Churchill Asset Management announces record in 2021, with $ 11 billion in private capital invested and $ 13 billion in capital raised

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NEW YORK, January 13, 2022– (BUSINESS WIRE) – Churchill Asset Management (“Churchill” or the “Company”), a Nuveen investment specialist who provides tailored financing solutions to mid-market-focused US private equity sponsors and their holding companies, today announced that it broke previous records of investment and fundraising activity in 2021, both reaching the highest annual totals in the company’s history.

Churchill more than doubled its fundraising numbers for 2020, raising $ 13 billion in new committed capital in 2021. With plentiful dry powder and strong portfolio performance, the company’s investment teams have closed and / or committed $ 11 billion in new investments in 2021, an increase of nearly 80% over the previous year, while remaining very selective and diversified in their underwriting approach.

“Investors seeking attractive risk-adjusted returns from a manager who has demonstrated discipline and strong performance through economic cycles have fueled extraordinary activity for our company in 2021,” said Ken Kencel, President and CEO of Churchill. “Now, with $ 37 billion in committed capital under management, we believe that our size, differentiated sourcing and best-in-class team continue to set us apart in the industry, and we are extremely grateful to have the confidence that we have as a leading one-stop capital provider. of choice for private equity firms and investors. “

2021 Highlights and Achievements:

  • Closed and / or committed $ 11 billion in over 400 separate transactions, with record mountings of over $ 5 billion in the fourth quarter alone;

  • Raised $ 13 billion in new committed capital and added more than 60 new global institutional and family investors, while continuing to deliver strong results for existing clients;

  • Named “Lending Company of the Year” by Mergers and Acquisitions Advisor and consistently ranked among the top three “most active lenders in US buyouts” by Pitchbook1; and

  • Addition of 30 new employees (including 50% women and / or ethnic minorities) and exceeds 100 professionals, while being selected as one of the Pensions and placements’ “The Best Places to Work in Money Management.”

With 16 years of experience, Churchill has a strategically integrated private equity platform in the mid-market, which provides private equity sponsors with a full range of solutions across the entire capital structure, including senior loans. , junior capital and capital co-investments, as well as private co-investments. investments in equity funds. Churchill is led by a management team with an average of over 25 years of industry experience and has invested $ 47 billion in private capital in more than 1,200 transactions.

Kencel added, “As the private equity market continues to prosper and attract more institutional and retail interest, we are delighted to work with new and existing investors to continue to provide the best solutions over the course of the year. new Year. “

1 Source: Pitchbook Data Q3 2021 Rankings Tables.

About Churchill Asset Management LLC

Churchill, a dedicated investment subsidiary of Nuveen (TIAA’s asset manager), provides tailor-made financing solutions to mid-market private equity firms and their portfolio companies through the capital structure. With $ 37 billion in committed capital, Churchill provides first lien, unit, second lien and mezzanine debt, in addition to equity co-investments and private equity fund commitments. Churchill has a long history of disciplined investing spanning multiple economic cycles and our unique origination strategy, execution and blue chip investments are led by more than 100 professionals in New York, Charlotte and Chicago. More information can be found at www.churchilam.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 a particular investor, nor does it suggest a specific course of action. Financial 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 advisor 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 advisor and wholly owned subsidiary of TIAA, and distributed by Nuveen Securities, LLC, a member of FINRA and SIPC.

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See the source version on businesswire.com: https://www.businesswire.com/news/home/20220113005204/en/

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Madison Hanlon
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