Churchill Asset Management Raises $700m Collateralized Fund Obligation

Churchill Asset Management, an investment-specialist of Nuveen that provides customized financing solutions to private equity firms and their portfolio companies, announced the closing of its inaugural collateralized fund obligation.

The $700 million collateralized fund obligation will invest across Churchill’s flagship private capital fund strategies – senior lending, junior capital, equity co-investment and private equity fund commitments.

“We are pleased to build upon Churchill’s leading U.S. middle market private capital platform with the successful closing of our inaugural CFO,” said Christopher Freeze, Churchill’s Head of Investor Relations, adding, “This transaction provides investors a unique opportunity to access the full array of Churchill’s private capital investment capabilities. The outstanding support we received from existing and new investors was a testament to investor confidence in Churchill’s time-tested investment approach.”

UBS Investment Bank served as the Sole Structuring Advisor and Bookrunner of the transaction and Dechert LLP served as legal advisor to Churchill.

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Churchill, an investment-specialist affiliate of Nuveen, provides customized financing solutions to middle market private equity firms and portfolio companies across the capital structure. With $38bn of committed capital, they provide first lien, unitranche, second lien and mezzanine debt, in addition to equity co-investments and private equity fund commitments.

Churchill has a long history of disciplined investing across multiple economic cycles and our unique origination strategy, best in class execution and investment are driven by more than 120 professionals in New York, Charlotte, Chicago, Dallas and Los Angeles.

Source: Yahoo Finance

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