Churchill Asset Management, an investment specialist of Nuveen, appointed Michael Foley as senior managing director, head of institutional. Foley will be responsible for leading Churchill’s institutional fundraising strategy, strengthening existing and building new client relationships globally. He will report to president and CEO Ken Kencel and sit on the firm’s operating committee.
Foley will also assume the role of co-head of institutional business development for Nuveen Private Capital (NPC) jointly with David Burnside, head of business development at Arcmont Asset Management. Under their leadership, Churchill and Arcmont teams will work in close partnership with Nuveen’s global client group to grow and expand access to NPC’s $87 billion private capital platform.
“We believe middle market private capital remains a strong risk-adjusted return opportunity for investors seeking yield, downside protection and resilience across cycles,” Kencel said. “Michael’s deep institutional relationships and track record of scaling global distribution platforms will be instrumental as we continue to service our client base and maximize cross-selling opportunities across the broader Churchill, Nuveen and NPC platforms. We are thrilled to welcome Michael to our team.”
Based in Churchill’s New York City headquarters, Foley brings over 20 years of experience in asset management, joining from Franklin Templeton, where he led the firm’s U.S. institutional direct sales, consultant relations and relationship management teams. Prior to that, he led Guggenheim’s institutional client group for the Americas and Europe and held distribution leadership roles at BlackRock and AllianceBernstein.
“I look forward to working with Churchill’s exceptional team to deliver the best outcomes for the firm and NPC’s global investor base,” Foley said. “The combined strength of our global distribution network and sophisticated middle market private capital platform positions us to deliver tailored solutions and meaningful outcomes for investors around the world.”
