Win Churchill

Pennsylvania & New College 1962

Win Churchill was born in Philadelphia in 1940 and studied at Fordham University before going on to Oxford to read for a second undergraduate degree in PPE (philosophy, politics and economics). Returning to the US, he took his J.D. from Yale Law School and took up legal practice at Saul Ewing LLP, where he served as Chairman of its Banking and Financial Institutions Department. Churchill then moved into private investment, becoming managing director of a private investment firm before setting up Churchill Investment Partners and CIP Capital, L.P. He has been managing general partner of SCP since its foundation in 1996. Alongside his private investment work, he holds numerous board roles and directorships across the life sciences and in educational philanthropy. Churchill is a trustee and co-founder of the American Friends of New College, Oxford and of Fordham University and he continues to be a generous supporter of the Rhodes Scholarships. This narrative is excerpted from an interview with the Rhodes Trust on 26 February 2026.  

‘It was a wonderful childhood’ 

I was born in a neighbourhood in the Northwest corner of Philadelphia in a middle- to working-class neighbourhood. My mother was Irish Catholic and my father was Welsh, and my father was named Winston Churchill because he was born on the real Churchill’s birthday. So, when I was born in 1940, it seemed the natural thing to my parents to name me Winston as well. Having this name is a mixed blessing, but at least everybody remembers it! 

I went to the Catholic grade school in West Oak Lane. My father was what they called an insurance man. We didn’t have a lot of money, so my siblings and I knew that we would have to make it on our own and we also grew up with the sense that we should do something meaningful. It was a wonderful childhood, filled with hard work in terms of paper routes and homework, but also with summers playing baseball in the vacant lots and so forth.  

My mother’s uncle had been what’s called the Jesuit Provisional, which in the Jesuits is the equivalent of a cardinal, so my mother insisted that my brother and I both went to the Jesuit high school in Philadelphia. It was a difficult commute, but it was very academically rigorous and very much a gateway to the Ivy League and the better Catholic colleges. In my senior year, I was applying to the Ivy League and also to the Catholic colleges. I went to my mother to my mother and said, ‘Hey, I got a letter and I got a scholarship to Princeton,’ and she said, ‘That’s nice, but you’re going to go to Fordham.’ And I did this several times – ‘Hey, Mum, I got a scholarship to Harvard.’ ‘That’s nice, but you’re going to go to Fordham’ – until, one day, I finally got the letter from Fordham. I said, ‘Hey, Mum, I got the letter from Fordham,’ and she said, ‘You made a wise choice, my son.’   

On applying for the Rhodes Scholarship 

When I left for Fordham, my dad told me that I should call him when I got to my dorm. So, I’m on the payphone to him, and I’ve got the course catalogue – and this is 1958 – and he says, ‘I’m just reading about this Sputnik thing and there’s going to be a space race. You’d better take electrical engineering.’ I said, ‘They don’t have engineering.’ He said, ‘What else do they have?’ I said, ‘Well, biology, chemistry and physics,’ and he said, ‘You’ll major in physics. That’s close enough.’ So, that’s what I did, and I never regretted it.  

I was admitted to the Honours Program, even though that was quite rare for scientists. The Jesuit mantra in education is to become men and women for others, and that connects, I think, with the Rhodes mantra about fighting the world’s fight. Fr Timothy, who ran the Honours House, was the best type of Jesuit, a Renaissance man, and he became a very strong positive influence on me, a second father in many ways. I went on to study in Paris for my junior year abroad. When I came back, Fr Timothy said, ‘Well, you’ve done pretty well, so now you’re going to apply for the Rhodes Scholarship.’ He had to explain to me what it was and, with his guidance, I applied.  

‘A 24/7 learning experience’ 

The magic of the Oxford system is the tutorials, because they are completely tailored. You are brought along by your tutor as quickly as possible what you might call your specific speed. And there is no place to hide. Your gaps become readily apparent, which is a good thing. You also get to write weekly essays, which sort of forces you to express your thoughts and become a decent writer.  

I lived in New College, which was wonderful, because you have all of your meals together, and your tutors and professors live there too. It makes it a 24/7 learning experience, both in terms of the academics and the people you want to be associated with. A few days after I arrived, I started getting all these engraved invitations to white tie embassy balls, via the college mail system. After about two weeks, I got a note from Winston Churchill at Christ Church: same name, but the grandson of the ‘real’ Winston Churchill, and he said, ‘I think we’d better meet.’ We exchanged our invitations, and he got the white tie balls and I got the American Rugby Football Club. 

‘For every hit, you have five or so bombs’ 

At Oxford, I had focused on economics. I had also started thinking about law school. I wanted to understand the economic markets, so pretty early on, corporate and securities law was my focus. When it came to starting my career in law, I chose to go back to Philadelphia, and I worked at Saul Ewing, one of the city’s largest law firms, known particularly for its work in business and banking. I ended up as head of the banking and securities department there, and one of my clients was a company called Bessemer Securities. They had a private equity practice before private equity had been dubbed private equity and after a few years, they approached me and said they wanted me to work for them full time, continuing to do their leverage buyouts. So, that’s what I did, and I have been on leave from Saul Ewing ever since.  

We had a terrific run at Bessemer, and then my partner there retired and I took my ill-gotten gains and started SCP – which stood for Safeguard Churchill Partners – with an old friend of mine, Pete Musser. I had lots of Jewish friends in New York and in Philadelphia who had connections with Israel told me I should go and look at things there. I did and I came back and said to Pete, ‘We should treat Israel as our Silicon Valley.’ We didn’t go near defence, but we did work with biology, life sciences, pharma and medicine. We invested in Waze which went on to sell a number of its patents to Google, and we also invested in and went public with the first exoskeleton for paraplegics. Venture capital is kind of like the music business: for every hit, you have five or so bombs. It represents a lot of responsibility, because the people in these young companies have their dreams invested in what they’re doing.  

My connection with Israel also meant that I was part of the conversation with the Rhodes Trust about setting up the Scholarship constituency there, and I still help with the selection process every year. It’s been such a privilege and it’s so rewarding. Some of the projects I’m proudest of being involved in have been with the Young Scholars Charter School and the Gesu School. The Gesu School was founded by the Jesuits in Philadelphia. When they invited me to visit, I said that we should work together to privatise the school and raise money so that we could build an endowment and subsidise tuition. It’s been going for 31 years now and I’m very proud of our graduates. The Young Scholars Charter School was something I helped set up with a friend of mine from Yale Law School, and now it’s one of the best Charter grade schools in Pennsylvania. The mission is getting back to the American dream, where this kind of education and rigour should be available to everybody, free. I’ve also stayed involved with Fordham and with Georgetown. The importance of these places is in developing Renaissance people, people who not narrow or bigoted or prejudiced or self-serving. 

“Never, never, never give up” 

The Rhodes Scholarship is about developing a community of people around the world who understand that one of the main purposes of the world’s fight is to make things better for everybody else. You can criticise things about the Scholarship, but it has been one of the most incredible visions that anybody has ever had. I think history comes in cycles, and we are now facing some really serious negative forces. I have a coaster that Ellen, my wife, puts under my coffee every morning with a quotation from the ‘real’ Churchill, and it reads “Never, never, never give up.” The world’s fight is a long-term deal, and the Rhodes community can be proud of what it’s doing.  

Transcript