NEW YORK — Churchill Asset Management and Arcmont Asset Management, the U.S. and European operating companies of Nuveen Private Capital, today announced the appointment of Jamal Hammoud as Managing Director and Senior Investment Strategist. Mr. Hammoud will be responsible for supporting and amplifying Churchill’s and Arcmont’s (collectively, Nuveen Private Capital’s) presence and fundraising efforts in the Middle East.
Nuveen Private Capital formed in March 2023 when Nuveen acquired London-based Arcmont, which in combination with Churchill, has created a $74 billion private capital platform and one of the world’s largest private credit managers.
Mr. Hammoud will be employed by Churchill, based in its New York City office, and will spend a significant amount of time on the ground in the Middle East. He will partner with distribution colleagues from Nuveen, Churchill and Arcmont to tap into the growing demand from Middle Eastern institutions for private capital solutions and will report to Churchill’s Head of Investor Relations, Christopher Freeze.
“Private capital is emerging as a core part of institutional investors’ strategic asset allocations globally both for the potential yield it provides and risk-adjusted returns,” said Mr. Freeze. “Middle Eastern investors are seeing the value and the region is becoming an increasingly important market. We are thrilled to have Jamal join the team, as his investment expertise, client-first mentality and knowledge of local market dynamics will be very valuable as we grow our presence.”
Mr. Hammoud brings over two decades of experience to the role. He joins from Credit Value Partners, where he oversaw business development and investor relations, identifying investors in the Middle East and other regions, interested in opportunistic credit strategies. Before that, he held roles at Milestones Capital, Wall Street Global and Merrill Lynch.
Hammoud added, “Churchill’s and Arcmont’s scaled platforms, with time-tested track records and differentiated deal sourcing, provide a variety of unique investment opportunities across the capital structure to institutions looking to access the U.S. and European middle markets. I look forward to strengthening our partnerships with Middle Eastern institutions and working together to help them achieve their investment objectives.”
Hammoud’s appointment represents another senior addition to Nuveen Private Capital’s growing team of over 265 professionals.
Having invested $50 billion in U.S. private capital investments over its 17-year history, Churchill’s position as a partner of choice is reflected in the firm’s continued fundraising momentum. Churchill currently has $47 billion of committed capital across an array of investment strategies, including senior lending, junior capital and equity co-investments, as well as private equity fund investments and secondaries. The firm is also one of the most active lenders in the country to private equity-backed middle market companies, most recently ranking as the #1 U.S. direct lender in KBRA Direct Lending Deals’ Q3 2023 league tables.
Arcmont is a market-leading private debt asset management firm, providing flexible capital to a wide range of European businesses. Established in 2011, Arcmont has raised nearly $27 billion1 in assets to date and aims to deliver bespoke, flexible and innovative financing solutions, including senior lending, direct lending and capital solutions. Most recently, Arcmont was named “Best Overall Performance Over $1 Billion: Debt – Loans/Credit” at the 2023 European Credit Awards, hosted by Hedgeweek and Private Equity Wire2.