Key Takeaways
- • Churchill Asset Management, the U.S. asset management arm of Nuveen Private Capital (NPC), appointed Brynjar Agnarsson as managing director and senior investment strategist focused on U.S. private credit solutions for EMEA investors.
- • Agnarsson joins from PJT Park Hill Group, where he was a managing director advising European investors on private placements for alternative investment funds.
- • Agnarsson previously spent eight years at The Carlyle Group responsible for private credit fundraising across EMEA.
- • He will report to Michael Foley, head of institutional at Churchill, and support NPC's global business development team and Nuveen's global client group.
- • The hire reflects growing European institutional appetite for U.S. middle market private credit, which Foley cites for risk-adjusted returns, cycle resilience, and diversification.
Summary
Churchill Asset Management, the U.S. asset management company of Nuveen Private Capital (NPC), has added Brynjar Agnarsson as a managing director and senior investment strategist. His mandate is to develop U.S. private credit solutions for investors in Europe, the Middle East and Africa (EMEA). He will report to Michael Foley, head of institutional at Churchill.
In the role, Agnarsson will support NPC's global business development team and Nuveen's global client group. The objective is to ensure EMEA investors can access Churchill's U.S. senior lending and junior capital strategies, according to the firm's announcement as reported by ABF Journal.
Foley said there is a growing appetite among European institutions for U.S. middle market private credit, citing its potential for attractive risk-adjusted returns, resilience through market cycles, and portfolio diversification. He added that Agnarsson's experience and relationships across Europe would build on NPC's significant existing investor base in the region.
Agnarsson joins from PJT Park Hill Group, where he was a managing director advising investors across Europe on private placements for alternative investment funds. Before that, he spent eight years at The Carlyle Group responsible for private credit fundraising across EMEA. In his comments, he emphasized European investors' preference for managers with geographic diversification, proven track records and differentiated private equity relationships, areas where he said Churchill has established clear market leadership.
In the role, Agnarsson will support NPC's global business development team and Nuveen's global client group. The objective is to ensure EMEA investors can access Churchill's U.S. senior lending and junior capital strategies, according to the firm's announcement as reported by ABF Journal.
Foley said there is a growing appetite among European institutions for U.S. middle market private credit, citing its potential for attractive risk-adjusted returns, resilience through market cycles, and portfolio diversification. He added that Agnarsson's experience and relationships across Europe would build on NPC's significant existing investor base in the region.
Agnarsson joins from PJT Park Hill Group, where he was a managing director advising investors across Europe on private placements for alternative investment funds. Before that, he spent eight years at The Carlyle Group responsible for private credit fundraising across EMEA. In his comments, he emphasized European investors' preference for managers with geographic diversification, proven track records and differentiated private equity relationships, areas where he said Churchill has established clear market leadership.
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