{"url":"https://nivawealth.com/firms/churchill-asset-management-175092","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/175092","regulatoryAum":55662946430,"crd":"175092","secFileNumber":"801-81144","legalName":"Churchill Asset Management LLC","displayName":"Churchill Asset Management","website":null,"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"375 Park Avenue","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10152"},"tradeNames":[],"registration":{"secApproved":"30 March 2015","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":206,"advisory":79,"brokerDealerReps":15,"insuranceAgents":0,"promoters":1},"aum":{"discretionary":55662946430,"discretionaryAccounts":72,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":61,"nonAumClients":0},"clientTypes":[{"label":"Investment companies","clients":2,"regulatoryAum":1060168330},{"label":"Business development companies","clients":3,"regulatoryAum":5107993873},{"label":"Pooled investment vehicles","clients":48,"regulatoryAum":24503846266},{"label":"Insurance companies","clients":8,"regulatoryAum":19525933897},{"label":"Sovereign wealth funds and foreign official institutions","clients":2,"regulatoryAum":1623794930},{"label":"Other","clients":9,"regulatoryAum":3841209134}],"fees":[],"feeNotes":[],"custodians":[{"name":"The Bank of New York Mellon","shortName":"The Bank of New York Mellon","location":"New York, NY","smaAssets":3494357102},{"name":"State Street Bank and Trust Company","shortName":"State Street Bank and Trust","location":"Kansas City, MO","smaAssets":172152262},{"name":"US Bank National Association","shortName":"US Bank National Association","location":"Minneapolis, MN","smaAssets":2403908684},{"name":"JP Morgan Chase Bank NA","shortName":"J.P. Morgan","location":"New York, NY","smaAssets":18920519913}],"custodyNote":"Churchill Asset Management has custody of $372.3M for 2 clients.","otherCustodians":[],"leadership":[{"name":"Kenneth Kencel","title":"Elected Manager and Chief Executive Officer","crd":"1829913"},{"name":"Shaul Vichness","title":"Senior Managing Director, Chief Financial Officer","crd":"6453926"},{"name":"Charmagne Kukulka","title":"Managing Director, Chief Compliance Officer","crd":"6226714"},{"name":"John McCally","title":"Senior Managing Director, General Counsel","crd":"5723881"}],"ownership":[{"label":"Nuveen Private Capital LLC","detail":"Direct owner in the 75% or more ownership band and a control person, since March 2023."},{"label":"Tiaa Board of Governors","detail":"Indirect owner: a shareholder of Teachers Insurance and Annuity Association of America in the 75% or more band and a control person, since March 1918.","parent":"Teachers Insurance and Annuity Association of America"},{"label":"Teachers Insurance and Annuity Association of America","detail":"Indirect owner: a member of Nuveen, LLC in the 75% or more band and a control person, since July 2014.","parent":"Nuveen, LLC"},{"label":"Nuveen, LLC","detail":"Indirect owner: a member of Nuveen Consolidated, LLC in the 75% or more band and a control person, since November 2025.","parent":"Nuveen Consolidated, LLC"},{"label":"Tiaa-Cref Asset Management LLC","detail":"Indirect owner: a member of Nuveen Alternative Holdings LLC in the 75% or more band and a control person, since October 2013.","parent":"Nuveen Alternative Holdings LLC"},{"label":"Nuveen Alternative Holdings LLC","detail":"Indirect owner: a shareholder of Nuveen Private Capital LLC in the 75% or more band and a control person, since March 2023.","parent":"Nuveen Private Capital LLC"},{"label":"Nuveen Consolidated, LLC","detail":"Indirect owner: a member of Tiaa-Cref Asset Management LLC in the 75% or more band and a control person, since November 2025.","parent":"Tiaa-Cref Asset Management LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":4,"privateResidences":0},"listedOfficeAddresses":5,"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"880 Apollo Street","city":"El Segundo"}]},{"state":"Florida","offices":1,"addresses":[{"street":"3835 Pga Boulevard, North Building","city":"Palm Beach Gardens"}]},{"state":"Illinois","offices":1,"addresses":[{"street":"333 West Wacker Drive","city":"Chicago"}]},{"state":"New York","offices":1,"addresses":[{"street":"375 Park Avenue","city":"New York","headquarters":true}]},{"state":"North Carolina","offices":1,"addresses":[{"street":"8500 Andrew Carnegie BLVD","city":"Charlotte"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"212-478-9200","stateRegisteredReps":0,"otherAdviserReps":3,"compensation":["A percentage of assets under management","Subscription fees","Fixed fees (other than subscription fees)","Performance-based fees"],"activities":["Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Publication of periodicals or newsletters","Other"],"financialPlanningClients":null,"assetMix":[{"label":"Non-exchange-traded equity securities","percent":13},{"label":"Non-investment grade corporate bonds","percent":7},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":33},{"label":"Cash and cash equivalents","percent":1},{"label":"Other","percent":45,"detail":"Senior Leveraged Loans, Commitments, Structured Equity, Junior Capital"}],"privateFunds":48},"sources":{"adv1FilingDate":"15 June 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/175092/PDF/175092.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Churchill Asset Management have?","answer":"Churchill Asset Management has 72 clients and manages $55.7 billion for them, as of June 2026. They include 48 pooled investment vehicles, 9 other clients and 8 insurance companies.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 15 June 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Churchill Asset Management offer?","answer":"Churchill Asset Management provides portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, publishing newsletters and other activities.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Churchill Asset Management use?","answer":"Churchill Asset Management’s separately managed account assets are held at JP Morgan Chase Bank NA (New York, NY), with $18,920,519,913, The Bank of New York Mellon (New York, NY), with $3,494,357,102, US Bank National Association (Minneapolis, MN), with $2,403,908,684 and State Street Bank and Trust Company (Kansas City, MO), with $172,152,262. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 15 June 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Churchill Asset Management have?","answer":"Churchill Asset Management has 0 investment adviser representatives registered with state securities authorities, out of 206 employees, and 79 perform investment advisory functions. 15 are registered representatives of a broker-dealer and 0 are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Churchill Asset Management invest in?","answer":"At the end of its last fiscal year, Churchill Asset Management’s separately managed accounts held 45% senior leveraged loans, commitments, structured equity, junior capital, 33% pooled vehicles (private funds and similar), 13% non-exchange-traded equities, 7% high-yield corporate bonds and 1% cash and equivalents. It advises 48 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Churchill Asset Management?","answer":"Churchill Asset Management is owned through a chain of holding companies by Tiaa Board of Governors. Its direct owner is Nuveen Private Capital LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 15 June 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Churchill Asset Management get paid?","answer":"Churchill Asset Management is paid through a percentage of assets under management, subscription fees, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}