000191106612/31false2026Q11xbrli:sharesiso4217:USDiso4217:USDxbrli:sharesxbrli:purencpif:investmentncpif:classncpif:segmentncpif:partncpif:member00019110662026-01-012026-03-310001911066ncpif:CommonClassIMember2026-05-110001911066ncpif:CommonClassDMember2026-05-110001911066ncpif:CommonClassSMember2026-05-110001911066us-gaap:InvestmentUnaffiliatedIssuerMember2026-03-310001911066us-gaap:InvestmentUnaffiliatedIssuerMember2025-12-3100019110662026-03-3100019110662025-12-310001911066ncpif:CommonClassSMember2026-03-310001911066ncpif:CommonClassSMember2025-12-310001911066ncpif:CommonClassDMember2025-12-310001911066ncpif:CommonClassDMember2026-03-310001911066ncpif:CommonClassIMember2026-03-310001911066ncpif:CommonClassIMember2025-12-310001911066us-gaap:InvestmentUnaffiliatedIssuerMember2026-01-012026-03-310001911066us-gaap:InvestmentUnaffiliatedIssuerMember2025-01-012025-03-3100019110662025-01-012025-03-310001911066ncpif:CommonClassSMember2026-01-012026-03-310001911066ncpif:CommonClassSMember2025-01-012025-03-310001911066ncpif:CommonClassDMember2026-01-012026-03-310001911066ncpif:CommonClassDMember2025-01-012025-03-310001911066ncpif:CommonClassIMember2026-01-012026-03-310001911066ncpif:CommonClassIMember2025-01-012025-03-3100019110662024-12-3100019110662025-03-310001911066AIM Acquisition, LLC | First Lien Debt 12026-03-310001911066AIM Acquisition, LLC | First Lien Debt 22026-03-310001911066ERA Industries, LLC (BTX Precision)2026-03-310001911066ERA Industries, LLC (BTX Precision) | First Lien Debt (Delayed Draw) 12026-03-310001911066ERA Industries, LLC (BTX Precision) | First Lien Debt (Delayed Draw) 22026-03-310001911066ERA Industries, LLC (BTX Precision) | First Lien Debt2026-03-310001911066PAG Holding Corp. (Precision Aviation Group) | First Lien Debt2026-03-310001911066PAG Holding Corp. (Precision Aviation Group) | First Lien Debt (Delayed Draw)2026-03-310001911066PMI (US) Bidco, Inc. | First Lien Debt2026-03-310001911066PMI (US) Bidco, Inc. | First Lien Debt (Delayed Draw)2026-03-310001911066Turbine Engine Specialists, Inc. | Subordinated Debt 12026-03-310001911066Turbine Engine Specialists, Inc. | Subordinated Debt 22026-03-310001911066United AirLines, Inc. | First Lien Debt2026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:AerospaceAndDefenseMember2026-03-310001911066Adient Global Holdings | First Lien Debt2026-03-310001911066Allison Transmission, Inc. | First Lien Debt2026-03-310001911066Cool Buyer, Inc. (Universal Air Conditioner, L.L.C.) | Subordinated Debt (Delayed Draw)2026-03-310001911066Cool Buyer, Inc. (Universal Air Conditioner, L.L.C.) | Subordinated Debt2026-03-310001911066Randys Holdings, Inc. (Randy's Worldwide Automotive) | First Lien Debt 12026-03-310001911066Randys Holdings, Inc. (Randy's Worldwide Automotive) | First Lien Debt (Delayed Draw) 12026-03-310001911066Randys Holdings, Inc. (Randy's Worldwide Automotive) | First Lien Debt 22026-03-310001911066Randys Holdings, Inc. (Randy's Worldwide Automotive) | First Lien Debt (Delayed Draw) 22026-03-310001911066us-gaap:DebtSecuritiesMemberus-gaap:AutomotiveSectorMember2026-03-310001911066Alliant Holdings Intermediate, LLC | First Lien Debt2026-03-310001911066Aprio Advisory Group, LLC | Revolving Loan2026-03-310001911066Aprio Advisory Group, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Ascend Partner Services LLC | First Lien Debt2026-03-310001911066Ascend Partner Services LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Asurion, LLC (fka Asurion Corporation) | First Lien Debt2026-03-310001911066Big Apple Advisory, LLC | Revolving Loan2026-03-310001911066Big Apple Advisory, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Big Apple Advisory, LLC | First Lien Debt2026-03-310001911066Bishop Street Underwriters LLC | First Lien Debt (Delayed Draw) 12026-03-310001911066Bishop Street Underwriters LLC | First Lien Debt2026-03-310001911066Bishop Street Underwriters LLC | First Lien Debt (Delayed Draw) 22026-03-310001911066Broadstreet Partners, Inc. | First Lien Debt2026-03-310001911066Chicago US Midco III, LP | First Lien Debt (Delayed Draw)2026-03-310001911066Chicago US Midco III, LP | First Lien Debt2026-03-310001911066Cohen Advisory, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Cohen Advisory, LLC | First Lien Debt2026-03-310001911066Cohnreznick Advisory LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Cohnreznick Advisory LLC | First Lien Debt2026-03-310001911066Knight AcquireCo, LLC | First Lien Debt2026-03-310001911066Knight AcquireCo, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Patriot Growth Insurance Services, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Ryan Specialty Group, LLC | First Lien Debt2026-03-310001911066Sedgwick Claims Management Services, Inc. | First Lien Debt2026-03-310001911066Smith & Howard Advisory LLC | First Lien Debt2026-03-310001911066Smith & Howard Advisory LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Truist Insurance Holdings LLC | First Lien Debt2026-03-310001911066Vensure Employer Services, Inc. | First Lien Debt (Delayed Draw)2026-03-310001911066Vensure Employer Services, Inc. | First Lien Debt2026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:BankingFinanceInsuranceRealEstateMember2026-03-310001911066AmerCareRoyal, LLC | First Lien Debt2026-03-310001911066AmerCareRoyal, LLC | First Lien Debt (Delayed Draw) 12026-03-310001911066AmerCareRoyal, LLC | First Lien Debt (Delayed Draw) 22026-03-310001911066BCPE North Star US Holdco 2, Inc. (Dessert Holdings) | Subordinated Debt2026-03-310001911066BCPE North Star US Holdco 2, Inc. (Dessert Holdings) | First Lien Debt2026-03-310001911066Commercial Bakeries Corp. | First Lien Debt 12026-03-310001911066Commercial Bakeries Corp. | First Lien Debt 22026-03-310001911066Commercial Bakeries Corp. | First Lien Debt 32026-03-310001911066Commercial Bakeries Corp. | First Lien Debt 42026-03-310001911066FoodScience, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066FoodScience, LLC | First Lien Debt2026-03-310001911066Fortune International, LLC | First Lien Debt2026-03-310001911066Froneri International Limited | First Lien Debt2026-03-310001911066IF&P Holding Company, LLC (Fresh Edge) | Subordinated Debt2026-03-310001911066Naturpak PPC Buyer LLC | First Lien Debt2026-03-310001911066Naturpak PPC Buyer LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Palmetto Acquisitionco, Inc. (Tech24) | First Lien Debt2026-03-310001911066Palmetto Acquisitionco, Inc. (Tech24) | First Lien Debt (Delayed Draw)2026-03-310001911066Primo Brands Corporation | First Lien Debt2026-03-310001911066Razor Light, Inc. | First Lien Debt2026-03-310001911066Razor Light, Inc. | First Lien Debt (Delayed Draw) 12026-03-310001911066Razor Light, Inc. | Revolving Loan2026-03-310001911066Refresco (Pegasus Bidco BV) | First Lien Debt2026-03-310001911066Refresh Buyer, LLC (Sunny Sky Products) | First Lien Debt 12026-03-310001911066Refresh Buyer, LLC (Sunny Sky Products) | First Lien Debt (Delayed Draw)2026-03-310001911066Sugar PPC Buyer LLC (Sugar Foods) | First Lien Debt2026-03-310001911066Sugar PPC Buyer LLC (Sugar Foods) | First Lien Debt (Delayed Draw) 12026-03-310001911066Sugar PPC Buyer LLC (Sugar Foods) | First Lien Debt (Delayed Draw) 22026-03-310001911066Watermill Express, LLC | First Lien Debt (Delayed Draw) 12026-03-310001911066Watermill Express, LLC | First Lien Debt 12026-03-310001911066Watermill Express, LLC | First Lien Debt (Delayed Draw) 22026-03-310001911066Watermill Express, LLC | First Lien Debt 22026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:BeverageFoodTobaccoMember2026-03-310001911066Clean Solutions Buyer, Inc. | First Lien Debt2026-03-310001911066Engineered Fastener Company, LLC (EFC International) | Subordinated Debt2026-03-310001911066FirstCall Mechanical Group, LLC | First Lien Debt2026-03-310001911066FirstCall Mechanical Group, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Hayward Industries, Inc. | First Lien Debt2026-03-310001911066Hyperion Materials & Technologies, Inc. | First Lien Debt2026-03-310001911066Jetson Buyer, Inc. (E-Technologies Group, Inc.) | First Lien Debt2026-03-310001911066Johnson Controls Inc (aka Power Solutions) | First Lien Debt 12026-03-310001911066Johnson Controls Inc (aka Power Solutions) | First Lien Debt 22026-03-310001911066Madison Safety & Flow LLC | First Lien Debt2026-03-310001911066Motion & Control Enterprises LLC | First Lien Debt 12026-03-310001911066Motion & Control Enterprises LLC | First Lien Debt 22026-03-310001911066Motion & Control Enterprises LLC | First Lien Debt (Delayed Draw) 12026-03-310001911066Motion & Control Enterprises LLC | First Lien Debt (Delayed Draw) 22026-03-310001911066Ovation Holdings, Inc | First Lien Debt (Delayed Draw) 12026-03-310001911066Ovation Holdings, Inc | First Lien Debt 12026-03-310001911066Ovation Holdings, Inc | First Lien Debt 22026-03-310001911066Ovation Holdings, Inc | First Lien Debt (Delayed Draw) 22026-03-310001911066Ovation Holdings, Inc. | First Lien Debt2026-03-310001911066Ovation Holdings, Inc. | First Lien Debt (Delayed Draw)2026-03-310001911066PT Intermediate Holdings III, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066PT Intermediate Holdings III, LLC | First Lien Debt2026-03-310001911066Rhino Intermediate Holding Company, LLC (Rhino Tool House) | First Lien Debt 12026-03-310001911066Rhino Intermediate Holding Company, LLC (Rhino Tool House) | First Lien Debt 22026-03-310001911066Rhino Intermediate Holding Company, LLC (Rhino Tool House) | First Lien Debt (Delayed Draw)2026-03-310001911066SkyMark Refuelers, LLC | First Lien Debt2026-03-310001911066SkyMark Refuelers, LLC | First Lien Debt (Delayed Draw) 12026-03-310001911066SkyMark Refuelers, LLC | First Lien Debt (Delayed Draw) 22026-03-310001911066Southern Air & Heat Holdings, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Southern Air & Heat Holdings, LLC | First Lien Debt2026-03-310001911066Specialty Manufacturing Holdings, LLC | First Lien Debt2026-03-310001911066Specialty Manufacturing Holdings, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Thermostat Purchaser III, Inc. | First Lien Debt (Delayed Draw)2026-03-310001911066Thermostat Purchaser III, Inc. | First Lien Debt2026-03-310001911066USA Industries Holdings LLC | First Lien Debt2026-03-310001911066USA Industries Holdings LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Vessco Midco Holdings, LLC | First Lien Debt2026-03-310001911066Vessco Midco Holdings, LLC | Revolving Loan2026-03-310001911066Vessco Midco Holdings, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:CapitalEquipmentMember2026-03-310001911066Akzo Nobel Speciality (aka Starfruit US Holdco LLC) | First Lien Debt2026-03-310001911066Chroma Color Corporation | First Lien Debt2026-03-310001911066Chroma Color Corporation | First Lien Debt (Delayed Draw)2026-03-310001911066Graham Packaging Company Inc. | First Lien Debt2026-03-310001911066Ineos Composites (Fortis 333 Inc) | First Lien Debt2026-03-310001911066MKS, Inc. | First Lien Debt2026-03-310001911066New Spartech Holdings LLC | First Lien Debt 12026-03-310001911066New Spartech Holdings LLC | First Lien Debt 22026-03-310001911066Solstice Advanced Materials Inc. | First Lien Debt2026-03-310001911066Tangent Technologies Acquisition, LLC | First Lien Debt2026-03-310001911066Univar Solutions USA Inc. | First Lien Debt2026-03-310001911066USALCO | First Lien Debt (Delayed Draw)2026-03-310001911066USALCO | First Lien Debt2026-03-310001911066WCI-Momentum Bidco, LLC | First Lien Debt2026-03-310001911066WCI-Momentum Bidco, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:ChemicalsPlasticsRubberMember2026-03-310001911066APi Group DE Inc. | First Lien Debt2026-03-310001911066Centuri Group, Inc. | First Lien Debt2026-03-310001911066Cobalt Service Partners, LLC | First Lien Debt2026-03-310001911066Cobalt Service Partners, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Dycom Industries, Inc. | First Lien Debt2026-03-310001911066Gannett Fleming, Inc. | First Lien Debt2026-03-310001911066Gannett Fleming, Inc. | Revolving Loan2026-03-310001911066Heartland Paving Partners, LLC | First Lien Debt2026-03-310001911066Heartland Paving Partners, LLC | First Lien Debt (Delayed Draw) 12026-03-310001911066Heartland Paving Partners, LLC | First Lien Debt (Delayed Draw) 22026-03-310001911066Hyphen Solutions, LLC | First Lien Debt2026-03-310001911066Hyphen Solutions, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066ICE USA Infrastructure, Inc. | First Lien