Private equity fund commitments

For over two decades, Churchill has built a differentiated primaries platform by being a meaningful LP who supports our GPs through multiple vintages. This drives deep relationships and leads to further collaboration with our GPs on direct deal flow throughout senior lending, junior capital, equity co-investment, and secondaries.

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committed capital

Private credit

Private equity solutions

Overview page

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fund commitments

top quartile GPs¹

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fund with advisory board seats

We really view our LP commitments through a partnership lens. We invest as a significant limited partner and often serve as an advisory board member offering our GPs our full suite of firmwide value added capabilities up and down the balance sheet.”

Anne Philpott, CFA
Head of Private Equity Fund Investments

Investment criteria

PE fund investments

Target fund size²

$500 mm - $2.5 bn+

Commitment size³

$30 - $60 mm

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View footnotes

All numbers are as of June 30, 2025.

Committed Capital refers to capital committed to client accounts in the form of equity capital commitments from investors, as well as committed, actual or expected financing from leverage providers. For purposes of this calculation, both drawn and undrawn equity and financing commitments are included. Committed capital figures may be adjusted over the course of a financial period, based on accounts transitioning the calculation methodology from capital commitment to invested capital. Estimated and unaudited.

¹Defined as GPs in the 2023 and 2024 vintages with at least one fund that measures top quartile on a MOIC or IRR basis using Burgiss or Cambridge Associates U.S. Buyout indices for the relevant vintage.

²Target fund size of private equity fund in which Churchill intends to invest.

³Churchill commitment to private equity fund.

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Churchill’s select private equity fund relationships

Churchill has committed $12+ billion in middle market private equity funds driving improved access to deal flow.

Primary strategy

Diversified

Industry specialist

Operationally focused

Sourcing specialists

Small-cap/LMM focus

News & Press

Randy Schwimmer live on Bloomberg Surveillance Radio

New York, October 17, 2025 – In this podcast, Randy provides important insight on how lending to sponsor backed traditional core middle market businesses can help insulate investors from the volatility affecting other segments.

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Churchill’s Ken Kencel to receive the 2025 Lifetime Achievement Award and be inducted into the M&A Advisor Hall of Fame

New York, NY, October 14, 2025 – The M&A Advisor is proud to announce that Ken Kencel, President and CEO of Churchill Asset Management, will be recognized as The M&A Advisor’s 2025 Lifetime Achievement Award recipient. Mr. Kencel will be honored for his significant contributions in the fields of private capital and middle-market finance at the 2025 Future of Dealmaking Summit, on November 18th & 19th in New York City. Mr. Kencel will also be formally inducted into The M&A Advisor’s Hall of Fame…

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Nuveen Private Capital, Hunter Point Capital and Temasek Announce Strategic Partnership

New York, NY, September 3, 2025 – Nuveen Private Capital, comprising U.S. and European asset managers Churchill Asset Management and Arcmont Asset Management, has entered into a strategic partnership with Hunter Point Capital (“HPC”), an independent investment firm that provides capital solutions and strategic support to alternative asset managers, and Temasek, a global investment company headquartered in Singapore. HPC and Temasek are making minority investments in Nuveen Private Capital and Temasek will provide long-term capital commitments to the platform’s new and existing strategies…