Nuveen Churchill Direct Lending (NCDL) Professional Fees (2019 - 2026)
Nuveen Churchill Direct Lending (NCDL) reported Professional Fees of $665,000 for Q3 2026, down 6.2% from $709,000 a year earlier and down 34.0% from the prior quarter.
Powered by 
Analysis
Nuveen Churchill Direct Lending (NCDL) Professional Fees (2019 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Nuveen Churchill Direct Lending's Professional Fees came in at $3.27 million, up 5.7% year-over-year; for FY2025, it was $3.15 million, up 1.5% from FY2024.
- Professional Fees has a four-year compound annual growth rate of 24.3% (FY2021 to FY2025).
- By year, Professional Fees came in at $3.1 million in FY2024 (-10.3%), $3.46 million in FY2023 (+90.8%), $1.81 million in FY2022 (+37.6%) and $1.32 million in FY2021.
- The Q3 2026 figure ranks as the lowest quarterly Professional Fees since Q1 2025.
- Year over year, Professional Fees gained in three of the last eight quarters, with growth averaging 2.5%.
- The high point for year-over-year Professional Fees in five years was Q2 2023 (growth of 265.2%); the low point was Q4 2024 (a decline of 33.0%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $1.01 million (Q2 2026), $763,000 (Q1 2026) and $836,000 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Professional Fees (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | - |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | 300.00 Mn |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | 234.00 Mn |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | - |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | - |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | -200,000.00 |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | - |
| 10 | Nuveen Churchill Direct Lending | 581.78 Mn | 549.38 Mn | - | 665,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 665,000.00 |
| Jun 30, 2026 | 1.01 Mn |
| Mar 31, 2026 | 763,000.00 |
| Dec 31, 2025 | 836,000.00 |
| Sep 30, 2025 | 709,000.00 |
| Jun 30, 2025 | 1.11 Mn |
| Mar 31, 2025 | 493,000.00 |
| Dec 31, 2024 | 785,000.00 |
| Sep 30, 2024 | 912,000.00 |
| Jun 30, 2024 | 693,000.00 |
| Mar 31, 2024 | 710,000.00 |
| Dec 31, 2023 | 1.17 Mn |
| Sep 30, 2023 | 730,000.00 |
| Jun 30, 2023 | 964,000.00 |
| Mar 31, 2023 | 590,000.00 |
| Dec 31, 2022 | 1.07 Mn |
| Sep 30, 2022 | 296,000.00 |
| Jun 30, 2022 | 264,000.00 |
| Mar 31, 2022 | 181,000.00 |
| Dec 31, 2021 | 409,000.00 |
API Access
Nuveen Churchill Direct Lending Professional Fees 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=professional-fees&ticker=NCDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "professional-fees", "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=professional-fees&ticker=NCDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();