Debt 12026-03-310001911066ICE USA Infrastructure, Inc. | First Lien Debt 22026-03-310001911066ICE USA Infrastructure, Inc.2026-03-310001911066Java Buyer, Inc. | First Lien Debt2026-03-310001911066LJ Avalon Holdings, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066MEI Buyer LLC | First Lien Debt (Delayed Draw) 12026-03-310001911066MEI Buyer LLC | First Lien Debt2026-03-310001911066MEI Buyer LLC | First Lien Debt (Delayed Draw) 22026-03-310001911066Quikrete Holdings, Inc. | First Lien Debt 12026-03-310001911066Quikrete Holdings, Inc. | First Lien Debt 22026-03-310001911066Rose Paving, LLC | Subordinated Debt (Delayed Draw)2026-03-310001911066Rose Paving, LLC | Subordinated Debt2026-03-310001911066SCIC Buyer, Inc. | First Lien Debt (Delayed Draw)2026-03-310001911066SCIC Buyer, Inc. | First Lien Debt2026-03-310001911066Thyssenkrupp Elevator (Vertical US Newco Inc) | First Lien Debt2026-03-310001911066Vertex Service Partners, LLC | First Lien Debt (Delayed Draw) 12026-03-310001911066Vertex Service Partners, LLC | First Lien Debt2026-03-310001911066Vertex Service Partners, LLC | First Lien Debt (Delayed Draw) 22026-03-310001911066WSB Engineering Holdings Inc. | First Lien Debt (Delayed Draw) 12026-03-310001911066WSB Engineering Holdings Inc. | First Lien Debt2026-03-310001911066WSB Engineering Holdings Inc. | First Lien Debt (Delayed Draw) 22026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:ConstructionBuildingMember2026-03-310001911066Callaway Golf Company | First Lien Debt2026-03-310001911066DRS Holdings III, Inc. | First Lien Debt2026-03-310001911066MITER Brands (MIWD Holdco II LLC) | First Lien Debt2026-03-310001911066Momentum Textiles, LLC | Subordinated Debt2026-03-310001911066NMC Skincare Intermediate Holdings II, LLC | First Lien Debt2026-03-310001911066Recess Holdings, Inc. | First Lien Debt2026-03-310001911066XpressMyself.com LLC (SmartSign) | First Lien Debt 12026-03-310001911066XpressMyself.com LLC (SmartSign) | First Lien Debt 22026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:ConsumerGoodsDurableMember2026-03-310001911066Bradford Soap International, Inc. | First Lien Debt2026-03-310001911066Bradford Soap International, Inc. | First Lien Debt (Delayed Draw)2026-03-310001911066FoodServices Brand Group, LLC | Subordinated Debt2026-03-310001911066Image International Intermediate Holdco II, LLC | First Lien Debt 12026-03-310001911066Image International Intermediate Holdco II, LLC | First Lien Debt 22026-03-310001911066KL Bronco Acquisition, Inc. (Elevation Labs) | First Lien Debt (Delayed Draw) 12026-03-310001911066KL Bronco Acquisition, Inc. (Elevation Labs) | First Lien Debt2026-03-310001911066KL Bronco Acquisition, Inc. (Elevation Labs) | First Lien Debt (Delayed Draw) 22026-03-310001911066MPG Parent Holdings, LLC (Market Performance Group) | First Lien Debt (Delayed Draw) 12026-03-310001911066MPG Parent Holdings, LLC (Market Performance Group) | First Lien Debt2026-03-310001911066MPG Parent Holdings, LLC (Market Performance Group) | First Lien Debt (Delayed Draw) 22026-03-310001911066Perrigo Investments | First Lien Debt2026-03-310001911066Revision Buyer LLC (Revision Skincare) | Subordinated Debt2026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:ConsumerGoodsNonDurableMember2026-03-310001911066Belron Finance 2019 LLC | First Lien Debt2026-03-310001911066Novolex (Clydesdale Acquisition Holdings Inc) | First Lien Debt2026-03-310001911066Oliver Packaging, LLC | Subordinated Debt 12026-03-310001911066Oliver Packaging, LLC | Subordinated Debt 22026-03-310001911066Online Labels Group, LLC | First Lien Debt2026-03-310001911066Online Labels Group, LLC | First Lien Debt (Delayed Draw) 12026-03-310001911066Online Labels Group, LLC | First Lien Debt (Delayed Draw) 22026-03-310001911066Performance Packaging Buyer, LLC | First Lien Debt 12026-03-310001911066Performance Packaging Buyer, LLC | First Lien Debt 22026-03-310001911066ProAmpac PG Borrower LLC | First Lien Debt2026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:ContainersPackagingAndGlassMember2026-03-310001911066Environ Energy, LLC | First Lien Debt2026-03-310001911066Environ Energy, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Gibraltar Industries, Inc. | First Lien Debt2026-03-310001911066Matador US Buyer, LLC (Insulation Technology Group) | First Lien Debt2026-03-310001911066Matador US Buyer, LLC (Insulation Technology Group) | First Lien Debt (Delayed Draw)2026-03-310001911066Resilience Parent, LLC | First Lien Debt2026-03-310001911066Tinicum Voltage Acquisition Corp. | First Lien Debt2026-03-310001911066TK Elevator Midco GmbH | First Lien Debt2026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:EnergyElectricityMember2026-03-310001911066Allredi, LLC (Abrasive Products and Equipment) | Subordinated Debt 12026-03-310001911066Allredi, LLC (Abrasive Products and Equipment) | Subordinated Debt 22026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:EnergyOilGasMember2026-03-310001911066CLS Management Services, LLC (Contract Land Staff) | First Lien Debt (Delayed Draw) 12026-03-310001911066CLS Management Services, LLC (Contract Land Staff) | First Lien Debt2026-03-310001911066CLS Management Services, LLC (Contract Land Staff) | First Lien Debt (Delayed Draw) 22026-03-310001911066CLS Management Services, LLC (Contract Land Staff) | First Lien Debt (Delayed Draw) 32026-03-310001911066Covanta Energy Corp | First Lien Debt 12026-03-310001911066Covanta Energy Corp | First Lien Debt 22026-03-310001911066Impact Parent Corporation (Impact Environmental Group) | First Lien Debt (Delayed Draw)2026-03-310001911066Impact Parent Corporation (Impact Environmental Group) | First Lien Debt (Delayed Draw) 12026-03-310001911066Impact Parent Corporation (Impact Environmental Group) | First Lien Debt 12026-03-310001911066Impact Parent Corporation (Impact Environmental Group) | First Lien Debt 22026-03-310001911066Impact Parent Corporation (Impact Environmental Group) | First Lien Debt 32026-03-310001911066Impact Parent Corporation (Impact Environmental Group) | First Lien Debt (Delayed Draw) 22026-03-310001911066Impact Parent Corporation (Impact Environmental Group) | First Lien Debt (Delayed Draw) 32026-03-310001911066LTR Intermediate Holdings, Inc. | First