Nuveen Churchill Direct Lending (NCDL) Assets (2022 - 2026)
Nuveen Churchill Direct Lending (NCDL) posted Assets of $2.0 billion for Q1 2026, little changed sequentially from $2.1 billion in Q4 2025, and down 5.7% YoY from $2.2 billion in Q1 2025.
Nuveen Churchill Direct Lending (NCDL) Assets (2022 - 2026) Analysis & Trends
Nuveen Churchill Direct Lending has reported Assets for 5 years, with the latest figure at $2.0 billion in Q1 2026.
- Quarterly Assets fell 5.7% year-over-year to $2.0 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.0 billion (down 5.7% YoY) and the FY2025 annual result came in at $2.1 billion, down 4.16% from the prior year.
- Assets was little changed at $2.0 billion in Q1 2026 per NCDL's latest filing, from $2.1 billion in the prior quarter.
- Over five years, Assets peaked at $2.2 billion in Q1 2025 and troughed at $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.
- The sharpest annual moves came in 2024 and 2026: Assets surged 47.61% in 2024, then declined 5.7% in 2026.
- Over 5 years, Assets stood at $1.3 billion in 2022, then surged by 38.03% to $1.7 billion in 2023, then advanced by 23.85% to $2.1 billion in 2024, then retreated by 4.16% to $2.1 billion in 2025, then declined 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Assets (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.55 Bn | 165.68 Bn | - | 175.88 Bn |
| 2 | Blackstone | 114.86 Bn | 112.36 Bn | - | 49.89 Bn |
| 3 | Kkr | 97.27 Bn | -179.80 Bn | - | - |
| 4 | Brookfield | 93.37 Bn | 45.97 Bn | - | 525.52 Bn |
| 5 | Brookfield Asset Management | 83.51 Bn | 82.01 Bn | - | 20.08 Bn |
| 6 | Apollo Global Management | 78.50 Bn | 53.13 Bn | 10.54 Bn | 494.05 Bn |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - | 418.38 Bn |
| 8 | Ameriprise Financial | 51.25 Bn | 40.20 Bn | 4.72 Bn | 197.87 Bn |
| 9 | Raymond James Financial | 34.07 Bn | 20.82 Bn | - | 94.24 Bn |
| 10 | Nuveen Churchill Direct Lending | 606.97 Mn | 566.21 Mn | - | 1.99 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.99 Bn |
| 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 |