Nuveen Churchill Direct Lending (NCDL) Assets (2022 - 2026)

Nuveen Churchill Direct Lending recorded quarterly Assets of $2.0 billion in Q1 2026, little changed quarter-over-quarter from $2.1 billion in Q4 2025, and down 5.7% year-over-year from $2.2 billion in Q1 2025.

Nuveen Churchill Direct Lending's Assets history runs 5 years deep, the most recent figure standing at $2.0 billion for Q1 2026.

  • In Q1 2026, Assets fell 5.7% year-over-year to $2.0 billion; the TTM figure through Mar 2026 stood at $2.0 billion (down 5.7% YoY), while the FY2025 annual figure was $2.1 billion, down 4.16% from the prior year.
  • Assets came in at $2.0 billion for Q1 2026 at Nuveen Churchill Direct Lending, roughly flat from $2.1 billion in the prior quarter.
  • In the past five years, Assets ranged from a high of $2.2 billion in Q1 2025 to a low of $1.3 billion in Q4 2022.
  • A 5-year average of $1.8 billion and a median of $2.0 billion in 2025 frame the typical range for Assets.
  • Across the five-year window, Assets jumped 47.61% in 2024 and dropped 5.7% in 2026, its largest moves.
  • Nuveen Churchill Direct Lending's Assets stood at $1.3 billion in 2022, then jumped by 38.03% to $1.7 billion in 2023, then gained by 23.85% to $2.1 billion in 2024, then fell by 4.16% to $2.1 billion in 2025, then dropped by 0.28% to $2.0 billion in 2026.
  • According to Business Quant data, Assets over the past three periods registered $2.0 billion, $2.1 billion, and $2.0 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Assets (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 170.24 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 48.33 Bn
3 Kkr 84.94 Bn 132.45 Bn - 412.08 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 17.94 Bn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 467.53 Bn
6 State Street 44.42 Bn 18.75 Bn - 392.17 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 184.45 Bn
8 Northern Trust 31.21 Bn 31.21 Bn - 174.57 Bn
9 Ares Management 28.85 Bn 32.22 Bn - 28.39 Bn
10 Nuveen Churchill Direct Lending 661.29 Mn 651.05 Mn - 2.05 Bn

Historic Data

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DateValue
Mar 31, 2026 2.05 Bn
Dec 31, 2025 2.05 Bn
Sep 30, 2025 2.04 Bn
Jun 30, 2025 2.07 Bn
Mar 31, 2025 2.17 Bn
Dec 31, 2024 2.14 Bn
Sep 30, 2024 2.14 Bn
Jun 30, 2024 2.08 Bn
Mar 31, 2024 1.88 Bn
Dec 31, 2023 1.73 Bn
Sep 30, 2023 1.54 Bn
Jun 30, 2023 1.41 Bn
Mar 31, 2023 1.32 Bn
Dec 31, 2022 1.25 Bn