Lien Debt2026-03-310001911066NFM & J, L.P. (The Facilities Group) | First Lien Debt (Delayed Draw) 12026-03-310001911066NFM & J, L.P. (The Facilities Group) | First Lien Debt (Delayed Draw) 22026-03-310001911066NFM & J, L.P. (The Facilities Group) | First Lien Debt 12026-03-310001911066NFM & J, L.P. (The Facilities Group) | First Lien Debt 22026-03-310001911066Nutrition 101 Buyer, LLC (101 Inc) | First Lien Debt2026-03-310001911066Orion Group FM Holdings, LLC (Leo Facilities) | First Lien Debt 12026-03-310001911066Orion Group FM Holdings, LLC (Leo Facilities) | First Lien Debt 22026-03-310001911066Orion Group FM Holdings, LLC (Leo Facilities) | First Lien Debt (Delayed Draw) 12026-03-310001911066Orion Group FM Holdings, LLC (Leo Facilities) | First Lien Debt (Delayed Draw) 22026-03-310001911066Reworld Holding Corporation | First Lien Debt 12026-03-310001911066Reworld Holding Corporation | First Lien Debt 22026-03-310001911066SI Solutions, LLC | First Lien Debt 12026-03-310001911066SI Solutions, LLC | First Lien Debt 22026-03-310001911066SI Solutions, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:EnvironmentalIndustriesMember2026-03-310001911066AB Centers Acquisition Corporation (Action Behavior Centers) | First Lien Debt 12026-03-310001911066AB Centers Acquisition Corporation (Action Behavior Centers) | First Lien Debt 22026-03-310001911066AB Centers Acquisition Corporation (Action Behavior Centers) | First Lien Debt (Delayed Draw)2026-03-310001911066AB Centers Acquisition Corporation (Action Behavior Centers) | First Lien Debt 32026-03-310001911066ACP Maverick Holdings, Inc. | First Lien Debt (Delayed Draw)2026-03-310001911066ACP Maverick Holdings, Inc. | First Lien Debt2026-03-310001911066All Star Recruiting Locums, LLC (All Star Healthcare Solutions) | First Lien Debt (Delayed Draw) 12026-03-310001911066All Star Recruiting Locums, LLC (All Star Healthcare Solutions) | First Lien Debt 12026-03-310001911066All Star Recruiting Locums, LLC (All Star Healthcare Solutions) | First Lien Debt (Delayed Draw) 22026-03-310001911066All Star Recruiting Locums, LLC (All Star Healthcare Solutions) | First Lien Debt 22026-03-310001911066ARC Health OPCO, LLC | Subordinated Debt (Delayed Draw)2026-03-310001911066ARC Health OPCO, LLC | Subordinated Debt2026-03-310001911066Beantown Holdings, Inc. | First Lien Debt (Delayed Draw)2026-03-310001911066Biomarin Pharmaceutical Inc. | First Lien Debt2026-03-310001911066Bluebird PM Buyer, Inc. | First Lien Debt (Delayed Draw)2026-03-310001911066Bluebird PM Buyer, Inc. | First Lien Debt2026-03-310001911066Bridges Consumer Healthcare Intermediate LLC | First Lien Debt (Delayed Draw) 12026-03-310001911066Bridges Consumer Healthcare Intermediate LLC | First Lien Debt2026-03-310001911066Bridges Consumer Healthcare Intermediate LLC | First Lien Debt (Delayed Draw) 22026-03-310001911066Coding Solutions Acquisition, Inc. | First Lien Debt (Delayed Draw) 12026-03-310001911066Coding Solutions Acquisition, Inc. | First Lien Debt 12026-03-310001911066Coding Solutions Acquisition, Inc. | First Lien Debt 22026-03-310001911066Coding Solutions Acquisition, Inc. | Revolving Loan2026-03-310001911066Coding Solutions Acquisition, Inc. | First Lien Debt (Delayed Draw) 22026-03-310001911066Eyesouth Eye Care Holdco LLC | First Lien Debt2026-03-310001911066Eyesouth Eye Care Holdco LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Genmab A/S | First Lien Debt2026-03-310001911066Health Management Associates, Inc. | First Lien Debt 12026-03-310001911066Health Management Associates, Inc. | First Lien Debt (Delayed Draw) 12026-03-310001911066Health Management Associates, Inc. | First Lien Debt 22026-03-310001911066Health Management Associates, Inc. | First Lien Debt (Delayed Draw) 22026-03-310001911066Healthspan Buyer, LLC (Thorne HealthTech) | First Lien Debt2026-03-310001911066Healthspan Buyer, LLC (Thorne HealthTech) | First Lien Debt (Delayed Draw)2026-03-310001911066Healthspan Buyer, LLC (Thorne HealthTech) | First Lien Debt 12026-03-310001911066Healthspan Buyer, LLC (Thorne HealthTech) | First Lien Debt 22026-03-310001911066Healthspan Buyer, LLC (Thorne HealthTech) | First Lien Debt 32026-03-310001911066Heartland Veterinary Partners LLC | Subordinated Debt2026-03-310001911066Heartland Veterinary Partners LLC | Subordinated Debt (Delayed Draw) 12026-03-310001911066Heartland Veterinary Partners LLC | Subordinated Debt (Delayed Draw) 22026-03-310001911066HLSG Intermediate, LLC | First Lien Debt2026-03-310001911066HLSG Intermediate, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066HMN Acquirer Corp. | First Lien Debt2026-03-310001911066HMN Acquirer Corp. | First Lien Debt (Delayed Draw)2026-03-310001911066Hologic, Inc. | First Lien Debt2026-03-310001911066Impact Advisors, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Impact Advisors, LLC | First Lien Debt2026-03-310001911066Jazz Pharmaceuticals (AKA FINANCING LUX SARL) | First Lien Debt2026-03-310001911066JKC Buyer, Inc. (J. Knipper and Company Inc) | First Lien Debt (Delayed Draw)2026-03-310001911066JKC Buyer, Inc. (J. Knipper and Company Inc) | First Lien Debt2026-03-310001911066Lavie Group, Inc. | First Lien Debt 12026-03-310001911066Lavie Group, Inc. | First Lien Debt 22026-03-310001911066Lavie Group, Inc. | First Lien Debt (Delayed Draw) 12026-03-310001911066Lavie Group, Inc. | First Lien Debt (Delayed Draw) 22026-03-310001911066Lavie Group, Inc. | First Lien Debt 32026-03-310001911066Medline (AKA Mozart Borrower LP) | First Lien Debt 12026-03-310001911066Medline (AKA Mozart Borrower LP) | First Lien Debt 22026-03-310001911066New You Bariatric Group, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066New You Bariatric Group, LLC | First Lien Debt2026-03-310001911066Organon & Co | First Lien Debt2026-03-310001911066Performance Health Holdings, Inc | First Lien Debt2026-03-310001911066Promptcare Infusion Buyer, Inc. | First Lien Debt (Delayed Draw)2026-03-310001911066Promptcare Infusion Buyer, Inc. | First Lien Debt2026-03-310001911066Select Medical Corporation | First Lien Debt2026-03-310001911066Southern Veterinary Partners, LLC | First Lien Debt2026-03-310001911066TBRS, Inc. | First Lien Debt (Delayed Draw)2026-03-310001911066TBRS, Inc. | Revolving