Senior lending
Since our inception in 2006, we have focused on providing first-lien senior secured and unitranche floating-rate loans to U.S. private equity-backed middle market companies.
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committed capital
Churchill is one of the largest and most experienced private debt managers in the U.S., ranking #1 most active U.S. Buyouts Lender for 2024 by PitchBook.”
Mathew Linett
Head of Senior Lending
Investment criteria
Senior Lending
Company size (EBITDA)
$10 - $100 mm
Maximum commitment
Up to $600 mm
Target investment
$50 - $500 mm
Target markets
- Traditional middle market
- Broadly syndicated loan
- Upper middle market club
Capabilities
- 1st lien
- Unitranche
- Revolving credit
- DDTL
Insight
White paper
The year ahead: top 5 private capital trends
Private capital stands primed to capitalize on what looks set to be a favorable environment for generating returns and income as the macroeconomic fog clears,…
Industry expertise
From our experience in investing through various cycles, we have deep expertise across a broad range of industries. We focus on issuers with strong market positions, differentiated value propositions and sustainable competitive advantages.
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
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”)