Private credit has won the buyout financing game – Churchill’s Randy Schwimmer
PODCAST: “Long-term, I think the game is over from a buyout perspective. I think private capital has won that game,” says Randy Schwimmer, vice-chairman and chief investment strategist at Churchill Asset Management, on the latest episode of Credit Exchange with Lisa Lee

Hunter Point, Temasek take minority stake in Nuveen Private Capital
US-focused private credit manager Churchill and European direct lender Arcmont, which comprise Nuveen Private Capital, plan to launch new investment strategies.  

Churchill hires for new institutional sales role
Michael Foley joins from Franklin Templeton, where he led US institutional direct sales, consultant relations and relationship management teams

End of week sees private credit CLO issuance rush
The mid-market saw a flurry of issues from Eldridge, Churchill, StepStone and BlackRock toward the end of last week, with the total value of the four deals across Thursday and Friday totalling over USD 1.5bn

Churchill prices new mid-market CLO, first since January
The USD 499.7m Churchill NCPCIF CLO-II priced its senior triple-A paper at SOFR plus 166.5bps

Audax and Nuveen price their first private credit CLOs of 2025
The deals – one new issue and one reset -- are the first middle market activity from either manager this year  

Apollo and Churchill set new low for middle-market CLO spreads
New deals from Churchill and MidCap have triple-A coupon spreads inside the tight set late last year by Blackstone  

Barings hires Churchill MD for private debt originations
Barings Global Private Finance has hired a managing director from Churchill Asset Management to serve as a managing director for North America Private Credit

US direct lenders anticipate M&A “super cycle” in 2025
Senior direct lending deal flow has returned in the US with third quarter deployment rebounding to highs not seen since 2021

Nuveen Private Capital taps Ares partner for private wealth distribution
The platform encompassing Churchill Asset Management and Arcmont Asset Management, has hired Moshe Bajnon for the newly created position of global head of private wealth

Churchill raises more than USD 350m for junior capital debt fund
Churchhill Asset Management raised funds for junior capital direct lending to sponsor-backed US companies

Churchill launches private credit fund with USD 210m
Churchill Asset Management, an affiliate of global investment manager Nuveen, has launched a new private credit fund

Churchill hires from FS Investments to grow wealth channel
New York-headquartered Churchill Asset Management has hired a new managing director and head of investor relations, retail & wealth 

As high rates hurt borrowers, private credit firms are hoping for an uptick in M&A
2020 vintage investments have distributed more than 80% less cash

Private credit is the regulatory fix that became an asset class
Institutional investors have pushed private credit to greater scale than either loans or bonds

As the economic environment evolves, investors need to change too
Ten years ago, I became a regular contributor to Creditflux. It seems like yesterday — until we reread our debut submission.

Churchill adds new private credit CLO to roster
While most market attention in recent weeks has been on the BSL side of the ledger, Churchill announced the pricing of a new USD 298.06m middle market transaction on Friday, the third CLO from Nuveen Churchill Direct Lending Corp and its first of 2024

Greensledge arranges new private credit CFO
Churchill Asset Management, an investment-specialist affiliate of Nuveen, announced on Monday it had closed its second collateralised fund obligation, or CFO

AustralianSuper increases private credit allocation as it seeks to triple exposure to the market
AustralianSuper has increased its investment mandate with private credit specialist Churchill Asset Management to USD 1.5bn, as Australia's largest pension system looks to triple its exposure in the fast-growing international private credit market

Churchill expands senior lending team
Churchill Asset Management is beefing up its senior lending origination team with the hire of two new principals

Churchill prices new CLO for private BDC
Churchill was back in the market on Friday with a new middle-market CLO, Churchill NCLC CLO-I arranged by SMBC Nikko, with Capital One acting as co-placement agent

Direct lending sets up on high street seeking retail and wealthy investors
Private credit managers, historically reliant on institutional investors, are increasingly turning to retail investors for fundraising. The dramatic growth in private credit as a whole has been well documented. But in the past few years there’s been a massive pickup by retail and private wealth.

We pulled back because yields didn’t seem to match the risk. Now it’s better
During visits to Melbourne and Sydney last month, conversations with clients and friends about private debt revealed important contexts to understanding how investors there think about the asset class.

"It’s critical to understand that lower marks are not necessarily indicative of declining borrower performance"
Despite rate hike plans going unchecked, there is cause for optimism in private credit

Middle market CLO volumes surpass $2.5 billion in March after Churchill prices
Middle market CLO issuance for March climbed to $2.69 billion on Thursday after Churchill Asset Management priced a new transaction named Churchill MMSLF CLO II