In The News
Private Capital with Joe Reilly
New York, July 7th, 2024 – Ken Kencel is the President & CEO of Churchill Asset Management, a $50 billion dollar platform serving over 700 institutional clients. He shared valuable insights on the growing private credit market, the evolution of the industry, his first job at Drexel, working at Carlyle and then going out on his own to start Churchill from scratch. We also discuss the nuances of the art of the covenent and finish with Ken’s desert island discs.
Ken on Bloomberg TV with Sonali
New York, June 17th, 2024 – President & CEO Ken Kencel joined Sonali Basak on Bloomberg’s The Close to discuss how the higher-for-longer interest rate environment is leading to a dispersion in performance among private credit managers.
Ken Kencel at Milken Institute Global Conference with Bloomberg TV
New York, May 6th, 2024 – Churchill Asset Management President & CEO Ken Kencel joined Romaine Bostick and Carol Massar on Bloomberg News’ The Close from floor of the Milken Institute Global Conference. They discussed how a stable interest rate environment impacts private credit deal activity, the return of banks to the loan market in Q1 2024 and more.
Behind the Buyouts: Churchill’s Philpott on Private Credit Boom
New York, April 23rd, 2024 – Churchill managing director Anne Philpott discusses the firm’s direct lending and PE strategies and expectations for M&A in 2024.
Churchill’s Schwimmer on the state of private and public credit markets
New York, March 7th, 2024 – Randy Schwimmer, Vice Chairman and Co-Head of Senior Lending at Churchill Asset Management, joins Bloomberg Radio to discuss his views on the private vs. public battle for private equity transactions, interest rates, and regulation of the private markets.
Churchill’s CEO Ken Kencel: It’s a good time to be a direct lender
New York, December 27, 2023 – Churchill Asset Management CEO Ken Kencel joins CNBC’s ‘Squawk Box’ to discuss his market expectations in 2024, what investors need to know, and more.
Churchill’s Schwimmer: Investor demand drives private credit boom
New York, November 28, 2023 – Randy Schwimmer, co-head of senior lending at Churchill Asset Management, joins Bloomberg Radio to discuss the private credit boom.
Churchill’s Kencel Says Private Credit in ‘Golden Age’
Greenwich, October 3, 2023 – Churchill Asset Management President and CEO Ken Kencel discusses the impact of higher interest rates on private credit deals on “Bloomberg Markets: The Close.”
Ken Kencel on iCapital’s Beyond 60/40
New York, June 26, 2023 – iCapital Chief Investment Strategist Anastasia Amoroso discusses the private credit markets with Churchill Asset Management President and CEO Ken Kencel…
Ken Kencel on Best of Times for Private Credit
New York, June 23, 2023 – Churchill’s President & CEO Ken Kencel joined Carol Massar and Matt Miller on Bloomberg Businessweek for an in-depth discussion about the private credit landscape and drivers behind the industry’s exponential growth over the last decade…
Randy Schwimmer on What Cracks the Debt Ceiling Deadlock
New York, May 9, 2023 – Randy Schwimmer, Co-Head of Senior Lending at Churchill Asset Management, joined the Bloomberg Markets Americas segment hosted by Alix Steel and Guy Johnson to discuss the potential implications of factors such as the potential end of rate hikes, bank failures, and recession fears on the private credit outlook…
Randy Schwimmer on Private Credit, Lending, and the Credit Crunch
New York, May 9, 2023 – Randy Schwimmer, Co-head of Senior Lending at Churchill Asset Management, discusses private credit, lending, and the credit crunch with Paul Sweeney and Kriti Gupta on Bloomberg’s The Tape…
Ken Kencel on Private Credit, Investing Focus, Banks
New York, May 2, 2023 – Churchill Asset Management’s President & CEO Ken Kencel discusses the banking crisis and the increasingly important role of private capital in middle market dealmaking with Bloomberg’s Romaine Bostick from the sidelines of the 2023 Milken Global Conference in Beverly Hills, California…
Randy Schwimmer on Diversify Beyond Traditional Asset Classes with Private Credit
New York, April 21, 2023 – Randy Schwimmer, Co-Head of Senior Lending from Churchill Asset Management, joins APB to discuss the use of private credit in portfolio diversification, trends in investor appetite, and where future demand will emerge from…
Randy Schwimmer on the Private Debt landscape in Asia-Pacific
New York, April 5, 2023 – Randy Schwimmer, Co-Head of Senior Lending at Churchill Asset Management, on private debt markets. He spoke with hosts Doug Krizner and Paul Allen on “Bloomberg Daybreak Asia.”…
Ken Kencel on the Rise of Private Capital
New York, March 31, 2023 – Churchill’s President & CEO Ken Kencel joined Bloomberg’s Masters in Business podcast to discuss the pivotal moments in his personal life and career that led him where he is today, his firsthand experience in the evolution of private capital as well as the future of the industry…
Randy Schwimmer on The Hot Start to 2023 for Private Credit
New York, March 5, 2023 – Randy Schwimmer, Co-head of Senior Lending at Churchill Asset Management, discusses the economic outlook, the M&A environment, and the private debt opportunity today…
The Top Quartile: In Conversation with Chris Freeze
New York, March 4, 2023 – In this edition of The Top Quartile: In Conversation, Andrés Ramos, content specialist at Nasdaq Private Fund Solutions, sits down with Chris Freeze, Senior Managing Director and Head of Investor Relations at Churchill Asset Management…
News
Credit Due – Who Wants to Make Revolvers?
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).
Credit Due – Cash Flow or Cash Faux?
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.
The Promise and Pitfalls of Permanent Capital
NEW YORK, April 2, 2015 – We’re seeing a rush to pound out new publicly-traded (and private) business development companies, with many launched and more lined up in registration. Managers have correctly identified the virtues of BDCs: one-to-one fund leverage, tax advantages for investors, access to permanent capital, double-digit return potential, the fact that banks can own them under Dodd-Frank… Need we go on?
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Press Releases
Churchill Hires Robert Paun to Lead Investor Relations for its Growing Registered Product and Wealth Management Platform
New York, July 24, 2024 – Churchill Asset Management LLC (“Churchill” or the “Firm”), an investment specialist of Nuveen, announced that Robert Paun has joined the Firm as Managing Director, Head of Investor Relations, Retail & Wealth. In this new role, Robert will lead the investor relations strategy, management and execution of the Firm’s regulated funds, while focusing on growing Churchill’s private wealth offerings and expanding access to its award-winning middle market private capital platform.
Churchill’s Nick Lawler Recognized as an Emerging Leader by The M&A Advisor
New York, NY – June 24, 2024 – Churchill Asset Management, an investment specialist of Nuveen that provides customized financing solutions to U.S. middle-market focused private equity sponsors and their portfolio companies, announced that Nick Lawler, Managing Director and Head of Secondaries, is among the recipients of The M&A Advisor’s 15th Annual Emerging Leaders Awards.
Nuveen Private Capital Strengthens U.S. Business Development Team with Two Senior Hires
New York, May 21, 2024 – Arcmont Asset Management and Churchill Asset Management, the U.S. and European asset management companies of Nuveen Private Capital, today announced the continued expansion of their U.S. client coverage capabilities with the appointment of Marc Gonyea and Chris Davis as Managing Directors.