Churchill Asset Management LLC (“Churchill” or the “Firm”), an investment-specialist of Nuveen which provides customized financing solutions to private equity firms and their portfolio companies, today announced that Carol Loundon has been appointed Deputy Chief Risk Officer.

In this role, Ms. Loundon will assist Churchill’s Chief Risk Officer, Christopher Cox, in the day-to-day oversight of the risk management team’s functional areas, including valuation, allocation, ESG, data management and reporting. The team comprises approximately 20 employees that support all of Churchill’s risk management activities across the Firm’s growing $41 billion platform, including its senior lending, junior capital and private equity solutions strategies.

With over 18 years of financial services experience, Ms. Loundon previously served as a Managing Director in Churchill’s senior lending underwriting and portfolio management group. She is one of the Firm’s longest-tenured employees, having worked with Mr. Cox and other members of Churchill’s senior management team since 2007.

“Carol’s excellent track record of structuring and monitoring investments throughout various market cycles has been integral to our Firm’s success, and I am delighted to welcome her to this important risk management leadership role,” said Mr. Cox. “Her experience as a respected deal team leader gives her unique insights into our investment philosophy, processes, and procedures, making her an ideal fit for this position. Congratulations to Carol on this well-deserved promotion!”

Ms. Loundon added, “In both benign and uncertain market environments, a strong and proactive risk management function is critical to success. Churchill’s position as one of the leading private capital firms in the country is in large part due to our disciplined investment approach and robust portfolio construction and monitoring procedures. I look forward to working closely with Chris and the team to refine our processes and continue our successful track record.”

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 $41 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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