Nuveen Churchill Direct Lending
NCDL
39 hedge funds and large institutions have $78.7M invested in Nuveen Churchill Direct Lending in 2024 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 13 increasing their positions, 4 reducing their positions, and 5 closing their positions.
300% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 5
225% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 4
63% more funds holding
Funds holding: 24 → 39 (+15)
59% more capital invested
Capital invested by funds: $49.6M → $78.7M (+$29.2M)
3.21% more ownership
Funds ownership: 5.01% → 8.22% (+3.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Corient Private Wealth
Miami,
Florida
|
+$12.7M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$9.48M |
| 3 |
AM
Ares Management
Los Angeles,
California
|
+$1.31M |
| 4 |
OWA
Opal Wealth Advisors
Jericho,
New York
|
+$1.21M |
| 5 |
SCA
Snowden Capital Advisors
New York
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIM
Monashee Investment Management
Boston,
Massachusetts
|
-$1.73M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$1.05M |
| 3 |
Capstone Investment Advisors
New York
|
-$735K |
| 4 |
Teacher Retirement System of Texas
Austin,
Texas
|
-$542K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$387K |
NCDL Hedge Fund Activity: Q2 2024 in Review
39 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Nuveen Churchill Direct Lending (NCDL) for Q2 2024, worth a combined $78.7M — up 59% from $49.6M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new NCDL positions and 5 closed out — a net gain of 15 holders — while 13 added to existing stakes and 4 trimmed.
The largest buyer was Corient Private Wealth, opening a new position worth an estimated $12.7M. The largest seller was Monashee Investment Management, exiting entirely with an estimated $1.73M sold.
- 39 institutional investors held Nuveen Churchill Direct Lending (NCDL) as of Q2 2024, up from 24 in Q1 2024.
- Funds reported $78.7M of Nuveen Churchill Direct Lending stock for Q2 2024, up 59% quarter-over-quarter.
- 20 funds opened new Nuveen Churchill Direct Lending positions in Q2 2024 and 5 closed out, a net change of +15 holders.
- The largest Nuveen Churchill Direct Lending buyer in Q2 2024 was Corient Private Wealth, an estimated $12.7M added.
- The largest Nuveen Churchill Direct Lending seller in Q2 2024 was Monashee Investment Management, an estimated $1.73M sold.
Based on aggregated 13F filings for Q2 2024.