The U.S. private capital affiliate of Nuveen Private Capital, Churchill Asset Management, has raised more than $16 billion in committed capital for its most recent senior lending program.

This is the firm's largest capital raise to date and includes closing of the fifth vintage of the firm's flagship senior loan strategy, as well as separately managed accounts (the Funds), it said in a press release Wednesday.

Commitments From 325 Global Investors

The funds attracted commitments from 325 institutional and high-net-worth investors globally. This included public and private pension plans, insurance companies, superannuations and family offices based in North America, Europe, the Middle East and Asia.

Churchill’s senior lending strategy provides first lien and unitranche financing to U.S. middle market companies backed by private equity sponsors. The firm also offers a full spectrum of private capital solutions across the capital structure.

Along wits sister company, Arcmont Asset Management, Churchill is part of Nuveen Private Capital – a $94 billion global private capital platform.

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