DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Churchill Investment Management LLC

Asset manager (funds and pooled vehicles)Charlotte, North CarolinaCRD 305060SEC 801-121168websiteIAPD
Latest filing Aug 21, 2026
First filing on the tape Nov 1, 2019 · 18 filings
SEC status approved since May 7, 2021
RAUM
$12B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
101
16 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$12B as of Aug 21, 2026
Mar 27, 2020$385M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Aug 21, 2026
Mar 27, 20200 then
Employees (5.A)101 as of Aug 21, 2026
Mar 27, 202020 then
Private funds2 as of Mar 31, 2023
Mar 27, 20201 then
RAUM +21% over the last fiscal year+253% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Aug 21, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$1.5BderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived3 offices incl. principal (1.F.5)
RAUM growth, one year
+21%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
yesreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$12B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
8reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$0 for 0 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      3 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Churchill Income Opportunity Fund (Offshore), LPHedge Fund$38.5M2Mar 31, 2023
      Churchill Income Opportunity Fund, LPHedge Fund$2.0M1Nov 1, 2019
      Churchill Special Situations Fund, LPno longer reportedReal Estate Fund$01Mar 31, 2021
      Owners and control persons
      Schedule A and B, latest filing
      • Michael Anthony Cardiero · Chief Financial Officercontrol
        since 01/2024 · owns less than 5%
      • Wyatt Justin Ehrlich · Managing Partnercontrol
        since 05/2019 · owns less than 5%
      • Albert Joseph Grogan · Chief Compliance Officercontrol
        since 06/2024 · owns less than 5%
      • Matthew Derrick Land · Managing Partnercontrol
        since 05/2019 · owns less than 5%
      • Nmn Sorabh Maheshwari · Managing Partnercontrol
        since 05/2019 · owns less than 5%
      • Travis Stephen Masters · Managing Partnercontrol
        since 05/2019 · owns less than 5%
      • Jacob Brian Shatz · Ownercontrol
        since 02/2023 · owns 25% to 50% of Mrc-Ch Investor LLC
      • Benjamin Joshua Zegen · Ownercontrol
        since 02/2023 · owns 25% to 50% of Mrc-Ch Investor LLC
      Entity owners
      • Churchill Investment Advisors LLC · Direct Owner
        direct · owns 75% or more
      • Churchill Finance LLC · Owner
        indirect · owns 75% or more of Churchill Investment Advisors LLC
      • Mrc-Ch Acquisition LLC · Owner
        indirect · owns 50% to 75% of Churchill Finance LLC
      • Mrc-Ch Holdings LLC · Owner
        indirect · owns 75% or more of Mrc-Ch Acquisition LLC
      • Mrc-Ch Investor LLC · Owner
        indirect · owns 75% or more of Mrc-Ch Holdings LLC
      Related persons
      Schedule D 7.A
      • Churchill Income Opportunity Fund Gp, LLC
        pooled vehicle sponsorn
      • Churchill Originations LLC
        n
      • Churchill Principal Investments LLC
        pooled vehicle sponsorn
      • Madison Realty Capital Debt Fund III Gp LLC
        pooled vehicle sponsorn
      • Madison Realty Capital Debt Fund IV Gp LLC
        pooled vehicle sponsorn
      • Madison Realty Capital Debt Fund V Gp (Cayman) LLC
        pooled vehicle sponsorn
      • Madison Realty Capital Debt Fund V Gp LLC
        pooled vehicle sponsorn
      • Madison Realty Capital Debt Fund Vi Gp LLC
        pooled vehicle sponsorn
      • Madison Realty Capital Debt Ma I Gp LLC
        pooled vehicle sponsorn
      • Madison Realty Capital Debt Ma II Gp LLC
        pooled vehicle sponsorn
      • Madison Realty Capital Debt Ma III Gp LLC
        pooled vehicle sponsorn
      • Madison Realty Capital Debt Ma IV Gp LLC
        pooled vehicle sponsorn
      • Madison Realty Capital Equity Fund I Gp LLC
        pooled vehicle sponsorn
      • Mdfiv Co-Invest 4 Pack Gp LLC
        pooled vehicle sponsorn
      • Mrc Equity Holdings LLC
        n
      • Mrc Fund Manager LLC
        investment advisern
      • Silverstone Development Group, LLC
        n
      • Spg Equity Investors LLC
        n
      • Sullivan Debt Fund Gp, LLC
        pooled vehicle sponsorn
      • Madison Realty Capital
        investment advisernRAUM $5.6B
      • Vertical Real Estate LLC
        investment companyn
      Advisers that list Churchill Investment Management LLC as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • New York, NY6 employees
      • Tokyo, Japan4 employees
      What changed
      consecutive filings, newest first
      • Business name · CHURCHILL INVESTMENT MANAGEMENT, LLC to CHURCHILL INVESTMENT MANAGEMENT LLC
        Mar 30, 2026 to Aug 21, 2026
      • Other offices · 3 to 2
        Mar 30, 2026 to Aug 21, 2026
      • Accounts · 7 to 8
        Feb 23, 2026 to Mar 30, 2026
      • Advisory employees · 55 to 16
        Feb 23, 2026 to Mar 30, 2026
      • Pooled vehicle clients · 6 to 7
        Feb 23, 2026 to Mar 30, 2026
      • Employees · 87 to 101
        Feb 23, 2026 to Mar 30, 2026
      • Other offices · 2 to 3
        Feb 23, 2026 to Mar 30, 2026
      • Discretionary RAUM · $10.0B to $12B
