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

Nuveen Churchill Direct Lending's (NCDL) quarterly Long-Term Debt Issuances came in at $272.5 million in Q1 2026, down 65.8% year-on-year from $796.8 million in Q1 2025, and up 512.36% quarter-over-quarter from $44.5 million in Q4 2025.

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

Nuveen Churchill Direct Lending has disclosed Long-Term Debt Issuances across 5 years of filings, most recently posting $272.5 million for Q1 2026.

  • Long-Term Debt Issuances for Q1 2026 came in at $272.5 million, down 65.8% year-over-year; the trailing twelve-month figure through Mar 2026 was $393.7 million (down 71.01% YoY), and the FY2025 annual result 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.
  • The 5-year median for Long-Term Debt Issuances is $161.6 million (2023), against an average of $214.6 million.
  • Across the five-year window, Long-Term Debt Issuances surged 379.9% in 2023 and tumbled 85.86% in 2025, its largest moves.
  • Nuveen Churchill Direct Lending's Long-Term Debt Issuances stood at $98.0 million in 2022, then jumped by 379.9% to $470.3 million in 2023, then sank by 64.62% to $166.4 million in 2024, then tumbled by 73.26% to $44.5 million in 2025, then surged by 512.36% to $272.5 million in 2026.
  • The last three Long-Term Debt Issuances figures came in at $272.5 million (Q1 2026), $44.5 million (Q4 2025), and $24.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Long-Term Debt Issuances (Qtr)
1 BlackRock 160.20 Bn 150.57 Bn - -
2 Blackstone 96.40 Bn 95.35 Bn - 900.00 Mn
3 Kkr 85.87 Bn 133.39 Bn - 3.91 Bn
4 Apollo Global Management 79.90 Bn 98.63 Bn 5.04 Bn 19.65 Bn
5 State Street 46.62 Bn 20.95 Bn - 123.00 Mn
6 Ameriprise Financial 42.78 Bn 42.65 Bn 4.57 Bn -
7 Northern Trust 32.35 Bn 32.35 Bn - -
8 Ares Management 30.25 Bn 33.62 Bn - 824.53 Mn
9 Raymond James Financial 30.24 Bn 18.99 Bn - 50.00 Mn
10 Nuveen Churchill Direct Lending 631.66 Mn 621.42 Mn - 272.50 Mn

Historic Data

Download Data
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