Nuveen Churchill Direct Lending (NCDL) risk factors
Item 1A of every Nuveen Churchill Direct Lending Corp. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors101 risks8 new8 dropped25 reworded
Nuveen Churchill added new risks concerning artificial intelligence adoption, SEC cybersecurity disclosure compliance, and recent Federal Reserve benchmark rate reductions to 3.50% to 3.75%.
Filed Feb 26, 2026 - FY2024 10-K risk factors101 risks
Nuveen Churchill Direct Lending Corp. relies heavily on Churchill and Nuveen affiliates for management and investment sourcing. The portfolio focuses on risky middle-market, privately owned, leveraged, and covenant-lite debt instruments. Operations face extensive exposure to macroeconomic uncertainties, inflation, interest rate shifts, and regional banking volatility.
Filed Feb 27, 2025