Nuveen Churchill Direct Lending Corp.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Company Description
- CEO
- Kenneth John Kencel
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 375 Park Avenue New York City NY United States of America 10152
- IPO Date
- Jan 25, 2024
- CIK
- 0001737924
- Website
- ncdl.com
- Similar Companies
- Business
- Nuveen Churchill Direct Lending Corp. is a business development company (BDC) primarily engaged in investing in senior secured loans to private equity-owned U.S. middle market companies. The company focuses on generating attractive risk-adjusted returns through current income and operates predominantly in the U.S. middle market direct lending sector. Its core products and services include senior secured first lien loans, unitranche loans, second lien loans, mezzanine loans, and equity co-investments alongside private equity sponsors. Nuveen Churchill Direct Lending Corp. benefits from the broader investment platform of Churchill Asset Management, a private capital affiliate of Nuveen, providing access to a diverse spectrum of capital solutions including junior capital and private equity co-investments. Founded as a registered investment advisor and majority-owned indirect subsidiary of Teachers Insurance and Annuity Association of America (TIAA) through Nuveen, LLC, Nuveen Churchill Direct Lending Corp. leverages Churchill’s extensive private equity relationships and history of disciplined investments across industries and economic cycles. The company’s portfolio is broadly diversified by industry and investment type, anchored primarily in senior secured loans, allowing it to participate in larger transactions with limited concentration risks. Recent major developments include a strategic refocus on optimizing balance sheet and capital structure by issuing $300 million of unsecured notes and refinancing collateralized loan obligations (CLOs) to reduce borrowing costs. In 2024 and into 2025, the company saw active investment deployment with over $950 million funded in new investments during 2024, reflecting a 40% year-over-year increase. Nuveen Churchill has also completed a nearly $100 million share repurchase program in mid-2025 to enhance shareholder value and maintains significant liquidity to capitalize on market opportunities. The company’s investment advisory and sub-advisory roles are fulfilled by affiliates of Nuveen, reflecting integration with a leading global asset manager. Geographically, Nuveen Churchill Direct Lending Corp. operates primarily within the United States, focusing on the middle market sector in private equity-backed companies. The company integrates extensive middle market lending expertise through Churchill Asset Management, offering a comprehensive range of debt and equity private capital solutions. This positioning allows Nuveen Churchill Direct Lending Corp. to be a preferred capital partner for private equity sponsors with flexible, scalable financing options. Overall, Nuveen Churchill Direct Lending Corp. is a U.S.-focused BDC specializing in senior secured loans and private equity co-investments within the middle market, leveraging Churchill’s deep market relationships and expertise. Its recent operational and capital structure enhancements position it for continued growth and attractive yield generation for shareholders. The company is headquartered in the United States and is majority-owned by TIAA through Nuveen.
Company News
Nuveen Churchill Direct Lending Corp. Schedules Third Quarter 2026 Earnings Release and Conference Call
Nuveen Churchill Direct Lending (NYSE:NCDL) Hits New 12-Month Low – What’s Next?
Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Stock Has Average Target Price of $13.62
Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Shareholders to Collect $0.36 Quarterly Dividend
Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) Receives $14.06 Consensus Price Target from Brokerages
Nuveen Churchill Direct Lending Q2 Earnings Call Highlights
Nuveen Churchill Direct Lending Corp. (NCDL) Q2 2026 Earnings Call Transcript
Nuveen Churchill Direct Lending Corp. Announces Second Quarter 2026 Results
Nuveen Churchill Direct Lending Corp. Announces Second Quarter 2026 Results
Nuveen Churchill Direct Lending Corp. Schedules Second Quarter 2026 Earnings Release and Conference Call
Nuveen Churchill Direct Lending Corp. Announces Closing of Public Offering of Additional $100.0 Million 6.650% Notes Due 2030
Nuveen Churchill Direct Lending Corp. Prices Public Offering of Additional $100.0 Million 6.650% Notes Due 2030
4 Deeply Discounted BDCs Paying Us Up To 13%
Nuveen Churchill Direct Lending: Steady Outperformance Continues In Q1
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Nuveen Churchill Direct Lending: No Relief In Sight Following Q1 Earnings
Nuveen Churchill Direct Lending Q1 Earnings Call Highlights
Nuveen Churchill Direct Lending Corp. (NCDL) Q1 2026 Earnings Call Transcript
Nuveen Churchill Direct Lending Corp. Announces First Quarter 2026 Results