Features
Direct lending volume fell 3% q-o-q to US$61bn in 3Q26
US direct lending issuance weakened in 3Q26, marking its third consecutive quarterly decline. Volume fell 3% quarter-over-quarter to US$61bn, 30%…
Rafay Farooqui on the digitization, tokenization, and AI of private credit
A conversation with Rafay Farooqui, Founder and CEO of SUBSCRIBE.
About us
About Churchill
Churchill, an investment-specialist affiliate of Nuveen (the asset manager of TIAA), provides customized financing solutions to U.S. middle market private equity firms and their portfolio companies across the capital structure. With $66 billion of committed capital, the firm provides first lien, unitranche, second lien and mezzanine debt, in addition to equity co-investments, secondary solutions and private equity fund commitments.
Featured Video
Latest news
US leveraged loans returns turn negative in October
The Bloomberg US Leveraged Loan Index (Ticker: LOAN) has returned -0.26% this month through October 21, reducing its year-to-date return…
M&A activity begins to tick upward
In the third quarter of 2026, acquisition-linked loan volume across North America and Europe reached about $47 billion, up from $30.6 billion in Q2 and $29.5 billion a year ago.
$1trn and counting
Investor allocations to private credit climbed by nearly a quarter year-on-year as positive sentiment shows no sign of weakening. The…

Why Capital Solutions: First of Series
Remember HBO GO? It launched in 2010, letting cable subscribers stream HBO content online. Since then, it’s been rebranded more times than anyone can keep track of.