Nuveen Churchill Direct Lending (NCDL) Total Debt (2022 - 2026)

Nuveen Churchill Direct Lending recorded quarterly Total Debt of $1.1 billion in Q1 2026, up 2.04% quarter-over-quarter from $1.1 billion in Q4 2025, and down 5.15% year-over-year from $1.2 billion in Q1 2025.

Nuveen Churchill Direct Lending's Total Debt history runs 5 years deep, the most recent figure standing at $1.1 billion for Q1 2026.

  • In Q1 2026, Total Debt fell 5.15% year-over-year to $1.1 billion; the TTM figure through Mar 2026 stood at $1.1 billion (down 5.15% YoY), while the FY2025 annual figure was $1.1 billion, up 0.61% from the prior year.
  • Total Debt came in at $1.1 billion for Q1 2026 at Nuveen Churchill Direct Lending, up from $1.1 billion in the prior quarter.
  • In the past five years, Total Debt ranged from a high of $1.2 billion in Q1 2025 to a low of $699.8 million in Q4 2022.
  • A 5-year average of $985.7 million and a median of $1.1 billion in 2024 frame the typical range for Total Debt.
  • Across the five-year window, Total Debt jumped 46.79% in 2025 and dropped 5.15% in 2026, its largest moves.
  • Nuveen Churchill Direct Lending's Total Debt stood at $699.8 million in 2022, then jumped by 34.89% to $943.9 million in 2023, then climbed by 17.41% to $1.1 billion in 2024, then advanced by 0.61% to $1.1 billion in 2025, then rose by 2.04% to $1.1 billion in 2026.
  • According to Business Quant data, Total Debt over the past three periods registered $1.1 billion, $1.1 billion, and $1.1 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Debt (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 7.87 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 13.28 Bn
3 Kkr 84.94 Bn 132.45 Bn - -
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 2.48 Bn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn -
6 State Street 44.42 Bn 18.75 Bn - -
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 200.00 Mn
8 Northern Trust 31.21 Bn 31.21 Bn - 7.84 Bn
9 Ares Management 28.85 Bn 32.22 Bn - -
10 Nuveen Churchill Direct Lending 661.29 Mn 651.05 Mn - 1.14 Bn

Historic Data

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DateValue
Mar 31, 2026 1.14 Bn
Dec 31, 2025 1.12 Bn
Sep 30, 2025 1.11 Bn
Jun 30, 2025 1.11 Bn
Mar 31, 2025 1.20 Bn
Dec 31, 2024 1.11 Bn
Sep 30, 2024 1.09 Bn
Jun 30, 2024 1.02 Bn
Mar 31, 2024 817.21 Mn
Dec 31, 2023 943.94 Mn
Sep 30, 2023 860.19 Mn
Jun 30, 2023 818.55 Mn
Mar 31, 2023 763.71 Mn
Dec 31, 2022 699.77 Mn