Churchill Asset Management, Nuveen's private credit subsidiary, closed the Churchill Middle Market Senior Loan Fund at $1.1 billion, its first fund as part of Nuveen, said Steward Lewack, a Nuveen spokesman, in an email.
The fund invests in senior secured loans to U.S. middle-market private equity portfolio companies with annual cash flow of up to $100 million.
The fund attracted commitments from a diverse base of institutional clients globally,including pension plans, insurance companies, foundations, single and multifamily offices, and high-net-worth investors in North America, Europe, South America and Asia. Investors include the $780 million Oakland County Retirement and Deferred Compensation Board, Waterford, Mich.
