The private credit investment strategy is designed to gain exposure to an investment sector that is otherwise difficult to access and requires specialized knowledge. As an experienced and long-term investor, TIAA has investment teams focused on various sub-asset classes within private credit, including private placements, middle market senior secured loans and mezzanine finance. TIAA employs high selectivity on the front-end and comprehensive monitoring throughout the investment cycle to create value for our clients.
An active investor in the private placement market since the inception of the asset class, TIAA continues to be a prominent market participant. The private placement strategy seeks to provide investors broad exposure to a variety of private debt issuers, offering a portfolio of investments with attractive yields while looking to minimize realized losses within a risk-controlled framework.
TIAA has a strong presence in the middle market, providing both senior and mezzanine financing primarily to private equity sponsor-backed companies to fund acquisitions, working capital, expansion, refinancing and recapitalizations. TIAA’s senior middle market debt investing is now being conducted through its newly created majority-owned affiliate, Churchill Asset Management LLC. This strategy seeks to achieve attractive risk-adjusted returns while delivering flexible financing solutions for middle market companies with superior operating management and strong private equity sponsorship.
Private credit investments are subject to certain risks such as market and investment style risk. Investments are highly illiquid and subject to greater risk.
This material is provided for the informational purposes only and should not be regarded as a recommendation or an offer to buy or sell any product or service to which this information may relate.
The strategies discussed may only be appropriate for certain qualified investors.