Articles from Churchill Asset Management LLC

Churchill Asset Management LLC, an investment-specialist of Nuveen, has closed its third collateralized fund obligation, NPC SIP 2024-1 (the “Long Duration Bond” or “LDB”). The $750 million transaction is structured as a long-duration bond and invests across the flagship strategies of Churchill and Arcmont Asset Management Limited, the operating businesses of Nuveen Private Capital (“NPC”), including:

Churchill Asset Management LLC, the U.S. private capital investment-specialist of Nuveen, announced the closing of a $750 million middle market collateralized loan obligation (“CLO”), Churchill Middle Market CLO V LLC (“CLO V”), on February 25, 2025. This transaction represents the first CLO that Churchill priced in 2025 and the fifteenth CLO issued by Churchill.

Churchill Asset Management LLC, the U.S. private capital investment-specialist of Nuveen, announced the firm closed or committed over $13 billion across approximately 400 transactions in 2024, surpassing its previous annual record in 2022 by 18%. Further, Churchill raised over $10 billion, bringing firmwide committed capital to $52 billion1 from more than 4,000 institutional, family office and high-net worth investors globally and representing the firm’s second-largest third-party fundraising year to date.

Churchill Asset Management LLC (“Churchill”), an investment-specialist of Nuveen that provides customized financing solutions to U.S. middle market-focused private equity sponsors and their portfolio companies, announced a second lien debt and minority equity investment to support Tenex Capital Management (“Tenex” or the “Sponsor”) in the strategic merger of Rose Paving (“Rose”) with Atlantic Southern Paving (“ASP”).

Churchill Asset Management LLC (“Churchill”), an investment-specialist of Nuveen that provides customized financing solutions to U.S. middle market-focused private equity sponsors and their portfolio companies, was recognized among the 2024 “Best Places to Work in Money Management” by Pensions & Investments (P&I) magazine.

Churchill Asset Management LLC (“Churchill” or the “Firm”), an investment specialist of Nuveen, announced today that it was named 2024 “Lender Firm of the Year” by The M&A Advisor. The Firm was honored at the 23rd Annual M&A Advisor Awards Gala held in New York City on November 20, 2024.

Churchill Asset Management LLC (“Churchill” or the “Firm”), an investment specialist of Nuveen, announced today that Anne Philpott, Managing Director, Junior Capital & Private Equity Solutions (“PEJC”), has been named to WSJ Pro Private Equity’s 2024 Women to Watch List.

Nuveen Churchill Private Capital Income Fund (“PCAP”) and Nuveen Churchill Private Credit Fund (“NCPCF”) today announced that they have entered into a purchase and sale agreement pursuant to which NCPCF will sell to PCAP substantially all of its assets, PCAP will assume NCPCF’s liabilities, and, following the closing of the transaction, NCPCF will begin to wind down its investment operations. The transaction is subject to approval by NCPCF’s shareholders and other customary closing conditions. The boards of trustees of both PCAP and NCPCF have unanimously approved the purchase and sale agreement and the transaction contemplated thereby.

Churchill Asset Management LLC (“Churchill” or the “Firm”), an investment specialist of Nuveen, was named the 2024 “Private Markets Manager of the Year” at the Local Authority Pension Funds (LAPF) Investment Awards. This was the second time the Firm received this accolade, having also won in 2021.

Nuveen Private Capital, which is comprised of U.S. and European asset managers Churchill Asset Management and Arcmont Asset Management, today announced it was named 2024 “Lender Firm of the Year” in the 15th Annual International M&A Awards. The team will be honored at an awards gala on Tuesday, September 24th in New York City.

Churchill Asset Management (“Churchill” or the “Firm”) today announced that it served as Joint Lead Arranger and Administrative Agent for a senior secured credit facility to support the acquisition of Insulation Technology Group (“ITG” or the “Company”) by TJC, LP (“TJC”).

Churchill Asset Management LLC (“Churchill” or the “Firm”), an investment specialist of Nuveen, announced that Robert Paun has joined the Firm as Managing Director, Head of Investor Relations, Retail & Wealth. In this new role, Robert will lead the investor relations strategy, management and execution of the Firm’s regulated funds, while focusing on growing Churchill’s private wealth offerings and expanding access to its award-winning middle market private capital platform. He will be based in the Firm’s New York City headquarters and report directly to David Heilbrunn, Senior Managing Director and Co-Head of Churchill's Investor Solutions Group.

Churchill Asset Management and Arcmont Asset Management, the U.S. and European asset management companies of Nuveen Private Capital, today announced the continued expansion of their U.S. client coverage capabilities with the appointment of Marc Gonyea and Chris Davis as Managing Directors. Mr. Gonyea and Mr. Davis will be exclusively focused on partnering with institutional investors in the U.S. Midwest and West Coast, respectively, and developing tailored private credit solutions to meet their needs.

