NEW YORK, September 5, 2019 – Economists might be debating whether recent volatility in public equity and bond markets portend a downturn, but there’s little sign of the private equity valuations bubble bursting. Even so, credit providers are asking how asset valuation plays into covenant packages, and how terms are being negotiated…
NEW YORK, September, 2019 – …“While we have seen the yield curve invert a couple of times, we have not yet begun to see any related cracks in our portfolio,” says Ken Kencel, chief executive of Churchill Asset Management. “The question on everyone’s mind continues to be: what innings are we in? How long will this stage of the US economic cycle last?”…
NEW YORK, September, 2019 – The mid-market continues to attract private debt investors as the Federal Reserve cuts interest rates. Could this provide more juice to the economy and fuel a red-hot deal market, or are we nearing the end of the credit cycle, Andrew Hedlund asks a panel of experts…
NEW YORK, August 29, 2019 – …Sponsors are viewing non-bank lenders as “a safe haven — a credit solution that doesn’t depend on the vagaries of the loan syndication market,” said Randy Schwimmer, head of origination and capital markets at Churchill Asset Management…
NEW YORK, August 9, 2019 – A deteriorating credit environment is expected to prove challenging for new US middle market loan platforms, whose fee revenue may not be enough to support them through stressful periods. Against this backdrop, a manager’s track record, alignment of interest and competitive advantages should be among investors’ primary considerations…
New York, July 29, 2019 – Churchill Asset Management LLC (“Churchill”), a majority-owned affiliate of Nuveen focused on originating, underwriting and managing middle market senior loan investments, today announced that Jessica Nels has joined the firm as a Principal in the Capital Markets and Syndication team. Based in Chicago, Ms. Nels will be responsible for middle market club transactions, syndication and lender relationship management on behalf of Churchill…
NEW YORK, July 16, 2019 – Churchill Asset Management (“Churchill”) today announced that it has been recognized as “USA Lender of the Year” at the USA M&A Atlas Awards. Presented by the Global M&A Network, the awards honor outstanding firms, dealmakers and value-creating transactions from M&A communities across the United States…
NEW YORK, July 4, 2019 – It’s important for direct lenders to strike a chord with borrowers when they pitch flexible financing solutions. But for Churchill chief executive officer Ken Kencel, it’s equally important to play major chords outside work…
