In The News
Alona Gornick on the evolution of private credit
New York, November 14, 2024 – Churchill’s Alona Gornick joins Michael Sidgmore on the Alt Goes Mainstream podcast to delve into the evoving landscape of private credit, the power of permanent capital, and the essential role of the product specialist.
Churchill Sees Mid-Market Loan Value ‘in Plain Sight’
New York, October 31, 2024 – Schwimmer and Holland discuss loan margin and covenant trends, fundraising, private credit innovation, the impact of higher-for-longer rates and regulation.
Bloomberg Surveillance: Randy Schwimmer on private credit & capital markets trends in an evolving interest rate environment
New York, October 30, 2024 -Randy Schwimmer, Vice Chairman of Investor Solutions Group at Churchill Asset Management, on the velocity in private credit and why it’s “adapt or die” time for credit managers.
Churchill’s Kencel on Private Credit Market, Partnerships
New York, October 3, 2024 – Churchill Asset Management President and CEO Ken Kencel discusses the state of private credit markets.
Alona on Bloomberg Businessweek
New York, September 17, 2024 – Alona Gornick, Senior Investment Strategist at Churchill Asset Management, shares her thoughts on private credit.
Alona Gornick on Yahoo! Finance discussing Private Credit 101
New York, July 31, 2024 – Churchill Asset Management senior investment strategist Alona Gornick joins Wealth! to break down how private credit works and how investors can best utilize it for their portfolios.
CNBC: M&A is already increasing ‘modestly’ and expected to pick up in second half, says Churchill’s Kencel
New York, July 29th, 2024 – Churchill President & CEO Ken Kencel joined CNBC TV’s ‘Money Movers’ to discuss the current state of dealmaking and expectations for the second half of 2024.
Private Capital with Joe Reilly
New York, July 7th, 2024 – Ken Kencel is the President & CEO of Churchill Asset Management, a $50 billion dollar platform serving over 700 institutional clients. He shared valuable insights on the growing private credit market, the evolution of the industry, his first job at Drexel, working at Carlyle and then going out on his own to start Churchill from scratch. We also discuss the nuances of the art of the covenent and finish with Ken’s desert island discs.
Behind the Buyouts: Churchill’s Philpott on Private Credit Boom
New York, April 23rd, 2024 – Churchill managing director Anne Philpott discusses the firm’s direct lending and PE strategies and expectations for M&A in 2024.
Churchill’s CEO Ken Kencel: It’s a good time to be a direct lender
New York, December 27, 2023 – Churchill Asset Management CEO Ken Kencel joins CNBC’s ‘Squawk Box’ to discuss his market expectations in 2024, what investors need to know, and more.
Churchill’s Schwimmer: Investor demand drives private credit boom
New York, November 28, 2023 – Randy Schwimmer, co-head of senior lending at Churchill Asset Management, joins Bloomberg Radio to discuss the private credit boom.
Churchill’s Kencel Says Private Credit in ‘Golden Age’
Greenwich, October 3, 2023 – Churchill Asset Management President and CEO Ken Kencel discusses the impact of higher interest rates on private credit deals on “Bloomberg Markets: The Close.”
