Scale and a powerful sponsor network awards Churchill robust deal flow that is pre-vetted by top quartile sponsors1.”
Jason Strife
Head of Junior Capital and Private Equity Solutions
Investment criteria
Junior Capital
Structured Capital
Company size (EBITDA)
$10 - $100 mm
$10 - $100 mm
Target position size
$10 - $100 mm
$10 - $75 mm
Capabilities
- 2nd lien
- Subordinated notes
- PIK HoldCo notes
- Preferred equity
- Customized structures
Insight
White paper
Debunking junior capital myths
Myths about the use and risk profile of junior capital often stem from misconceptions that overlook the protections that experienced, disciplined lenders put in place…
Streamlined investment process:
Originate
Evaluate opportunities from leading private equity sponsors and deal intermediaries.
Analyze
Conduct initial company and industry analysis, prepare preliminary financial models, and form a view on debt structure.
Early deal discussion
Engage in management meetings, perform exploratory financial due diligence, and assess industry trends, competitive landscape, and transaction structure.
Investment committee
Conduct diligence in key areas, review third-party research, arrange industry calls, and evaluate financial and operational resilience. Present to investment committee for final approval.
Closing
Negotiate and finalize legal documentation, manage the capital funding process, and ensure a seamless transition into portfolio monitoring.
Originate
Analyze
Early deal discussion
Investment committee
Closing
Recent transactions
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Hometown Food Company
Hometown Food Company
Lender
- Second Lien Term Loan
Brynwood Partners
June 2025
-
Columbia Home Services
Columbia Home Services
Lender
- Equity
- Subordinated Note
Tenex Capital Management
May 2025
-
Momentum Textiles and Wallcovering
Momentum Textiles and Wallcovering
Lender
- Subordinated Note
Riverside Company
March 2025
-
News & Press
Nuveen Private Capital, Hunter Point Capital and Temasek Announce Strategic Partnership
New York, NY, September 3, 2025 – Nuveen Private Capital, comprising U.S. and European asset managers Churchill Asset Management and Arcmont Asset Management, has entered into a strategic partnership with Hunter Point Capital (“HPC”), an independent investment firm that provides capital solutions and strategic support to alternative asset managers, and Temasek, a global investment company headquartered in Singapore. HPC and Temasek are making minority investments in Nuveen Private Capital and Temasek will provide long-term capital commitments to the platform’s new and existing strategies…
Churchill Asset Management Appoints Michael Foley as Head of Institutional
New York, August 27, 2025 – Churchill Asset Management LLC, an investment specialist of Nuveen, announced the appointment of Michael Foley as Senior Managing Director, Head of Institutional. Mr. Foley will be responsible for leading Churchill’s institutional fundraising strategy, strengthening existing and building new client relationships globally. He will report to President & CEO Ken Kencel and sit on the firm’s Operating Committee…
Randy on Bloomberg TV’s “The Close” with Romaine Bostick
New York, July 7, 2025 – Randy Schwimmer – Vice Chairman, Investor Solutions Group – joined Bloomberg TV’s “The Close” to discuss findings from Churchill’s mid-year private equity survey and the opportunity in the traditional middle market today.