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

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

  • On a quarterly basis, Accumulated Expenses rose 18.38% to $15.4 million in Q4 2025 year-over-year; TTM through Dec 2025 was $15.4 million, a 18.38% increase, with the full-year FY2025 number at $15.4 million, up 18.38% from a year prior.
  • Accumulated Expenses hit $15.4 million in Q4 2025 for Nuveen Churchill Direct Lending, up from $11.0 million in the prior quarter.
  • Over the last five years, Accumulated Expenses for NCDL hit a ceiling of $21.3 million in Q2 2024 and a floor 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.
  • Tracing NCDL's Accumulated Expenses over 4 years: 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.
  • 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.