Searches and Hires

Oakland County earmarks $40 million for Churchill Asset Management

Oakland County Retirement and Deferred Compensation Board, Waterford, Mich., committed a total of $40 million to Churchill Asset Management for management in a middle-market debt and direct lending strategy, confirmed Silvia Frank, secretary of the board, in an email.

The county's $780 million defined benefit plan earmarked $15 million to TGAM Churchill Middle Market Senior Loan Fund with the balance coming from the municipality's $1.2 billion VEBA plan.

Churchill is a new manager for both funds, said Christopher J. Kuhn, a senior consultant at AndCo Consulting, the funds' investment consultant, in an email.

The funding sources for the commitments could not be learned.