NEW YORK, June 12, 2017 – Higher prices paid to buy the original portfolio company are making it tough for private equity managers to achieve the returns they need to earn their share of profits when they exit the investment, said Randy Schwimmer, a New York-based senior managing director and head of origination and capital markets at private equity firm Churchill Asset Management LLC.
NEW YORK, May 9, 2017 – Investors’ loans appetite and lack of supply allows companies to drive harder bargains.
CHICAGO, May 2, 2017 – Randy Schwimmer, Head of Origination and Capital Markets, Churchill Asset Management, discusses the state of the middle market loan environment, including changes in loan distribution dynamics and deal structure trends.
GOLD COAST, AUSTRALIA, March 23, 2017 – Long-term investors will need a tight hold on costs and conviction to follow a well-defined investment strategy that delivers returns from challenging markets in the years ahead.
NEW YORK, January 24, 2017 – 2017 could be a pivotal year if pro-business policy changes under the Trump administration are enacted, with themes of fiscal stimulus, lower taxes, and less regulation representing potential tailwinds for the middle market. Lender sentiment is positive on the heels of a robust year in middle market loan fund raising, with economic growth, strong public equity valuations, and a healthy debt market expected to provide a backdrop for a more opportunistic M&A environment. In Brown Gibbons Lang & Company’s (BGL) annual roundtable survey, middle market lenders share insight on developing trends in the financing markets and their outlook for 2017.
NEW YORK, January 6, 2017 – David Heilbrunn has joined Churchill Asset Management as senior managing director and head of product development and capital raising, spokeswoman Sarah Pritchard said. The position is new. Mr. Heilbrunn will be responsible for all strategy development and equity and debt capital raising, including managing the firm’s financing activities and collateralized loan obligation business. He will work closely with and support the broader business development teams at parent company TIAA Global Asset Management in coordinating the firm’s overall structuring and capital-raising efforts.
NEW YORK, January 6, 2017 – David Heilbrunn, who had worked at the firm’s predecessor, will be tasked with managing both debt and equity fundraising.
NEW YORK, October 17, 2016 – Churchill Asset Management announced that Leland Richards has joined the firm as a managing director. The appointment will be effective October 2016 and Richards will report to Senior Managing Director and Head of Origination and Capital Markets Randy Schwimmer.
NEW YORK, October 14, 2016 – Churchill Asset Management announced that Leland Richards has joined the firm as a managing director. The appointment will be effective October 2016 and Richards will report to Senior Managing Director and Head of Origination and Capital Markets Randy Schwimmer.
NEW YORK, September, 2016 – As the private mid-market debt asset class grows, choosing the right lending partnerships and financing diversification are uppermost in the minds of some of the market’s leading operators. Andrew Hedlund sat down with seven US private debt experts to find out more.