Churchill Asset Management Appoints Michael Foley as Head of Institutional

NEW YORK--(BUSINESS WIRE)--Churchill Asset Management LLC, an investment specialist of Nuveen, announced the appointment of Michael Foley as Senior Managing Director, Head of Institutional. Mr. Foley will be responsible for leading Churchill’s institutional fundraising strategy, strengthening existing and building new client relationships globally. He will report to President & CEO Ken Kencel and sit on the firm’s Operating Committee.

Mr. Foley will also assume the role of Co-Head of Institutional Business Development for Nuveen Private Capital (“NPC”) jointly with David Burnside, Head of Business Development at Arcmont Asset Management. Under their leadership, Churchill and Arcmont teams will work in close partnership with Nuveen’s Global Client Group to grow and expand access to NPC’s award-winning $87 billion private capital platform.

“We believe middle market private capital remains a strong risk-adjusted return opportunity for investors seeking yield, downside protection and resilience across cycles,” said Mr. Kencel. “Michael’s deep institutional relationships and track record of scaling global distribution platforms will be instrumental as we continue to service our client base and maximize cross-selling opportunities across the broader Churchill, Nuveen and NPC platforms. We are thrilled to welcome Michael to our team.”

Based in Churchill’s New York City headquarters, Mr. Foley brings over 20 years of experience in asset management, joining from Franklin Templeton where he led the firm’s US institutional direct sales, consultant relations and relationship management teams. Prior to that, he led Guggenheim’s institutional client group for the Americas and Europe and held distribution leadership roles at BlackRock and AllianceBernstein.

Foley commented: “I look forward to working with Churchill’s exceptional team to deliver the best outcomes for the firm and NPC’s global investor base. The combined strength of our global distribution network and sophisticated middle market private capital platform positions us to deliver tailored solutions and meaningful outcomes for investors around the world.”

In addition to this hire, Churchill continues to expand its Investor Solutions Group to meet the needs of investors, appointing Elizabeth "Liz" Leung as Managing Director, Head of Client Services in August. Ms. Leung brings 25 years of investor relations experience, most recently serving as Partner, Managing Director, and Co-Head of Client Relations and Business Development at Aetos Alternatives Management. At Churchill, Liz is responsible for leading investor reporting and client engagement efforts, collaborating closely across departments to help ensure a seamless, high-quality experience for investors.

About Churchill Asset Management LLC

Churchill, an investment-specialist affiliate of Nuveen (the asset manager of TIAA), provides customized financing solutions to U.S. middle market private equity firms and their portfolio companies across the capital structure. With $55 billion of committed capital, we provide 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 our unique origination strategy and investment approach are driven by over 200 professionals in New York, Charlotte, Chicago and Los Angeles. To learn more, visit www.churchillam.com.

About Nuveen Private Capital

Backed by TIAA, Nuveen Private Capital (NPC) is an $87 billion private capital platform and one of the world’s largest private debt managers. It brings together the complementary strengths of Churchill Asset Management and Arcmont Asset Management – two leading private capital platforms in the U.S. and Europe – to offer investors access to high quality, diversified opportunities across the capital structure, focused on private equity-backed middle market companies. NPC provides a comprehensive suite of solutions, including senior lending, junior capital, capital solutions, equity co-investments, secondaries and private equity fund commitments. With over 300 professionals across 15 global offices, the platform combines deep investment expertise, disciplined underwriting, and a strong focus on partnership and risk management to deliver differentiated access to private markets at scale.

This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Financial professionals should independently evaluate the risks associated with products or services and exercise independent judgment with respect to their clients.

Churchill Asset Management LLC, registered investment advisor, is a majority-owned, indirect subsidiary of Teachers Insurance and Annuity Association of America and an affiliate of Nuveen, LLC. Certain products are distributed by Nuveen Securities, LLC, Member FINRA and SIPC.

Investments in middle market loans are subject to certain risks. Please consider all risks carefully prior to investing in any particular strategy. These investments are subject to credit risk and potentially limited liquidity, as well as interest rate risk, currency risk, prepayment and extension risk, and inflation risk.

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