Loan2026-03-310001911066TBRS, Inc. | First Lien Debt2026-03-310001911066Tidi Legacy Products, Inc. | First Lien Debt2026-03-310001911066Tidi Legacy Products, Inc. | First Lien Debt (Delayed Draw)2026-03-310001911066VMG Holdings LLC (VMG Health) | First Lien Debt (Delayed Draw)2026-03-310001911066VMG Holdings LLC (VMG Health) | First Lien Debt 12026-03-310001911066VMG Holdings LLC (VMG Health) | First Lien Debt 22026-03-310001911066VSC Specialty Molding Acquisition LLC | First Lien Debt2026-03-310001911066VSC Specialty Molding Acquisition LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Wellspring Pharmaceutical Corporation | First Lien Debt 12026-03-310001911066Wellspring Pharmaceutical Corporation | First Lien Debt 22026-03-310001911066Wellspring Pharmaceutical Corporation | First Lien Debt 32026-03-310001911066Wellspring Pharmaceutical Corporation | First Lien Debt (Delayed Draw)2026-03-310001911066YI, LLC (Young Innovations) | First Lien Debt2026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:HealthcareAndPharmaceuticalsMember2026-03-310001911066Ahead DB Holdings, LLC (Ahead Data Blue LLC) | First Lien Debt2026-03-310001911066Alta Buyer, LLC | First Lien Debt2026-03-310001911066Alta Buyer, LLC | Revolving Loan2026-03-310001911066Arctiq, Inc. | First Lien Debt2026-03-310001911066Arctiq, Inc. | First Lien Debt (Delayed Draw)2026-03-310001911066BMC Software, Inc. | First Lien Debt2026-03-310001911066CACI International Inc | First Lien Debt2026-03-310001911066CLEARWATER ANALYTICS LLC | First Lien Debt2026-03-310001911066CompoSecure Holdings, L.L.C. | First Lien Debt2026-03-310001911066Diligent Corporation (fka Diamond Merger Sub II, Corp.) | First Lien Debt 12026-03-310001911066Diligent Corporation (fka Diamond Merger Sub II, Corp.) | First Lien Debt 22026-03-310001911066Diligent Corporation (fka Diamond Merger Sub II, Corp.) | First Lien Debt (Delayed Draw)2026-03-310001911066Dragon Buyer, Inc. (NCR Voyix) | First Lien Debt2026-03-310001911066Eliassen Group, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Eliassen Group, LLC | First Lien Debt2026-03-310001911066Emburse, Inc. | First Lien Debt2026-03-310001911066Emburse, Inc. | First Lien Debt (Delayed Draw)2026-03-310001911066Emburse, Inc. | Revolving Loan2026-03-310001911066Ensono, Inc. | First Lien Debt2026-03-310001911066Exterro, Inc. | First Lien Debt (Delayed Draw)2026-03-310001911066Exterro, Inc. | First Lien Debt2026-03-310001911066GNX HBS PARENT, LLC | First Lien Debt2026-03-310001911066GNX HBS PARENT, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066GS AcquisitionCo, Inc. | First Lien Debt2026-03-310001911066Icon Parent I Inc. | First Lien Debt2026-03-310001911066II-VI INCORPORATED | First Lien Debt2026-03-310001911066Infobase Acquisition, Inc. | First Lien Debt2026-03-310001911066Javelin Buyer, Inc. | Subordinated Debt2026-03-310001911066Javelin Buyer, Inc. | First Lien Debt2026-03-310001911066Mermaid Bidco Inc. | First Lien Debt2026-03-310001911066Mitchell International, Inc. | First Lien Debt2026-03-310001911066PointClickCare Technologies | First Lien Debt2026-03-310001911066Project Alpha Intermediate Holding, Inc. | First Lien Debt2026-03-310001911066Qnity Electronics, Inc. | First Lien Debt2026-03-310001911066Quartz Holding Company (Quickbase) | First Lien Debt2026-03-310001911066QXO Building Products, Inc. | First Lien Debt2026-03-310001911066Ridge Trail US Bidco, Inc. (Options IT) | First Lien Debt2026-03-310001911066Ridge Trail US Bidco, Inc. (Options IT) | Revolving Loan2026-03-310001911066Ridge Trail US Bidco, Inc. (Options IT) | First Lien Debt (Delayed Draw)2026-03-310001911066Specialist Resources Global Inc. | First Lien Debt2026-03-310001911066Specialist Resources Global Inc. | First Lien Debt (Delayed Draw)2026-03-310001911066Stratix Holding Corporation | First Lien Debt 12026-03-310001911066Stratix Holding Corporation | First Lien Debt 22026-03-310001911066VALIDITY INC | First Lien Debt2026-03-310001911066Venture Buyer, LLC (Velosio) | First Lien Debt2026-03-310001911066Venture Buyer, LLC (Velosio) | First Lien Debt (Delayed Draw)2026-03-310001911066Waystar Technologies, Inc. | First Lien Debt2026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:HighTechIndustriesMember2026-03-310001911066Cinemark USA, Inc. | First Lien Debt2026-03-310001911066Davidson Hotel Company LLC | First Lien Debt2026-03-310001911066Davidson Hotel Company LLC | First Lien Debt (Delayed Draw)2026-03-310001911066GBT US III LLC | First Lien Debt2026-03-310001911066Oak-Eagle Acquireco, Inc. | First Lien Debt2026-03-310001911066TKO Worldwide Holdings, LLC | First Lien Debt2026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:HotelGamingAndLeisureMember2026-03-310001911066Calienger Acquisition, L.L.C. (Wpromote, LLC) | First Lien Debt2026-03-310001911066Thomson Reuters IP & S (AKA Clarivate / Camelot Finance SA) | First Lien Debt2026-03-310001911066Viking Buyer, LLC (Vanguard Packaging LLC) | First Lien Debt2026-03-310001911066VS Professional Training Acquisitionco, LLC | First Lien Debt2026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:MediaAdvertisingPrintingPublishingMember2026-03-310001911066Nexstar Media Inc. | First Lien Debt2026-03-310001911066UPC/Sunrise (UPC Financing Partnership) | First Lien Debt2026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:MediaBroadcastingAndSubscriptionMember2026-03-310001911066BroadcastMed Holdco, LLC | Subordinated Debt2026-03-310001911066Creative Artists Agency, LLC | First Lien Debt2026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:MediaDiversifiedProductionMember2026-03-310001911066Arsenal AIC Parent LLC(Arconic) | First Lien Debt2026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:MetalsAndMiningMember2026-03-310001911066Varsity Brands, Inc. | First Lien Debt2026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:RetailIndustryMember2026-03-310001911066AG Group Holdings, Inc. (Addison Group) | First Lien Debt2026-03-310001911066Air Transport (Stonepeak Nile Parent LLC) | First Lien Debt2026-03-310001911066ALKU Intermediate Holdings, LLC | First Lien Debt2026-03-310001911066All4 Buyer, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066All4 Buyer, LLC | First Lien Debt2026-03-310001911066Allied