“We typically invest as a significant limited partner and often serve as an advisory board member.”
Investment Criteria
Company Size (EBITDA)
Average Fund Commitment
Average Equity Co-investment
$10 mm - $100 mm
$30 mm - $75 mm
$10 mm - $100 mm
Disciplined Investment Focus:
We take a differentiated approach to sponsor relationships, specifically targeting those that seek value added partners and support for portfolio company financing needs. We employ a deliberate process to evaluate and underwrite fund investments, typically spanning three to eight weeks.
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Initial vetting & structuring
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Early assessment
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Full due diligence
Recent Equity Solution Transactions
News & Press
Is Your Direct Lending Portfolio Safe?
NEW YORK, November 28, 2018 – …And institutions know they now have options across direct lending that differ on risk, return, and sector exposure, as well as between private equity sponsor-backed loans versus “non-sponsored” ones, says Ken Kencel, CEO at Churchill Asset Management, a Nuveen affiliate… (Full text behind paywall)
Portfolio Strategy Credit: Reading the Cycle
New York, Nov 6, 2018 – Just what that message is remains unclear. What is clear is that credit investors and investment managers face a similar dilemma, says Randy Schwimmer, senior managing director and head of origination and capital markets at Churchill Asset Management, which concentrates on lending to private-equity-sponsored middle-market companies. Like archeologists, participants in loan and credit markets are also “experts at digging for meaning among otherwise inscrutable signs”, Schwimmer says…
Defining the Taxonomy of Private Credit: The Strategies and Risks
London, Oct 10, 2018 – Private credit is a rapidly maturing asset class, but the different strategies involved are still not all that well understood or defined. What does private credit mean? What are the risks involved for different strategies? Where are the best opportunities for investors? Randy Schwimmer shares his thoughts in KNect365’s exclusive interview…