Churchill Financial announced that Olympus Partners, a Stamford, CT-based private equity firm, has bought the asset management firm.

As part of the acquisition, Olympus has agreed to refinance existing indebtedness and invest added capital to support the growth of Churchill’s core middle market lending business.

“The opportunity to provide senior debt financing to solid middle market companies backed by top-tier private equity firms has never been more attractive than it is today” said Ken Kencel, president and CEO of Churchill Financial. “With banks and larger commercial finance companies constrained in their lending activities to growing middle market companies, we see an opportunity to aggressively build our business by providing funding to this underserved segment of the U.S. market.”

Churchill Financial Group is headquartered in New York and has two complementary businesses: Churchill Financial, which focuses on providing senior and one-stop financing to middle market firms, and Churchill Pacific, which manages portfolios of broadly syndicated senior loans and other fixed income funds.

Churchill has more than $3.25 billion in assets under management and about $1.25 billion of committed capital to support its senior lending activities.

Churchill has offices in New York, Chicago, Minneapolis and Los Angeles.

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