Nuveen Churchill Direct Lending (NCDL) Assets Average (2023 - 2026)

Nuveen Churchill Direct Lending's (NCDL) quarterly Assets Average came in at $2.1 billion in Q1 2026, down 4.94% year-on-year from $2.2 billion in Q1 2025, and little changed quarter-over-quarter from $2.0 billion in Q4 2025.

Nuveen Churchill Direct Lending (NCDL) Assets Average (2023 - 2026) Analysis & Trends

Nuveen Churchill Direct Lending has disclosed Assets Average across 4 years of filings, most recently posting $2.1 billion for Q1 2026.

  • Assets Average for Q1 2026 came in at $2.1 billion, down 4.94% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.1 billion (down 4.94% YoY), and the FY2025 annual result was $2.1 billion, up 8.35% from the prior year.
  • Assets Average came in at $2.1 billion for Q1 2026 at Nuveen Churchill Direct Lending, roughly flat 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.
  • The 4-year median for Assets Average is $2.0 billion (2025), against an average of $1.9 billion.
  • Across the five-year window, Assets Average soared 44.91% in 2024 and decreased 4.94% in 2026, its largest moves.
  • Nuveen Churchill Direct Lending's Assets Average stood at $1.6 billion in 2023, then jumped by 31.02% to $2.1 billion in 2024, then slipped by 4.36% to $2.0 billion in 2025, then advanced by 0.15% to $2.1 billion in 2026.
  • The last three Assets Average figures came in at $2.1 billion (Q1 2026), $2.0 billion (Q4 2025), and $2.1 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Assets Avg. (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - 170.12 Bn
2 Blackstone 96.85 Bn 95.80 Bn - 48.02 Bn
3 Kkr 86.45 Bn 133.96 Bn - 411.11 Bn
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 464.24 Bn
5 State Street 46.95 Bn 21.27 Bn - 379.11 Bn
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 187.68 Bn
7 Northern Trust 31.92 Bn 31.92 Bn - 175.85 Bn
8 Raymond James Financial 30.62 Bn 19.37 Bn - 90.35 Bn
9 Ares Management 29.04 Bn 32.41 Bn - 28.51 Bn
10 Nuveen Churchill Direct Lending 601.78 Mn 591.54 Mn - 2.05 Bn

Historic Data

Download Data
DateValue
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