Churchill Asset Management

From 2002 to 2023, global secondary market volume scaled from $2 billion to $114 billion in transaction value. Despite this tremendous growth, there remains a healthy debate within the private equity community regarding secondaries’ future. We investigated the data behind both sides of the argument — swipe through our findings below. ??Read the full whitepaper here to learn more:?https://lnkd.in/dS7wk24a

Our team had a wonderful time at The M&A Advisor Awards last week with our Arcmont Asset Management colleagues. We were honored that Nuveen Private Capital was named International Lender of the Year, and we were very proud to see our Managing Director & Head of Secondaries Nicholas Lawler be presented with an Emerging Leaders Award. Thanks again to The M&A Advisor for the recognition!

Churchill is proud to have sponsored two terrific charity events in September, supporting the National Forest Foundation and A Better Chance. To kick off #ClimateWeekNYC, we participated in “Nature Unleashed,” supporting the National Forest Foundation’s program designed to increase awareness of opportunities to invest in nature-based solutions that safeguard our forests. Additionally, we were honored to join the “Making the Grade” effort, a charity event co-sponsored by Fitch Ratings to raise funds for the 2024 A Better Chance scholars. The organization has helped enroll over 2,000 motivated students from underserved communities in the nation’s top independent and public schools, advancing representation in the next generation of leaders. Thank you to everyone who made both evenings a success! #Charity #DEI

Together with Arcmont Asset Management, we’re pleased to announce the appointment of Ralph Hora to the Nuveen Private Capital team as Head of DACH, Business Development. Ralph has over 25 years of experience in the region and a deep network across the German, Austrian and Swiss markets, which will help facilitate the continued growth of our private credit solutions and investor base in the region. ? Read the full announcement to learn more: https://lnkd.in/epqMB8mM

At the 2024 Greenwich Economic Forum, CEO Ken Kencel will address “The New World Order in Private Credit” during a fireside chat with Bloomberg News’ Romaine Bostick, CFA. We’re looking forward to attending this year’s event and connecting with others at the forefront of geopolitics, economics, investments and more. Reach out to [email protected] to arrange a meeting to learn more about our leading private capital platform. We hope to see you there!

How are direct lending deals faring in the current environment? With the rate hiking cycle now past its peak and inflation appearing to be under control, we’re optimistic that deal activity will continue to pick up through Q4 and into 2025. We’re already seeing a pickup of new buyout deals as well as continued strong demand for add-on acquisitions from our existing portfolio companies. Head of Senior Lending Mathew Linett joined a panel at Private Debt Investor’s New York Forum to share more about the key elements shaping today’s direct lending market. #PDINewYork

Following a period of tremendous growth across private credit, many are wondering what’s next. Senior Investment Strategist Alona Gornick joined the Bloomberg Businessweek podcast on the ground at Future Proof to address several key themes across the sector right now, including: ? ? The Return of the BSL market: We believe focusing on the core middle market enables managers to remain more insulated from the pricing pressure, increased volatility and generally weaker terms we see in the upper middle and BSL markets. ? Tapping into the Wealth Channel: There is considerable opportunity to broaden the adoption of private credit in the wealth market by providing advisors with more accessible products, resources and education. ? Sustainable Growth: Record levels of PE dry powder on the sidelines continue to create sustainable demand for private credit dollars.? ? Listen to her full conversation with Barry Ritholtz and Carol Massar here: https://lnkd.in/efiYc3rB?

We’re pleased to be recognized with top honors in PitchBook’s Q2 2024 PE lending league tables. Huge thank you to our private equity partners as these results reflect the impact of your steadfast partnership.?

In the debate between public vs. private markets, which side wins in today’s economy? At the 2024 Bloomberg Buyside Forum, Senior Investment Strategist Alona Gornick joined a panel to explore how the markets stack up in terms of liquidity, holding periods, volatility and returns. Thanks to all who attended the session! We’re grateful for the opportunity to shed light on the benefits of private credit.

“Secondaries is one of the most- if not the most – undercapitalized areas in alternatives.” With $72 billion transacted in H1 2024 and the busiest half of the year ahead, the secondaries market is on track to surpass 2021’s record deal volume of $134 billion. Head of Secondaries Nicholas Lawler sat down with Private Equity International to discuss the supply and demand dynamics creating this significant opportunity. ? Read the full Q&A below to learn where we’re seeing the most growth potential.?