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.
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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
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