PC · PRIVATE CREDIT

Nuveen Churchill Private Capital Income Fund

Nuveen · BDC

Program Overview

BDC

Peer Group Filters

Objectives: IncomeCapital Appreciation
Asset Class: Private Credit
Vehicle: BDC
Single / Multi Asset: Multi-Asset

Sponsor/Manager

Nuveen

Asset Class

Private Credit

Issuer

Nuveen Churchill Private Capital Income Fund

Issuer Legal Structure

Delaware Statutory Trust

Program Life Structure

Evergreen

Securities Offered

Equity - Class I Shares Equity - Class S Shares Equity - Class D Shares

Target Leverage

Minimum 150% asset coverage 150% coverage. $1.8B drawn of $2.26B committed (6/30/2026): SPV facilities, two CLOs, one fund-level revolver. Coverage 181.71%, from 274.50% after BDC V.

Strategy Risk/Return Profile

Managing Broker-Dealer

Nuveen Securities, LLC

Maximum Offering

$3,000,000,000

Raised To Date

$1,700,000,000

Minimum Investment

$2,500

Class S Shares · waivable

Strategy Overview

Externally managed, non-diversified, perpetual-life BDC seeking attractive risk-adjusted returns, primarily current income and secondarily long-term capital appreciation. Targets 75-90% senior loans, 5-25% junior capital, up to 10% equity co-investments and 5-10% liquid investments, to PE-backed U.S. core middle-market companies ($10M-$100M EBITDA). At 8/31/2026: $3.3B fair value, 371 companies, 92.59% first lien, 95.95% floating, 8.97% yield; about $1.5B NAV and $1.8B debt (about 1.22x NAV).

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