Churchill Asset Management raises nearly $1.5 billion for two new private equity investment vehicles
Category: Transactions Year: 2021
October 6, 2021
Campbell Lutyens was the exclusive financial advisor to Churchill.
Churchill Asset Management LLC (“Churchill” or the “Firm”), an investment-specialist affiliate of Nuveen that provides customized financing solutions to U.S middle market focused private equity sponsors and their portfolio companies, today announced a significant investment into its Private Equity platform with the closing of two new funds totaling approximately $1.5 billion of committed capital; Churchill Secondaries Partners, L.P. (the “Secondary Fund”) and Churchill Co-Investment Partners, L.P, (the “Co-Investment Fund”). Both funds were established in partnership with Ardian, a world-leading private investment house, as part of a strategic transaction that expanded institutional investor access to Churchill’s private equity platform.
The Secondary Fund is comprised of a diversified portfolio of more than 35 U.S. middle market private equity funds. Additionally, new primary capital was raised for a Co-Investment Fund which will support the growth of Churchill’s existing co-investment platform, already one of the largest programs dedicated to the U.S. middle market.