Churchill Asset Management has appointed Brynjar Agnarsson as managing director and senior investment strategist, responsible for developing US private credit solutions for investors across Europe, the Middle East and Africa (EMEA).
In his new role, Agnarsson will support Nuveen Private Capital (NPC), Churchill’s parent company, as well as Nuveen’s global business development team and global client group, to ensure EMEA investors have access to the manager’s US senior lending and junior capital strategies.
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“European investors value managers with geographic diversification, proven track records, and differentiated private equity relationships, areas where Churchill has established clear market leadership,” said Agnarsson. “I look forward to expanding these partnerships and building new ones across the region.”
Prior to joining Churchill, Agnarsson was a managing director at placement agent PJT Park Hill. Before that, he spent eight years at investment firm The Carlyle Group, where he was responsible for private credit fundraising across EMEA.
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“There is a growing appetite among European institutions for US middle-market private credit solutions, given their potential for attractive risk-adjusted returns, resilience through market cycles, and portfolio diversification,” said Michael Foley, head of institutional at Churchill. “Brynjar’s extensive experience in private credit and strong relationships across Europe will build upon NPC’s already significant investor base in the region and further enhance our ability to deliver tailored solutions that meet clients’ needs.”
NPC is $86bn (£65.5bn) private capital platform, with its investment-specialist affiliate and one of its alternative credit platforms, Churchill, deploying $56bn of committed capital.
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