Churchill Asset Management LLC, an investment-specialist affiliate of Nuveen that provides customized financing solutions to U.S. middle market focused private equity sponsors and their portfolio companies, has made a significant investment into its private equity platform with the closing of two new funds totaling approximately $1.5 billion of committed capital. Churchill Secondary Partners LP and Churchill Co-Investment Partners LP were established in partnership with Ardian, a private investment house, as part of a strategic transaction that expanded institutional investor access to Churchill’s private equity platform.
“The strategic nature of the Secondary Fund and Co-Investment Fund along with Churchill’s market leading private equity platform attracted a select group of prominent global institutional investors alongside Ardian. We look forward to long lasting partnerships with these investors,” said Chris Freeze, head of investor relations at Churchill.
“This transaction highlights Churchill’s reputation as a leading investor and co-investment partner. We can offer investors differentiated investment opportunities in the U.S. middle market through bespoke products,” said Jason Strife, head of private equity and junior capital at Churchill. “The Co-Investment Fund provides us additional capacity to deliver on our growing investment pipeline.”
Vladimir Colas, member of Ardian’s executive committee and co-head of Ardian US added, “The Churchill team has an established co-investment track record and extensive relationships with middle market private equity sponsors making them a strong strategic partner for Ardian. We enjoyed working with the Churchill team on this landmark transaction and look forward to our partnership.”
Campbell Lutyens & Co. was the exclusive financial advisor to Churchill.