Nuveen Churchill Direct Lending (NCDL) Total Debt (2022 - 2026)
Nuveen Churchill Direct Lending (NCDL) reported Total Debt of $1.1 billion for Q1 2026, down 5.15% on a YoY basis from $1.2 billion in Q1 2025, and up 2.04% sequentially from $1.1 billion in Q4 2025.
Nuveen Churchill Direct Lending (NCDL) Total Debt (2022 - 2026) Analysis & Trends
Nuveen Churchill Direct Lending (NCDL) has 5 years of Total Debt data on file, last reported at $1.1 billion in Q1 2026.
- For the quarter ending Q1 2026, Total Debt fell 5.15% year-over-year to $1.1 billion; the trailing twelve-month figure through Mar 2026 stood at $1.1 billion (down 5.15% YoY), and the FY2025 full-year result was $1.1 billion, up 0.61% from the prior year.
- Total Debt climbed to $1.1 billion in Q1 2026, 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 soared 46.79% in 2025 and slipped 5.15% in 2026, its largest moves.
- Tracing NCDL's Total Debt over 5 years: stood at $699.8 million in 2022, then surged by 34.89% to $943.9 million in 2023, then gained by 17.41% to $1.1 billion in 2024, then rose by 0.61% to $1.1 billion in 2025, then grew by 2.04% to $1.1 billion in 2026.
- Business Quant data shows NCDL's Total Debt at $1.1 billion in Q1 2026, $1.1 billion in Q4 2025, and $1.1 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | 15.06 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 20.18 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 13.28 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 14.22 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | - |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 200.00 Mn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 7.84 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 4.66 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | - |
| 10 | Nuveen Churchill Direct Lending | 598.08 Mn | 595.34 Mn | - | 1.14 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |