I need to note that the filing content appears to be cut off, but there is sufficient substantive content to proceed with the article based on what is provided.

Nuveen Churchill Direct Lending Corp. (NYSE:NCDL) filed its quarterly report on Form 10-Q for the period ended September 30, 2026, disclosing consolidated financial statements and portfolio data as of that date.

Key Highlights

  • Total investments at fair value: $1,862,013 thousand as of September 30, 2026, compared to $1,962,449 thousand as of December 31, 2025, according to the filing.
  • Total assets: $1,921,354 thousand as of September 30, 2026, down from $2,054,469 thousand at December 31, 2025, the filing disclosed.
  • Total liabilities: $1,075,166 thousand as of September 30, 2026, compared to $1,179,289 thousand at December 31, 2025, per the filing.
  • Outstanding debt: $1,027,584 thousand, net of $7,500 thousand in deferred financing and issuance costs and unamortized discount of $271 thousand, the registrant reported.
  • Shares outstanding: As of November 2, 2026, the registrant had 49,108,771 shares of common stock, $0.01 par value, outstanding.
  • Distributions payable: $18,768 thousand as of September 30, 2026, the filing stated, compared to $22,224 thousand at December 31, 2025.

NCDL Balance Sheet Position as of September 30, 2026

According to the Form 10-Q filed by Nuveen Churchill Direct Lending Corp. (NYSE:NCDL), total investments at fair value stood at $1,862,013 thousand as of September 30, 2026, against a total cost basis of $1,914,134 thousand. This compares to total investments at fair value of $1,962,449 thousand as of December 31, 2025, which had a cost of $2,001,207 thousand. The portfolio comprised non-controlled/non-affiliate investments valued at $1,821,254 thousand (cost of $1,873,446 thousand) and controlled/affiliate investments valued at $40,759 thousand (cost of $40,688 thousand), the filing disclosed. There were no controlled/affiliate investments on the balance sheet as of December 31, 2025.

The registrant reported total assets of $1,921,354 thousand as of September 30, 2026, which included cash of $3,576 thousand, cash equivalents of $35,537 thousand, interest receivable of $11,385 thousand, and collateral due from broker of $6,870 thousand. Derivative assets, which had a fair value of $14,965 thousand at December 31, 2025, were reported at zero as of September 30, 2026. Total liabilities were $1,075,166 thousand, including outstanding debt of $1,027,584 thousand and interest payable of $7,030 thousand, compared to interest payable of $15,350 thousand at year-end 2025.

The filing noted incentive fees payable of $2,812 thousand and management fees payable of $4,821 thousand as of September 30, 2026. A derivative liability at fair value of $7,083 thousand appeared on the September 30, 2026 balance sheet, where none had existed at December 31, 2025. The company is classified as a large accelerated filer and operates as a business development company and regulated investment company, as stated in the filing. The report contains forward-looking statements which, according to the filing, "are not guarantees of future performance and are subject to risks, uncertainties and other factors."

What Was Disclosed

Nuveen Churchill Direct Lending Corp. filed its Form 10-Q for the quarter ended September 30, 2026, disclosing consolidated balance sheet data showing total assets of $1,921,354 thousand, total liabilities of $1,075,166 thousand, and 49,108,771 shares outstanding as of November 2, 2026.