A Goldilocks Moment for Private Credit
New York, September 3, 2018 – Even at this stage in the cycle, industry experts say conditions in the US private debt market are just right for LPs seeking to fill that sweet spot in their portfolio…
Co-investment
Churchill Asset Management Adds Senior Origination Professionals
New York, August 1, 2018 — Churchill Asset Management LLC (“Churchill”), a majority-owned affiliate of Nuveen focused on originating, underwriting and managing middle market senior loan investments, announced today that Amit Bhatia, Jeff Rabaut and Tarek Srouji have joined the firm as Principals and members of Churchill’s Sponsor Coverage team. The appointments are effective immediately and all will report to Randy Schwimmer, Senior Managing Director and Head of Origination and Capital Markets…
Why CLOs are On the Rise
New York, July 11, 2018 – Diversification, friendlier regulations and high barriers to entry are among the reasons these securitised products are becoming a bigger part of the private debt universe. View this short presentation to find out more…
BDCs Turn to CLO Financing as Effective Alternative to Bilateral Leverage Agreements
London, July 5, 2018 – The traditional source and structure of BDC leverage has evolved over time. Today, in addition to bilateral financing (corporate revolvers, asset-based facilities, etc), CLO structures can serve as an attractive source of long-term, attractively priced leverage, especially for BDCs anchored in diverse portfolios of senior secured middle-market loans, says David Heilbrunn, senior managing director and head of product development and capital raising at Churchill…
Sizing Up the Middle
London, July 1, 2018 – CLOs offer attractive alternatives for investors looking to gain exposure to
mid-market debt. David Heilbrunn, Churchill Asset Management’s head of product development and capital raising, and Shai Vichness, the company’s chief financial officer, give us their insights…
The Expanding Middle
London, June 29, 2018 – “Churchill’s origination strategy is centred on the direct coverage of the US middle market private equity community,” says Ken Kencel, president and CEO of Churchill Asset Management LLC. “Our strategy is augmented by direct coverage of our key co-lenders. This dualsourcing approach ensures that Churchill can select its investments from the widest array of potential opportunities.”…
No Return for Banks to US Lower Mid-market Debt
Munich, June 22, 2018 – The US banks that withdrew from the lower mid-market in the wake of the financial crisis are unlikely to make a comeback, according industry experts speaking at PDI Germany forum in Munich this week…
Burned by the Fed? Bond Buyers Have an Unlikely Haven
Hong Kong, June 13, 2018 – …middle-market loans are often senior and secured, a world apart from covenant-light corporate bonds. In addition, because of their smaller size, such companies can only borrow only up to five times their underlying cash flow, versus six times or more for larger firms, says Ken Kencel, president and CEO of Churchill Asset Management LLC…