Middle Market Credit Asset Manager Hires Industry Veteran to Drive Growth in New Products and Funds Under Management
New York, January 6, 2017 – Churchill Asset Management LLC (“Churchill”), a majority-owned affiliate of TIAA Global Asset Management focused on originating, underwriting and managing middle market senior loan investments, announced today that David Heilbrunn has joined the firm as Senior Managing Director and Head of Product Development and Capital Raising. Mr. Heilbrunn will report to Ken Kencel, President and CEO of Churchill.
Mr. Heilbrunn joins Churchill with more than 25 years of experience in investment management, previously serving as a Managing Director with Fifth Street Asset Management, The Carlyle Group, Churchill Financial Group (the predecessor to Churchill Asset Management), Bear Stearns and J.P.Morgan. In this newly-created role at Churchill, Mr. Heilbrunn will be responsible for all product development and equity and debt capital raising, including managing the firm’s various financing activities and growing CLO business. He will work closely with and support the broader TIAA institutional and retail business development teams in coordinating the firm’s overall structuring and capital raising efforts.
“We are delighted to have David rejoin Churchill’s senior leadership team. Over the course of his career, David has built a proven track record of bringing quality investment vehicles to the marketplace, and we look for him to do more of the same as part of Churchill,” said Kencel. “We are confident that David’s deep relationships across retail and institutional channels along with his extensive industry expertise will add immediate value to the growth of our team and investment capabilities. We’re thrilled to have him on board.”
Churchill is led by a senior management and investment team that has worked together for over a decade and has collectively invested more than $5 billion in over 400 middle market companies. Churchill today has approximately $2.2 billion of committed capital under management.
About Churchill Asset Management
Based in New York, Churchill Asset Management is a leading provider of senior and uni-tranche debt financing for middle market companies, particularly those backed by top-tier private equity sponsors. The company 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 TIAA Global Asset Management
TIAA Global Asset Management, through TIAA and its registered investment advisers, provides investment solutions designed to help secure the long-term goals of institutions, individual investors and the advisors who serve them. With $915 billion in assets under management (as of 9/30/16) and operations in 16 countries, the firm’s leading investment affiliates offer deep expertise in traditional and alternative asset classes through a wide array of vehicles including funds and customized strategies. For more information, please visit www.tiaa.org/public/assetmanagement.
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TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products.
Private credit investments are subject to certain risks such as market and investment style risk. Investments are highly illiquid and subject to greater risk.