Churchill Dlc Advisor LLC

Registered investment adviser · New York, NY · CRD #304945

Form ADV data as of 2026-09-01

Regulatory assets

$2.05 billion

Total accounts

Employees

206

Disclosure events

Firm details

Website: https://www.churchillam.com/
Telephone: 212-478-9200
SEC file number: 801-117277
Most recent Form ADV filing: 2026-03-31
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 2 disclosure questions answered Yes, covering 2 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

Another regulator found a violation of investment-related regulations or statutes
Another regulator entered an order in connection with investment-related activity (past 10 years)

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$2.05 billion
Non-discretionary regulatory assets under management	$0
Total regulatory assets under management	$2.05 billion
Discretionary accounts	1
Non-discretionary accounts	0
Total accounts	1
Regulatory assets under management attributable to non-U.S. persons	$0

People

Total employees (excluding clerical)	206
Employees performing investment advisory functions (including research)	79
Employees who are registered representatives of a broker-dealer	15
Employees registered as investment adviser representatives with a state	0
Employees registered as IARs for another investment adviser	3
Employees who are licensed insurance agents	0
Firms or persons who solicit advisory clients on the firm's behalf	1

Custody

Has custody of client cash or bank accounts	No
Has custody of client securities	No
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	No
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No

How the firm is compensated

A percentage of assets under managementPerformance-based fees

Advisory services offered

Portfolio management for investment companies

Other business activities

Commodity pool operator or commodity trading advisor

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Registered municipal advisorCommodity pool operator or commodity trading advisorBanking or thrift institutionInsurance company or agencyPension consultantReal estate broker or dealerSponsor or syndicator of limited partnershipsSponsor, general partner, or managing member of pooled investment vehicles

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys or sells for itself securities it also recommends to clients
Recommends securities in which it has another proprietary interest
Receives soft dollar benefits

Client types

Type of client	Clients	Assets
Business development companies	1	$2.05 billion