Churchill Bolsters Senior Lending Origination Team with Principals Paul Sadlowski and Pranai Cheroo

New York, NY, November 9, 2023 Churchill Asset Management (“Churchill”), an investment-specialist affiliate of Nuveen, today announced that Paul Sadlowski and Pranai Cheroo have joined the firm as Principals on the senior lending origination team. Both will report to Kevin Meyer, Managing Director, Head of Origination, Senior Lending.

Mr. Sadlowski, who is based in Churchill’s Chicago office, brings over 15 years of experience to the role, most recently as an executive director at J.P. Morgan where he led the execution of leveraged finance transactions for corporate and financial sponsor clients, including leveraged buyouts and M&A financings. At Churchill, he will be responsible for expanding origination efforts in the core middle market with Midwest sponsors.

Mr. Cheroo joined from The Carlyle Group where he was most recently an originator for the direct lending platform. With over 14 years of experience, he is based in Churchill’s Los Angeles office and will be responsible for sourcing additional deal flow and developing and maintaining relationships with West Coast private equity sponsors. The hire also supports Churchill’s expansion of its West Coast presence, after opening its California office in May 2022.

“With more clarity on interest rates and the macroeconomic landscape, we observed a tremendous increase in deal opportunities over the third quarter related to high quality middle market companies in non-cyclical industries,” said Meyer. “To support this demand and the continued growth of the Churchill platform, we will continue to invest in and retain the best talent. We are excited to welcome seasoned originators Paul and Pranai, who bring decades of experience and relationships to the firm, to help us capitalize on today’s highly attractive investment environment and ultimately deliver strong risk-adjusted returns for our investors.”

Having invested in over 800 loans across its 17-year history, Churchill’s senior lending business has $25 billion of committed capital today, allowing the firm to commit up to $500 million per transaction. Churchill is one of the most active lenders in the country to private equity-backed middle market companies, most recently ranking as the #1 U.S. direct lender in KBRA Direct Lending Deals’ Q3 2023 league tables.

As of 30 Sept 2023.

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 $47 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 160 professionals in New York, Charlotte, Chicago, Dallas and Los Angeles. To learn more about Churchill, visit


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.


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

Subscribe to our premier middle market newsletter: Subscribe

Copyright © 2024 Churchill Asset Management LLC. All Rights Reserved. | Privacy Notices

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.