Churchill closes junior capital fund on $1.54bn
Monday, November 2, 2026 · first reported by Private Debt Investor and 5 others
Churchill Asset Management raised $1.54bn in total commitments for Junior Capital Opportunities Fund III, which has now closed. That beat the $1bn target, and the previous fund in the programme gathered $737m.
The vehicle provides junior debt to US mid-market companies owned by private equity firms. Pension funds, insurers, asset managers and family offices from around the world committed capital. Roughly $665m arrived via rated feeder structures aimed at insurance investors. To date the fund has deployed about $600m across 44 portfolio companies, working with 30 private equity firms.
- Firm
- Churchill
- Size
- $1.5B
- Stage
- Final close
- Asset class
- Credit
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Coverage
6 sources- Private Debt InvestorChurchill closes junior capital fund on $1.54bn
- Alternative Credit InvestorChurchill lands $1.54bn for junior capital fund
- AltAssetsChurchill Asset Management more than doubles junior capital fund to record $1.54bn close
- Alternatives WatchChurchill draws $1.54bn for third junior capital fund
- Business WireChurchill Asset Management Closes Record $1.54 Billion Junior Capital Opportunities Fund III, More Than Doubling Predecessor
- HedgeCoChurchill Closed Junior Capital Opportunities Fund III at a Record $1.54 Billion, More Than Doubling Its Predecessor
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