Ken Kencel on the Rise of Private Capital

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.4 • 2.2K Ratings

🗓️ 31 March 2023

⏱️ 86 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bloomberg Radio host Barry Ritholtz speaks with Ken Kencel, who is president and chief executive officer of Churchill Asset Management, a private credit firm with $46 billion in assets under management that was the top US private equity lender in the 2022 PitchBook league tables and was named 2022 Lender Firm of the Year by The M&A Advisor. Churchill Asset Management is an affiliate of Nuveen, the $1.1 trillion asset-management arm of TIAA. Kencel, who has more than three decades of experience in the investment industry, also serves as chairman of the board, president and CEO of Nuveen Churchill Direct Lending Inc., Churchill’s publicly registered business development company.

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0:47.0	This is Masters in Business with Barry Redholz on Bloomberg Radio.
0:53.0	This week on the podcast, I have an extra special guest.
0:57.0	Ken Kensell of Churchill Asset Management, CEO, founder, president.
1:03.0	This is really a fascinating story. Ken was there at the beginning of the private credit markets
1:10.0	when he was working at Drexel.
1:13.0	And he's been at a number of shops, including Chase and Carlisle.
1:21.0	Really, few people in the industry have seen the growth of this from a tiny little niche form of credit
1:30.0	to a trillion dollar plus industry that's become a key part of asset allocation and a key part of the management of foundations, endowments,
1:42.0	other large institutional investments. I found this conversation really to be absolutely a master class and totally fascinating.
1:51.0	And I think you will as well with no further ado, my conversation with Ken Kensell of Churchill Asset Management.
2:00.0	Ken Kensell, welcome to Bloomberg.
2:03.0	Thanks so much, Barry. Great to be here and love the format.
	...

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