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

Nuveen Churchill Direct Lending recorded quarterly Total Liabilities of $1.2 billion in Q1 2026, little changed quarter-over-quarter from $1.2 billion in Q4 2025, and down 5.43% year-over-year from $1.3 billion in Q1 2025.

Nuveen Churchill Direct Lending's Total Liabilities history runs 5 years deep, the most recent figure standing at $1.2 billion for Q1 2026.

  • In Q1 2026, Total Liabilities fell 5.43% year-over-year to $1.2 billion; the TTM figure through Mar 2026 stood at $1.2 billion (down 5.43% YoY), while the FY2025 annual figure was $1.2 billion, up 0.5% from the prior year.
  • Total Liabilities came in at $1.2 billion for Q1 2026 at Nuveen Churchill Direct Lending, roughly flat from $1.2 billion in the prior quarter.
  • In the past five years, Total Liabilities ranged from a high of $1.3 billion in Q1 2025 to a low of -$470.8 million in Q3 2022.
  • A 5-year average of $778.2 million and a median of $983.0 million in 2023 frame the typical range for Total Liabilities.
  • Across the five-year window, Total Liabilities soared 300.47% in 2023 and retreated 5.43% in 2026, its largest moves.
  • Nuveen Churchill Direct Lending's Total Liabilities stood at $729.0 million in 2022, then jumped by 34.84% to $983.0 million in 2023, then increased by 19.37% to $1.2 billion in 2024, then increased by 0.5% to $1.2 billion in 2025, then grew by 0.45% to $1.2 billion in 2026.
  • According to Business Quant data, Total Liabilities over the past three periods registered $1.2 billion, $1.2 billion, and $1.2 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Liabilities (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 106.92 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 26.91 Bn
3 Kkr 84.94 Bn 132.45 Bn - 331.28 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 6.70 Bn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 428.00 Bn
6 State Street 44.42 Bn 18.75 Bn - 364.42 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 178.24 Bn
8 Northern Trust 31.21 Bn 31.21 Bn - 161.59 Bn
9 Ares Management 28.85 Bn 32.22 Bn - 20.01 Bn
10 Nuveen Churchill Direct Lending 661.29 Mn 651.05 Mn - 1.18 Bn

Historic Data

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DateValue
Mar 31, 2026 1.18 Bn
Dec 31, 2025 1.18 Bn
Sep 30, 2025 1.16 Bn
Jun 30, 2025 1.19 Bn
Mar 31, 2025 1.25 Bn
Dec 31, 2024 1.17 Bn
Sep 30, 2024 1.15 Bn
Jun 30, 2024 1.10 Bn
Mar 31, 2024 877.25 Mn
Dec 31, 2023 982.98 Mn
Sep 30, 2023 899.70 Mn
Jun 30, 2023 853.57 Mn
Mar 31, 2023 802.94 Mn
Dec 31, 2022 729.00 Mn
Sep 30, 2022 -470.78 Mn
Jun 30, 2022 -425.77 Mn
Mar 31, 2022 -402.68 Mn