Ken Kencel on iCapital’s Beyond 60/40
New York, June 26, 2023 – iCapital Chief Investment Strategist Anastasia Amoroso discusses the private credit markets with Churchill Asset Management President and CEO Ken Kencel…
Ken Kencel on Best of Times for Private Credit
New York, June 23, 2023 – Churchill’s President & CEO Ken Kencel joined Carol Massar and Matt Miller on Bloomberg Businessweek for an in-depth discussion about the private credit landscape and drivers behind the industry’s exponential growth over the last decade…
Randy Schwimmer on What Cracks the Debt Ceiling Deadlock
New York, May 9, 2023 – Randy Schwimmer, Co-Head of Senior Lending at Churchill Asset Management, joined the Bloomberg Markets Americas segment hosted by Alix Steel and Guy Johnson to discuss the potential implications of factors such as the potential end of rate hikes, bank failures, and recession fears on the private credit outlook…
Randy Schwimmer on Private Credit, Lending, and the Credit Crunch
New York, May 9, 2023 – Randy Schwimmer, Co-head of Senior Lending at Churchill Asset Management, discusses private credit, lending, and the credit crunch with Paul Sweeney and Kriti Gupta on Bloomberg’s The Tape…
Ken Kencel on Private Credit, Investing Focus, Banks
New York, May 2, 2023 – Churchill Asset Management’s President & CEO Ken Kencel discusses the banking crisis and the increasingly important role of private capital in middle market dealmaking with Bloomberg’s Romaine Bostick from the sidelines of the 2023 Milken Global Conference in Beverly Hills, California…
Randy Schwimmer on Diversify Beyond Traditional Asset Classes with Private Credit
New York, April 21, 2023 – Randy Schwimmer, Co-Head of Senior Lending from Churchill Asset Management, joins APB to discuss the use of private credit in portfolio diversification, trends in investor appetite, and where future demand will emerge from…
Randy Schwimmer on the Private Debt landscape in Asia-Pacific
New York, April 5, 2023 – Randy Schwimmer, Co-Head of Senior Lending at Churchill Asset Management, on private debt markets. He spoke with hosts Doug Krizner and Paul Allen on “Bloomberg Daybreak Asia.”…
Ken Kencel on the Rise of Private Capital
New York, March 31, 2023 – Churchill’s President & CEO Ken Kencel joined Bloomberg’s Masters in Business podcast to discuss the pivotal moments in his personal life and career that led him where he is today, his firsthand experience in the evolution of private capital as well as the future of the industry…
Randy Schwimmer on The Hot Start to 2023 for Private Credit
New York, March 5, 2023 – Randy Schwimmer, Co-head of Senior Lending at Churchill Asset Management, discusses the economic outlook, the M&A environment, and the private debt opportunity today…
The Top Quartile: In Conversation with Chris Freeze
New York, March 4, 2023 – In this edition of The Top Quartile: In Conversation, Andrés Ramos, content specialist at Nasdaq Private Fund Solutions, sits down with Chris Freeze, Senior Managing Director and Head of Investor Relations at Churchill Asset Management…
News
Credit Due – Cash Flow or Cash Faux?
NEW YORK, May 7, 2015 – Leveraged lending guidelines have set six times total leverage as the limit above which a loan would likely be criticised by examiners. Less noted by the media, but of growing interest to market players, are the components of leverage metrics: specifically, how the numerator (debt) and the denominator (earnings) are being massaged to put the best face on increasingly leveraged transactions.
The Promise and Pitfalls of Permanent Capital
NEW YORK, April 2, 2015 – We’re seeing a rush to pound out new publicly-traded (and private) business development companies, with many launched and more lined up in registration. Managers have correctly identified the virtues of BDCs: one-to-one fund leverage, tax advantages for investors, access to permanent capital, double-digit return potential, the fact that banks can own them under Dodd-Frank… Need we go on?
No Payback Time for Leveraged Borrowers
NEW YORK, March 5, 2015 – One tenet of sound lending practices is establishing the borrower’s capacity to repay its debt over the contractual life of the obligation. So it’s not surprising that regulators have taken banks to task in recent reports highlighting a growing number of leveraged loan issuers which lack that capacity.
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Press Releases
Churchill’s Anne Philpott Named to WSJ Pro Private Equity’s 2024 Women To Watch List
New York, NY, November 18, 2024 – Churchill Asset Management LLC (“Churchill” or the “Firm”), an investment specialist of Nuveen, announced today that Anne Philpott, Managing Director, Junior Capital & Private Equity Solutions (“PEJC”), has been named to WSJ Pro Private Equity’s 2024 Women to Watch List.
Nuveen Private Capital Appoints Katherine Elmore-Jones to Lead Private Equity Business Development in Europe
New York, November 4, 2024 – Churchill Asset Management and Arcmont Asset Management, the U.S. and European asset management companies of Nuveen Private Capital (“NPC”), today announced Katherine Elmore-Jones has joined as a Partner and Head of Private Equity Business Development in Europe.
Moshe Bajnon Joins Nuveen Private Capital to Lead Global Private Wealth Platform
New York, October 14, 2024 – Churchill Asset Management and Arcmont Asset Management, the U.S. and European asset management companies of Nuveen Private Capital, today announced the appointment of Moshe Bajnon as Senior Managing Director, Global Head of Private Wealth, effective October 29, 2024.