The Trends in Private-Credit Investing

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About This Episode

Churchill Asset Management invests in middle-market companies. It is part of Nuveen, and it raises capital from investors through comingled funds, separately managed accounts, business development companies (BDCs) and collateralized loan obligations (CLOs).

In February, Nuveen and Churchill announced the launch of PCAP, a BDC that offers individual investors access to private capital investments across the U.S. middle market. My guest today, Alona Gornick, works with advisors who invest in this space. She will discuss the market environment and how advisors are approaching it, the risk-return profile for this type of investment, and the questions advisors should ask as they approach this opportunity.

About Our Guest

Alona Gornick serves as a managing director, senior investment strategist, and co-head of the Chicago office for Churchill Asset Management. In her role, Alona provides investment insights across the private-capital spectrum to the investment community, with a particular emphasis on the private wealth and retail channels. She works closely with Nuveen’s global distribution team to deepen relationships with and educate Churchill’s investors and partners.

Alona also serves as co-head of Churchill’s Diversity, Equity and Inclusion Council, where she collaborates on initiatives that prioritize inclusion and authenticity. Alona joined Churchill in 2017 as an originator, developing relationships with leading private equity sponsors to source and structure high-quality deal flow for the platform.

Prior to joining Churchill, Alona spent 14 years in various investment, capital markets and investor relations roles at leading organizations, including Nuveen (Churchill’s parent company), Golden Gate Capital, and Oaktree Capital Management. She began her career in investment banking in the Gaming & Leisure Group at Banc of America Securities.

Alona earned her B.A. in business administration from the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill and her M.B.A. from the Wharton School at the University of Pennsylvania.

Show Notes

Here is a link for more information about Churchill Asset Management:

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