Churchill’s scale, experience, and 14+ year track record of consistency has positioned our program as a go-to co-investment partner to many of the top middle market sponsors.”
Derek Fricke
Head of Direct Investments
Investment criteria
Equity co-investment
Company size (EBITDA)
$10 - $100 mm
Target position size
$10 - $100 mm
Capabilities
- Common equity
- Preferred equity
Insight
Streamlined investment process:
Originate
Evaluate opportunities from leading private equity sponsors and deal intermediaries.
Analyze
Conduct initial company and industry analysis, review comparable transactions, and prepare preliminary financial models.
Early deal discussion
Engage in management meetings, perform exploratory financial due diligence, and assess industry trends, competitive landscape, and transaction structure.
Investment committee
Conduct diligence in key areas, review third-party research, arrange industry calls, and evaluate financial and operational resilience. Present to investment committee for final approval.
Closing
Negotiate and finalize legal documentation, manage the capital funding process, and ensure a seamless transition into portfolio monitoring.
Originate
Analyze
Early deal discussion
Investment committee
Closing
Recent transactions
News & Press
Randy Schwimmer on CAIS Live
New York, May 13, 2026 – Randy shares his view on why he believes the core middle market may be one of the most overlooked corners of the private market and why the current wave of headline risk, from tariffs to rate uncertainty, could reinforce that case.
Randy on Bloomberg Surveillance
New York, May 13, 2026 – Chief Investment Strategist Randy Schwimmer joined Bloomberg Surveillance to share a few takeaways from recent conversations with investors during a trip across Australia, including how views are evolving around the role of liquidity in portfolios.
Ken Kencel joins Bloomberg TV live from the 2026 Milken Institute Global Conference
New York, May 5, 2026 – CEO Ken Kencel joins Bloomberg TV to discuss the current state of private credit markets, highlighting how credit fundamentals remain strong despite the broader media narrative.