Churchill Asset Administration has reported file funding exercise in 2024, with greater than $13bn (£10.5bn) both closed or dedicated throughout roughly 400 transactions.
This represents an 18 per cent year-on-year enhance within the agency’s funding exercise.
The asset supervisor – which is the US non-public capital funding specialist of Nuveen – additionally raised greater than $10bn over the course of the 12 months. This brings the agency’s whole dedicated capital to $52bn, representing greater than 4,000 institutional, household workplace and high-net value traders globally.
“Our 2024 outcomes showcase the energy of our cycle-tested, relationship-driven platform and our capacity to ship tailor-made non-public capital options to satisfy the wants of personal fairness sponsors and traders – regardless of the financial surroundings,” mentioned Ken Kencel, Churchill AM’s president and chief government.
Learn extra: Nuveen Personal Capital appoints two managing administrators
“We stay steadfast in our dedication to being a trusted accomplice for our shoppers and, with elevated readability on rates of interest and a optimistic macroeconomic backdrop, we look ahead to the alternatives that 2025 will convey.
“We’re notably excited concerning the potential we see in non-public wealth and secondaries.”
Nuveen Personal Capital, which is comprised of Churchill and UK-based Arcmont Asset Administration, reached roughly $78bn in dedicated capital final 12 months, and expanded its consumer protection capabilities around the globe with numerous senior hires.
The agency has additionally introduced a sequence of upcoming promotions which shall be made official on 1 March 2025.
Within the senior lending division, Sean Mancini and Paul Sadlowski shall be promoted to administrators of origination, and Andrew Passero shall be named principal, origination.
Learn extra: Churchill makes investor relations rent to spice up retail and wealth providing
Amid a slew of different in-house appointments, Derek Fricke has been named senior managing director, head of direct investments. Gene Miao will change into senior managing director, senior funding strategist; whereas Emily Manuel shall be managing director, investor relations.
“We’re proud to recognise the distinctive expertise and dedication of our staff via these well-deserved promotions,” mentioned Shai Vichness, chief monetary officer of Churchill Asset Administration.
“Their contributions have been instrumental in driving our success and supporting our shoppers with progressive options.
“As we develop, investing in our folks stays on the core of our mission to ship worth and excellence throughout our platform.”
Learn extra: Nuveen Personal Capital hires head of Nordics enterprise growth