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
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