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| 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 |