Nuveen Churchill Direct Lending (NCDL) Invested Capital (2022 - 2026)

Nuveen Churchill Direct Lending's Invested Capital history runs 5 years deep, the most recent figure standing at $864.1 million for Q1 2026.

• In Q1 2026, Invested Capital fell 6.08% year-over-year to $864.1 million; the TTM figure through Mar 2026 stood at $864.1 million (down 6.08% YoY), while the FY2025 annual figure was $875.2 million, down 9.81% from the prior year.
• Invested Capital came in at $864.1 million for Q1 2026 at Nuveen Churchill Direct Lending, down from $875.2 million in the prior quarter.
• In the past five years, Invested Capital ranged from a high of $998.2 million in Q1 2024 to a low of $402.7 million in Q1 2022.
• A 5-year average of $744.7 million and a median of $864.1 million in 2026 frame the typical range for Invested Capital.
• Across the five-year window, Invested Capital jumped 92.88% in 2024 and declined 11.02% in 2025, its largest moves.
• Nuveen Churchill Direct Lending's Invested Capital stood at $525.0 million in 2022, then jumped by 42.47% to $747.9 million in 2023, then increased by 29.74% to $970.3 million in 2024, then decreased by 9.81% to $875.2 million in 2025, then fell by 1.26% to $864.1 million in 2026.
• According to Business Quant data, Invested Capital over the past three periods registered $864.1 million, $875.2 million, and $881.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

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