Seasoned Executive Joins as Head of Secondaries to Capture Growing Market Opportunity
Churchill Asset Management LLC, an investment-specialist affiliate of Nuveen providing customized financing solutions to private equity firms and their portfolio companies, announced that Nick Lawler has joined as Managing Director and Head of Secondaries. He is responsible for leading the Firm’s new secondaries strategy and investing across the secondaries landscape. Mr. Lawler is based in Churchill’s Chicago office and reports directly to Jason Strife, Head of Junior Capital & Private Equity Solutions.
“As the private capital industry continues to grow, mature and evolve, Churchill is constantly enhancing the array of financing solutions we provide to our private equity partners. Bespoke liquidity solutions are a logical and complementary extension of our offerings,” said Mr. Strife. “We are excited to welcome Nick, a highly seasoned secondaries investor, to the team, and believe his substantial experience, relationships and shared values will be instrumental as we continue to expand the Churchill platform to meet the needs of our clients.”
Prior to joining Churchill, Mr. Lawler spent 14 years at Northern Trust Corporation, 10 of which were at 50 South Capital Advisors, LLC, the alternative investment arm of Northern Trust. Most recently, he served as Senior Vice President at 50 South Capital and was integral in building and leading their secondaries business. Additionally, Mr. Lawler and his team were responsible for the deal sourcing and execution of over $1 billion of secondary, direct, structured and preferred equity investments.
“I’m thrilled to join Churchill at this exciting time for both the Company and the secondaries asset class,” said Mr. Lawler. “As a blue-chip LP and partner to hundreds of private equity firms across the United States, Churchill has a unique opportunity to capture the growing market opportunity and source proprietary opportunities unavailable to many other industry participants.”
In September 2021, Churchill completed its inaugural secondaries transaction in partnership with Ardian, a world-leading private investment house. By completing a sale of private equity fund commitments, Churchill established two new commingled funds totaling nearly $1.5 billion of committed capital; Churchill Secondary Partners, L.P. and Churchill Co-Investment Partners, L.P. This innovative secondaries transaction expanded institutional investor access to Churchill’s private equity platform and provided the limited partners with a diversified, U.S. middle market portfolio of blue-chip funds with additional exposure to Churchill’s market-leading co-investment strategy.
About Churchill Asset Management LLC
Churchill, an investment-specialist affiliate of Nuveen (the asset manager of TIAA), provides customized financing solutions to middle market private equity firms and their portfolio companies across the capital structure. With $39 billion of committed capital, Churchill provides first lien, unitranche, second lien and mezzanine debt, in addition to equity co-investments and private equity fund commitments. Churchill has a long history of disciplined investing across multiple economic cycles and our unique origination strategy, best in class execution and investment are driven by more than 140 professionals in New York, Charlotte, Chicago, Dallas and Los Angeles. More information can be found at www.churchillam.com.
This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Financial professionals should independently evaluate the risks associated with products or services and exercise independent judgment with respect to their clients. Churchill Asset Management is a registered investment advisor and majority-owned, indirect subsidiary of Teachers Insurance and Annuity Association of America.
Certain Nuveen products are advised by Nuveen Alternatives Advisors LLC, a registered investment advisor and wholly owned subsidiary of TIAA, and distributed by Nuveen Securities, LLC, Member FINRA and SIPC.
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Contacts
Madison Hanlon
pro-churchill@prosek.com