Churchill Asset Management LLC (“Churchill”), an investment-specialist affiliate of Nuveen focused on middle market private debt and private equity solutions, and Dawson Partners (“Dawson”), a global alternative asset manager focused on providing innovative structured solutions to the private markets, today announced the closing of a $425 million transaction.

Churchill Asset Management (“Churchill” or the “Firm”) today announced that it served as Sole Lead Arranger for a first lien credit facility to support the acquisition of Handgards (the “Company”) by Wynnchurch Capital, L.P. (“Wynnchurch").

Churchill Asset Management LLC, an investment specialist of Nuveen that provides customized financing solutions to U.S middle market-focused private equity sponsors and their portfolio companies, announced today that Randy Schwimmer, Senior Managing Director and Co-Head of Senior Lending, has been named the 2023 “Thought Leader of the Year” by the Alliance of Mergers & Acquisitions Advisors (AM&AA). The prestigious award recognizes leaders in the private middle market community who create and advocate innovative ideas that add value to the M&A marketplace.

Churchill Asset Management LLC, an investment specialist of Nuveen that provides customized financing solutions to U.S middle market-focused private equity sponsors and their portfolio companies, today announced the closing of a $400 million middle market collateralized loan obligation (“CLO”), Churchill MMSLF CLO III, on January 24, 2024.

Churchill Asset Management LLC, an investment-specialist affiliate of Nuveen providing customized financing solutions to private equity firms and their portfolio companies, announced that the firm closed or committed more than $11 billion in over 350 transactions across its platform in 2023, effectively equaling its 2022 all-time record. Churchill also raised nearly $9 billion of new committed capital, bringing firmwide committed capital to over $50 billion from more than 2,000 institutional, family office and high-net worth investors globally.

Churchill Asset Management LLC, an investment-specialist affiliate of Nuveen providing customized financing solutions to private equity firms and their portfolio companies, today announced its 2024 promotion class. Positioning the firm for continued growth, six senior professionals have also been added to Churchill’s Operating Committee, which oversees day-to-day operational matters, and a new Executive Committee has been established (reporting to the CEO), responsible for management of the firm and setting overall strategic direction for the business.

Churchill Asset Management LLC, an investment-specialist of Nuveen that provides customized financing solutions to private equity firms and their U.S. portfolio companies, has closed its second collateralized fund obligation (“CFO”). The $190 million CFO will invest across the flagship strategies of Churchill and Arcmont Asset Management Limited, the operating businesses of Nuveen Private Capital, including U.S. senior lending, junior capital and equity co-investment, as well as European direct lending and capital solutions.

AustralianSuper, Australia’s largest superannuation fund, today announced it has increased the program size of its partnership with Churchill Asset Management, an investment specialist affiliate of Nuveen, to US$1.5 billion.

Churchill Asset Management LLC (“Churchill”), an investment-specialist of Nuveen that provides customized financing solutions to U.S. middle market-focused private equity sponsors and their portfolio companies, was recognized today among the 2023 “Best Places to Work in Money Management” by Pensions & Investments (P&I) magazine.

Churchill Asset Management LLC, an investment-specialist affiliate of Nuveen, today announced that Anne Philpott, Managing Director, Junior Capital & Private Equity Solutions (PEJC), was named to Mergers & Acquisitions’ 8th Annual Most Influential Women in Mid-Market M&A list. The list recognizes dealmakers who have significant influence inside their companies and in the wider middle market dealmaking sector, and who possess an ongoing commitment to advance the state of women in financial services.

Churchill Asset Management LLC, an investment-specialist affiliate of Nuveen providing customized financing solutions to private equity firms and their portfolio companies, today announced its 2022 investment and capital raising activity, notable firm highlights and company-wide promotions.

Churchill Asset Management LLC, an investment-specialist of Nuveen, today announced that it has completed fundraising for Churchill Junior Capital Opportunities Fund II (the “Fund”) with $737 million of limited partner commitments, exceeding its original target of $500 million and well above the size of its $300 million predecessor fund.

Churchill Asset Management LLC (“Churchill”), an investment-specialist of Nuveen that provides customized financing solutions to U.S. middle market-focused private equity sponsors and their portfolio companies, was recognized today among the 2022 “Best Places to Work in Money Management” by Pensions & Investments (P&I) magazine.

Churchill Asset Management LLC (“Churchill” or the “Firm”), an investment-specialist of Nuveen, announced today that it has raised over $12 billion in third-party committed capital for the Firm’s most recent senior lending program.

Churchill Asset Management LLC (“Churchill” or the “Firm”), an investment-specialist of Nuveen which provides customized financing solutions to private equity firms and their portfolio companies, today announced that Carol Loundon has been appointed Deputy Chief Risk Officer.

