Churchill Asset Management ("Churchill" or the "Firm"), an investment-specialist affiliate of Nuveen providing customized financing solutions to private equity firms and their portfolio companies, today announced that its flagship levered commingled fund, Churchill Middle Market Senior Loan Fund, received the "Private Debt – Mid-Market Lending" Award at the 2020 AltCredit US Performance Awards. AltCredit Fund Intelligence, a London-based global publication and leading information source on the private debt and credit markets, hosted its annual US Performance Awards in a virtual ceremony on October 21, 2020.
The annual AltCredit US Performance Awards were created to honor exceptional credit hedge funds, CLO and private debt funds within North America that stand out from their peers. Shortlisted funds were selected for their performance during the last twelve-month period ended June 30, 2020, capturing some of the most volatile markets of recent history, after which they were analyzed by a judging panel of professional investors for a winner to be chosen.
"We are truly honored that Churchill Middle Market Senior Loan Fund has been selected as winner in this year’s 'Private debt – mid-market lending' award category, particularly in light of the impressive group of finalists and today’s market environment," said Ken Kencel, President & Chief Executive Officer of Churchill, adding, "Thanks to our best-in-class team, our Firm has been providing strong and relatively stable risk-adjusted returns to investors for nearly 15 years, across several economic cycles, and we’re very appreciative of this objective recognition by the industry."
About Churchill Asset Management LLC
Churchill, an investment-specialist affiliate of Nuveen (the asset manager of TIAA), provides customized financing solutions to middle market private equity firms and their portfolio companies across the capital structure. With $24 billion of committed capital, we provide first lien, unitranche, second lien and mezzanine debt, in addition to equity co-investments and private equity fund commitments. Churchill has a long history of disciplined investing across multiple economic cycles and our unique origination strategy, best in class execution and investment are driven by more than 80 professionals in New York, Charlotte and Chicago. More information can be found at www.churchillam.com.
This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an 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. Financial professionals should independently evaluate 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 majority-owned, indirect subsidiary of 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, Member FINRA and SIPC.
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