1Pensions & Investments, 6 Jun 2022. Rankings based on total worldwide assets as of 31 Dec 2021 reported by each responding asset manager.
2Private Debt Investor Magazine’s Global Investor, 1 Nov 2022. Rankings based on the world’s largest institutional private debt investors based on the market value of private debt portfolios.
3The amount of ‘private capital investments’ shown above includes investments made, originated or committed to by Churchill Asset Management LLC and its affiliates, including TIAA, since 2011 (with respect to its Private Equity and Junior Capital platform) and since 2015 (with respect to its Senior Lending platform). Investments include committed investments that ultimately may not have been fully drawn or funded.
4Source: PitchBook's Q3 2022 U.S. PE Lending League Tables.