Churchill Asset Management

It’s been an exciting week for Churchill at SuperReturn International in Berlin. On Tuesday, CEO Ken Kencel took the stage to co-chair the Private Debt Summit with our Nuveen Private Capital partner Anthony Fobel, CEO of Arcmont Asset Management. Anthony set the tone for the day with a strong opening address, and the pair engaged the audience with polling and segues into in-depth conversations on the current and future state of Private Credit. Ken also appeared on a panel with industry peers titled, “Mid Market lending trends: durability, flexibility, and steady growth in volatile markets.” We capped off the conference by co-hosting a reception with our partners at Hunter Point Capital LP, L Catterton, Arcmont Asset Management and Nuveen, a TIAA company. We enjoyed connecting with leading LPs and GPs across the industry – thank you to our 400+ attendees for joining us! #SuperReturn

Today, we celebrate the birth of our country and honor those who have sacrificed for our nation’s independence. As we reflect in gratitude, we wish all of our colleagues and partners a joyful and restful weekend with their loved ones.

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!

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. 

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.

What factors will determine success for managers in today’s private credit market? Scale, track record, alignment with investors and a differentiated sourcing model.    President & CEO Ken Kencel spoke with Citywire at the recent SuperReturn International Conference in Berlin about manager selection as private credit demand continues to rise. Read more of his insights below.

We had a great turnout for our firmwide Pride Month live learning session, with team members gathering in our NYC office and virtually nationwide. With CultureAlly representatives as our guides, we discussed ways for allyship to take shape in the workplace, including listing pronouns, using inclusive language and respecting chosen names and identities. Afterwards, our New York City office hosted a celebration with sweet treats, and a portion of the proceeds will be donated to The Lesbian, Gay, Bisexual & Transgender Community Center.

We are proud to share that Managing Director & Head of Secondaries Nicholas Lawler is a recipient of The M&A Advisor’s 15th Annual Emerging Leaders Award. Nick joined Churchill in 2022 to formally launch our secondaries platform, which now manages over $1.5 billion of committed capital across GP-led and LP-led programs (as of March 31, 2024).   Jason Strife, Head of Junior Capital & Private Equity Solutions, shared, “Nick has been instrumental in building and leading our secondaries strategy, offering our private equity partners bespoke liquidity solutions that complement our comprehensive range of private capital offerings. His creativity, expertise and relationships have been instrumental to our business amid an exciting time for the secondaries asset class.”   Please join us in congratulating Nick on this honor!   ► Learn more here: https://lnkd.in/e4-jvkt5

Direct lenders vs. banks. Will the trend of private credit taking share from the broadly syndicated loan market continue to be an unstoppable force, or is the pendulum swinging back toward the banks? Vice Chairman and Co-Head of Senior Lending Randy Schwimmer shared his perspective this week on the opening panel at Debtwire’s Private Credit Forum. As Randy shared at the forum, private credit and banks play different and complementary roles in the financing ecosystem. While there is competition – particularly in the upper middle market - we’re also often providing financing in concert.

Today, we commemorate a pivotal moment in our nation's history and celebrate the leaders who were instrumental in ending slavery. At Churchill, we celebrate Juneteenth and the journey toward freedom and equality, while we stand in solidarity with those still facing challenges.   #Juneteenth