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Nuveen Churchill Direct Lending (NCDL) Accumulated Expenses (2022 - 2025)

Nuveen Churchill Direct Lending (NCDL) has disclosed Accumulated Expenses for 4 consecutive years, with $15.4 million as the latest value for Q4 2025.

  • Quarterly Accumulated Expenses rose 18.38% to $15.4 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $15.4 million through Dec 2025, up 18.38% year-over-year, with the annual reading at $15.4 million for FY2025, 18.38% up from the prior year.
  • Accumulated Expenses hit $15.4 million in Q4 2025 for Nuveen Churchill Direct Lending, up from $11.0 million in the prior quarter.
  • In the past five years, Accumulated Expenses ranged from a high of $21.3 million in Q2 2024 to a low of $8.8 million in Q4 2022.
  • Historically, Accumulated Expenses has averaged $13.1 million across 4 years, with a median of $11.3 million in 2023.
  • Biggest five-year swings in Accumulated Expenses: surged 88.08% in 2024 and later decreased 29.01% in 2025.
  • Year by year, Accumulated Expenses stood at $8.8 million in 2022, then grew by 11.63% to $9.8 million in 2023, then surged by 31.82% to $13.0 million in 2024, then grew by 18.38% to $15.4 million in 2025.
  • Business Quant data shows Accumulated Expenses for NCDL at $15.4 million in Q4 2025, $11.0 million in Q3 2025, and $20.1 million in Q2 2025.