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 March 31, 2026.

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

Randy Schwimmer talks core middle market resilience on Bloomberg Radio

New York, September 10, 2026 – Chief Investment Strategist Randy Schwimmer recently joined Bloomberg Radio to discuss how growing deal activity and improving private equity exits may signal a more constructive environment for private credit. He also highlighted the historical resilience of ground-level businesses in the core middle market that have the potential to offer steady, recurring revenue and less exposure to headline risk.

View full video »

Nuveen Private Capital appoints Robert Rdzak as Managing Director, Consultant Relations

New York, NY – September 9, 2026 – Churchill Asset Management and Arcmont Asset Management, the U.S. and European asset management companies of Nuveen Private Capital (“NPC”), announced Robert Rdzak has joined as Managing Director, Consultant Relations. In this newly created role, he will lead engagement with institutional investment consultants across North America in support of NPC’s $99 billion global private capital platform.

Read Full Article »

Randy Schwimmer talks private credit resilience on Bloomberg TV

New York, August 3, 2026 – Chief Investment Strategist Randy Schwimmer joins Bloomberg TV to discuss why default rate estimates vary across rating agencies, highlight the continued strength of Churchill’s core middle market portfolio amid current credit market conditions, and spotlight the firm’s thought leadership publication, The Lead, which offers insights on private capital for institutional and wealth channel investors.