.in/eWGRYrfb
-
-
Congratulations to Samantha Rapaport, Vice President, Investor Relations & Product Development, for being named one of Fund Finance Association ’s 2024 Rising Stars! Sam has certainly made her mark on the firm, playing a pivotal role in advancing key business objectives with an air of professionalism, dedication and outstanding attention to detail. Known for her collaborative spirit and positive attitude, we’re proud to see Sam recognized among the young leaders making remarkable contributions to the industry. ► Learn more about Sam and the other 2024 Rising Star award recipients here: https://lnkd.in/dab8cWbj For award methodology, visit: https://lnkd.in/gqiPxgdR. No fees were paid to be considered for this award.
-
-
Churchill Asset Management reposted this
Private credit is here to stay, and it plays an essential role in providing financing solutions to privately held businesses. Learn more in our latest #Nuveenin90 with Laura Stolfi, Managing Director, Senior Investment Strategist at Churchill Asset Management.
-
Private credit is not a one-size-fits-all solution. From direct lending to distressed debt, the sector is comprised of several unique investment opportunities, but foundationally, each strategy is simply a private loan that’s directly negotiated between a borrower and a non-bank source of capital. Senior Investment Strategist Alona Gornick joined Brad Smith on Yahoo Finance to explain the fundamentals of the asset class and how investors are increasingly utilizing private credit to achieve their investment objectives. ► Tune in here: https://lnkd.in/gSGF93X2
-
-
As private credit continues to take market share in debt capital markets, questions over its durability persist. However, not all #privatecredit is created equal. In a new whitepaper, Vice Chairman, Investor Solutions Randy Schwimmer outlines key considerations throughout the lifespan of a loan to identify private credit managers with transparent, disciplined investment processes and expertise in specific market segments. ► Swipe below to learn more, and read the full piece on our website: https://lnkd.in/eymgacrh
-
Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) today hosted its earnings call for the second quarter of the 2024 fiscal year. ► Click here to read the full earnings report: https://lnkd.in/eU9D3j46
-
-
What’s next for private credit? Managing Director & Senior Investment Strategist Alona Gornick presented on stage at CAIS Live in Chicago to address advisors’ frequently asked questions about the US middle market and outline what sets Churchill apart from other private capital providers. Here’s a quick recap of the discussion: • Will growth continue? Private equity fundraising has outpaced middle market private debt fundraising, creating a “dry powder” gap and driving sustainable demand. • Higher interest, higher defaults? Private credit defaults have remained low during the last two years of rising rates, and future rate cuts should serve as a tailwind for private credit. • Is the space crowded? The competitive landscape is becoming more defined as managers navigate market pressures.
-