Nuveen Churchill Direct Lending (NCDL) Accumulated Expenses (2022 - 2026)

Nuveen Churchill Direct Lending has disclosed Accumulated Expenses across 5 years of filings, most recently posting $8.4 million for Q1 2026.

• Accumulated Expenses for Q1 2026 came in at $8.4 million, down 19.44% year-over-year; the trailing twelve-month figure through Mar 2026 was $8.4 million (down 19.44% YoY), and the FY2025 annual result was $15.4 million, up 18.38% from the prior year.
• Accumulated Expenses came in at $8.4 million for Q1 2026 at Nuveen Churchill Direct Lending, down from $15.4 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 $8.4 million in Q1 2026.
• The 5-year median for Accumulated Expenses is $11.2 million (2023), against an average of $12.8 million.
• Across the five-year window, Accumulated Expenses soared 88.08% in 2024 and fell 29.01% in 2025, its largest moves.
• Nuveen Churchill Direct Lending's Accumulated Expenses stood at $8.8 million in 2022, then increased by 11.63% to $9.8 million in 2023, then soared by 31.82% to $13.0 million in 2024, then advanced by 18.38% to $15.4 million in 2025, then sank by 45.34% to $8.4 million in 2026.
• The last three Accumulated Expenses figures came in at $8.4 million (Q1 2026), $15.4 million (Q4 2025), and $11.0 million (Q3 2025), per Business Quant data.