Churchill Asset Management, an affiliate of Nuveen, has held a final, oversubscribed, and hard cap close of Churchill Co-Investment Fund II LP (Fund II) with $1.5 billion in limited partner commitments.
Limited partners in Fund II include sovereign wealth funds, public and corporate pension plans, insurance companies, fund of funds, family offices, and high-net-worth individuals. Investors in Fund II reflect the increasing participation of private wealth in Nuveen and Churchill’s investment strategies, as nearly 20% of the capital was raised from high-net-worth investors globally.
“We’re proud to announce the close of our latest co-investment fund,” said Jason Strife, the head of junior capital and private equity solutions at Churchill. “As a reliable co-investor to top-tier GPs for the last 14 years, we continue to leverage our differentiated model to gain valuable insights and early access to pre-syndication deal flow, allowing us to source a high volume of attractive opportunities. We are incredibly grateful for our investors’ continued support and trust with their capital.”
Churchill Asset Management is a provider of equity co-investments, senior debt, and junior capital to companies with enterprise values between $100 million and $1 billion. Churchill is a limited partner in over 280 private equity funds and has invested more than $11 billion in US middle market deals since its founding in 2006.
“Individual investors are increasingly focused on growing their exposure to alternative investment strategies, and the success of Fund II in the wealth channel underscores the strong demand we’re seeing from high-net-worth investors for differentiated private capital opportunities,” said Moshe Bajnon, the global head of private wealth and co-head of the investor solutions group at Churchill. “Churchill’s proven track record and expertise – combined with Nuveen’s marketplace relationships and history of product innovation – position us as a leader in expanding access to private markets.”
Churchill Asset Management is a subsidiary of Nuveen, the asset management arm of TIAA, and is headquartered in New York City.
© 2025 Private Equity Professional | June 12, 2025
