Investment Criteria
Company Size (EBITDA)
Maximum Commitment
Average Investment
$10 mm - $100 mm
Up to $75 mm
$15 mm - $75 mm
Highly Selective Investment Process:
We have stringent underwriting standards focused on relative value, strong credit statistics and a high level of portfolio diversity.
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Initial vetting & structuring
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Early assessment
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Full due diligence
Recent Junior Capital Transactions
News & Press
Private Credit Market to See M&A as Virus Forces Consolidation
NEW YORK, May 22, 2020 – “Structures will be tighter, leverage lower and spreads wider, and that will only be enhanced by the volatility in liquid markets.” said Randy Schwimmer, head of origination and capital markets at Churchill Asset Management…
Middle Market Sponsors Face Increased Pricing, Covenants as Covid-19 Crisis Deepens
NEW YORK, May 1, 2020 – “At the moment, new deal data is skimpy, but I expect spreads to be much wider and leverage well off from where we were in January,” said Randy Schwimmer, head of originations at Churchill Asset Management, a direct lending firm…
Four Emerging Lessons from COVID-19 for North American Private Debt
NEW YORK, April 24, 2020 – Head of Origination & Capital Markets Randy Schwimmer discusses What Lessons Are Emerging as a Result of COVID-19 in Preqin’s Special Report…