Nuveen is bringing its private equity and junior capital group together with Churchill Asset Management, its award-winning middle-market senior loan and unitranche financing business, to create a direct access platform with more than $21 billion in committed capital.
The combined platform, operating as Churchill, manages more than 250 portfolio investments and has more than 150 limited partner investments in leading middle market private equity funds. Collectively, the combined businesses invest more than $5 billion annually in more than 100 middle market companies, led by highly experienced investment teams.
“The combination of these two highly complementary businesses — backed by the scale, capital and resources of Nuveen — creates one of the largest, most differentiated middle-market private capital investment platforms in the United States, allowing us to be a premier one-stop capital provider of choice to private equity firms and institutional investors,”