Scale and a powerful sponsor network awards Churchill robust deal flow that is pre-vetted by top quartile sponsors2.”
Jason Strife
Head of Junior Capital and Private Equity Solutions
Investment criteria
Junior capital
Structured capital
Company size (EBITDA)
$10 - $100 mm
$10 - $100 mm
Target position size
$10 - $100 mm
$10 - $75 mm
Capabilities
- 2nd lien
- Subordinated notes
- PIK HoldCo notes
- Preferred equity
- Customized structures
Insight
Streamlined investment process:
Originate
Evaluate opportunities from leading private equity sponsors and deal intermediaries.
Analyze
Conduct initial company and industry analysis, prepare preliminary financial models, and form a view on debt structure.
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
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Dobbs Tire & Auto Centers
Dobbs Tire & Auto Centers
Lender
- Subordinated Note
Audax Management Company
February 2026
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Care Options for Kids
Care Options for Kids
Lender
- Subordinated Note
Webster Equity Partners
February 2026
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News & Press
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.
Churchill Asset Management Celebrates 20th Anniversary, Reports Record Investment Activity and Capital Raising in 2025
New York, NY, January 26, 2026 – Churchill Asset Management LLC, an investment-specialist of Nuveen, announced record investment and capital raising activity in 2025, as the firm enters its 20th anniversary year. Founded in 2006, Churchill is a market-leading middle market private capital platform with a proven track record of disciplined investing across economic cycles.
Ken Kencel on Bloomberg TV’s “The Close”
New York, January 21, 2026 – CEO Ken Kencel discusses Churchill’s $16 billion senior lending fundraise and private credit market expectations for 2026.