Momentum Textiles and Wallcovering
Momentum Textiles and Wallcovering
Lender
- Subordinated Note
Riverside Company
March 2025
Junior Capital
Churchill Asset Management Closes Third Collateralized Fund Obligation, a 30 year $750 Million Transaction Investing across Nuveen Private Capital Strategies
New York, NY, March 27, 2025 – 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”)
Bloomberg Surveillance: Randy Schwimmer shares key takeaways from 2024 market performance
January 7, 2025 – Vice Chairman of Investor Solutions Group, Randy Schwimmer appeared on Bloomberg Surveillance to discuss inflation coming under control with interest rates, market activity and stronger tailwinds for M&A activity ahead.
Churchill Achieves Record Investment Activity in 2024
New York, January 21, 2025 – 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’s Junior Capital & Private Equity Solutions Team Completes Direct Investment Alongside Tenex Capital Management in Strategic Merger of Rose Paving with Atlantic Southern Paving
Charlotte, NC January 13, 2025 – 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’s Anne Philpott – ‘Investors will flock to junior capital to lock in long-term, fixed rate return stability’
New York, January 8, 2025 – As part of PE Hub’s ongoing series of Q&As with private equity thought leaders, we turn to Anne Philpott, managing director on the private equity and junior capital team at Churchill Asset Management, to explore the role of junior capital in buy-and-build strategies.
Direct Lenders Brace for ‘Extremely Active’ Deals, Fundraising Slog
New York, January 8, 2025 – A busy second half of 2024 for deals and a generally positive economic outlook are raising expectations among direct lending fund managers for a strong deployment jump out of the gate this year.
CNBC: Private credit boom is rooted in strong fundamentals, says Churchill’s Alona Gornick
New York, December 27th, 2024 – Churchill Managing Director and Senior Investment Strategist Alona Gornick appeared on CNBC’s “Fast Money” to discuss the current state of the private credit industry and the strong fundamentals driving its growth.