Nuveen Churchill Private Capital Income Fund Reports Aug NAV & Sept Distributions

What Happened
Nuveen Churchill Private Capital Income Fund (the Fund) filed an 8‑K on Oct 1, 2026 reporting its net asset value (NAV) and portfolio results as of August 31, 2026, and announcing regular distributions declared by the board on September 29, 2026. NAV per share was approximately $23.85 for Class I and Class D and $23.77 for Class S; aggregate NAV was about $1.5 billion while the investment portfolio fair value was $3.3 billion and secured borrowings totaled $1.8 billion. The Board declared regular distributions of $0.170 per share for each class (net totals: Class I $0.170, Class S $0.153 after a $0.017 servicing fee, Class D $0.165 after a $0.005 servicing fee), payable on or about October 28, 2026 to shareholders of record as of September 30, 2026.

Key Details

• NAV and capital structure (as of Aug 31, 2026): aggregate NAV ≈ $1.5B; portfolio fair value $3.3B; secured borrowings $1.8B.
• Fund performance (selected): Class I YTD 3.77%, 1‑year 6.25%, since inception (Mar 30, 2022) 10.60%; Class S since inception (Oct 2, 2023) 8.74%; Class D since inception (Oct 2, 2023) 9.61%.
• Portfolio composition (fair value): 92.59% first‑lien debt, 2.15% second‑lien, 2.62% mezzanine/structured debt, 2.65% equity; weighted average yield on debt/income-producing investments 8.97% (8.92% incl. non‑accruals).
• Other items: Q3 2026 gross subscriptions ≈ $58.0M; estimated ~1.3% of outstanding shares (as of June 30, 2026) were validly tendered under a repurchase offer that expired Sept 28, 2026 — purchase price will be NAV as of Sept 30, 2026 and results will be reported after NAV is finalized.

Why It Matters
This filing gives investors a snapshot of the Fund’s NAV, leverage and portfolio mix ahead of the quarterly reporting cycle. Key takeaways for retail investors: the Fund remains largely invested in first‑lien floating‑rate private debt (highly represented in the portfolio), yields on its debt portfolio are near 9%, and the Fund is moderately leveraged ($1.8B borrowings vs. $3.3B fair value). The declared $0.170/share regular distribution and the tender‑offer update (purchase price based on Sep 30 NAV) are immediate items that affect cash flows and potential liquidity for shareholders. The filing notes the data are based on the Adviser’s fair‑value determinations, may differ from the Fund’s upcoming Form 10‑Q, and have not been audited by the Fund’s independent accountants.