Nuveen Churchill Direct Lending (NCDL) Net Cash Flow (2022 - 2026)

Nuveen Churchill Direct Lending recorded quarterly Net Cash Flow of -$12.1 million in Q1 2026, down 174.81% quarter-over-quarter from $16.1 million in Q4 2025, and down 305.67% year-over-year from $5.9 million in Q1 2025.

Nuveen Churchill Direct Lending's Net Cash Flow history runs 5 years deep, the most recent figure standing at -$12.1 million for Q1 2026.

  • In Q1 2026, Net Cash Flow fell 305.67% year-over-year to -$12.1 million; the TTM figure through Mar 2026 stood at $1.2 million (up 108.14% YoY), while the FY2025 annual figure was $19.2 million, up 179.44% from the prior year.
  • Net Cash Flow came in at -$12.1 million for Q1 2026 at Nuveen Churchill Direct Lending, down from $16.1 million in the prior quarter.
  • In the past five years, Net Cash Flow ranged from a high of $31.4 million in Q4 2023 to a low of -$26.0 million in Q4 2024.
  • A 5-year average of $892000.0 and a median of $1.8 million in 2022 frame the typical range for Net Cash Flow.
  • On a YoY basis, Net Cash Flow climbed as much as 1689.52% in 2023 and fell as far as 308.24% in 2023.
  • Nuveen Churchill Direct Lending's Net Cash Flow stood at $1.8 million in 2022, then surged by 1689.52% to $31.4 million in 2023, then sank by 182.9% to -$26.0 million in 2024, then jumped by 161.99% to $16.1 million in 2025, then slumped by 174.81% to -$12.1 million in 2026.
  • According to Business Quant data, Net Cash Flow over the past three periods registered -$12.1 million, $16.1 million, and $2.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Cash Flow (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - -1.56 Bn
2 Blackstone 92.68 Bn 91.63 Bn - -136.30 Mn
3 Kkr 84.94 Bn 132.45 Bn - 2.40 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - -485.00 Mn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 3.16 Bn
6 State Street 44.42 Bn 18.75 Bn - 2.09 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn -1.76 Bn
8 Northern Trust 31.21 Bn 31.21 Bn - 43.20 Mn
9 Ares Management 28.85 Bn 32.22 Bn - 106.44 Mn
10 Nuveen Churchill Direct Lending 661.29 Mn 651.05 Mn - -12.08 Mn

Historic Data

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DateValue
Mar 31, 2026 -12.08 Mn
Mar 31, 2026 -12.08 Mn
Dec 31, 2025 16.15 Mn
Dec 31, 2025 16.15 Mn
Sep 30, 2025 2.33 Mn
Sep 30, 2025 2.33 Mn
Jun 30, 2025 -5.17 Mn
Jun 30, 2025 -5.17 Mn
Mar 31, 2025 5.87 Mn
Mar 31, 2025 5.87 Mn
Dec 31, 2024 -26.05 Mn
Dec 31, 2024 -26.05 Mn
Sep 30, 2024 -1.68 Mn
Sep 30, 2024 -1.68 Mn
Jun 30, 2024 6.84 Mn
Jun 30, 2024 6.84 Mn
Mar 31, 2024 -3.25 Mn
Mar 31, 2024 -3.25 Mn
Dec 31, 2023 31.42 Mn
Dec 31, 2023 31.42 Mn
Sep 30, 2023 -9.48 Mn
Sep 30, 2023 -9.48 Mn
Jun 30, 2023 -4.12 Mn
Jun 30, 2023 -4.12 Mn
Mar 31, 2023 10.30 Mn
Mar 31, 2023 10.30 Mn
Dec 31, 2022 1.76 Mn
Dec 31, 2022 1.76 Mn
Sep 30, 2022 4.55 Mn
Sep 30, 2022 4.55 Mn
Jun 30, 2022 9.62 Mn
Jun 30, 2022 9.62 Mn
Mar 31, 2022 -11.84 Mn
Mar 31, 2022 -11.84 Mn