Key Takeaways
- • Nuveen Private Capital, the platform combining Churchill Asset Management and Arcmont Asset Management, has surpassed $100 billion in committed capital, according to a Business Wire announcement.
- • The milestone was reached three years after the platform was formed in March 2023 by combining the U.S. lender Churchill and the European lender Arcmont.
- • Committed capital has grown by more than 50% since inception, per HedgeCo.Net reporting on the announcement.
- • The platform employs about 400 professionals across 15 offices and serves more than 6,000 investors, according to HedgeCo.Net.
Summary
Nuveen Private Capital, comprised of the U.S. manager Churchill Asset Management and the European manager Arcmont Asset Management, announced that it has surpassed $100 billion in committed capital, according to a Business Wire release datelined London. The company described the milestone as significant for the platform's growth and said it positions the combined business as one of the largest private credit managers in the world.
The milestone was reached three years after Churchill and Arcmont were brought together under the Nuveen Private Capital platform in March 2023. According to HedgeCo.Net, Nuveen, the investment manager of TIAA, said committed capital has grown by more than 50% since inception. The platform now has about 400 professionals across 15 offices and serves more than 6,000 investors, per the same report.
The announcement underscores the scale that Nuveen has built in private credit through the integration of a U.S. direct lending franchise and a European counterpart. Additional coverage from Pulse 2.0, InvestorDaily and Business Matters repeated the headline figure of $100 billion in committed capital.
The milestone was reached three years after Churchill and Arcmont were brought together under the Nuveen Private Capital platform in March 2023. According to HedgeCo.Net, Nuveen, the investment manager of TIAA, said committed capital has grown by more than 50% since inception. The platform now has about 400 professionals across 15 offices and serves more than 6,000 investors, per the same report.
The announcement underscores the scale that Nuveen has built in private credit through the integration of a U.S. direct lending franchise and a European counterpart. Additional coverage from Pulse 2.0, InvestorDaily and Business Matters repeated the headline figure of $100 billion in committed capital.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.