New York, December 22, 2020 – Tikehau Capital, an alternative asset management and investment group, and Churchill Asset Management, an investment specialist affiliate of Nuveen, the asset manager of TIAA, have initiated a strategic partnership to expand their respective cross border direct lending footprints in Europe and the U.S.
The partnership includes mutual investments by Tikehau Capital and Churchill investment funds as well as closer cooperation on private credit investment opportunities in each manager’s respective market.
“We are honored to become Churchill’s partner of choice for its first ever commitment to a European credit fund,” said Tim Grell, CEO of Tikehau Capital North Americas. “We look forward to working with the asset management professionals at Nuveen and Churchill as we develop customized financing solutions to middle market private equity firms and their portfolio companies across the capital structure.”
“We are delighted to be partnering with Tikehau Capital as we look to invest in European direct lending opportunities,” said Ken Kencel, President and CEO of Churchill. “Tikehau Capital is a recognized leader in private credit in the European market and will be an important strategic partner for our firm going forward. There are many opportunities for us to pursue together as we look to serve our private equity clients and institutional investors.”
About Tikehau Capital:
Tikehau Capital is an asset management and investment group with €27.2bn of assets under management (as at 30 September 2020) and shareholders’ equity of €2.8bn (as at 30 June 2020). The Group invests in various asset classes (private debt, real estate, private equity and capital markets strategies), including through its asset management subsidiaries, on behalf of institutional and private investors. Controlled by its managers, alongside leading institutional partners, Tikehau Capital employs more than 570 staff (as at 30 June 2020) in its Paris, London, Amsterdam, Brussels, Luxembourg, Madrid, Milan, New York, Seoul, Singapore and Tokyo offices.
Tikehau Capital is listed on the regulated market of Euronext Paris, Compartment A (ISIN code: FR0013230612; Ticker: TKO.FP)
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 over $24 billion of committed capital, we provide first lien, unitranche, second lien and mezzanine debt, in addition to equity co-investments and private equity fund commitments. Churchill has a long history of disciplined investing across multiple economic cycles and our unique origination strategy, best in class execution and investment are driven by more than 80 professionals in New York, Charlotte and Chicago. More information can be found at https://www.churchillam.com/
- Valérie Sueur – +33 1 40 06 39 30
- USA – Prosek Partners: Trevor Gibbons – +1 646 818 9238
Churchill Asset Management:
- Jessica Greaney – +00 1 212 207 2094
Shareholders and Investors Contact:
- Louis Igonet – +33 1 40 06 11 11
This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed.
Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of Tikehau Capital and/or its affiliates. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to Tikehau Capital’s advisory activities in the US or with respect to US persons relates to Tikehau Capital North America.