New York, NY, July 15, 2019 – Churchill Asset Management (“Churchill”) today announced that it has been recognized as “USA Lender of the Year” at the USA M&A Atlas Awards. Presented by the Global M&A Network, the awards honor outstanding firms, dealmakers and value-creating transactions from M&A communities across the United States.
“Churchill represents the very best of the M&A industry and earned this honor by standing out in a group of very impressive finalists,” said Shanta Kumari, CEO and Group Editor, Global M&A Network. “The firm’s lending activity in 2018, the strongest year in its history, was a key contributing factor to being selected as winner.”
Churchill’s reputation and long history as a trusted financing partner to leading middle market private equity firms and the scale of its investment platform, with over $6.5 billion in committed capital under management, led the firm to a new annual investment record of more than $2.6 billion in 51 new transactions during 2018. The firm is on track for another strong year in 2019, having closed and/or committed to over $1.6 billion in 28 new investments in the first half of 2019 (an increase of nearly 30% from the same period in 2018).
“We are very honored to receive this award, which we view as a recognition of the breadth and scale of our platform and the strong partnership approach we employ with our private equity sponsors,” said Ken Kencel, President & Chief Executive Officer of Churchill. “We look forward to continuing to provide our private equity clients with consistent, responsive and creative financing solutions while serving the goals of our investors, which include TIAA and other leading institutional investors and family offices throughout the world.”
Award recipients were judged independently by a point-indexed scoring system based on notable transactions, expertise, track record, leadership and client service. Winners were honored at an awards gala in Washington, DC on July 11, 2019.
About Churchill Asset Management
Based in New York, Churchill Asset Management LLC is a leading provider of senior and unitranche debt financing for middle market companies, particularly those backed by top-tier private equity sponsors. Churchill has $6.5 billion of committed capital under management and has broad experience in all aspects of the middle market financing business, including structuring, credit analysis, syndication, and deal monitoring and oversight. More information can be found at www.churchillam.com.
About Global M&A Network
Global M&A Network is a diversified information media and events connecting company, exclusively serving the mergers, acquisitions, institutional and alternative investing, restructuring, and turnaround communities worldwide.
Global M&A Network produces Growth + Deals Intelligence Forums as well as the world’s most prestigious “Atlas Awards”, including the independently governed M&A Atlas Awards regional programs, Women Leadership Atlas Awards and the Turnaround Atlas Awards. To engage and participate, visit www.globalmanetwork.com.
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This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Financial professionals should independently evaluate the risks associated with products or services and exercise independent judgment with respect to their clients.
Churchill Asset Management is a registered investment advisor and majority-owned, indirect subsidiary of Teachers Insurance and Annuity Association of America. Certain Nuveen products are advised by Nuveen Alternatives Advisers LLC, a registered investment advisor and wholly owned subsidiary of TIAA, and distributed by Nuveen Securities, LLC, Members FINRA and SIPC.
Investments in middle market loans are subject to certain risks. Please consider all risks carefully prior to investing in any particular strategy. These investments are subject to credit risk and potentially limited liquidity, as well as interest rate risk, currency risk, prepayment and extension risk, and inflation risk.