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 #2 most active U.S. Buyouts Lender for 2025 by PitchBook¹.”

Mathew Linett
Head of Senior Lending

Investment criteria

Senior lending

Company size (EBITDA)

$10 - $100 mm

Target position size

$50 - $500 mm

Target markets

Traditional middle market
Upper middle market club

Capabilities

1st lien
Unitranche
Revolving credit
DDTL

Insight

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.

¹PitchBook 2025 Annual Lending League Table as of December 31, 2025. Rankings determined by PitchBook Data based on the total number of eligible transactions from January 1, 2025, to December 31, 2025. Eligible transactions include U.S.-based, private equity-backed company deals categorized as buyouts.

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

Vesta Foodservice
Vesta Foodservice

Co-Lead Arranger
- Unitranche Credit Facility
Olympus Partners

April 2026
CallTower
CallTower

Co-Lead Arranger
- Unitranche Credit Facility
Court Square Capital Partners

April 2026
PrecisionX
PrecisionX

Lead Left Arranger
- Senior Secured Credit Facility
Windjammer Capital Investors

March 2026
Yardnique
Yardnique

Sole Lead Arranger
- Unitranche Credit Facility
Plexus Capital

March 2026

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.

View full video »

Senior lending

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Investment criteria

Senior lending

Company size (EBITDA)

Target position size

Target markets

Capabilities

Insight

Industry expertise

Recent transactions

Vesta Foodservice

Olympus Partners

CallTower

Court Square Capital Partners

PrecisionX

Windjammer Capital Investors

Yardnique

Plexus Capital

News & Press

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