Churchill Asset Management in the News

Private Debt Investor – Why CLOs are On the Rise

New York, July 11, 2018 – Diversification, friendlier regulations and high barriers to entry are among the reasons these securitised products are becoming a bigger part of the private debt universe. View this short presentation to find out more…

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Creditflux – BDCs Turn to CLO Financing as Effective Alternative to Bilateral Leverage Agreements

London, July 5, 2018 – The traditional source and structure of BDC leverage has evolved over time. Today, in addition to bilateral financing (corporate revolvers, asset-based facilities, etc), CLO structures can serve as an attractive source of long-term, attractively priced leverage, especially for BDCs anchored in diverse portfolios of senior secured middle-market loans, says David Heilbrunn, senior managing director and head of product development and capital raising at Churchill…

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Private Debt Investor – Sizing Up the Middle

London, July 1, 2018 – CLOs offer attractive alternatives for investors looking to gain exposure to
mid-market debt. David Heilbrunn, Churchill Asset Management’s head of product development and capital raising, and Shai Vichness, the company’s chief financial officer, give us their insights…

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Creditflux – The Expanding Middle

London, June 29, 2018 – “Churchill’s origination strategy is centred on the direct coverage of the US middle market private equity community,” says Ken Kencel, president and CEO of Churchill Asset Management LLC. “Our strategy is augmented by direct coverage of our key co-lenders. This dualsourcing approach ensures that Churchill can select its investments from the widest array of potential opportunities.”…

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Private Debt Investor – No Return for Banks to US Lower Mid-market Debt

Munich, June 22, 2018 – The US banks that withdrew from the lower mid-market in the wake of the financial crisis are unlikely to make a comeback, according industry experts speaking at PDI Germany forum in Munich this week…

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Bloomberg – Burned by the Fed? Bond Buyers Have an Unlikely Haven

Hong Kong, June 13, 2018 – …middle-market loans are often senior and secured, a world apart from covenant-light corporate bonds. In addition, because of their smaller size, such companies can only borrow only up to five times their underlying cash flow, versus six times or more for larger firms, says Ken Kencel, president and CEO of Churchill Asset Management LLC…

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ACG New York – 8th Annual Champion’s Awards

New York, May 29, 2018 – Churchill Asset Management has been nominated as Lender of the Year at the ACG NY’s 8th Annual Champion’s Awards…

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Mergers & Acquisitions – CLOs are huge draw for income-hungry investors, says Churchill CEO Ken Kencel

New York, May 14, 2018 – Following on the heels of a record year of capital raising, debt financing provider Churchill Asset Management recently closed a $300 million collateralized loan obligation fund, Churchill Middle Market CLO IV. Churchill is part of Nuveen, the asset management division of TIAA. Overall, Churchill manages more than $4.4 billion in committed capital. We asked CEO Ken Kencel about his firm’s investment approach and thoughts on middle-market lending…

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Private Debt Investor – Middle-Market Lending Report

London, May 1, 2018 – Three years after joining TIAA-owned Nuveen, Churchill Asset Management’s president and CEO Ken Kencel and head of origination and capital markets Randy Schwimmer continue to make their mark by drawing on their deep industry roots and extensive network of relationships…

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Bloomberg Daybreak Asia – Private Capital Returning Good Yield at Present

NEW YORK, April 10, 2018 – Randy Schwimmer, Head of Origination & Capital Markets at Churchill Asset Management, joined Doug Krizner and David Ingles to discuss the impact of volatility on private credit. He looks into the rising rate environment and the hunt for yield.

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