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Churchill Relocates New York City Headquarters to 375 Park AvenueChurchill Asset Management ("Churchill") today announced that it has relocated its headquarters in New York City to the iconic Seagram Building on 375 Park Avenue (between 52nd and 53rd streets), where it will occupy the 9th and 10th floors and 52,124 square feet. The move accommodates the consistent growth across Churchill's business and workforce, which now employs 160 professionals across five offices throughout the U.S. "Standing in the heart of midtown Manhattan, this new office space provides us the resources to continue building out our teams across key growth areas while also keeping us in close proximity to our clients, partners and stakeholders," said Ken Kencel, President & CEO of Churchill Asset Management. "Churchill has long been a resident of New York City, dating back to our original founding in 2006. Since then, the firm has experienced tremendous growth in the size of our team and the breadth of our private capital investment solutions. This new space will better support the needs of our professionals as they aim to provide best-in-class service to our investors and private equity partners." The Seagram Building, a 38-story skyscraper, stands as a "Class A+" building an a testament to modern commercial building design. In combination with its prime location and amenities, 375 Park Avenue continues to attract and maintain a strong base of leading financial service firms, law firms and Fortune 500 companies. Since its launch in 2006, Churchill has emerged as a leading capital provider for private equity sponsor-owned middle market companies, now with $47 billion in committed capital. The firm is differentiated in its ability to provide capital across the capital structure, including first lien, unitranche, second lien and mezzanine debt, in addition to equity co-investments, secondary solutions and private equity fund commitments. Today, Churchill ranks among the most active private credit managers in the U.S., annually closing or committing to over $10 billion in over 375 middle market companies. About Churchill Asset Management LLC Churchill, an investment-specialist affiliate of Nuveen (the asset manager of TIAA), provides customized financing solutions to middle market private equity firms and their portfolio companies across the capital structure. With $47 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, execution and investment are driven by more than 160 professionals in New York, Charlotte, Chicago, Dallas and Los Angeles. To learn more about Churchill, visit https://www.churchillam.com. GPS-3157664PR-O1023W
View source version on businesswire.com: https://www.businesswire.com/news/home/20231011662144/en/ |
