Private equity fund commitments

For over two decades, Churchill has built a differentiated primaries platform by being a meaningful LP who supports our GPs through multiple vintages. This drives deep relationships and leads to further collaboration with our GPs on direct deal flow throughout senior lending, junior capital, equity co-investment, and secondaries.

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committed capital

Private credit

Private equity solutions

Overview page

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fund commitments

top quartile GPs¹

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fund with advisory board seats

We really view our LP commitments through a partnership lens. We invest as a significant limited partner and often serve as an advisory board member offering our GPs our full suite of firmwide value added capabilities up and down the balance sheet.”

Anne Philpott, CFA
Head of Private Equity Fund Investments

Investment criteria

PE fund investments

Target fund size²

$500 mm - $2.5 bn+

Commitment size³

$30 - $60 mm

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View footnotes

All numbers are as of June 30, 2025.

Committed Capital refers to capital committed to client accounts in the form of equity capital commitments from investors, as well as committed, actual or expected financing from leverage providers. For purposes of this calculation, both drawn and undrawn equity and financing commitments are included. Committed capital figures may be adjusted over the course of a financial period, based on accounts transitioning the calculation methodology from capital commitment to invested capital. Estimated and unaudited.

¹Defined as GPs in the 2023 and 2024 vintages with at least one fund that measures top quartile on a MOIC or IRR basis using Burgiss or Cambridge Associates U.S. Buyout indices for the relevant vintage.

²Target fund size of private equity fund in which Churchill intends to invest.

³Churchill commitment to private equity fund.

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Churchill’s select private equity fund relationships

Churchill has committed $12+ billion in middle market private equity funds driving improved access to deal flow.

Primary strategy

Diversified

Industry specialist

Operationally focused

Sourcing specialists

Small-cap/LMM focus

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.

View full video »

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…

Read Full Article »

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.