Nuveen Churchill Private Capital Income Fund 8-K

What Happened
Nuveen Churchill Private Capital Income Fund filed an 8-K (Item 8.01) on Jan 30, 2026 disclosing its net asset value (NAV) as of December 31, 2025, a portfolio update and that its board declared regular distributions on Jan 29, 2026. The Fund reported per-share NAVs of $24.32 (Class I), $24.25 (Class S) and $24.32 (Class D). As of Dec. 31, 2025 the Fund’s aggregate NAV was approximately $1.4 billion, the portfolio fair value was $2.2 billion, and secured borrowings totaled $795.5 million.

Key Details

• NAV per share (Dec 31, 2025): Class I $24.32; Class S $24.25; Class D $24.32.
• Assets & leverage: Aggregate NAV ≈ $1.4B; portfolio fair value $2.2B; secured borrowings $795.5M.
• Distributions declared (Jan 29, 2026): Gross regular distribution $0.170 per share for all classes; net payments: Class I $0.170, Class S $0.153 (after $0.017 servicing fee), Class D $0.165 (after $0.005 servicing fee). Record date Jan 31, 2026; pay date on or about Feb 27, 2026.
• Portfolio mix & yield: 319 portfolio companies; 92.86% first-lien debt; weighted average yield on debt/income-producing investments 8.84%; 95.73% of debt (fair value) is floating-rate. Average position size ~0.31% of portfolio fair value.

Why It Matters
This filing gives investors current NAV, declared cash distributions and a snapshot of portfolio composition and risk. The high share of first-lien, floating-rate debt and an 8.84% weighted yield indicate where the Fund’s income is generated and how it may react to interest-rate changes. The level of secured borrowings (~$795.5M) and concentrated industry/top-holding exposures are material for assessing leverage and portfolio risk. Note the valuation and performance data were prepared by the Fund’s adviser (Churchill PCIF Advisor LLC) and not audited by the Fund’s auditor; results in the Fund’s Form 10-K may differ.