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| Date | Value |
|---|---|
| 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 |