Nuveen Churchill Direct Lending (NCDL) Equity Average (2022 - 2026)
Nuveen Churchill Direct Lending recorded quarterly Equity Average of $869.6 million in Q1 2026, down 0.99% quarter-over-quarter from $878.3 million in Q4 2025, and down 7.99% year-over-year from $945.2 million in Q1 2025.
Nuveen Churchill Direct Lending's Equity Average history runs 5 years deep, the most recent figure standing at $869.6 million for Q1 2026.
- In Q1 2026, Equity Average fell 7.99% year-over-year to $869.6 million; the TTM figure through Mar 2026 stood at $869.6 million (down 7.99% YoY), while the FY2025 annual figure 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.
- A 5-year average of $751.7 million and a median of $871.4 million in 2024 frame the typical range for Equity Average.
- Across the five-year window, Equity Average jumped 84.61% in 2024 and fell 10.51% in 2025, its largest moves.
- Nuveen Churchill Direct Lending's Equity Average stood at $497.9 million in 2022, then soared by 39.28% to $693.4 million in 2023, then soared by 41.4% to $980.5 million in 2024, then declined by 10.42% to $878.3 million in 2025, then slipped by 0.99% to $869.6 million in 2026.
- According to Business Quant data, Equity Average over the past three periods registered $869.6 million, $878.3 million, and $884.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 56.51 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 14.44 Bn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 54.71 Bn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 8.75 Bn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 41.02 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | - |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 6.38 Bn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 12.97 Bn |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 6.32 Bn |
| 10 | Nuveen Churchill Direct Lending | 661.29 Mn | 651.05 Mn | - | 869.65 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 869.65 Mn |
| Dec 31, 2025 | 878.33 Mn |
| Sep 30, 2025 | 884.61 Mn |
| Jun 30, 2025 | 903.88 Mn |
| Mar 31, 2025 | 945.17 Mn |
| Dec 31, 2024 | 980.46 Mn |
| Sep 30, 2024 | 988.49 Mn |
| Jun 30, 2024 | 992.30 Mn |
| Mar 31, 2024 | 873.06 Mn |
| Dec 31, 2023 | 693.42 Mn |
| Sep 30, 2023 | 598.23 Mn |
| Jun 30, 2023 | 537.52 Mn |
| Mar 31, 2023 | 521.25 Mn |
| Dec 31, 2022 | 497.87 Mn |
| Sep 30, 2022 | 448.27 Mn |
| Jun 30, 2022 | 414.23 Mn |