Churchill Asset Management LLC (“Churchill” or the “Firm”), an investment specialist of Nuveen, announced that Robert Paun has joined the Firm as Managing Director, Head of Investor Relations, Retail & Wealth. In this new role, Robert will lead the investor relations strategy, management and execution of the Firm’s regulated funds, while focusing on growing Churchill’s private wealth offerings and expanding access to its award-winning middle market private capital platform. He will be based in the Firm’s New York City headquarters and report directly to David Heilbrunn, Senior Managing Director and Co-Head of Churchill's Investor Solutions Group.
Churchill manages multiple business development companies or BDCs, which make private capital investments across the U.S. middle market more accessible to individual investors, typically through public or private offerings.
"Churchill aims to be at the forefront of the ‘democratization of alternatives,’ and Robert's appointment underscores our commitment to delivering innovative and accessible private capital strategies with outstanding client service to our growing number of individual investors," said Mr. Heilbrunn. "Robert’s leadership and extensive experience will be invaluable as we continue to broaden our presence within the private wealth community in partnership with Nuveen."
Mr. Paun brings over 20 years of experience in investor relations, corporate development and equity research. Most recently, he served as the Head of Investor Relations at FS Investments, where he was instrumental in launching and building the equity and debt investor relations programs for their publicly traded business development companies. Mr. Paun has also held previous roles at Affinion Group, Sidoti & Company, and Merrill Lynch.
"The demand for private market exposure among investors is significant and growing, and the opportunity to join one of the most active and differentiated private capital managers in the country is very exciting,” said Mr. Paun. “As we seek to provide attractive risk adjusted returns to our stakeholders, I look forward to being a trusted resource for our investors and analysts and continuing to provide transparency and consistent communication to all of our partners.”
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 over $50 billion of committed capital, we provide first lien, unitranche, second lien and mezzanine debt, in addition to equity co-investments, secondary solutions and private equity fund commitments. Churchill has a long history of disciplined investing across multiple economic cycles and our unique origination strategy, execution and investment are driven by more than 175 professionals in New York, Charlotte, Chicago, Dallas and Los Angeles. To learn more about Churchill, visit https://www.churchillam.com.
This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, 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 LLC is a registered investment advisor and majority-owned, indirect subsidiary of Teachers Insurance and Annuity Association of America. Certain products are distributed by Nuveen Securities, LLC, Member FINRA and SIPC.
Investments in middle market loans are subject to certain risks. Please consider all risks carefully prior to investing in any particular strategy. These investments are subject to credit risk and potentially limited liquidity, as well as interest rate risk, currency risk, prepayment and extension risk, and inflation risk.
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Contacts
Madison Hanlon
pro-churchill@prosek.com
