Churchill Asset Management has raised a pair of new funds, with Paris-based private-equity firm Ardian as the lead investor and largest limited partner in both.
New York-based Churchill raised about $1bn for Churchill Secondary Partners LP and roughly $500m for Churchill Co-Investment Partners LP, said Jason Strife, a senior managing director of the firm.
Free Webinar: Scaling up – Embarking on Digital Transformation in Private Equity
- How data analytics can create efficiencies within Private Equity
- The most beneficial ways for firms to digitise and what major risks that are involved
- How will digitisation affect the future of Private Equity
Churchill, an investment-specialist affiliate of Nuveen (the asset manager of TIAA), provides customized financing solutions to private equity firms and their portfolio companies across the capital structure. With $32bn of committed capital under management, our solutions include first lien, unitranche, second lien and mezzanine debt, in addition to equity co-investments and private equity fund investments.
Source: Wall Street Journal
Can’t stop reading? Read more
KKR-backed Optiv enters private debt talks as $1bn maturity wall looms
KKR-backed Optiv enters private debt talks as $1bn maturity wall looms KKR-owned cybersecurity...
Permira set for $3bn Golden Goose exit as HongShan circles Italian luxury brand
Permira set for $3bn Golden Goose exit as HongShan circles Italian luxury brand Permira is in...
CPE to invest $350m in Burger King China joint venture with Restaurant Brands International
CPE to invest $350m in Burger King China joint venture with Restaurant Brands International...