Nuveen Churchill Direct Lending
NCDL
81 hedge funds and large institutions have $269M invested in Nuveen Churchill Direct Lending in 2024 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 38 increasing their positions, 4 reducing their positions, and 2 closing their positions.
1,600% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 2
850% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 4
62% more funds holding
Funds holding: 50 → 81 (+31)
30% more capital invested
Capital invested by funds: $208M → $269M (+$61.5M)
7.69% more ownership
Funds ownership: 21.75% → 29.44% (+7.7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$6.25M |
| 2 |
Millennium Management
New York
|
+$5.88M |
| 3 |
Goldman Sachs
New York
|
+$5.31M |
| 4 |
IC
IEQ Capital
Foster City,
California
|
+$4.9M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$4.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
-$1.54M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$446K |
| 3 |
VT
Vise Technologies
New York
|
-$405K |
| 4 |
JSL
JT Stratford LLC
Gainesville,
Georgia
|
-$180K |
| 5 |
PCA
Pallas Capital Advisors
Braintree,
Massachusetts
|
-$39.7K |
NCDL Hedge Fund Activity: Q4 2024 in Review
81 of the 7,607 institutional investors tracked by Wall St. Rank reported a position in Nuveen Churchill Direct Lending (NCDL) for Q4 2024, worth a combined $269M — up 30% from $208M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new NCDL positions and 2 closed out — a net gain of 32 holders — while 38 added to existing stakes and 4 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $6.25M. The largest seller was Acadian Asset Management, cutting an estimated $1.54M.
- 81 institutional investors held Nuveen Churchill Direct Lending (NCDL) as of Q4 2024, up from 50 in Q3 2024.
- Funds reported $269M of Nuveen Churchill Direct Lending stock for Q4 2024, up 30% quarter-over-quarter.
- 34 funds opened new Nuveen Churchill Direct Lending positions in Q4 2024 and 2 closed out, a net change of +32 holders.
- The largest Nuveen Churchill Direct Lending buyer in Q4 2024 was JP Morgan Chase, an estimated $6.25M added.
- The largest Nuveen Churchill Direct Lending seller in Q4 2024 was Acadian Asset Management, an estimated $1.54M sold.
Based on aggregated 13F filings for Q4 2024.