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
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.
Churchill Asset Management Enhances Investor Education and Client Engagement with Strategic Hires
New York, May 4, 2026 – Churchill Asset Management LLC, the U.S. asset management company of Nuveen Private Capital, today announced the appointments of Michael Pond as Managing Director, Senior Investment Strategist; Brett Graffy as Managing Director, Investment Strategist; and Peter Repetto as Principal, Head of Research and Investment Insights…
Ken Kencel on the state of private credit
New York, March 30, 2026 – CEO Ken Kencel joins Bloomberg Open Interest to discuss recent headlines around redemptions and the challenge of applying short-term liquidity expectations to long-term investments.