Dechert Advises Churchill Asset Management on US$700 Million Collateralized Fund Obligation
July 07, 2022
Dechert LLP advised Churchill Asset Management LLC on its US$700 million inaugural collateralized fund obligation (“CFO”), which closed on June 30, 2022.
The US$700 million CFO will invest across Churchill’s flagship private capital fund strategies – senior lending, junior capital, equity co-investment and private equity fund commitments.
Churchill Asset Management LLC, 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.
The Dechert team included global finance partners John Timperio and Jon Burke, consulting attorney Mary Bear and associates Eric Zeng, Evan Reid and Taylor Muller; financial services partner Lindsay Trapp and associate Elliott Kieffer; tax partner Jeff Kang; and employee benefits partner Steven Rabitz.
About Dechert
Dechert is a leading global law firm with 22 offices around the world. The firm advises on matters and transactions of the greatest complexity, bringing energy, creativity, and efficient management of legal issues to deliver commercial and practical advice for clients.
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