Junior & Structured Capital
Since 2011, we have provided a range of junior capital solutions including fixed & floating rate second-lien, subordinated debt, and structured debt, as well as preferred equity to support high-quality, private-equity backed U.S. middle market companies.
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committed capital
Scale and a powerful sponsor network awards Churchill robust deal flow that is pre-vetted by top quartile sponsors.”
Jason Strife
Head of Junior Capital and Private Equity Solutions
Investment criteria
Junior Capital
Structured Capital
Company size (EBITDA)
$10 - $100 mm
$10 - $100 mm
Maximum commitment
Up to $150 mm
Up to $100 mm
Target investment
$10 - $100 mm
$10 - $75 mm
Capabilities
- 2nd lien
- Subordinated notes
- PIK HoldCo notes
- Preferred equity
- Customized structures
Insight
Streamlined investment process:
Investment committee
Deeper dive on key diligence areas, review third-party research, conduct industry calls and access financial and operating resilience
Recent transactions
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Nellson Nutraceutical
Nellson Nutraceutical
Lead Left Arranger
- Senior Secured Credit Facility
Kohlberg & Company
April 2025
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News & Press
Randy on Bloomberg TV’s “The Close” with Romaine Bostick
New York, July 7, 2025 – Randy Schwimmer – Vice Chairman, Investor Solutions Group – joined Bloomberg TV’s “The Close” to discuss findings from Churchill’s mid-year private equity survey and the opportunity in the traditional middle market today.
Bloomberg Surveillance: Renewed confidence in private equity and optimism in deal flow
New York, June 26, 2025 – Randy Schwimmer, Vice Chairman and co-head of Senior Lending at Churchill Asset Management, discusses renewed confidence in private equity and whether there’s rising risks in private credit…
Nuveen Private Capital Named 2025 “Institutional Direct Lender Firm of the Year” in the 16th Annual International M&A Awards
New York, NY, June 26, 2025 – Nuveen Private Capital, which is comprised of U.S. and European asset managers Churchill Asset Management and Arcmont Asset Management, today announced it has been named 2025 “Institutional Direct Lender Firm of the Year” in the 16th Annual International M&A Awards. The team will be honored at a black-tie gala on Tuesday, September 16th in New York City.