IPO - Nuveen Churchill Private Capital Income Fund

Form Type: N-2

Filing Date: 2025-02-04

Corporate Action: Ipo

Type: New

Accession Number: 000162828025003535

Filing Summary: Nuveen Churchill Private Capital Income Fund registers $500,000,000 in additional common shares of beneficial interest through a continuous public offering. The company, which operates as a business development company, seeks to provide attractive risk-adjusted returns primarily through current income and long-term capital appreciation by investing in private debt and equity in U.S. middle market companies. The offering will include Class S, Class D, and Class I Shares, each with varying sales loads and fees. Notably, this fund implements a share repurchase program that began in September 2023, allowing up to 5% of common shares outstanding to be repurchased quarterly. The prospectus outlines significant investment risks, including limited operating history, potential liquidity constraints, and reliance on leverage. It emphasizes that an investment in the fund’s common shares is suitable only for long-term investors who can afford a complete loss.

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