Investment Criteria
Company Size (EBITDA)
Maximum Commitment
Average Investment
$10 mm - $100 mm
Up to $150 mm
$10 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
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Caldwell & Gregory
Caldwell & Gregory
Lender
- Second Lien Term Loan
Incline Equity Partners
September 2024
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Village Green Holding
Village Green Holding
Lender
- Equity
- Subordinated Note
Center Oak Partners
September 2024
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Revolution Dancewear
Revolution Dancewear
Lender
- Subordinated Note
Audax Management Company
August 2024
News & Press
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”)
Churchill Achieves Record Investment Activity in 2024
New York, January 21, 2025 – Churchill Asset Management LLC, the U.S. private capital investment-specialist of Nuveen, announced the firm closed or committed over $13 billion across approximately 400 transactions in 2024, surpassing its previous annual record in 2022 by 18%. Further, Churchill raised over $10 billion, bringing firmwide committed capital to $52 billion1 from more than 4,000 institutional, family office and high-net worth investors globally and representing the firm’s second-largest third-party fundraising year to date.
Churchill’s Junior Capital & Private Equity Solutions Team Completes Direct Investment Alongside Tenex Capital Management in Strategic Merger of Rose Paving with Atlantic Southern Paving
Charlotte, NC January 13, 2025 – Churchill Asset Management LLC (“Churchill”), an investment-specialist of Nuveen that provides customized financing solutions to U.S. middle market-focused private equity sponsors and their portfolio companies, announced a second lien debt and minority equity investment to support Tenex Capital Management (“Tenex” or the “Sponsor”) in the strategic merger of Rose Paving (“Rose”) with Atlantic Southern Paving (“ASP”)…
1. Includes both junior and structured capital.