Nuveen Churchill Direct Lending (NCDL) Long-Term Investments (2022 - 2026)
Nuveen Churchill Direct Lending (NCDL) posted Long-Term Investments of $1.92 billion for Q2 2026, down 3.7% from $1.99 billion a year earlier and down 2.9% from the prior quarter.
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Analysis
Nuveen Churchill Direct Lending (NCDL) Long-Term Investments (2022 - 2026) Analysis & Trends
At the end of FY2025, Nuveen Churchill Direct Lending's Long-Term Investments came in at $1.96 billion, down 5.7% from FY2024.
- Annual Long-Term Investments shows a three-year compound annual growth rate of 17.8% (FY2022 to FY2025).
- In prior years, Nuveen Churchill Direct Lending's Long-Term Investments was $2.08 billion in FY2024 (+26.8%), $1.64 billion in FY2023 (+36.8%) and $1.2 billion in FY2022.
- The Q2 2026 figure stands as the lowest quarterly Long-Term Investments since Q1 2024.
- On a year-over-year basis, Long-Term Investments has declined in each of the last four quarters, with growth averaging 7.4% over the last eight quarters.
- The strongest year-over-year quarter for Long-Term Investments in the past five years was Q2 2024, with growth of 43.6%; the weakest was Q4 2025, with a decline of 5.7%.
- According to Business Quant data, Long-Term Investments for the three prior quarters was $1.98 billion (Q1 2026), $1.96 billion (Q4 2025) and $1.97 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Long-Term Investments (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 9.39 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 372.10 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 972.64 Mn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 228.28 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | 29.35 Bn |
| 10 | Nuveen Churchill Direct Lending | 555.60 Mn | 555.60 Mn | - | 1.92 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.92 Bn |
| Mar 31, 2026 | 1.98 Bn |
| Dec 31, 2025 | 1.96 Bn |
| Sep 30, 2025 | 1.97 Bn |
| Jun 30, 2025 | 1.99 Bn |
| Mar 31, 2025 | 2.08 Bn |
| Dec 31, 2024 | 2.08 Bn |
| Sep 30, 2024 | 2.05 Bn |
| Jun 30, 2024 | 1.99 Bn |
| Mar 31, 2024 | 1.79 Bn |
| Dec 31, 2023 | 1.64 Bn |
| Sep 30, 2023 | 1.52 Bn |
| Jun 30, 2023 | 1.39 Bn |
| Mar 31, 2023 | 1.31 Bn |
| Dec 31, 2022 | 1.20 Bn |
API Access
Nuveen Churchill Direct Lending Long-Term Investments API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=long-term-investments&ticker=NCDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "long-term-investments", "ticker": "NCDL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=long-term-investments&ticker=NCDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();