Features
Number of smaller funds dwindles
Analysis of fund-close data found that vehicles valued at under $250m have seen a rapid decline since 2024.While PEI Private…
US leveraged loan issuance rebounds in September
Following three consecutive months of declining issuance, the US leveraged loan market has reversed course in September. Approximately $48.7b of…
US private credit transparency highlights uneven BDC performance
Credit performance across business development company (BDC) portfolios remains uneven, although reported losses and non-accruals were broadly stable quarter over quarter, according to Fitch Ratings’ Private Credit Transparency Monitor for 2Q26.
Credit discipline through the cycle - Lessons from a pension fund
A conversation with Igor Baranovski, Chief Portfolio Manager on the Alternative Investments team at PenSam.
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
Partners
Content from leading partners
Latest news
European mid-market direct lending margins face steady compression since 2024
European mid-market direct lending margins have seen consistent compression over recent years but recorded a slight increase in the second quarter of 2026, reaching an average of 553bps over reference rates, up from 542bps in the first quarter.
US leveraged loan issuance rebounds in September
Following three consecutive months of declining issuance, the US leveraged loan market has reversed course in September. Approximately $48.7b of…
Reversion to the Mean
Climbing toward the average is a very different story than surpassing it.
Private Credit Defaults 101: Where Are We in the Cycle?
“We’re in a credit cycle. People denied it for a while. I don’t think there’s a lot of denial anymore.” That’s how one lender sees things today.