Articles

Mergers & Acquisitions – CLOs are huge draw for income-hungry investors, says Churchill CEO Ken Kencel

New York, May 14, 2018 – Following on the heels of a record year of capital raising, debt financing provider Churchill Asset Management recently closed a $300 million collateralized loan obligation fund, Churchill Middle Market CLO IV. Churchill is part of Nuveen, the asset management division of TIAA. Overall, Churchill manages more than $4.4 billion in committed capital. We asked CEO Ken Kencel about his firm’s investment approach and thoughts on middle-market lending…

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Private Debt Investor – Middle-Market Lending Report

London, May 1, 2018 – Three years after joining TIAA-owned Nuveen, Churchill Asset Management’s president and CEO Ken Kencel and head of origination and capital markets Randy Schwimmer continue to make their mark by drawing on their deep industry roots and extensive network of relationships…

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Bloomberg Daybreak Asia – Private Capital Returning Good Yield at Present

NEW YORK, April 10, 2018 – Randy Schwimmer, Head of Origination & Capital Markets at Churchill Asset Management, joined Doug Krizner and David Ingles to discuss the impact of volatility on private credit. He looks into the rising rate environment and the hunt for yield.

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Bloomberg Markets AM – Focus On PE Sponsors As Private Debt Prices Surge

NEW YORK, March 5, 2018 – Randy Schwimmer, Head of Origination & Capital Markets at Churchill Asset Management, on trends in the middle-market private credit space, drivers of direct lending growth and fee trends…

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S&P Global Market Intelligence – LCD Middle Market Review

NEW YORK, January 18, 2018 – “Two years ago, a larger middle market company with $75–100 million of EBITDA would most likely raise capital from the private markets with a club execution. Today, that same company can execute a syndicated deal with banks that will underwrite and sell it to CLOs and mutual funds—at higher leverage, lower pricing, and covenant-lite,” says Ken Kencel, CEO of Churchill…

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LevFin Insights – LFI Mid-Market Weekly Insights 1/5/18

NEW YORK, January 5, 2018 – The middle market finished 2017 on a high note (See LFI Mid-Market Quarterly Insights 4Q17: Sponsored volume finishes strong, lenders expect a repeat in 2018). Competition and doc deterioration are top concerns for 2018, and will push some investors deeper into the lower middle market…

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