BlackRock Technology and Private Equity Term (BTX) vs Nuveen Churchill Direct Lending (NCDL)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
BlackRock Technology and Private Equity Term (BTX) has outperformed Nuveen Churchill Direct Lending (NCDL) over the past year, gaining 37.2% versus a loss of 21.6%. BlackRock Technology and Private Equity Term is the larger company by market cap ($1.08 billion vs $537.8 million), about 2.0 times the size. On valuation, BlackRock Technology and Private Equity Term trades at a lower trailing P/E (2.6x vs 11.5x for Nuveen Churchill Direct Lending).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BTX | NCDL |
|---|---|---|
| Share price | $9.25 | $10.89 |
| Market cap | $1.08B | $537.83M |
| 1-day change | -1.60% | +1.87% |
| YTD return | +42.64% | -19.87% |
| 1-year return | +37.23% | -21.57% |
| 5-year return | -47.19% | — |
| P/E ratio (TTM) | 2.63 | 11.46 |
| Forward P/E | — | 7.09 |
| EPS (TTM) | $3.52 | $0.95 |
| Dividend yield | 6.70% | 14.22% |
| Annual dividend | $0.00 | $0.00 |
| 52-week high | $9.49 | $15.07 |
| 52-week low | $6.13 | $10.54 |
| Distance from 52-week high | -2.53% | -27.74% |
| Analyst consensus | — | none |
| Avg. price target upside | — | +25.80% |
| Average volume | 507.58K | 197.03K |
| Shares outstanding | 116.71M | 49.39M |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- BlackRock Technology and Private Equity Term is about 2.0 times larger than Nuveen Churchill Direct Lending by market value ($1.08B vs $537.83M).
- BTX has outperformed NCDL by 58.8 percentage points over the past year.
- Nuveen Churchill Direct Lending trades at a higher earnings multiple (11.5x vs 2.6x trailing P/E).
- Nuveen Churchill Direct Lending offers a meaningfully higher dividend yield (14.22% vs 6.70%).
About BlackRock Technology and Private Equity Term
BTX stock →BlackRock Technology and Private Equity Term Trust is a mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC.
Financial Services · Asset Management
About Nuveen Churchill Direct Lending
NCDL stock →Nuveen Churchill Direct Lending Corp. (the Company) is business development company and was formed on March 13, 2018, as a limited liability company under the laws of the State of Delaware and was converted into a Maryland corporation on June 18, 2019 prior to the commencement of operations.
Financial Services · Asset Management
BTX vs NCDL FAQ
Which is bigger, BlackRock Technology and Private Equity Term or Nuveen Churchill Direct Lending?
BlackRock Technology and Private Equity Term (BTX) is larger, with a market capitalization of $1.08B compared with $537.83M for Nuveen Churchill Direct Lending (NCDL).
Which stock has performed better over the past year, BTX or NCDL?
BTX returned +37.23% over the past 12 months, compared with -21.57% for NCDL (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, BTX or NCDL?
BTX has the lower trailing P/E at 2.6, versus 11.5 for NCDL. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, BlackRock Technology and Private Equity Term or Nuveen Churchill Direct Lending?
Nuveen Churchill Direct Lending has the higher yield at 14.22%, compared with 6.70% for BlackRock Technology and Private Equity Term.
Are BlackRock Technology and Private Equity Term and Nuveen Churchill Direct Lending in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.