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Churchill Closes New Co-Investment Fund
- Churchill Asset Management, an affiliate of Nuveen, has closed its Churchill Co-Investment Fund II LP with $1.5 billion in limited partner commitments.
- Fund II includes sovereign wealth funds, pension plans, insurance companies, and high-net-worth individuals as limited partners.
- Nearly 20% of the capital for Fund II was raised from high-net-worth investors globally.
- Jason Strife, head of junior capital and private equity solutions at Churchill, expressed pride in closing the co-investment fund.
- Churchill Asset Management provides equity co-investments, senior debt, and junior capital to companies with enterprise values between $100 million and $1 billion.
- The company has invested over $11 billion in US middle market deals since its establishment in 2006.
- Moshe Bajnon, global head of private wealth at Churchill, noted the increasing focus of individual investors on alternative investment strategies.
- Churchill's success with Fund II indicates strong demand from high-net-worth investors for private capital opportunities.
- Churchill Asset Management is a subsidiary of Nuveen, headquartered in New York City.
- The fund's close highlights the growing interest in co-investment opportunities within the private markets.
- The significant limited partner commitments reflect confidence in Churchill's investment strategies.
- Investors in Fund II include a diverse range of institutions and individuals.
- The combination of Churchill's track record and Nuveen's marketplace relationships positions them as leaders in expanding private market access.
- The success of Fund II in the wealth channel underscores the demand for differentiated private capital opportunities.
- Churchill leverages its model for early access to pre-syndication deal flow, sourcing a high volume of attractive opportunities.
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