Churchill Asset Management Becomes a Signatory to ILPA’s Diversity in Action Initiative

New York, NY, February 22, 2023 Churchill Asset Management, an investment-specialist affiliate of Nuveen providing customized financing solutions to private equity firms and their portfolio companies, today announced that it has become a signatory to the Institutional Limited Partners Association (“ILPA”) Diversity in Action initiative.

“Churchill is a proud signatory of ILPA’s Diversity in Action initiative, reaffirming our firm’s strong commitment to advancing diversity, equity & inclusion (“DEI”) in the private capital industry and leading by example,” said Ken Kencel, President and CEO at Churchill Asset Management. “I am a firm believer that we excel when fostering a culture of inclusivity and transparency in which all employees contribute their unique talents and skills. This is what enables us to provide creative ideas and solutions to our clients.”

Diversity in Action signatories agree to undertake a series of actions to promote diversity and inclusion, as defined in the Diversity in Action framework. These efforts span talent management, investment management and industry engagement.

“ILPA’s framework is deeply aligned with our goals and culture at Churchill,” said Managing Directors and Co-Heads of Churchill’s DEI Council Alona Gornick and Anne Philpott. “The principles established by our DEI Council are integral to how we attract, retain and advance our talent.  We are also incredibly proud of the programs we continue to launch to support women and ethnic minorities both in our industry and in our communities at large.”

Most recently, Churchill launched its inaugural Gryphon Scholarship Program, which helps Title 1 high school students located in the New York, Chicago and Charlotte metro areas pursue full-time undergraduate study. The program is 100% funded by Churchill employees and matched by the firm’s ultimate parent company, TIAA.

Ms. Gornick and Ms. Philpott added, “We look forward to collaborating with ILPA and like-minded leaders to continue advancing DEI efforts within Churchill and in the private markets industry more broadly.”

To learn more about Churchill’s commitment to DEI, please visit our webpage here.

About Churchill Asset Management LLC

Churchill, an investment-specialist affiliate of Nuveen (the asset manager of TIAA), provides customized financing solutions to middle market private equity firms and their portfolio companies across the capital structure. With $46 billion of committed capital, we provide first lien, unitranche, second lien and mezzanine debt, in addition to equity co-investments, secondary solutions and private equity fund commitments. Churchill has a long history of disciplined investing across multiple economic cycles and our unique origination strategy, execution and investment are driven by more than 150 professionals in New York, Charlotte, Chicago, Dallas and Los Angeles. More information can be found at

About ILPA

With nearly 600 member institutions representing over 2 trillion USD of private equity assets under management, the Institutional Limited Partners Association (ILPA) is the only global organization dedicated exclusively to advancing the interests of LPs and their beneficiaries. ILPA’s Members represent all investor categories of small and large institutions including public pensions, corporate pensions, endowments, foundations, family offices, insurance, investment companies, development financial institutions and sovereign wealth funds. Its policy agenda is focused on strengthening the private equity asset class through strong governance, alignment of interests, and transparency. For more information, please visit

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This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Financial professionals should independently evaluate the risks associated with products or services and exercise independent judgment with respect to their clients.

Churchill Asset Management is a registered investment advisor and majority-owned, indirect subsidiary of Teachers Insurance and Annuity Association of America. Certain Nuveen products are advised by Nuveen Alternatives Advisors LLC, a registered investment advisor and wholly owned subsidiary of TIAA, and distributed by Nuveen Securities, LLC, Member FINRA and SIPC.


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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.