Nuveen Churchill Direct Lending (NCDL) Assets Average (2023 - 2026)
Nuveen Churchill Direct Lending (NCDL) posted Assets Average of $2.1 billion for Q1 2026, little changed sequentially from $2.0 billion in Q4 2025, and down 4.94% YoY from $2.2 billion in Q1 2025.
Nuveen Churchill Direct Lending (NCDL) Assets Average (2023 - 2026) Analysis & Trends
Nuveen Churchill Direct Lending has reported Assets Average for 4 years, with the latest figure at $2.1 billion in Q1 2026.
- Quarterly Assets Average fell 4.94% year-over-year to $2.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.1 billion (down 4.94% YoY) and the FY2025 annual result came in at $2.1 billion, up 8.35% from the prior year.
- Assets Average was little changed at $2.1 billion in Q1 2026 per NCDL's latest filing, from $2.0 billion in the prior quarter.
- Over five years, Assets Average peaked at $2.2 billion in Q1 2025 and troughed at $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.
- The sharpest annual moves came in 2024 and 2026: Assets Average surged 44.91% in 2024, then dropped 4.94% in 2026.
- Over 4 years, Assets Average stood at $1.6 billion in 2023, then soared by 31.02% to $2.1 billion in 2024, then declined by 4.36% to $2.0 billion in 2025, then grew by 0.15% to $2.1 billion in 2026.
- According to Business Quant data, Assets Average over the past three periods registered $2.1 billion, $2.0 billion, and $2.1 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 Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 173.06 Bn |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 49.11 Bn |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | - |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | - |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 19.01 Bn |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 480.79 Bn |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 405.27 Bn |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 191.16 Bn |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 176.94 Bn |
| 10 | Nuveen Churchill Direct Lending | 612.40 Mn | 571.64 Mn | - | 2.02 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.02 Bn |
| 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 |