Nuveen Churchill Direct Lending (NCDL) Investment Income (2022 - 2026)

Nuveen Churchill Direct Lending's (NCDL) quarterly Investment Income came in at -$11.4 million in Q1 2026, up 8.64% year-on-year from -$10.5 million in Q1 2025, and down 98.38% quarter-over-quarter from -$5.7 million in Q4 2025.

Nuveen Churchill Direct Lending (NCDL) Investment Income (2022 - 2026) Analysis & Trends

Nuveen Churchill Direct Lending has disclosed Investment Income across 5 years of filings, most recently posting -$11.4 million for Q1 2026.

  • Investment Income for Q1 2026 came in at -$11.4 million, up 8.64% year-over-year; the trailing twelve-month figure through Mar 2026 was -$26.6 million (down 41.85% YoY), and the FY2025 annual result was -$27.7 million, down 357.11% from the prior year.
  • Investment Income came in at -$11.4 million for Q1 2026 at Nuveen Churchill Direct Lending, down from -$5.7 million in the prior quarter.
  • In the past five years, Investment Income ranged from a high of $5.2 million in Q3 2024 to a low of -$12.5 million in Q2 2022.
  • The 5-year median for Investment Income is -$5.0 million (2023), against an average of -$4.8 million.
  • Across the five-year window, Investment Income soared 442.23% in 2024 and plunged 4371.82% in 2025, its largest moves.
  • Nuveen Churchill Direct Lending's Investment Income stood at -$7.0 million in 2022, then jumped by 141.3% to $2.9 million in 2023, then slumped by 124.55% to -$707000.0 in 2024, then plunged by 709.76% to -$5.7 million in 2025, then tumbled by 98.38% to -$11.4 million in 2026.
  • The last three Investment Income figures came in at -$11.4 million (Q1 2026), -$5.7 million (Q4 2025), and -$2.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Inv. Income (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - -
2 Blackstone 96.85 Bn 95.80 Bn - -
3 Kkr 86.45 Bn 133.96 Bn - -
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn -
5 State Street 46.95 Bn 21.27 Bn - -
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn -
7 Northern Trust 31.92 Bn 31.92 Bn - -
8 Raymond James Financial 30.62 Bn 19.37 Bn - -
9 Ares Management 29.04 Bn 32.41 Bn - -
10 Nuveen Churchill Direct Lending 601.78 Mn 591.54 Mn - -11.36 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -11.36 Mn
Dec 31, 2025 -5.73 Mn
Sep 30, 2025 -2.73 Mn
Jun 30, 2025 -6.84 Mn
Mar 31, 2025 -12.43 Mn
Dec 31, 2024 -707,000.00
Sep 30, 2024 5.15 Mn
Jun 30, 2024 -10.80 Mn
Mar 31, 2024 291,000.00
Dec 31, 2023 2.88 Mn
Sep 30, 2023 -1.51 Mn
Jun 30, 2023 -4.40 Mn
Mar 31, 2023 -5.04 Mn
Dec 31, 2022 -6.97 Mn
Sep 30, 2022 -6.43 Mn
Jun 30, 2022 -12.45 Mn
Mar 31, 2022 -2.35 Mn