Nuveen Churchill Direct Lending (NCDL) Equity Average (2022 - 2026)

Nuveen Churchill Direct Lending has disclosed Equity Average across 5 years of filings, most recently posting $869.6 million for Q1 2026.

• Equity Average for Q1 2026 came in at $869.6 million, down 7.99% year-over-year; the trailing twelve-month figure through Mar 2026 was $869.6 million (down 7.99% YoY), and the FY2025 annual result was $922.8 million, up 7.41% from the prior year.
• Equity Average came in at $869.6 million for Q1 2026 at Nuveen Churchill Direct Lending, down from $878.3 million in the prior quarter.
• In the past five years, Equity Average ranged from a high of $992.3 million in Q2 2024 to a low of $414.2 million in Q2 2022.
• The 5-year median for Equity Average is $871.4 million (2024), against an average of $751.7 million.
• Across the five-year window, Equity Average soared 84.61% in 2024 and declined 10.51% in 2025, its largest moves.
• Nuveen Churchill Direct Lending's Equity Average stood at $497.9 million in 2022, then surged by 39.28% to $693.4 million in 2023, then surged by 41.4% to $980.5 million in 2024, then dropped by 10.42% to $878.3 million in 2025, then decreased by 0.99% to $869.6 million in 2026.
• The last three Equity Average figures came in at $869.6 million (Q1 2026), $878.3 million (Q4 2025), and $884.6 million (Q3 2025), per Business Quant data.