Nuveen Churchill Direct Lending Corp. (NCDL) Stock Analysis

What Nuveen Churchill Direct Lending Corp. does

Nuveen Churchill Direct Lending Corp. (NCDL), initially formed as a Delaware limited liability company on March 13, 2018, and subsequently restructured into a Maryland corporation on June 18, 2019, prior to commencing its business activities, operates as a closed-end, externally managed, non-diversified investment company. It has chosen to be regulated as a Business Development Company (BDC) under the Investment Company Act of 1940, as amended. The firm's principal investment goal is to generate appealing risk-adjusted returns, primarily through current income. This is achieved by predominantly investing in senior secured loans provided to private equity-backed U.S. middle market companies, which NCDL identifies as enterprises with annual earnings before interest, taxes, depreciation, and amortization (EBITDA) generally ranging from $10.0 million to $100.0 million. Its portfolio will largely comprise what it refers to as "Senior Loans," primarily consisting of privately originated first-lien senior secured debt and unitranche loans (excluding "last-out" positions) to these performing U.S. middle market businesses. Additionally, the company selectively pursues "Junior Capital Investments," which include instruments such as second-lien loans, subordinated debt, last-out unitranche loan positions, and various equity-related securities.

Key metrics

ETFs linked to NCDL

Broad-market and Financial Services sector ETFs an investor holding Nuveen Churchill Direct Lending Corp. is often also exposed to. Open an ETF page to see its actual top holdings.

PortView Portfolio Insights

PortView analyzes how NCDL fits your actual portfolio — position weight, portfolio concentration, unrealized gain/loss, contribution to return, sector exposure, indirect exposure through the ETFs you hold, and correlation with your other holdings. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.

Frequently asked questions

What is the ticker symbol for Nuveen Churchill Direct Lending Corp.?

Nuveen Churchill Direct Lending Corp. trades under the ticker NCDL on NYSE.

Which exchange is NCDL listed on?

NCDL is listed on NYSE.

What sector does Nuveen Churchill Direct Lending Corp. operate in?

Nuveen Churchill Direct Lending Corp. is classified in the Financial Services sector (Asset Management industry).

How can PortView help analyze NCDL in a portfolio?

PortView shows NCDL's weight in your portfolio, its contribution to return and risk, sector exposure, indirect exposure through ETFs you own, and correlation with your other holdings.