Nuveen Churchill Direct Lending (NCDL) Market Capitalization (2024 - 2026)
Nuveen Churchill Direct Lending's Market Capitalization came in at $613.39 million for Q2 2026, down 23.5% from $802.18 million a year earlier and down 2.4% from the prior quarter.
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Analysis
Nuveen Churchill Direct Lending (NCDL) Market Capitalization (2024 - 2026) Analysis & Trends
For FY2025, Nuveen Churchill Direct Lending's Market Capitalization was $658.82 million, down 26.5% from FY2024.
- Going back by year, Market Capitalization was $895.84 million in FY2024.
- The Q2 2026 figure represents the lowest quarterly Market Capitalization in data going back to Q1 2024.
- Year-over-year, Market Capitalization has declined for six consecutive quarters, with an average decline of 22.3% over the last six quarters.
- Business Quant data shows NCDL's Market Capitalization at $628.2 million (Q1 2026), $658.82 million (Q4 2025) and $681.54 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - |
| 10 | Nuveen Churchill Direct Lending | 555.60 Mn | 555.60 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 613.39 Mn |
| Mar 31, 2026 | 628.20 Mn |
| Dec 31, 2025 | 658.82 Mn |
| Sep 30, 2025 | 681.54 Mn |
| Jun 30, 2025 | 802.18 Mn |
| Mar 31, 2025 | 869.67 Mn |
| Dec 31, 2024 | 895.84 Mn |
| Sep 30, 2024 | 950.64 Mn |
| Jun 30, 2024 | 951.88 Mn |
| Mar 31, 2024 | 989.97 Mn |
API Access
Nuveen Churchill Direct Lending Market Capitalization 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=market-capitalization&ticker=NCDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "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=market-capitalization&ticker=NCDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();