Churchill Asset Management LLC, an investment-specialist affiliate of Nuveen providing customized financing solutions to private equity firms and their portfolio companies, announced that Nick Lawler has joined as Managing Director and Head of Secondaries. He is responsible for leading the Firm’s new secondaries strategy and investing across the secondaries landscape. Mr. Lawler is based in Churchill’s Chicago office and reports directly to Jason Strife, Head of Junior Capital & Private Equity Solutions.

Churchill Asset Management LLC, an investment-specialist affiliate of Nuveen providing customized financing solutions to private equity firms and their portfolio companies, today announced that Jessica Tannenbaum, Principal of Investor Relations and Marketing, is among the recipients of The M&A Advisor’s 13th Annual Emerging Leaders Awards. The awards celebrate the accomplishments of mergers and acquisitions, financing and turnaround professionals, whose significant level of success while still under the age of 40 establishes them as emerging leaders in the industry.

Churchill Asset Management LLC (“Churchill” or the “Firm”), an investment-specialist of Nuveen that provides customized financing solutions to private equity firms and their portfolio companies, today announced the closing of its inaugural collateralized fund obligation (“CFO”). The $700 million CFO will invest across Churchill’s flagship private capital fund strategies – senior lending, junior capital, equity co-investment and private equity fund commitments.

Churchill Asset Management LLC, an investment-specialist affiliate of Nuveen providing customized financing solutions to private equity firms and their portfolio companies, today announced that Kelli Marti, Senior Managing Director and Head of CLO Management, has been named as one of Private Equity International’s “Women of Influence in Private Markets” in the private debt category.

Churchill Asset Management LLC, an investment-specialist of Nuveen which provides customized financing solutions to private equity firms and their portfolio companies, announced that Mickey Weatherston has joined the Firm as Principal, Head of Sustainability and ESG Integration. He is based out of Churchill’s New York City headquarters and reports directly to Christopher Cox, Chief Risk Officer.

Churchill Asset Management LLC, an investment-specialist of Nuveen which provides customized financing solutions to private equity firms and their portfolio companies, announced today that Jason Quinn has joined the firm as Managing Director, Origination. Mr. Quinn will be responsible for strategically developing and maintaining private equity sponsor relationships and sourcing senior lending opportunities in the western region of the United States. He will lead Churchill’s new Los Angeles office and report directly to Randy Schwimmer, Churchill’s Co-Head of Senior Lending.

Churchill Asset Management LLC, an investment-specialist affiliate of Nuveen providing customized financing solutions to private equity firms and their portfolio companies, was named the 2021 “Private Markets Manager of the Year” at the Local Authority Pension Funds (LAPF) Investment Awards.

Churchill Asset Management LLC, an investment-specialist of Nuveen which provides customized financing solutions to private equity firms and their portfolio companies, is pleased to announce that Bennett (Ben) Love has joined the firm as Principal and Head of Fund Finance.

Churchill Asset Management LLC (“Churchill”), an investment-specialist of Nuveen that provides customized financing solutions to U.S. middle market-focused private equity sponsors and their portfolio companies, was recognized today among the 2021 “Best Places to Work in Money Management” by Pensions & Investments (P&I) magazine.

Churchill Asset Management LLC (“Churchill” or the “Firm”), an investment specialist of Nuveen that provides customized financing solutions to U.S. middle market-focused private equity sponsors and their portfolio companies, today announced the closing of a $750 million middle market collateralized loan obligation (“CLO”), Churchill Middle Market CLO III Ltd. (“CLO III”) on November 4, 2021.

Churchill Asset Management LLC (“Churchill” or the “Firm”), an investment-specialist affiliate of Nuveen that provides customized financing solutions to U.S middle market focused private equity sponsors and their portfolio companies, today announced a significant investment into its Private Equity platform with the closing of two new funds totaling approximately $1.5 billion of committed capital. Churchill Secondary Partners, L.P. (the “Secondary Fund”) and Churchill Co-Investment Partners, L.P, (the “Co-Investment Fund”) were established in partnership with Ardian, a world-leading private investment house, as part of a strategic transaction that expanded institutional investor access to Churchill’s private equity platform.

Churchill Asset Management LLC (“Churchill” or the “Firm”), an investment-specialist affiliate of Nuveen providing customized financing solutions to private equity firms and their portfolio companies, has been named “USA Lender of the Year” for the third consecutive year by the Global M&A Network’s USA M&A Atlas Awards. The award comes on the heels of Churchill’s record capital raising and investment activity in 2020, with the Firm garnering over $6.4 billion of new committed capital and closing and/or committing more than $6 billion in new investments.