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

Nuveen Churchill Direct Lending's Accumulated Expenses history runs 5 years deep, the most recent figure standing at $8.4 million for Q1 2026.

• In Q1 2026, Accumulated Expenses fell 19.44% year-over-year to $8.4 million; the TTM figure through Mar 2026 stood at $8.4 million (down 19.44% YoY), while the FY2025 annual figure 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.
• A 5-year average of $12.8 million and a median of $11.2 million in 2023 frame the typical range for Accumulated Expenses.
• Across the five-year window, Accumulated Expenses jumped 88.08% in 2024 and retreated 29.01% in 2025, its largest moves.
• Nuveen Churchill Direct Lending's Accumulated Expenses stood at $8.8 million in 2022, then rose by 11.63% to $9.8 million in 2023, then jumped by 31.82% to $13.0 million in 2024, then climbed by 18.38% to $15.4 million in 2025, then plunged 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.

Peer Comparison