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

Nuveen Churchill Direct Lending has reported Accumulated Expenses for 5 years, with the latest figure at $8.4 million in Q1 2026.

• Quarterly Accumulated Expenses fell 19.44% year-over-year to $8.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $8.4 million (down 19.44% YoY) and the FY2025 annual result came in at $15.4 million, up 18.38% from the prior year.
• Accumulated Expenses declined to $8.4 million in Q1 2026 per NCDL's latest filing, from $15.4 million in the prior quarter.
• Over five years, Accumulated Expenses peaked at $21.3 million in Q2 2024 and troughed at $8.4 million in Q1 2026.
• A 5-year average of $12.8 million and a median of $11.2 million in 2023 frame the typical range for Accumulated Expenses.
• The sharpest annual moves came in 2024 and 2025: Accumulated Expenses surged 88.08% in 2024, then decreased 29.01% in 2025.
• Over 5 years, Accumulated Expenses stood at $8.8 million in 2022, then gained 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, then sank by 45.34% to $8.4 million in 2026.
• According to Business Quant data, Accumulated Expenses over the past three periods registered $8.4 million, $15.4 million, and $11.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.