Churchill opens capital solutions arm with TIAA seed and two senior hires

"As private equity holding periods continue to extend, sponsors increasingly need financing partners that can provide greater flexibility for their portfolio companies," said Jason Strife, head of junior capital and private equity solutions at Churchill.

"Our scale, partnership approach and the breadth of Nuveen Private Capital position us to support clients across a broader range of capital needs while remaining focused on the core middle market," said Mat Linett, head of senior lending. Charney will report jointly to Linett and Strife and sit on the capital solutions investment committee.

Charney joins from King Street Capital Management, where he spent more than 13 years, latterly as head of capital solutions and head of capital markets. He was previously a research analyst at Och-Ziff Capital Management, GoldenTree Asset Management and Bear Stearns. Robin Russell has also joined as a managing director on the team, focusing on underwriting and structuring, after investment roles at Cyrus Capital Partners, Bennett Capital Management, Onex Credit and Jefferies.

Churchill has $66 billion of committed capital and more than 225 investment professionals. With sister company Arcmont Asset Management — whose European capital solutions platform the new strategy will draw on — it forms Nuveen Private Capital, a $99 billion private debt platform.

Sources: churchillam.com