Senior Lending
Churchill Completes Record Year of Capital Raising and Investment Activity in 2017
NEW YORK, February 6, 2018 — Churchill Asset Management LLC (“Churchill”), a provider of senior and unitranche debt financing to middle market companies, completed significant capital raising and investment activity in 2017, closing or committing to 51 new investments totaling approximately $1.9 billion, a record for the firm, and ending the year with total committed capital under management of $4.4 billion across multiple investment vehicles.
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…
Upstream Rehabilitation
Upstream Rehabilitation
Lender
- First Lien Credit Facility
Revelstoke Capital Partners
January 2018
Charlotte Radiology
Charlotte Radiology
Co-Lead Arranger
- First Lien Credit Facility
WCAS
January 2018
Private Debt Wave Rolls On Even as Doubts Mount
NEW YORK, January 3, 2018 – And as the direct lending market matures, established managers that have grown in size may get an edge in future fundraising, says Ken Kencel, president and CEO at TIAA’s Churchill Asset Management.
“The window for newer managers to raise money is going to continue to narrow,” Kencel says. “Consultants will increasingly allocate to managers with scale.”…
Nellson Nutraceutical
Nellson Nutraceutical
Agent Tier
- First Lien Credit Facility
Kohlberg
December 2017