Churchill Asset Management Appoints Leland Richards as Managing Director

Middle Market Credit Asset Manager Looks to Grow Origination Team 

New York, October 14, 2016Churchill 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 Leland Richards has joined the firm as a Managing Director. The appointment will be effective October 2016 and Mr. Richards will report to Randy Schwimmer, Senior Managing Director and Head of Origination and Capital Markets.

Mr. Richards joins Churchill with more than 15 years of experience in middle market finance and strong relationships with leading middle market private equity firms and lenders. He previously worked at GE Capital, where he served as a Managing Director of GE Sponsor Coverage and led the structuring and underwriting of transactions with middle market private equity investment firms providing senior and uni-tranche financing to their portfolio companies. Prior to joining GE, Richards held similar positions at a number of financial institutions, including Merrill Lynch, Citigroup and J.P. Morgan.

“Leland’s extensive industry knowledge and strong sponsor relationships will add meaningfully to our business at Churchill,” said Randy Schwimmer. “This appointment underscores our commitment to building a deep and experienced investment team with a strong track record in middle market senior debt financing.”

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 $1.9 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

About TIAA Global Asset Management
TIAA Global Asset Management provides investment advice and portfolio management through Teachers Insurance and Annuity Association of America (TIAA) and more than a dozen affiliated registered investment advisers. Collectively managing $915 billion in assets as of September 30, 2016, the business provides access to innovative investment strategies through expertise that spans traditional and alternative asset classes, generating new investment opportunities for clients through a wide array of vehicles including funds, customized strategies and solutions. TIAA Global Asset Management is committed to TIAA’s legacy of helping individuals and institutional clients achieve long-term investment success and financial well-being.


Churchill Asset Management
375 Park Avenue, 9th Floor
New York, NY 10152
(212) 478-9200

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The material is for informational purposes only and should not be regarded as a recommendation or an offer to buy or sell any product or service to which this information may relate. Certain products and services may not be available to all entities or persons. Past performance does not guarantee future results. Please note investments in middle market loans are subject to various risk factors, including credit risk, liquidity risk and interest rate risk. Churchill Asset Management LLC is a majority-owned subsidiary and member of the TIAA group of companies.