Senior Lending

Since our inception in 2006, we have focused on providing first-lien senior secured and unitranche floating-rate loans to U.S. private equity-backed middle market companies.

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committed capital

Private credit

Private equity solutions

Overview page

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portfolio investments

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dedicated investment professionals

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history as a leading private credit investor

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private equity firms invested with

Churchill is one of the largest and most experienced private debt managers in the U.S., ranking #1 most active U.S. Private Credit Lender for Q1 2026 PitchBook¹.”

Mathew Linett
Head of Senior Lending

Investment criteria

Senior lending

Company size (EBITDA)

$10 - $100 mm

Target position size

$50 - $600 mm

Target markets

Traditional middle market
Upper middle market club

Capabilities

1st lien
Unitranche
Revolving credit
DDTL

Insight

White paper

Private capital in 2026: Foundations for a changing market

Lower financing costs, improving buyer-seller alignment and pressure on sponsors to transact may create a more constructive environment for private capital this year…

View footnotes

All numbers are as of June 30, 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.

¹PitchBook Q1 2026 Private Credit League Tables. Rankings are based on the total number of eligible U.S. private credit direct lending transactions, including PE-backed and non-PE-backed deals, completed between January 1 and March 31, 2026.

²LTM as of June 30, 2025. Churchill Senior Loan Investment portfolio industry breakdown based on deal count.

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Industry expertise

From our experience in investing through various cycles, we have deep expertise across a broad range of industries. We focus on issuers with strong market positions, differentiated value propositions and sustainable competitive advantages.

Recent transactions

VetEvolve
VetEvolve

Sole Lead Arranger
- Senior Secured Credit Facility
Varsity Healthcare

October 2026
Whitsons
Whitsons

Lead Left Arranger
- Senior Secured Credit Facility
GenNx 360 Capital Partners

September 2026
VDA
VDA

Lead Left Arranger
- Senior Secured Credit Facility
September 2026
STARC
STARC

Lead Left Arranger
- Senior Secured Credit Facility
Bertram Capital Management

September 2026

News & Press

Ken Kencel on CNBC’s “Power Lunch”

New York, October 30, 2026 – Ken Kencel, President and CEO, joins Kelly Evans on CNBC’s “Power Lunch” to discuss why experienced managers with proven track records and long-term capital matter as dispersion widens.

View full video »

Exclusive: Nuveen Private Capital hits $100bn after three-year fundraising drive

New York, October 19, 2026 – Nuveen Private Capital has passed $100bn (£75bn) in committed capital, growing by more than half in three years despite the turbulence rattling…

Read Full Article »

Nuveen Private Capital surpasses $100 billion in committed capital

London, UK – October 19, 2026 – Nuveen Private Capital, comprised of two leading U.S. and European asset managers Churchill Asset Management (“Churchill”) and Arcmont Asset Management (“Arcmont”), today announced it has surpassed $100 billion in committed capital, marking a significant milestone in the platform’s growth.

Read Full Article »

Senior Lending

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Investment criteria

Senior lending

Company size (EBITDA)

Target position size

Target markets

Capabilities

Insight

Industry expertise

Recent transactions

VetEvolve

Varsity Healthcare

Whitsons

GenNx 360 Capital Partners

VDA

STARC

Bertram Capital Management

News & Press

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