Ropes & Gray acted for Churchill Asset Management in Nuveen's Acquisition of Arcmont Asset Management

Ropes & Gray acted for Churchill Asset Management in Nuveen's Acquisition of Arcmont Asset Management

Churchill Asset Management, a $21 billion committed capital European private debt investment firm, sought counsel from Ropes & Gray regarding Nuveen's acquisition of Arcmont Asset Management.

With more than $60 billion in committed money, Arcmont and Churchill's expertise will combine to become one of the largest private debt managers in the world, boosting Nuveen's total alternative credit assets under management to $178 billion.

Nuveen, TIAA's investment manager, operates a direct lending division called Churchill Asset Management. A news statement was issued on October 27 to make the announcement public.

Daniel Evans, a partner in private equity, served as the team's leader.

Daniel Evans, a partner in private equity, led team and included Katie Waite - an asset management partner; tax partner - Jay Milkes and Casey Burns White - asset management associate.