# Churchill Asset Management

Churchill Asset Management is a Private Equity based in New York, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2019
- **Assets under management:** Undisclosed
- **Website:** churchillam.com

## Regulatory record

- **CRD number:** 304945
- **SEC file number:** 801-117277
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/304945

## About

Churchill DLC Advisor is an SEC-registered investment adviser in New York, NY, registered since 2019. The firm manages approximately $2.1 billion in regulatory assets. It has 206 employees and 79 investment advisers.

## Sectors

- Private Credit
- Secondaries & Special Situations

## Offices

- Charlotte, NC
- Chicago, IL
- Los Angeles, CA
- Palm Beach, FL

## People

- Ken Kencel — CEO
- Randy Schwimmer — Chief Investment Strategist

## Questions

### Who runs investment decisions at Churchill Asset Management?

CEO Ken Kencel leads the firm, with Chief Investment Strategist Randy Schwimmer serving as a senior voice on market positioning and portfolio construction. Churchill operates with an investment committee structure typical of institutional private credit managers, but specific committee members are not publicly listed in detail.

### How does Churchill source its deal flow?

Churchill emphasizes a proprietary origination model built on long-standing relationships with middle-market private equity sponsors. The firm positions itself as a consistent and reliable capital provider to private equity firms, which it credits for driving repeat deal flow rather than relying on broad auction processes.

### Does Churchill participate in fund commitments or only direct deals?

Churchill participates in both. The firm directly originates senior, unitranche, second lien, and mezzanine loans, as well as equity co-investments, but it also makes private equity fund commitments and offers secondary solutions as part of its strategy.

### What is Churchill's relationship to Arcmont Asset Management?

Churchill and Arcmont are sister companies under Nuveen Private Capital, a $99 billion private capital platform owned by TIAA. Churchill covers the U.S. market, while Arcmont focuses on European private debt. Together they form one of the largest private debt managers globally.

### Where does Churchill's capital come from?

Churchill invests on behalf of institutional investors, including its parent company TIAA, which commits material capital alongside third-party limited partners. The firm runs a business development company (BDC) and other pooled vehicles, and its permanent capital base from TIAA provides alignment and stability not common among standalone direct lenders.

### What is Churchill's posture on co-investments alongside external GPs?

Churchill actively makes equity co-investments alongside private equity sponsors in middle-market companies. Recent examples include equity investments in Harvest Group alongside Mountaingate Capital and in Hiller Companies alongside Wind Point Partners, both completed in early 2026.

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- [Chunteng Growth Capital](https://altss.com/profile/chunteng-growth-capital)
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Last updated: 2026-06-03T20:00:00.000Z

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