New York, NY, November 27, 2019 – Churchill Asset Management (“Churchill”) today announced that it was selected as recipient of the 2019 “Lender Firm of the Year” award by The M&A Advisor. Award winners were honored at the 18th Annual M&A Advisor Awards Gala held in New York City on November 19, 2019.
The M&A Advisor Awards honor the firms and professionals whose activities set the industry standard for M&A transactions. An independent judging committee of 28 top M&A industry experts determined the ultimate recipients of the awards which were revealed at the gala.
“By standing out in a group of extraordinary finalists, Churchill represented the best of the M&A industry in 2019,” said Roger Aguinaldo, Founder of The M&A Advisor. “The firm’s impressive lending activity, compelling financing solutions, highly-focused investment strategy and dedication to clients were key contributing factors to being selected as winner.”
Previously this year, Churchill was named “USA Lender of the Year,” as well as “Americas Lender of the Year” by the Global M&A Network during two awards galas in July and October, respectively. Additionally, in recognition of the firm’s strong investment activity, Churchill was ranked as the second “Most Active US PE Senior Debt Lender” in recent league tables published by Pitchbook Data. During the last 12-month period ended September 30, 2019, Churchill closed or committed to $3.5 billion across 58 new investments and 55 add-on investments, while serving as a lead or co-lead agent on approximately 50% of the new investments. The firm is on track for a year of record volume in the 2019 calendar year.
“We are extremely humbled to be recognized as Lender of the Year for the third time in 2019, a true testament to the scale and breadth of our platform and the solutions-based, partnership approach we take with our private equity sponsor clients,” said Ken Kencel, President & Chief Executive Officer of Churchill. “Most of all, however, I would like to thank our terrific team of talented professionals for their contributions in making Churchill the market-leading direct lending platform it is today.”
About Churchill Asset Management
Based in New York, Churchill Asset Management LLC, a majority-owned affiliate of Nuveen (the asset manager of TIAA) is a leading provider of senior and unitranche debt financing for middle market companies, particularly those backed by top-tier private equity sponsors. Churchill has $6.8 billion of committed capital under management and has broad experience in all aspects of the middle market financing business, including origination, structuring, credit analysis, syndication, and deal monitoring and oversight. More information can be found at www.churchillam.com.
About The M&A Advisor
The M&A Advisor was founded in 1998 to offer insights and intelligence on mergers and acquisitions as the industry’s founding media platform. Today, the firm is recognized as the world’s premier “think tank” and leadership organization for m&a, restructuring and financing professionals, providing a range of integrated services including: M&A Advisor Forums and Summits; M&A Advisor Market Intelligence; M&A TV; M&A Advisor Live; M&A Advisor Awards; and M&A Advisor Connects. For additional information about The M&A Advisor’s leadership services visit www.maadvisor.com
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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 Advisers LLC, a registered investment advisor and wholly owned subsidiary of TIAA, and distributed by Nuveen Securities, LLC, Members FINRA and SIPC.
Investments in middle market loans are subject to certain risks. Please consider all risks carefully prior to investing in any particular strategy. These investments are subject to credit risk and potentially limited liquidity, as well as interest rate risk, currency risk, prepayment and extension risk, and inflation risk.