Private equity fund commitments
For over two decades, Churchill has built a differentiated primaries platform by being a meaningful LP who supports our GPs through multiple vintages. This drives deep relationships and leads to further collaboration with our GPs on direct deal flow throughout senior lending, junior capital, equity co-investment, and secondaries.
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committed capital
1 Defined as GPs in the 2022 vintage with at least one fund that measures top quartile on a MOIC or IRR basis using the State Street US Buyout index for the relevant vintage. Past performance is no guarantee of future results.
We really view our LP commitments through a partnership lens. We invest as a significant limited partner and often serve as an advisory board member offering our GPs our full suite of firmwide value added capabilities up and down the balance sheet.”
Anne Philpott, CFA
Head of Private Equity Fund Investments
Investment criteria
PE Fund Investments
Target fund size
$500 mm - $2.5 bn+
Underlying portfolio company size (EBITDA)
$10 - $100 mm
Commitment size
$30 - $60 mm
Churchill’s select private equity fund relationships
Churchill has committed $11+ billion in middle market private equity funds driving improved access to deal flow
Primary strategy
Diversified
Industry specialist
Operationally focused
Sourcing specialists
Small-cap/LMM focus
News & Press
Ken Kencel on private credit opportunities
Los Angeles, May 6, 2025 – Live from the 2025 Milken Institute Global Conference, CEO Ken Kencel addressed areas of opportunity opening within private credit, as companies seek alternatives to the syndicated loan market.
Ken Kencel on CNBC discussing the impact of tariffs on private credit
April 8, 2025 – Ken Kencel, Churchill Asset Management president and CEO, joins the ‘Fast Money’ traders to discuss the state of the private credit market and why he’s maintaining an optimistic outlook.
Churchill Asset Management Closes Third Collateralized Fund Obligation, a 30 year $750 Million Transaction Investing across Nuveen Private Capital Strategies
New York, NY, March 27, 2025 – Churchill Asset Management LLC, an investment-specialist of Nuveen, has closed its third collateralized fund obligation, NPC SIP 2024-1 (the “Long Duration Bond” or “LDB”). The $750 million transaction is structured as a long-duration bond and invests across the flagship strategies of Churchill and Arcmont Asset Management Limited, the operating businesses of Nuveen Private Capital (“NPC”)