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Churchill Asset Management

Churchill

About Churchill Asset Management

Churchill, an investment-specialist affiliate of Nuveen, provides customized financing solutions to middle market private equity firms and their portfolio companies across the capital structure. Our solutions include first lien, unitranche, second lien and mezzanine debt, in addition to equity co-investments and private equity fund investments. With a long history of disciplined investing across multiple economic cycles, Churchill's unique origination strategy, superior execution and investment are driven by more than 140 professionals in New York City, Charlotte, Chicago, Dallas and Los Angeles drawing on the resources of one of the world's largest asset managers1 and investors in private debt2.

A leading capital provider for private equity-owned, middle-market companies

$41B
of committed capital under management
$52B+
private capital investments3
$12B
LP investments in private equity funds
400+
private equity relationships

Related insights

Who we are

16+
year cycle-tested track record
25+
years of average experience of senior management team
#2
most active direct lender4
140+
dedicated investment and support professionals
Our advantages
  1. Responsive
    Consistent and reliable partner to our private equity firm clients
  2. Flexible
    Capability to invest at all levels of the capital structure
  3. Relationship focused
    Proprietary investment opportunities from established relationships in the private equity community
  4. Aligned
    We invest materially alongside our investors, ensuring strong alignment with their interests

Our commitment to responsible investing

We believe that addressing material ESG risk and opportunity factors in the investment decision-making process helps to reduce investment risk, may enhance long-term value and ensures that investor capital is used effectively and ethically.

Our capabilities

We are unique in our ability to provide funding across all levels of the capital structure, including senior and junior debt, equity co-investments and limited partnership investments.

Senior Lending
  • Senior secured first lien loans
  • Unitranche loans
Junior capital
  • Second lien loans
  • Mezzanine loans
Private equity solutions
  • Equity co-investments
  • PE fund investments
Churchill offers a wide range of investment products to meet the varying needs of our investor clients, understanding that all investors have individual priorities, requirements and risk/return preferences.
Through an array of middle market senior and junior capital products, we provide a wide range of investment solutions to accommodate the various needs of our clients.

1Pensions & Investments, 31 May 2021. Rankings based on institutional tax-exempt assets under management as of 31 Dec 2020 reported by each responding asset manager.

2Private Debt Investor's Global Investor 30, November 2021. Rankings based 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, together with their related persons and current and former employees. Such amount also includes investments made, originated or committed to by certain senior officers of Churchill Asset Management LLC while such persons were employed at predecessor firms. Investments include committed investments that ultimately may not have been fully drawn or funded.

4Source: Direct Lending Deals 2021 League Tables.

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