Universal Holdco LLC (f/k/a USAGM Holdco, LLC) | First Lien Debt2026-03-310001911066Archer Acquisition, LLC (ARMstrong) | First Lien Debt2026-03-310001911066Archer Acquisition, LLC (ARMstrong) | First Lien Debt (Delayed Draw)2026-03-310001911066Astra Service Partners, LLC | First Lien Debt2026-03-310001911066Astra Service Partners, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Azalea TopCo, Inc. | First Lien Debt2026-03-310001911066Bounteous, Inc. | First Lien Debt (Delayed Draw) 12026-03-310001911066Bounteous, Inc. | First Lien Debt (Delayed Draw) 22026-03-310001911066Bounteous, Inc. | First Lien Debt (Delayed Draw) 32026-03-310001911066Bounteous, Inc. | First Lien Debt 12026-03-310001911066Bounteous, Inc. | First Lien Debt 22026-03-310001911066Caldwell & Gregory LLC | Subordinated Debt2026-03-310001911066Certus NDT Group Buyer, LLC | Subordinated Debt2026-03-310001911066COP Village Green Acquisitions, Inc. (Village Green Holding) | Subordinated Debt2026-03-310001911066COP Village Green Acquisitions, Inc. (Village Green Holding) | Subordinated Debt (Delayed Draw)2026-03-310001911066Cornerstone Advisors of Arizona, LLC | First Lien Debt2026-03-310001911066CPL Consultants, LLC | First Lien Debt2026-03-310001911066CPL Consultants, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066CV Holdco, LLC (Class Valuation) | Subordinated Debt 12026-03-310001911066CV Holdco, LLC (Class Valuation) | Subordinated Debt 22026-03-310001911066Dawn Bidco, LLC | First Lien Debt2026-03-310001911066Delphi Infrastructure Group LLC | First Lien Debt2026-03-310001911066DISA Holdings Corp. (DISA Global Solutions) | First Lien Debt (Delayed Draw)2026-03-310001911066DISA Holdings Corp. (DISA Global Solutions) | First Lien Debt2026-03-310001911066Env Automation Acquisition,LLC | First Lien Debt2026-03-310001911066Env Automation Acquisition,LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Esquire Deposition Solutions, LLC | Subordinated Debt2026-03-310001911066Fleet Midco I Limited | First Lien Debt2026-03-310001911066Garda World Security Corporation | First Lien Debt2026-03-310001911066Genuine Financial Holdings LLC (HireRight) | First Lien Debt2026-03-310001911066ICON LUXEMBOURG SARL | First Lien Debt 12026-03-310001911066ICON LUXEMBOURG SARL | First Lien Debt 22026-03-310001911066ImageFirst Holdings, LLC | First Lien Debt2026-03-310001911066Ingram Micro Inc | First Lien Debt2026-03-310001911066KENG Acquisition, Inc. (Engage PEO) | First Lien Debt2026-03-310001911066KENG Acquisition, Inc. (Engage PEO) | First Lien Debt (Delayed Draw) 12026-03-310001911066KENG Acquisition, Inc. (Engage PEO) | First Lien Debt (Delayed Draw) 22026-03-310001911066Kofile, Inc. | Subordinated Debt2026-03-310001911066KRIV Acquisition Inc. | First Lien Debt (Delayed Draw)2026-03-310001911066KRIV Acquisition Inc. | Revolving Loan2026-03-310001911066KRIV Acquisition, Inc. (Riveron) | First Lien Debt (Delayed Draw)2026-03-310001911066KRIV Acquisition, Inc. (Riveron) | First Lien Debt2026-03-310001911066LRN Corporation | First Lien Debt2026-03-310001911066LRN Corporation (Lion Merger Sub, Inc.) | First Lien Debt 12026-03-310001911066LRN Corporation (Lion Merger Sub, Inc.) | First Lien Debt 22026-03-310001911066LSCS Holdings, Inc. (Dohmen) | First Lien Debt2026-03-310001911066M&S Holdings Buyer, Inc. | First Lien Debt2026-03-310001911066M&S Holdings Buyer, Inc. | First Lien Debt (Delayed Draw)2026-03-310001911066OCM System One Buyer CTB, LLC (System One) | First Lien Debt2026-03-310001911066Olympus US Bidco LLC (Phaidon International) | First Lien Debt2026-03-310001911066OMNIA Partners, LLC | First Lien Debt2026-03-310001911066Open Text Corporation | First Lien Debt2026-03-310001911066Pioneer AcquisitionCo, LLC | First Lien Debt2026-03-310001911066PN Buyer, Inc. | First Lien Debt2026-03-310001911066PN Buyer, Inc. | First Lien Debt (Delayed Draw)2026-03-310001911066Prime Security Services Borrower, LLC | First Lien Debt2026-03-310001911066Protection One (aka Prime Security Services) | First Lien Debt2026-03-310001911066RailPros Parent, LLC | First Lien Debt2026-03-310001911066RailPros Parent, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066RailPros Parent, LLC | Revolving Loan2026-03-310001911066Redwood Services Group, LLC (Evergreen Services Group) | First Lien Debt (Delayed Draw) 12026-03-310001911066Redwood Services Group, LLC (Evergreen Services Group) | First Lien Debt2026-03-310001911066Redwood Services Group, LLC (Evergreen Services Group) | First Lien Debt (Delayed Draw) 22026-03-310001911066Resideo Funding Inc. | First Lien Debt2026-03-310001911066Safety Infrastructure Services Intermediate LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Safety Infrastructure Services Intermediate LLC | First Lien Debt2026-03-310001911066Sagebrush Buyer, LLC (Province) | First Lien Debt 12026-03-310001911066Sagebrush Buyer, LLC (Province) | First Lien Debt 22026-03-310001911066Sagebrush Buyer, LLC (Province) | First Lien Debt 32026-03-310001911066Secretariat Advisors LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Secretariat Advisors LLC | First Lien Debt2026-03-310001911066Sentinel Technologies, Inc | First Lien Debt2026-03-310001911066Soliant Lower Intermediate, LLC | First Lien Debt2026-03-310001911066Syndigo LLC | First Lien Debt2026-03-310001911066Syndigo LLC | Revolving Loan2026-03-310001911066Synechron | First Lien Debt2026-03-310001911066Tau Buyer, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Tau Buyer, LLC | Revolving Loan2026-03-310001911066Tau Buyer, LLC | First Lien Debt2026-03-310001911066Thompson Safety LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Thompson Safety LLC | Revolving Loan2026-03-310001911066TouchTunes Music Group, LLC (TouchTunes Interactive Network) | First Lien Debt2026-03-310001911066Transit Buyer, LLC (Propark Mobility) | First Lien Debt 12026-03-310001911066Transit Buyer, LLC (Propark Mobility) | First Lien Debt (Delayed Draw) 12026-03-310001911066Transit Buyer, LLC (Propark Mobility) | First Lien Debt (Delayed Draw) 22026-03-310001911066Transit Buyer, LLC (Propark Mobility) | First Lien Debt 22026-03-310001911066Transit Buyer, LLC (Propark Mobility) | First Lien Debt (Delayed Draw) 32026-03-310001911066Transit