Nuveen Churchill Direct Lending (NCDL) Assets Average (2023 - 2026)
Nuveen Churchill Direct Lending (NCDL) reported Assets Average of $2.1 billion for Q1 2026, down 4.94% on a YoY basis from $2.2 billion in Q1 2025, and little changed sequentially from $2.0 billion in Q4 2025.
Nuveen Churchill Direct Lending (NCDL) Assets Average (2023 - 2026) Analysis & Trends
Nuveen Churchill Direct Lending (NCDL) has 4 years of Assets Average data on file, last reported at $2.1 billion in Q1 2026.
- For the quarter ending Q1 2026, Assets Average fell 4.94% year-over-year to $2.1 billion; the trailing twelve-month figure through Mar 2026 stood at $2.1 billion (down 4.94% YoY), and the FY2025 full-year result was $2.1 billion, up 8.35% from the prior year.
- Assets Average was little changed at $2.1 billion in Q1 2026, from $2.0 billion in the prior quarter.
- In the past five years, Assets Average ranged from a high of $2.2 billion in Q1 2025 to a low of $1.3 billion in Q1 2023.
- A 4-year average of $1.9 billion and a median of $2.0 billion in 2025 frame the typical range for Assets Average.
- Across the five-year window, Assets Average soared 44.91% in 2024 and decreased 4.94% in 2026, its largest moves.
- Tracing NCDL's Assets Average over 4 years: stood at $1.6 billion in 2023, then soared by 31.02% to $2.1 billion in 2024, then decreased by 4.36% to $2.0 billion in 2025, then gained by 0.15% to $2.1 billion in 2026.
- Business Quant data shows NCDL's Assets Average at $2.1 billion in Q1 2026, $2.0 billion in Q4 2025, and $2.1 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Assets Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | - |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 170.12 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 48.02 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 464.24 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 379.11 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 187.68 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 175.85 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 90.35 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 14.37 Bn |
| 10 | Nuveen Churchill Direct Lending | 598.08 Mn | 595.34 Mn | - | 2.05 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.05 Bn |
| Dec 31, 2025 | 2.05 Bn |
| Sep 30, 2025 | 2.06 Bn |
| Jun 30, 2025 | 2.12 Bn |
| Mar 31, 2025 | 2.16 Bn |
| Dec 31, 2024 | 2.14 Bn |
| Sep 30, 2024 | 2.11 Bn |
| Jun 30, 2024 | 1.98 Bn |
| Mar 31, 2024 | 1.80 Bn |
| Dec 31, 2023 | 1.63 Bn |
| Sep 30, 2023 | 1.47 Bn |
| Jun 30, 2023 | 1.37 Bn |
| Mar 31, 2023 | 1.29 Bn |