Churchill Asset Management raises $700 million in secured fund bonds
NEW YORK, July 06, 2022–(BUSINESS WIRE)–Churchill Asset Management LLC (“Churchill” or the “Company”), a Nuveen investment specialist that provides customized financing solutions to private equity firms and their portfolio companies, announced today $700 million CFO to invest in Churchill’s flagship private equity fund strategies – senior loans, junior capital, equity co-investment and private equity fund commitments.
“We are delighted to build on Churchill’s leading US middle market private capital platform with the successful closing of our first Chief Financial Officer,” said Christopher Freeze, Churchill’s Head of Investor Relations, adding, ” This transaction provides investors with a unique opportunity to access the full spectrum of Churchill’s private equity investment capabilities. The outstanding support we have received from existing and new investors speaks to investors’ confidence in Churchill’s proven investment approach.
UBS Investment Bank acted as sole structuring adviser and bookrunner on the transaction and Dechert LLP acted as legal adviser to Churchill.
About Churchill Asset Management LLC
Churchill, a specialist investment subsidiary of Nuveen (TIAA’s asset manager), provides tailored financing solutions to middle market private equity firms and their portfolio companies across the capital structure. With $38 billion in committed capital, we provide senior, unitranche, junior and mezzanine debt, in addition to equity co-investments and private equity fund commitments. Churchill has a long history of disciplined investing through multiple economic cycles and our unique origination strategy, best execution and best-in-class investing is driven by over 120 professionals in New York, Charlotte, Chicago, Dallas and Los Angeles. More information can be found at www.churchillam.com.
This material is not intended to be an investment recommendation or advice, does not constitute a solicitation to buy, sell or hold any security or investment strategy, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Finance professionals should independently assess the risks associated with products or services and exercise independent judgment with respect to their clients.
Churchill Asset Management is a registered investment adviser and an indirect majority-owned subsidiary of the Teachers Insurance and Annuity Association of America. Certain Nuveen products are advised by Nuveen Alternatives Advisors LLC, a registered investment adviser and wholly-owned subsidiary of TIAA, and distributed by Nuveen Securities, LLC, Member FINRA and SIPC.
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