Key Takeaways
- • Churchill Asset Management, a Nuveen Private Capital affiliate, launched a new Capital Solutions strategy designed to provide customized financing for middle-market private equity-backed companies requiring greater structuring flexibility.
- • Noah Charney appointed as Managing Director and Head of Capital Solutions, joining from King Street Capital Management where he spent 13+ years in leadership roles focused on capital solutions; he reports jointly to Mat Linett (Head of Senior Lending) and Jason Strife (Head of Junior Capital & Private Equity Solutions).
- • The strategy will primarily invest in senior secured opportunities with selective junior capital deployment to support balance sheet optimization, complex buyouts, add-on acquisitions, maturity extensions, and bespoke financing situations across the middle market.
- • Strategy launches with direct capital commitment from parent company TIAA, establishing institutional foundation, and leverages Arcmont Asset Management's established European Capital Solutions platform capabilities through Nuveen Private Capital.
- • The Capital Solutions strategy represents a platform expansion building on Churchill's two-decade relationships with private equity sponsors, extending the firm's product offerings while maintaining focus on the core middle market.
Summary
Churchill Asset Management announced the launch of its Capital Solutions strategy on August 12, 2026, marking a significant platform expansion within Nuveen Private Capital. The new strategy targets middle-market private equity-backed companies that require customized financing solutions with greater structuring flexibility to address evolving capital needs.
Noah Charney has been appointed Managing Director and Head of Capital Solutions to lead the new business. Charney brings extensive expertise from King Street Capital Management, where he spent more than 13 years in leadership roles focused on capital solutions, including sourcing, structuring, and investing in complex transactions. At Churchill, he will be based in the company's New York City headquarters and will serve on the Capital Solutions Investment Committee, reporting jointly to Mat Linett, Head of Senior Lending, and Jason Strife, Head of Junior Capital & Private Equity Solutions.
The Capital Solutions strategy will focus primarily on senior secured opportunities, while selectively utilizing junior capital where appropriate. Target use cases include balance sheet optimization, complex buyouts, add-on acquisitions, maturity extensions, and other bespoke financing situations. According to Mat Linett, the strategy represents "a natural extension of our platform, building on the trusted relationships we've developed with private equity sponsors over the last two decades." The launch benefits from Churchill's scale, partnership approach, and Nuveen Private Capital's breadth of capabilities across lending and private equity solutions.
The strategy launches with a capital commitment from parent company TIAA, providing institutional foundation strength from inception. Additionally, the platform will leverage the experience and capabilities of Arcmont Asset Management's established European Capital Solutions platform, accessible through Nuveen Private Capital. This combination of capital backing and established operational infrastructure positions the new strategy to support private equity clients across a broader range of capital needs while maintaining focus on the core middle market segment where Churchill has historically maintained deep sponsor relationships.
Noah Charney has been appointed Managing Director and Head of Capital Solutions to lead the new business. Charney brings extensive expertise from King Street Capital Management, where he spent more than 13 years in leadership roles focused on capital solutions, including sourcing, structuring, and investing in complex transactions. At Churchill, he will be based in the company's New York City headquarters and will serve on the Capital Solutions Investment Committee, reporting jointly to Mat Linett, Head of Senior Lending, and Jason Strife, Head of Junior Capital & Private Equity Solutions.
The Capital Solutions strategy will focus primarily on senior secured opportunities, while selectively utilizing junior capital where appropriate. Target use cases include balance sheet optimization, complex buyouts, add-on acquisitions, maturity extensions, and other bespoke financing situations. According to Mat Linett, the strategy represents "a natural extension of our platform, building on the trusted relationships we've developed with private equity sponsors over the last two decades." The launch benefits from Churchill's scale, partnership approach, and Nuveen Private Capital's breadth of capabilities across lending and private equity solutions.
The strategy launches with a capital commitment from parent company TIAA, providing institutional foundation strength from inception. Additionally, the platform will leverage the experience and capabilities of Arcmont Asset Management's established European Capital Solutions platform, accessible through Nuveen Private Capital. This combination of capital backing and established operational infrastructure positions the new strategy to support private equity clients across a broader range of capital needs while maintaining focus on the core middle market segment where Churchill has historically maintained deep sponsor relationships.
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