Buyer, LLC (Propark Mobility) | First Lien Debt (Delayed Draw) 42026-03-310001911066Trilon Group, LLC | First Lien Debt 12026-03-310001911066Trilon Group, LLC | First Lien Debt 22026-03-310001911066Trilon Group, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066TSS Buyer, LLC (Technical Safety Services) | First Lien Debt (Delayed Draw)2026-03-310001911066TSS Buyer, LLC (Technical Safety Services) | First Lien Debt2026-03-310001911066Victors CCC Buyer LLC (CrossCountry Consulting) | First Lien Debt 12026-03-310001911066Victors CCC Buyer LLC (CrossCountry Consulting) | First Lien Debt 22026-03-310001911066Victors CCC Buyer LLC (CrossCountry Consulting) | First Lien Debt (Delayed Draw) 12026-03-310001911066Victors CCC Buyer LLC (CrossCountry Consulting) | First Lien Debt 32026-03-310001911066Victors CCC Buyer LLC (CrossCountry Consulting) | First Lien Debt (Delayed Draw) 22026-03-310001911066VSTG Intermediate Holdings, Inc. (Vistage Worldwide, Inc.) | First Lien Debt2026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:ServicesBusinessMember2026-03-310001911066360 Holdco, Inc. (360 Training) | First Lien Debt2026-03-310001911066360 Holdco, Inc. (360 Training) | First Lien Debt (Delayed Draw)2026-03-310001911066ADPD Holdings LLC (NearU) | First Lien Debt2026-03-310001911066AMS Parent, LLC (All My Sons) | First Lien Debt2026-03-310001911066Apex Service Partners, LLC | First Lien Debt (Delayed Draw) 12026-03-310001911066Apex Service Partners, LLC | Revolving Loan2026-03-310001911066Apex Service Partners, LLC | First Lien Debt2026-03-310001911066Apex Service Partners, LLC | First Lien Debt (Delayed Draw) 22026-03-310001911066Apex Service Partners, LLC | First Lien Debt (Delayed Draw) 32026-03-310001911066Brightspring Health (aka Phoenix Gurantor Inc.) | First Lien Debt2026-03-310001911066Canopy Service Partners, LLC | First Lien Debt2026-03-310001911066Canopy Service Partners, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Columbia Home Services LLC | Subordinated Debt (Delayed Draw)2026-03-310001911066Columbia Home Services LLC | Subordinated Debt2026-03-310001911066Entomo Brands Acquisitions, Inc. (Palmetto Exterminators) | Subordinated Debt2026-03-310001911066Entomo Brands Acquisitions, Inc. (Palmetto Exterminators) | Subordinated Debt (Delayed Draw)2026-03-310001911066Excel Fitness Consolidator LLC | First Lien Debt2026-03-310001911066Excel Fitness Consolidator LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Legacy Service Partners, LLC | First Lien Debt 12026-03-310001911066Legacy Service Partners, LLC | First Lien Debt 22026-03-310001911066Legacy Service Partners, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Legacy Service Partners, LLC | Subordinated Debt (Delayed Draw)2026-03-310001911066Legacy Service Partners, LLC | Subordinated Debt2026-03-310001911066Norton Life Lock | First Lien Debt2026-03-310001911066NS412, LLC | First Lien Debt2026-03-310001911066Perennial Services Group, LLC | First Lien Debt2026-03-310001911066Perennial Services Group, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Verscend Technologies | First Lien Debt2026-03-310001911066Yard-Nique, Inc. | First Lien Debt2026-03-310001911066Yard-Nique, Inc. | First Lien Debt (Delayed Draw)2026-03-310001911066us-gaap:DebtSecuritiesMemberus-gaap:ConsumerSectorMember2026-03-310001911066Renaissance Buyer, LLC (LMI Consulting, LLC) | First Lien Debt2026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:SovereignAndPublicFinanceMember2026-03-310001911066Arise Holdings, Inc. | First Lien Debt 12026-03-310001911066Arise Holdings, Inc. | First Lien Debt 22026-03-310001911066BCM One, Inc. | First Lien Debt (Delayed Draw)2026-03-310001911066BCM One, Inc. | First Lien Debt2026-03-310001911066Greeneden U.S. Holdings II, LLC (Genesys Telecom Holdings U.S., Inc.) | First Lien Debt2026-03-310001911066Iridium Satellite LLC | First Lien Debt2026-03-310001911066Mobile Communications America, Inc. | First Lien Debt (Delayed Draw) 12026-03-310001911066Mobile Communications America, Inc. | First Lien Debt2026-03-310001911066Mobile Communications America, Inc. | First Lien Debt (Delayed Draw) 22026-03-310001911066Sapphire Telecom, Inc. | First Lien Debt2026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:TelecommunicationsMember2026-03-310001911066Armstrong Midco, LLC (Armstrong Transport Group) | Subordinated Debt2026-03-310001911066Armstrong Transport Group, LLC | Subordinated Debt2026-03-310001911066FSK Pallet Holding Corp. (Kamps Pallets) | First Lien Debt2026-03-310001911066Kenco PPC Buyer LLC | First Lien Debt2026-03-310001911066Kenco PPC Buyer LLC | First Lien Debt (Delayed Draw) 12026-03-310001911066Kenco PPC Buyer LLC | First Lien Debt (Delayed Draw) 22026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:TransportationCargoMember2026-03-310001911066Air Canada | First Lien Debt2026-03-310001911066EVDR Purchaser, Inc. (Alternative Logistics Technologies Buyer, LLC) | First Lien Debt2026-03-310001911066EVDR Purchaser, Inc. (Alternative Logistics Technologies Buyer, LLC) | First Lien Debt (Delayed Draw)2026-03-310001911066WestJet Airlines | First Lien Debt2026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:TransportationConsumerMember2026-03-310001911066AWP Group Holdings, Inc. | First Lien Debt2026-03-310001911066AWP Group Holdings, Inc. | First Lien Debt (Delayed Draw) 12026-03-310001911066AWP Group Holdings, Inc. | First Lien Debt (Delayed Draw) 22026-03-310001911066CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc) | First Lien Debt2026-03-310001911066CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc) | Revolving Loan2026-03-310001911066CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc) | First Lien Debt (Delayed Draw)2026-03-310001911066Force Electrical Buyerco, LLC | First Lien Debt2026-03-310001911066Force Electrical Buyerco, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Industrial Air Flow Dynamics, Inc. | First Lien Debt2026-03-310001911066Industrial Air Flow Dynamics, Inc. | First Lien Debt (Delayed Draw)2026-03-310001911066Low Voltage Holdings Inc. | First Lien Debt2026-03-310001911066Low Voltage Holdings Inc. | First Lien Debt (Delayed Draw)2026-03-310001911066Low Voltage Holdings Inc. | Revolving