Nuveen

Nuveen is a global investment leader, managing an array of public and private assets for clients around the world on behalf of parent company TIAA. Its breadth of offering includes harder-to-reach, innovative alternative investment strategies; Nuveen invests in the growth of businesses, real estate, infrastructure and natural capital to help make an enduring impact on the world.

The firm’s establishment can be traced back to 1898, when the company began underwriting municipal bonds. Its 125-year history demonstrates Nuveen’s resilience across unpredictable market cycles and economic environments.

The firm has over US$1.3 trillion invested across many asset classes and geographies. It works with 1,200+ institutional clients in 32 countries, including seven of the 10 largest pension funds worldwide.

About TIAA

The Teachers Insurance and Annuity Association of America (TIAA) is a leading global institutional investor and retirement provider. Founded by Andrew Carnegie in 1918 to create a portable pension system for US educators, TIAA now provides secure retirement solutions to millions. The firm strengthened its asset management and lifetime income capabilities with the 2014 acquisition of Nuveen.

About Churchill Asset Management

Churchill, an investment-specialist affiliate of Nuveen, provides customised financing solutions to US middle-market private equity firms and their portfolio companies across the capital structure. With US$55 billion of committed capital, the firm provides first lien, unitranche, second lien and mezzanine debt, in addition to equity co-investments, secondary solutions and private equity fund commitments. Churchill has a long history of disciplined investing across multiple economic cycles, and its unique origination strategy and investment approach are driven by over 200 professionals in New York, Charlotte, Chicago and Los Angeles.

Nuveen Churchill Private Credit Income Fund

View this fund

Why PAN-Tribal selected Nuveen

As the asset manager of TIAA, Nuveen provides outcome-focused investment solutions designed to help secure the long-term financial goals of institutional and individual investors.

Established leader in private markets

With a history in private markets spanning decades and over US$298 billion private market assets under management, Nuveen creates long-term value for clients through high selectivity and comprehensive monitoring over the investment cycle.

Quality investors

Investment teams have strategic depth and operational capacity to analyse transactions and act decisively.

Proprietary sourcing capabilities

Established relationships provide early knowledge for investment opportunities and strategic advantage.

Unique alignment proposition

TIAA is an integral part of the firm’s committed capital base and invests alongside investors in every transaction undertaken, a unique and powerful alignment of interests.

Client focused

Private ownership under TIAA ensures Nuveen’s focus is on serving clients and allows the firm to be like-minded partners with shared objectives.

Access to a leading private capital manager

Through its acquisition of Churchill Asset Management, Nuveen provides access to a differentiated, dynamic private credit strategy that draws on an award-winning team with a proven 19-year track record. This team is cycle-tested, delivering steady yields with superior loss avoidance.

Key Investment Professionals

Ken Kencel

President and CEO

Ken serves as President and CEO of Churchill Asset Management and Chairman of the Board, President and CEO of Nuveen Churchill Direct Lending Corp (NYSE: NCDL) and Nuveen Churchill Private Capital Income Fund (PCAP), Churchill’s publicly registered business development companies. Throughout his over 35-year career in the investment industry, he has accrued a broad range of experience in leading private credit investment businesses, including the Carlyle Group, Churchill Financial Group, Royal Bank of Canada and Indosuez Capita. He was also a founder of the high-yield finance business at Chase Securities (now JP Morgan Chase). Ken graduated with a BS in Business Administration, magna cum laude, from Georgetown University and a juris doctorate from Northwestern University Pritzker School of Law.

Kelli Marti

Senior Managing Director

Kelli is a Senior Managing Director, Senior Portfolio Manager and the Head of CLO Management at Churchill. As Head of CLO Management, she is responsible for the management and growth of Churchill’s middle market CLO platform, including day-to-day vehicle oversight, assisting in the sourcing of assets and trading strategy development, as well as leading the fundraising initiatives. As Senior Portfolio Manager, Kelli manages Nuveen Churchill Private Capital Income Fund (PCAP), as well as various other Churchill funds. For PCAP, Kelli oversees the day-to-day investment activity and helps to make investment decisions on behalf of the fund. Kelli also serves as a member of the Senior Lending Investment Committee for Upper Middle Market transactions, as well as the firm’s Operating Committee.

Prior to joining Churchill in 2020, Kelli was a Managing Director and the Chief Credit Officer at Crestline Denali Capital, a CLO asset manager, where she was responsible for overseeing the firm’s entire credit function including new business underwriting and portfolio management. She also served on the firm’s Investment Committee. Previously, Kelli was a Vice President at Heller Financial, where she was responsible for underwriting and managing middle market loans. Before joining Heller, she was an Assistant Vice President at First Source Financial, where she underwrote direct middle market transactions on behalf of the firm’s CLO portfolio. Kelli began her career as an auditor at KPMG in Chicago.

Kelli graduated magna cum laude with a BS in Accounting from the University of Notre Dame and received her MBA with high honors from the Kellogg School of Management at Northwestern University. She previously earned her CPA certification.

Insights

News & Insights brought to you by our in-house experts and investment partners.

See all insights

CPD: Private credit – finding opportunity in a maturing market

Private equity is not unsustainable: the current state of private credit represents a natural progression of a maturing asset class.

New platform availability for the Nuveen Churchill Private Credit Income Fund

We’re delighted to announce that the Nuveen Churchill Private Credit Income Fund is now available on an additional four industry-leading platforms across the investments, super

CPD: The investment case for US middle market private credit

Interest in alternative asset classes is intensifying as advisers look to improve the return profiles of client portfolios in an increasingly challenging environment. The universe

CPD: The private credit zeitgeist

Private credit has been the topic de jour, with new funds being launched regularly over the past two to three years. What’s behind the sudden

Another Fund joins our line-up

We’re delighted to announce the recent launch of the Nuveen Churchill Private Credit Income Fund, which will provide Australian investors access to Churchill Asset Management’s

The following information has been prepared by PAN-Tribal Asset Management for use by Sophisticated Investors / Wholesale Clients and Investment Professionals only. No account has been taken of the investment objectives, financial situation or particular needs of any particular person. Information is provided for general information purposes only and does not contain investment recommendations nor provide investment advice, nor is it intended to take the place of professional advice. Investors should not take action in reliance on information contained on this website.

Past performance information provided on this website is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. None of PAN-Tribal, its related bodies or associates, nor any other person, guarantees the repayment of capital or the performance of the Fund(s) or any particular returns from the Fund(s). No representation or warranty is made concerning the accuracy or reliability of any information contained on this website, nor liability accepted to any person who relies on it.

I have read the important information above and confirm that I am a Sophisticated Investor / Wholesale Client (as defined under the Corporations Act) and/or Investment Professional and that I wish to proceed.