Nuveen Churchill Direct Lending Corp. (NCDL)
Nuveen Churchill Direct Lending Corp. (NCDL), initially formed as a Delaware limited liability company on March 13, 2018, and subsequently restructured into a Maryland corporation on June 18, 2019, prior to commencing its business activities, operates as a closed-end, externally managed, non-diversified investment company. It has chosen to be regulated as a Business Development Company (BDC) under the Investment Company Act of 1940, as amended. The firm's principal investment goal is to generate appealing risk-adjusted returns, primarily through current income. This is achieved by predominantly investing in senior secured loans provided to private equity-backed U.S. middle market companies, which NCDL identifies as enterprises with annual earnings before interest, taxes, depreciation, and amortization (EBITDA) generally ranging from $10.0 million to $100.0 million. Its portfolio will largely comprise what it refers to as "Senior Loans," primarily consisting of privately originated first-lien senior secured debt and unitranche loans (excluding "last-out" positions) to these performing U.S. middle market businesses. Additionally, the company selectively pursues "Junior Capital Investments," which include instruments such as second-lien loans, subordinated debt, last-out unitranche loan positions, and various equity-related securities.
Industry: Asset Management
Nuveen Churchill Direct Lending Corp.
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based on 49.39M shares outstanding
Nuveen Churchill Direct Lending Corp. (the Company) is business development company and was formed on March 13, 2018, as a limited liability company under the laws of the State of Delaware and was converted into a Maryland corporation on June 18, 2019 prior to the commencement of operations. The Company is a closed-end, externally managed, non-diversified management investment company that has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940, as amended (the 1940 Act). The Company's investment objective is to generate attractive risk-adjusted returns primarily through current income by investing primarily in senior secured loans to private equity-owned U.S. middle market companies, which the Company defines as companies with approximately $10.0 million to $100.0 million of earnings before interest, taxes, depreciation and amortization (EBITDA). The Company will focus on privately originated debt to performing U.S. middle market companies, with a portfolio expected to comprise primarily of first-lien senior secured debt and unitranche loans (other than last-out positions in unitranche loans) (collectively Senior Loans). The Company will also opportunistically invest in junior capital opportunities (second-lien loans, subordinated debt, last-out positions in unitranche loans and equity-related securities) (collectively Junior Capital Investments).
Leadership
Kenneth Kencel
Director
Stephen Potter
Director
Alona Tolentino Gornick
MD of Senior Investment Strategist & Co-Head of Chicago Office
Charmagne Beth Kukulka
Chief Compliance Officer
Employees
--
Country
US
Sector
Financial Services
Website
churchillam.com
| Insider | Title | Type | Shares | Value | Date |
|---|---|---|---|---|---|
| Chief Financial Off./Treasurer | Purchase | 5.0K | $61.3K | Sep 14, 2026 | |
| Chief Financial Off./Treasurer | Other | 431.156 | -- | Jul 27, 2026 | |
| Vice President & Secretary | Purchase | 7.5K | $99.5K | May 15, 2026 | |
| Chief Financial Off./Treasurer | Purchase | 5.0K | $66.0K | May 14, 2026 | |
| Chief Accounting Officer | Purchase | 3.8K | $50.0K | May 12, 2026 | |
| Chief Financial Off./Treasurer | Other | 385.77 | $5.5K | Apr 27, 2026 |
| Name | Shares | % | Source |
|---|---|---|---|
Teachers Insurance and Annuity Association of America · may incl. warrants· stale · filed Feb 2024 | 6.8M | 13.8% | 13G |
Peakline Partners, LLC · may incl. warrants· filed Dec 2025 | 5.5M | 11.2% | 13G |
Kuvare Insurance Services LP · may incl. warrants· stale · filed Feb 2024 | 3.4M | 6.9% | 13G |
Blue Owl Capital Holdings LP | 2.1M | 4.3% | 13F |
Blue Owl Capital Holdings LP · also on 13F· may incl. warrants· filed Feb 2026 | 2.1M | 4.3% | 13G |
Corient Private Wealth LP | 1.6M | 3.3% | 13F |
UBS Group AG | 997.8K | 2.0% | 13F |
ARES MANAGEMENT LLC | 958.8K | 1.9% | 13F |
BROWN BROTHERS HARRIMAN & CO | 922.0K | 1.9% | 13F |
Invesco Ltd. | 893.3K | 1.8% | 13F |
Insiders
- Vichness ShaulChief Financial Off./Treasurer
- McCally JohnVice President & Secretary
- Hassen MarissaChief Accounting Officer
- RITCHIE JAMES JOSEPHDirector
- Linett Mat
- Strife Jason
- Kencel Kenneth J.CEO & President
- Miranda Kenneth M.Director
based on 49.39M shares outstanding
30d Avg
291.28K
60d Avg
248.81K
90d Avg
219.07K