Churchill Asset Management LLC (New York)

Name: Churchill Asset Management LLC
Address: 430 Park Avenue, New York, NY, 10022
Telephone: 212-478-9200

Churchill Asset Management LLC is a large advisory firm based in New York. It manages $4.71 billion of regulatory assets for 14 client accounts. It has been registered with the SEC as an adviser since 2015.

Churchill Asset Management provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, publication of newsletters, and registrant provides investment advisory and subadvisory services to collaterized loan obligations. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Churchill Asset Management: assets under management

The assets under management (AUM) of Churchill Asset Management LLC is $4.71 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 3364% since the beginning of its operation, and $1.63 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $4.71 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $336.08 million each.

Investments

The firm invests in other assets the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Churchill Asset Management LLC for their services and products based on a percentage of assets under management, subscription fees, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Churchill Asset Management serves?

The only and largest group of clients of Churchill Asset Management is pooled investment vehicles with 12 clients and $3.43 billion of assets under management. Among the 10 most similar advisory firms, Churchill Asset Management has the 3rd lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.43 billion for 12 clients. 35% of the firm’s clients are foreign persons or businesses.

Churchill Asset Management also advises several private funds.

Careers at Churchill Asset Management LLC

The company employs 33 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael George Phillips	Director, associate general counsel	1 Sep 2014	Other	5576653
Heather Antonette Mcfarland	Chief compliance officer	1 Feb 2015	Other	1816671
John David Mccally	Director, associate general counsel	1 Feb 2015	Other	5723881
Michael George Phillips	Director, associate general counsel	1 Feb 2015	Other	5576653
Richard Scott Biegen	Managing director, senior compliance officer	1 Feb 2015	Other	2709295
Kenneth John Kencel	Chief executive officer, group head	1 Apr 2015	Other	1829913
George Franklin Kurteson	Managing director underwriting & portfolio management	1 Apr 2015	Other	5910383
Durant David Schwimmer	Managing director capital markets & origination	1 Apr 2015	Other	3041619
Alastair Guy Claude Merrick	Chief financial officer, chief administrative officer	1 Apr 2015	Other	4364092
Brian Keith Roelke	Managing director, head of corporate finance originations	1 Apr 2015	Other	2411729
Shaul Nmn Vichness	Senior director, leveraged lending	1 Apr 2015	Other	6453926
Christopher Bidden Cox	Senior managing director, chief risk officer	1 Jul 2015	Other	2759494
Carol Ward Deckbar	Manager and evp, ceo tiaa-cref asset management	1 Jul 2015	Other	4056286
Jose Manuel Minaya	Elected member and senior managing director, head of private markets	1 Jul 2015	Other	4281832
Heather Lynn Davis	Manager and chief investment officer, tcam private markets	1 Jul 2015	Other	2672041
John David Mccally	Assistant secretary	1 Sep 2015	Other	5723881
Keith Joseph Ryan	Controller	1 Sep 2015	Other	2805390
Michael George Phillips	Assistant secretary	1 Sep 2015	Other	5576653
Jose Manuel Minaya	Elected member and executive vice president, president tiaa global real assets	1 Feb 2016	Other	4281832
Heather Lynn Davis	Manager and chief investment officer, tiaa global real assets	1 Feb 2016	Other	2672041
Heather Clark Mcnally	Vice president	1 Mar 2016	Other	6212361
John David Mccally	Senior director, associate general counsel	1 Mar 2016	Other	5723881
Michael George Phillips	Senior director, associate general counsel, asst. secretary	1 Mar 2016	Other	5576653
Heather Clark Mcnally	Senior vice president	1 Jan 2017	Other	6212361
David Alan Heilbrunn	Senior managing director,head of product development and capital raising	1 Feb 2017	Other	2394516

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Tiaa Board Of Overseers	Shareholder	1 Mar 1918	75% - 100%	13-6110585
Tiaa Board Of Overseers	Shareholder	1 Jun 1938	75% - 100%	13-6110585
Tiaa Cref Asset Management Llc	Shareholder	1 Oct 2013	75% - 100%	13-3905273
Teachers Insurance And Annuity Association Of America	Shareholder	1 Jul 2014	75% - 100%	13-1624203
Llc Tiaa Asset Management	Shareholder	1 Dec 2014	75% - 100%	47-1595484
Llc Nuveen	Shareholder	1 Dec 2014	75% - 100%	47-1595484
Tiaa Global Asset Management Llc	Shareholder	1 Dec 2014	75% - 100%	47-1595484
Llc Tiaa Alternative Holdings	Shareholder	1 Feb 2015	75% - 100%	46-3870972
Nuveen Alternative Holdings Llc	Shareholder	1 Feb 2015	75% - 100%	46-3870972

Based in New York

The principal office where Churchill Asset Management LLC performs its advisory services is located at 430 Park Avenue, New York, NY 10022, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-478-9200 or by fax 212-593-4564. The normal business hours are 8:15am - 5:00pm on Monday - Friday. You can find more information about the New York firm at churchillam.com and its LinkedIn profile.