Nuveen Churchill Direct Lending Q2 FY26 net assets from operations drop 77.56% to $3.59 million; total investment income falls 16.56% to $44.33 million - NCDL News | Rallies
Nuveen Churchill Direct Lending Q2 FY26 net assets from operations drop 77.56% to $3.59 million; total investment income falls 16.56% to $44.33 million
Nuveen Churchill Direct Lending posted net investment income of $20.22 million for the quarter ended June 30, 2026, down 11.53% year over year.
Net increase in net assets from operations slid to $3.59 million from $16.02 million a year earlier, as net realized and unrealized losses widened to $16.63 million.
Total investment income fell 16.57% to $44.33 million, reflecting lower interest income of $41.81 million.
Portfolio quality and liquidity
Asset quality weakened, with non-accrual investments rising to nine portfolio companies with $52.4 million of cost, or 2.66% of total investments.
Liquidity remained supported by $278.5 million available under the revolving credit facility, with an asset coverage ratio of 177.64%.
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