        Feb 23, 2026 to Mar 30, 2026
      • Non-discretionary RAUM · $9.6M to $5.8M
        Feb 23, 2026 to Mar 30, 2026
      • Pooled vehicle RAUM · $10.0B to $12B
        Feb 23, 2026 to Mar 30, 2026
      • RAUM · $10B to $12B
        Feb 23, 2026 to Mar 30, 2026
      • Accounts · 4 to 7
        Jun 13, 2024 to Apr 4, 2025
      • Advisory employees · 69 to 55
        Jun 13, 2024 to Apr 4, 2025
      • Pooled vehicle clients · 3 to 6
        Jun 13, 2024 to Apr 4, 2025
      • Employees · 85 to 87
        Jun 13, 2024 to Apr 4, 2025
      • Financial planning clients · unset to
        Jun 13, 2024 to Apr 4, 2025
      • Discretionary RAUM · $171M to $10.0B
        Jun 13, 2024 to Apr 4, 2025
      • Non-discretionary RAUM · $15.9M to $9.6M
        Jun 13, 2024 to Apr 4, 2025
      • Pooled vehicle RAUM · $171M to $10.0B
        Jun 13, 2024 to Apr 4, 2025
      • RAUM · $187M to $10B
        Jun 13, 2024 to Apr 4, 2025
      • Advisory employees · 48 to 69
        Sep 19, 2023 to Mar 27, 2024
      • Employees · 62 to 85
        Sep 19, 2023 to Mar 27, 2024
      • Private funds · 2 to unset
        Sep 19, 2023 to Mar 27, 2024
      • Discretionary RAUM · $275M to $171M
        Sep 19, 2023 to Mar 27, 2024
      • Non-discretionary RAUM · $0 to $15.9M
        Sep 19, 2023 to Mar 27, 2024
      • Pooled vehicle RAUM · $241M to $171M
        Sep 19, 2023 to Mar 27, 2024
      • RAUM · $275M to $187M
        Sep 19, 2023 to Mar 27, 2024
      • Accounts · 6 to 4
        Nov 3, 2022 to Mar 31, 2023
      • Advisory employees · 6 to 48
        Nov 3, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 4 to 3
        Nov 3, 2022 to Mar 31, 2023
      • Assets in custody · $2.3B to $0
        Nov 3, 2022 to Mar 31, 2023
      • Employees · 50 to 62
        Nov 3, 2022 to Mar 31, 2023
      • Other offices · 1 to 2
        Nov 3, 2022 to Mar 31, 2023
      • Discretionary RAUM · $2.3B to $275M
        Nov 3, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $90.5M to $241M
        Nov 3, 2022 to Mar 31, 2023
      • RAUM · $2.3B to $275M
        Nov 3, 2022 to Mar 31, 2023
      • Related adviser · false to true
        Nov 3, 2022 to Mar 31, 2023
      • Accounts · 5 to 6
        Jun 23, 2021 to Mar 31, 2022
      • Advisory activities · 1 to 2
        Jun 23, 2021 to Mar 31, 2022
      • Assets in custody · $394M to $2.3B
        Jun 23, 2021 to Mar 31, 2022
      Signals
      13 dated events
      • Churchill Investment Management Llc reported RAUM $10.0B, up 5249% from $187.1M (2024-06-13 to 2025-04-04)
        Apr 4, 2025 · RAUM change · derived
      • David Michael Shaffer (Chief Compliance Officer And Associate General Counsel) no longer on Schedule A of Churchill Investment Management Llc (listed 2024-03-27, absent 2024-06-13)
        Jun 13, 2024 · Control person left · inference
      • Albert Joseph Grogan (Chief Compliance Officer) appeared on Schedule A of Churchill Investment Management Llc
        Jun 13, 2024 · Control person joined · fact
      • Michael Anthony Cardiero (Chief Financial Officer) appeared on Schedule A of Churchill Investment Management Llc
        Mar 27, 2024 · Control person joined · fact
      • David Michael Shaffer (Chief Compliance Officer And Associate General Counsel) appeared on Schedule A of Churchill Investment Management Llc
        Sep 19, 2023 · Control person joined · fact
      • Konstantine Robert Dakis (General Counsel And Chief Compliance Officer) no longer on Schedule A of Churchill Investment Management Llc (listed 2023-04-26, absent 2023-09-19)
        Sep 19, 2023 · Control person left · inference
      • Churchill Investment Management Llc reported RAUM $275.0M, down 88% from $2.3B (2022-11-03 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • Jacob Brian Shatz (Owner) appeared on Schedule A of Churchill Investment Management Llc
        Mar 31, 2023 · Control person joined · fact
      • Benjamin Joshua Zegen (Owner) appeared on Schedule A of Churchill Investment Management Llc
        Mar 31, 2023 · Control person joined · fact
      • Churchill Investment Management Llc reported RAUM $2.3B, up 486% from $394.2M (2021-06-23 to 2022-03-31)
        Mar 31, 2022 · RAUM change · derived
      • Konstantine Robert Dakis (Chief Compliance Officer) appeared on Schedule A of Churchill Investment Management Llc
        Apr 8, 2021 · Control person joined · fact
      • Melanie Ragan Schneider (Chief Compliance Officer) no longer on Schedule A of Churchill Investment Management Llc (listed 2019-11-01, absent 2019-12-20)
        Dec 20, 2019 · Control person left · inference
      • Churchill Investment Management, Llc filed its initial SEC registration (Form ADV)
        Nov 1, 2019 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/churchill-rereportedpublic record, Form ADV, Sep 18, 2026
      Website
      churchillre.comreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      646-517-5353reportedpublic record, Form ADV, Aug 21, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026
      Across the graphs

      Churchill Investment Management LLC is the same institution as 1 record in Real Estate Funds.

      Real Estate Funds1

      Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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