Nuveen Churchill Direct Lending (NCDL) Total Liabilities (2022 - 2026)
Nuveen Churchill Direct Lending (NCDL) reported Total Liabilities of $1.2 billion for Q1 2026, down 5.43% on a YoY basis from $1.3 billion in Q1 2025, and little changed sequentially from $1.2 billion in Q4 2025.
Nuveen Churchill Direct Lending (NCDL) Total Liabilities (2022 - 2026) Analysis & Trends
Nuveen Churchill Direct Lending (NCDL) has 5 years of Total Liabilities data on file, last reported at $1.2 billion in Q1 2026.
- For the quarter ending Q1 2026, Total Liabilities fell 5.43% year-over-year to $1.2 billion; the trailing twelve-month figure through Mar 2026 stood at $1.2 billion (down 5.43% YoY), and the FY2025 full-year result was $1.2 billion, up 0.5% from the prior year.
- Total Liabilities steadied at $1.2 billion in Q1 2026, 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 $729.0 million in Q4 2022.
- A 5-year average of $1.0 billion and a median of $1.1 billion in 2024 frame the typical range for Total Liabilities.
- Across the five-year window, Total Liabilities jumped 42.78% in 2025 and fell 5.43% in 2026, its largest moves.
- Tracing NCDL's Total Liabilities over 5 years: stood at $729.0 million in 2022, then surged by 34.84% to $983.0 million in 2023, then climbed by 19.37% to $1.2 billion in 2024, then climbed by 0.5% to $1.2 billion in 2025, then advanced by 0.45% to $1.2 billion in 2026.
- Business Quant data shows NCDL's Total Liabilities at $1.2 billion in Q1 2026, $1.2 billion in Q4 2025, and $1.2 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | - |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 106.92 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 26.91 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 428.00 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 364.42 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 178.24 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 161.59 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 79.33 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 2.52 Bn |
| 10 | Nuveen Churchill Direct Lending | 598.08 Mn | 595.34 Mn | - | 1.18 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |