Co-investment
Apollo and Blackstone Are Stealing Wall Street’s Loans Business
NEW YORK, December 18, 2019 – “Direct lenders have raised significant capital to allow them to commit to larger deals,” said Randy Schwimmer, head of origination and capital markets at Churchill Asset Management. “It’s an arms race.”…
What’s Coming Next for Private Debt?
New York, November 1, 2019 – Churchill’s President & CEO, Ken Kencel, joined Private Debt Investor’s panel to discuss the future of the asset class….
Private Credit Boom Celebrated and Feared at Chicago Confab
Chicago, October 23, 2019 – Private credit’s biggest players gathered at Chicago’s Four Seasons’ hotel this week to discuss a world that’s expanded to about $776.9 billion. At the fore were concerns about cutthroat competition and deal quality….
Mechanix Wear
Mechanix Wear
Lender
- Common Stock
- Holdco Note
- Second Lien Term Loan
Gryphon Investors
October 2019
Churchill Appoints MD and Chief Accounting Officer
NEW YORK, October 1, 2019 – Churchill Asset Management has named Joe Cambareri as managing director and chief accounting officer. His appointment begins September 23, 2019. Prior to joining Churchill, Cambareri was chief financial officer at Credit Value Partners…
Negotiating Terms Up Front and Getting Comfortable with the Precedent Document is Key
NEW YORK, September 5, 2019 – Economists might be debating whether recent volatility in public equity and bond markets portend a downturn, but there’s little sign of the private equity valuations bubble bursting. Even so, credit providers are asking how asset valuation plays into covenant packages, and how terms are being negotiated…
Beyond a Downturn
NEW YORK, September, 2019 – …“While we have seen the yield curve invert a couple of times, we have not yet begun to see any related cracks in our portfolio,” says Ken Kencel, chief executive of Churchill Asset Management. “The question on everyone’s mind continues to be: what innings are we in? How long will this stage of the US economic cycle last?”…
