Churchill Asset Management, an investment-specialist of Nuveen, has announced the final close of Churchill Co-Investment Fund II with $1.5 billion in limited partner commitments. The oversubscribed fund, which seeks to generate superior risk-adjusted returns through equity co-investments alongside private equity sponsors in U.S. middle-market businesses, reached its hard cap and is nearly 3.5x times the size of its predecessor fund.
The fund attracted equity commitments from a global and diversified investor base, including sovereign wealth funds, public and corporate pensions, insurance companies, fund of funds, foundations, asset managers, family offices and high-net-worth individuals.
Central to Churchill’s investment philosophy is its long-standing commitment as a limited partner in more than 280 private equity funds. Churchill commits more than $1 billion annually to U.S. middle-market private equity funds, with more than $11 billion invested since inception. Th
