NEW YORK, July 27, 2015 – Churchill Asset Management LLC (“Churchill”), a majority-owned subsidiary of TIAA-CREF focused on originating, underwriting and managing senior loan investments, today appointed Christopher Cox as a Senior Managing Director and Chief Risk Officer. The appointment is effective immediately.
NEW YORK, July 9, 2015 – The untimely passing last month of Jimmy Lee, JP Morgan Chase’s vice-chairman, at the age of 62, left many in the banking world reflecting on the legacy of a man who changed the face of buy-out finance. But it gave us the opportunity as well to consider the state of the industry he leaves behind.
NEW YORK, June, 2015 – Middle-market companies demand debt capital. With traditional lenders departing the space, a few select groups have ramped up their involvement – including the recently combined forces of TIAA- CREF and Churchill Asset Management. To discuss market dynamics and company culture, CIO Editor- in- Chief Kip McDaniel recently sat with Ken Kencel (President & CEO, Churchill), Randy Schwimmer (Head of Origination & Capital Market, Churchill), Brian Roelke (Head of Corporate Finance Originations, TIAA- CREF), and Shai Vichness (Head of Senior Leveraged Lending, TIAA- CREF).
NEW YORK, June 11, 2015 – It’s been called the most mispriced security on Wall Street. It’s also the least-known casualty of bank regulatory reform. Welcome to the revolving credit facility.TIAA- CREF).
Lender
June 2015
Lender
June 2015
NEW YORK, May 7, 2015 – Leveraged lending guidelines have set six times total leverage as the limit above which a loan would likely be criticised by examiners. Less noted by the media, but of growing interest to market players, are the components of leverage metrics: specifically, how the numerator (debt) and the denominator (earnings) are being massaged to put the best face on increasingly leveraged transactions.
NEW YORK, April 8, 2015 – TIAA-CREF, a leading financial services provider, today announced the launch of Churchill Asset Management LLC (www.churchillam.com ), a new majority-owned subsidiary focused on originating, underwriting and managing senior loan investments, primarily in U.S. middle-market companies. Terms of the transaction were not disclosed.
