Key Takeaways
- • Churchill Asset Management, the U.S. asset management arm of Nuveen Private Capital (NPC), has appointed Brynjar Agnarsson as Managing Director and Senior Investment Strategist, focused on developing U.S. private credit solutions for EMEA investors.
- • Agnarsson joins from PJT Park Hill Group, where he was a Managing Director advising European investors on private placements for alternative investment funds, and previously spent eight years at The Carlyle Group handling private credit fundraising across EMEA.
- • Agnarsson will report to Michael Foley, Head of Institutional at Churchill, and will support NPC's global business development team and Nuveen's Global Client Group.
- • Churchill has over $56 billion in committed capital; combined with Arcmont, NPC is an $86 billion private capital platform, with Churchill and Arcmont deploying over $20 billion in the 12 months ended 9/30/25.
Summary
Churchill Asset Management LLC, the U.S. asset management company of Nuveen Private Capital, announced that Brynjar Agnarsson has joined as a Managing Director and Senior Investment Strategist. His mandate is to develop U.S. private credit solutions for investors in Europe, the Middle East and Africa (EMEA). He will report to Michael Foley, Head of Institutional at Churchill.
In the role, Agnarsson will support NPC's global business development team and Nuveen's Global Client Group to provide EMEA investors with access to Churchill's U.S. senior lending and junior capital strategies. According to the announcement, Churchill has provided flexible financing to U.S. private equity-backed middle market companies for nearly two decades and manages over $56 billion in committed capital.
Foley said there is a growing appetite among European institutions for U.S. middle market private credit, citing its potential for attractive risk-adjusted returns, resilience through market cycles and portfolio diversification. He added that Agnarsson's experience and relationships across Europe will build on NPC's existing investor base in the region.
Agnarsson most recently served at PJT Park Hill Group as a Managing Director advising European investors on private placements for alternative investment funds. Earlier, he spent eight years at The Carlyle Group responsible for private credit fundraising across EMEA. He said European investors value geographic diversification, proven track records and differentiated private equity relationships, areas where he said Churchill has established clear market leadership.
NPC was formed in March 2023 after Nuveen's majority acquisition of Arcmont. Together with Churchill, it forms an $86 billion private capital platform. Churchill and Arcmont have collectively deployed over $20 billion in support of U.S. and European private equity firms and their portfolio companies over the 12 months ended 9/30/25.
In the role, Agnarsson will support NPC's global business development team and Nuveen's Global Client Group to provide EMEA investors with access to Churchill's U.S. senior lending and junior capital strategies. According to the announcement, Churchill has provided flexible financing to U.S. private equity-backed middle market companies for nearly two decades and manages over $56 billion in committed capital.
Foley said there is a growing appetite among European institutions for U.S. middle market private credit, citing its potential for attractive risk-adjusted returns, resilience through market cycles and portfolio diversification. He added that Agnarsson's experience and relationships across Europe will build on NPC's existing investor base in the region.
Agnarsson most recently served at PJT Park Hill Group as a Managing Director advising European investors on private placements for alternative investment funds. Earlier, he spent eight years at The Carlyle Group responsible for private credit fundraising across EMEA. He said European investors value geographic diversification, proven track records and differentiated private equity relationships, areas where he said Churchill has established clear market leadership.
NPC was formed in March 2023 after Nuveen's majority acquisition of Arcmont. Together with Churchill, it forms an $86 billion private capital platform. Churchill and Arcmont have collectively deployed over $20 billion in support of U.S. and European private equity firms and their portfolio companies over the 12 months ended 9/30/25.
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