Nuveen Churchill Direct Lending (NCDL) Common Equity (2022 - 2026)
Nuveen Churchill Direct Lending's Common Equity came in at $848.97 million for Q2 2026, down 4.4% from $887.74 million a year earlier and down 1.8% from the prior quarter.
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Analysis
Nuveen Churchill Direct Lending (NCDL) Common Equity (2022 - 2026) Analysis & Trends
At the end of FY2025, Nuveen Churchill Direct Lending's Common Equity was $875.18 million, down 9.8% from FY2024.
- Common Equity carries a four-year compound annual growth rate of 23.7% (FY2021 to FY2025).
- Going back by year, Common Equity was $970.32 million in FY2024 (+29.7%), $747.89 million in FY2023 (+42.5%), $524.96 million in FY2022 (+40.3%) and $374.05 million in FY2021.
- The Q2 2026 figure represents the lowest quarterly Common Equity since Q4 2023.
- Year-over-year, Common Equity has declined for six consecutive quarters, with growth averaging 4.5% over the last eight quarters.
- The fastest year-over-year change in Common Equity over five years came in Q1 2024 (growth of 92.9%), and the weakest in Q3 2025 (a decline of 11.0%).
- Business Quant data shows NCDL's Common Equity at $864.11 million (Q1 2026), $875.18 million (Q4 2025) and $881.49 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 23.55 Bn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 30.05 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 9.79 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 116.50 Bn |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 5.48 Bn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 16.90 Bn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 7.63 Bn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 16.98 Bn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | 13.89 Bn |
| 10 | Nuveen Churchill Direct Lending | 555.60 Mn | 555.60 Mn | - | 848.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 848.97 Mn |
| Mar 31, 2026 | 864.11 Mn |
| Dec 31, 2025 | 875.18 Mn |
| Sep 30, 2025 | 881.49 Mn |
| Jun 30, 2025 | 887.74 Mn |
| Mar 31, 2025 | 920.02 Mn |
| Dec 31, 2024 | 970.32 Mn |
| Sep 30, 2024 | 990.61 Mn |
| Jun 30, 2024 | 986.37 Mn |
| Mar 31, 2024 | 998.23 Mn |
| Dec 31, 2023 | 747.89 Mn |
| Sep 30, 2023 | 638.96 Mn |
| Jun 30, 2023 | 557.50 Mn |
| Mar 31, 2023 | 517.54 Mn |
| Dec 31, 2022 | 524.96 Mn |
| Sep 30, 2022 | 470.78 Mn |
| Jun 30, 2022 | 425.77 Mn |
| Mar 31, 2022 | 402.68 Mn |
API Access
Nuveen Churchill Direct Lending Common Equity API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=common-equity&ticker=NCDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "ticker": "NCDL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=common-equity&ticker=NCDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();