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

Nuveen Churchill Direct Lending's Accumulated Expenses history spans 4 years, with the latest figure at $15.4 million for Q4 2025.

  • For Q4 2025, Accumulated Expenses rose 18.38% year-over-year to $15.4 million; the TTM value through Dec 2025 reached $15.4 million, up 18.38%, while the annual FY2025 figure was $15.4 million, 18.38% up from the prior year.
  • Accumulated Expenses for Q4 2025 was $15.4 million at Nuveen Churchill Direct Lending, up from $11.0 million in the prior quarter.
  • Across five years, Accumulated Expenses topped out at $21.3 million in Q2 2024 and bottomed at $8.8 million in Q4 2022.
  • The 4-year median for Accumulated Expenses is $11.3 million (2023), against an average of $13.1 million.
  • The largest annual shift saw Accumulated Expenses skyrocketed 88.08% in 2024 before it dropped 29.01% in 2025.
  • A 4-year view of Accumulated Expenses shows it stood at $8.8 million in 2022, then rose by 11.63% to $9.8 million in 2023, then skyrocketed by 31.82% to $13.0 million in 2024, then rose by 18.38% to $15.4 million in 2025.
  • Per Business Quant, the three most recent readings for NCDL's Accumulated Expenses are $15.4 million (Q4 2025), $11.0 million (Q3 2025), and $20.1 million (Q2 2025).