Investment Criteria
Company Size (EBITDA)
Maximum Commitment
Target Investment
$10 mm - $100 mm
Up to $500 mm
$75 mm - $300 mm
Streamlined Investment Process:
We foster a rigorous underwriting of credit. Our deep middle market sponsor relationships enhance our due diligence process.
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Transaction screening
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Deep due diligence
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Investment Committee approval
Recent Senior Transactions
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VMG Health
VMG Health
Lead Left Arranger
- First Lien Credit Facility
Incline Equity Partners
April 2024
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E-Technologies
E-Technologies
Lead Left Arranger
- First Lien Credit Facility
Graham Partners
April 2024
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Contract Land Staff
Contract Land Staff
Lead Left Arranger
- First Lien Credit Facility
Sentinel Capital Partners
March 2024
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Infrastructure Consulting & Engineering, LLC
Infrastructure Consulting & Engineering, LLC
Lead Left Arranger
- First Lien Credit Facility
Godspeed Capital
March 2024
News & Press
Mid-market CLO Roundup: New Deals Add to Bumper Year
NEW YORK, November, 2017 – Churchill Asset Management joins the expanding list of the managers in the CLO market this year by pricing its first new issue middle-market CLO TIAA Churchill Middle Market CLO II. Arranged by Wells Fargo, the deal receives a warm welcome as it achieves the second tightest triple A spread of 150 basis points and a low funding cost of 2.17%. Wells Fargo remains the dominant arranger in the market as it continues to bring more deals to the field and raise its volumes to $7.56 billion – roughly 43% of the market…
Direct Lending Managers Face Rough Road Ahead
NEW YORK, October 25, 2017 – Indeed, loan covenants for borrowers have become a point of distinction in the market, with some established direct lending firms sticking to stricter terms, but other newer entrants – or managers seeking to grow faster – offering lighter provisions, says Randy Schwimmer, senior managing director at Churchill…
LCD Middle Market Review
NEW YORK, October, 2017 – Ken Kencel, CEO of Churchill says, “We see credit facilities as small as $250 million in size that are being done cov-lite. Three years ago that would not have been the case. As a result, the upper middle market has become more syndicated, more distributed, and more underwritten to sell. Lenders in this space have shifted from the ‘storage business’ into the ‘moving business’ —often at the expense of covenants and other structural protections, with lower pricing and higher leverage. This is something that has happened increasingly in the last several months.”