Churchill Asset Management LLC

Churchill Asset Management, headquartered in New York and operating since 2011, is an investment-specialist affiliate of Nuveen — the asset management arm of TIAA. It focuses exclusively on U.S. middle market private equity firms and their portfolio companies, providing customized financing across the capital structure. Financing ranges from $75 million to $300 million, with a minimum monthly revenue threshold of $10 million, making this a purely institutional channel — not a fit for early-stage or smaller businesses. Churchill deploys capital through first lien, unitranche, second lien, and mezzanine debt structures, alongside equity co-investments and secondary solutions, backed by approximately $55 billion in committed capital. No credit score minimum applies; deal qualification is driven by sponsor relationships and company fundamentals. Borrowers approaching Churchill typically do so through private equity sponsors rather than directly.