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.
-
Initial vetting & structuring
-
Early assessment
-
Full due diligence
Recent Junior Capital Transactions
-
-
-
Caldwell & Gregory
Caldwell & Gregory
Lender
- Second Lien Term Loan
Incline Equity Partners
September 2024
-
Village Green Holding
Village Green Holding
Lender
- Equity
- Subordinated Note
Center Oak Partners
September 2024
News & Press
Credit Due – Who Wants to Make Revolvers?
NEW YORK, June 11, 2015 – It’s been called the most mispriced security on Wall Street. It’s also the least-known casualty of bank regulatory reform. Welcome to the revolving credit facility.TIAA- CREF).
Credit Due – Cash Flow or Cash Faux?
NEW YORK, May 7, 2015 – Leveraged lending guidelines have set six times total leverage as the limit above which a loan would likely be criticised by examiners. Less noted by the media, but of growing interest to market players, are the components of leverage metrics: specifically, how the numerator (debt) and the denominator (earnings) are being massaged to put the best face on increasingly leveraged transactions.
TIAA-CREF Launches Churchill Asset Management
NEW YORK, April 8, 2015 – TIAA-CREF, a leading financial services provider, today announced the launch of Churchill Asset Management LLC (www.churchillam.com ), a new majority-owned subsidiary focused on originating, underwriting and managing senior loan investments, primarily in U.S. middle-market companies. Terms of the transaction were not disclosed.
1. Includes both junior and structured capital.