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

Nuveen Churchill Direct Lending (NCDL) has 5 years of Accumulated Expenses data on file, last reported at $8.4 million in Q1 2026.

• For the quarter ending Q1 2026, Accumulated Expenses fell 19.44% year-over-year to $8.4 million; the trailing twelve-month figure through Mar 2026 stood at $8.4 million (down 19.44% YoY), and the FY2025 full-year result was $15.4 million, up 18.38% from the prior year.
• Accumulated Expenses declined to $8.4 million in Q1 2026, 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 soared 88.08% in 2024 and fell 29.01% in 2025, its largest moves.
• Tracing NCDL's Accumulated Expenses over 5 years: stood at $8.8 million in 2022, then grew by 11.63% to $9.8 million in 2023, then surged by 31.82% to $13.0 million in 2024, then gained by 18.38% to $15.4 million in 2025, then slumped by 45.34% to $8.4 million in 2026.
• Business Quant data shows NCDL's Accumulated Expenses at $8.4 million in Q1 2026, $15.4 million in Q4 2025, and $11.0 million in Q3 2025.