Nuveen Churchill Direct Lending (NCDL) Long-Term Debt Issuances (2022 - 2026)

Nuveen Churchill Direct Lending recorded quarterly Long-Term Debt Issuances of $272.5 million in Q1 2026, up 512.36% quarter-over-quarter from $44.5 million in Q4 2025, and down 65.8% year-over-year from $796.8 million in Q1 2025.

Nuveen Churchill Direct Lending's Long-Term Debt Issuances history runs 5 years deep, the most recent figure standing at $272.5 million for Q1 2026.

  • In Q1 2026, Long-Term Debt Issuances fell 65.8% year-over-year to $272.5 million; the TTM figure through Mar 2026 stood at $393.7 million (down 71.01% YoY), while the FY2025 annual figure was $918.1 million, up 3.84% from the prior year.
  • Long-Term Debt Issuances came in at $272.5 million for Q1 2026 at Nuveen Churchill Direct Lending, up from $44.5 million in the prior quarter.
  • In the past five years, Long-Term Debt Issuances ranged from a high of $796.8 million in Q1 2025 to a low of $24.3 million in Q3 2025.
  • A 5-year average of $214.6 million and a median of $161.6 million in 2023 frame the typical range for Long-Term Debt Issuances.
  • Across the five-year window, Long-Term Debt Issuances soared 379.9% in 2023 and slumped 85.86% in 2025, its largest moves.
  • Nuveen Churchill Direct Lending's Long-Term Debt Issuances stood at $98.0 million in 2022, then surged by 379.9% to $470.3 million in 2023, then plunged by 64.62% to $166.4 million in 2024, then slumped by 73.26% to $44.5 million in 2025, then soared by 512.36% to $272.5 million in 2026.
  • According to Business Quant data, Long-Term Debt Issuances over the past three periods registered $272.5 million, $44.5 million, and $24.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Long-Term Debt Issuances (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - -
2 Blackstone 92.68 Bn 91.63 Bn - 900.00 Mn
3 Kkr 84.94 Bn 132.45 Bn - 3.91 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - -
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 19.65 Bn
6 State Street 44.42 Bn 18.75 Bn - 123.00 Mn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn -
8 Northern Trust 31.21 Bn 31.21 Bn - -
9 Ares Management 28.85 Bn 32.22 Bn - 824.53 Mn
10 Nuveen Churchill Direct Lending 661.29 Mn 651.05 Mn - 272.50 Mn

Historic Data

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DateValue
Mar 31, 2026 272.50 Mn
Mar 31, 2026 272.50 Mn
Dec 31, 2025 44.50 Mn
Dec 31, 2025 44.50 Mn
Sep 30, 2025 24.25 Mn
Sep 30, 2025 24.25 Mn
Jun 30, 2025 52.48 Mn
Jun 30, 2025 52.48 Mn
Mar 31, 2025 796.85 Mn
Mar 31, 2025 796.85 Mn
Dec 31, 2024 166.40 Mn
Dec 31, 2024 166.40 Mn
Sep 30, 2024 171.50 Mn
Sep 30, 2024 171.50 Mn
Jun 30, 2024 223.25 Mn
Jun 30, 2024 223.25 Mn
Mar 31, 2024 323.00 Mn
Mar 31, 2024 323.00 Mn
Dec 31, 2023 470.30 Mn
Dec 31, 2023 470.30 Mn
Sep 30, 2023 161.60 Mn
Sep 30, 2023 161.60 Mn
Jun 30, 2023 94.00 Mn
Jun 30, 2023 94.00 Mn
Mar 31, 2023 85.00 Mn
Mar 31, 2023 85.00 Mn
Dec 31, 2022 98.00 Mn
Dec 31, 2022 98.00 Mn
Sep 30, 2022 119.60 Mn
Sep 30, 2022 119.60 Mn
Jun 30, 2022 476.00 Mn
Jun 30, 2022 476.00 Mn
Mar 31, 2022 68.60 Mn
Mar 31, 2022 68.60 Mn