Churchill Capital-backed Nuveen completed the acquisition of Arcmont Asset Management.

Churchill Capital-backed Nuveen, an investment manager, completed the acquisition of Arcmont Asset Management, a private debt investment manager. Financial terms are not disclosed. "Arcmont and Churchill will work together in partnership, giving both firms geographic scale and the ability to offer a broader range of products and financing options to corporate borrowers. This expansion of our private market capabilities better positions us to help our clients meet their portfolio objectives as they seek differentiated investment allocations," William Huffman, Nuveen Head of Equity & Fixed Income and Chairman.