Junior Capital Archives - Page 31 of 36 - Churchill Asset Management

CLOs are huge draw for income-hungry investors, says Churchill CEO Ken Kencel

May 16, 2018

New York, May 14, 2018 – Following on the heels of a record year of capital raising, debt financing provider Churchill Asset Management recently closed a $300 million collateralized loan obligation fund, Churchill Middle Market CLO IV. Churchill is part of Nuveen, the asset management division of TIAA. Overall, Churchill manages more than $4.4 billion in committed capital. We asked CEO Ken Kencel about his firm’s investment approach and thoughts on middle-market lending…

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Middle-Market Lending Report

May 2, 2018

London, May 1, 2018 – Three years after joining TIAA-owned Nuveen, Churchill Asset Management’s president and CEO Ken Kencel and head of origination and capital markets Randy Schwimmer continue to make their mark by drawing on their deep industry roots and extensive network of relationships…

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Churchill Asset Management Successfully Closes $300 Million CLO Fund

May 2, 2018

New York, May 2, 2018 — Churchill Asset Management LLC (“Churchill”), a leading provider of senior and unitranche debt financing to middle market companies, closed a $300 million leveraged loan fund, Churchill Middle Market CLO IV Ltd. (the “Fund”). The seven-year Fund is comprised of: a $200 million AA DBRS-rated senior revolving credit facility; $55 million of “A”-, “BBB”- and “BB”-rated mezzanine notes; and, $45 million of un-rated Subordinated notes. Natixis Securities Americas LLC (“Natixis”) serves as the Fund’s Administrative Agent and Arranger of the transaction.

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SupplyOne

Lender

Common Stock
Second Lien Term Loan

Wellspring Capital Management

March 2018

Gehl Foods

Investor

Holdco Note

Wind Point Partners

March 2018

Private Debt Wave Rolls On Even as Doubts Mount

January 3, 2018

NEW YORK, January 3, 2018 – And as the direct lending market matures, established managers that have grown in size may get an edge in future fundraising, says Ken Kencel, president and CEO at TIAA’s Churchill Asset Management.

“The window for newer managers to raise money is going to continue to narrow,” Kencel says. “Consultants will increasingly allocate to managers with scale.”…

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Captain D’s

Captain D's

Lender

Common Stock
Subordinated Note

Sentinel Capital Partners

December 2017

Churchill Asset Management Completes Second Middle Market CLO Offering at $340 Million

December 6, 2017

New York, December 6, 2017 — Churchill Asset Management LLC (“Churchill”), a leading provider of senior and unitranche debt financing to middle market companies, today announced the closing of its second structured debt investment offering, a $340 million collateralized loan obligation fund (“CLO”) named TIAA Churchill Middle Market CLO II Ltd.

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Churchill Asset Management Completes Fundraising for Inaugural Middle Market Senior Loan Fund as Part of Nuveen With Over $1.1 Billion in Committed Capital

November 29, 2017

New York, November 29, 2017— Churchill Asset Management LLC (“Churchill”), a provider of senior and unitranche debt financing to private equity-owned middle market companies, has completed fundraising for Churchill Middle Market Senior Loan Fund, LP (and related investment vehicles), its inaugural fund as part of Nuveen with over $1.1 billion in committed capital (the “Fund”).

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