Case study
Case study: How Churchill strengthens sustainability insights in private credit with Upright
Churchill Asset Management, a New York-based private credit manager with $52 billion in committed capital, chose Upright to close the ESG data gap across its middle-market borrowers. With Upright, Churchill now reports on Principal Adverse Impacts (PAIs), SDG alignment, and SFDR-relevant indicators at portfolio scale.
Pauliina Bogdanoff
VP, Marketing & Communications, Upright
Published Oct 2, 2025·Updated Apr 30, 2026
Starting point: Why Churchill needed scalable ESG data for private credit
Churchill focuses on private debt in the middle market — an asset class where sustainability data has historically been hard to source, since most borrowers are private companies without standardized disclosure obligations.
As European investor demand for SFDR Article 8-aligned products grew, Churchill needed consistent ESG data across hundreds of borrowers, not just the largest ones.
Mickey Weatherston, Head of Responsible Investing, Churchill Asset Management, shared:
“We wanted to provide comprehensive data on Principal Adverse Impacts (PAIs) and SDG alignment and also misalignment to our European investors.”
Solution: Using Upright for SFDR, PAI and SDG data in private credit
After reviewing providers, Churchill selected Upright for its breadth of sustainability indicators relevant to private credit.
We are strong supporters of Upright as they offer a wide range of sustainability data points we need for private credit investments
Churchill now uses Upright’s insights in sustainability monitoring and reporting. Reports to investors include Upright’s SDG alignment and misalignment, as well as proprietary net impact data, alongside Churchill's climate analysis.
Results: Consistent sustainability data across private credit, without a dedicated impact mandate
Upright helps Churchill provide consistent sustainability data across its private credit investments. Mickey Weatherston shared:
“There has been a gap for sustainability data for private credit, and providers like Upright play an important part in filling that. For Churchill, Upright’s data supports investor engagement by helping us respond to requests for impact-related insights without requiring a dedicated impact mandate.”
Your fund next?
Looking to efficiently close ESG data gaps for your fund? Learn about Upright's private markets data offering here, or book a demo below:
Pauliina Bogdanoff
VP, Marketing & Communications, Upright
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