Churchill Asset Management in the News
Pensions & Investments – In search for growth, private equity firms go shopping
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.
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FINANCIAL TIMES – PRIVATE EQUITY INDUSTRY HAS UPPER HAND IN WAVE OF LOAN REPRICINGS
NEW YORK, May 9, 2017 – Investors’ loans appetite and lack of supply allows companies to drive harder bargains.
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Fitch Ratings – Review of the Loan Middle Market – Performance in 2016 and Expectations for 2017
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.
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Investment Magazine – Stick to Your Roadmap in a ‘Long and Low’ trip
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.
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BGL – Annual Debt Market Update: More Opportunistic Environment for M&A
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.
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ABL Advisor – Churchill Asset Management Hires Leland Richards as Managing Director
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.
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FINAlternatives – Churchill Asset Management Hires New Managing Director
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.
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BLOOMBERG – CHURCHILL CLOSES $382.2 MILLION CLO, FIRST UNDER FERGUSON’S TIAA
NEW YORK, September 15, 2016 – Churchill Asset Management closed a $382.2 million collateralized loan obligation, the first since it was established by TIAA last year. The CLO is comprised of middle-market loans and attracted capital from a range of institutional investors, Churchill said Thursday in a statement.
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