Loan2026-03-310001911066Pinnacle Supply Partners, LLC | First Lien Debt (Delayed Draw) 12026-03-310001911066Pinnacle Supply Partners, LLC | First Lien Debt2026-03-310001911066Pinnacle Supply Partners, LLC | First Lien Debt (Delayed Draw) 22026-03-310001911066RMS Energy Borrower LLC | First Lien Debt2026-03-310001911066RMS Energy Borrower LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Vistra Operations Co | First Lien Debt2026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:UtilitiesElectricMember2026-03-310001911066Osmosis Buyer Limited | First Lien Debt2026-03-310001911066USA Water Intermediate Holdings, LLC | First Lien Debt 12026-03-310001911066USA Water Intermediate Holdings, LLC | First Lien Debt (Delayed Draw) 12026-03-310001911066USA Water Intermediate Holdings, LLC | First Lien Debt 22026-03-310001911066USA Water Intermediate Holdings, LLC | First Lien Debt (Delayed Draw) 22026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:UtilitiesWaterMember2026-03-310001911066INS Intermediate II, LLC (Ergotech DBA Industrial Networking Solutions) | First Lien Debt2026-03-310001911066INS Intermediate II, LLC (Ergotech DBA Industrial Networking Solutions) | First Lien Debt (Delayed Draw)2026-03-310001911066ISG Enterprises, LLC (Industrial Service Group) | First Lien Debt2026-03-310001911066ISG Enterprises, LLC (Industrial Service Group) | First Lien Debt (Delayed Draw) 12026-03-310001911066ISG Enterprises, LLC (Industrial Service Group) | First Lien Debt (Delayed Draw) 22026-03-310001911066Johnstone Supply, LLC | First Lien Debt2026-03-310001911066New Era Technology, LLC | First Lien Debt (Delayed Draw)2026-03-310001911066Solaray, LLC | First Lien Debt2026-03-310001911066us-gaap:DebtSecuritiesMemberncpif:WholesaleMember2026-03-310001911066us-gaap:DebtSecuritiesMember2026-03-310001911066BPC Kodiak LLC (Turbine Engine Specialists) | Class A-1 Units2026-03-310001911066CMP Terrapin Partners I LP (Clarity Innovations, Inc.) | Partnership Interests2026-03-310001911066CMP Terrapin Partners II LP (Clarity Innovations, Inc.) | Partnership Interests2026-03-310001911066us-gaap:EquitySecuritiesMemberncpif:AerospaceAndDefenseMember2026-03-310001911066Cool Acquisition Holdings, LP (Universal Air Conditioner, L.L.C.) | Holdings Subscription2026-03-310001911066us-gaap:EquitySecuritiesMemberus-gaap:AutomotiveSectorMember2026-03-310001911066INS Co-Invest LP (Inszone) | Partnership Interests2026-03-310001911066R Arax Co-Invest UB, LP (Arax Investment Partners) | Limited Partnership Interest2026-03-310001911066R Chapel Avenue Holdings Co-Invest UB, LP | Partnership Interests2026-03-310001911066Starlight Co-Invest LP (Sedgwick Claims Management Services) | Partnership Interests2026-03-310001911066us-gaap:EquitySecuritiesMemberncpif:BankingFinanceInsuranceRealEstateMember2026-03-310001911066Lonestar Polaris Topco, LP | Class A Units2026-03-310001911066Marlin Coinvest LP (Fortune International LLC) | Limited Partnership Interests2026-03-310001911066MidOcean Partners QT Co-Invest, L.P. (QualiTech) | Class A Units2026-03-310001911066SW Ingredients LLC (Spice World) | Common Equity2026-03-310001911066Sugar PPC FT Investor LLC (Sugar Foods) | Parent Units2026-03-310001911066VCP Tech24 Co-Invest Aggregator LP (Tech24) | Company Unit2026-03-310001911066WPP Fairway Aggregator B, L.P (Fresh Edge) | Class B Common Units 12026-03-310001911066WPP Fairway Aggregator B, L.P (Fresh Edge) | Class A Preferred Units2026-03-310001911066us-gaap:EquitySecuritiesMemberncpif:BeverageFoodTobaccoMember2026-03-310001911066ATL GSE Holdings, LP | Class A Common Units2026-03-310001911066EFC Holdings, LLC (EFC International) | Class A Common Units2026-03-310001911066EFC Holdings, LLC (EFC International) | Class A Preferred Units2026-03-310001911066E-Tech Holdings Partnership, L.P. (E-Technologies Group, Inc.) | Partner Interests2026-03-310001911066us-gaap:EquitySecuritiesMemberncpif:CapitalEquipmentMember2026-03-310001911066Meyer Lab Aggregator LP | Units2026-03-310001911066New Spartech Holdings LLC | Common Units2026-03-310001911066us-gaap:EquitySecuritiesMemberncpif:ChemicalsPlasticsRubberMember2026-03-310001911066GreyLion TGNL Holdings | Limited Partnership Interests2026-03-310001911066Oceansound Partners Co-Invest II, LP (Gannett Fleming) | Series F interests2026-03-310001911066OSP Gannett Aggregator, LP (Gannett Fleming) | Class A Interests2026-03-310001911066RPI Investments LP (Rose Paving) | Class A Units2026-03-310001911066Trench Plate Rental Co. (Trench Safety Solutions Holdings, LLC) | Common Equity2026-03-310001911066Trench Safety Solutions Holdings, LLC | Preferred units2026-03-310001911066us-gaap:EquitySecuritiesMemberncpif:ConstructionBuildingMember2026-03-310001911066LH Equity Investors, L.P. | Limited Partnership Interests2026-03-310001911066us-gaap:EquitySecuritiesMemberncpif:ConsumerGoodsDurableMember2026-03-310001911066FBG Holdings LLC | Common Units2026-03-310001911066Hermod Co-Invest, LP | Common Units2026-03-310001911066RVGD Aggregator LP (Revision Skincare) | Common Equity2026-03-310001911066Showtime Co-Investors LLC (WCI Holdings, LLC) | Class A1 Units2026-03-310001911066Ultima Health Holdings, LLC | Preferred units2026-03-310001911066us-gaap:EquitySecuritiesMemberncpif:ConsumerGoodsNonDurableMember2026-03-310001911066Oliver Investors, LP (Oliver Packaging) | Class A Units2026-03-310001911066Oliver Investors, LP (Oliver Packaging) | Class A Common Units2026-03-310001911066PG Aggregator, LLC (Pacur) | LLC Units2026-03-310001911066us-gaap:EquitySecuritiesMemberncpif:ContainersPackagingAndGlassMember2026-03-310001911066NYBG Holdings, LLC | Class A Common Units2026-03-310001911066HMA Equity, LP (Health Management Associates) | AA Equity Co-Invest2026-03-310001911066KLC Fund 1222-CI LP (Spectrum Science) | Partnership Interests2026-03-310001911066NP/BF Holdings, L.P. | AA Equity Co-Invest2026-03-310001911066RCP Nats Co-Investment Fund LP | LP Interests2026-03-310001911066VSC Specialty Molding Holdings LLC | LP Interests2026-03-310001911066WE Select Fund 3, L.P. | Limited Partnership Interests2026-03-310001911066us-gaap:EquitySecuritiesMemberncpif:HealthcareAndPharmaceuticalsMember2026-03-310001911066GNX HBS Holdings, LLC | Limited Partnership Interests2026-03-310001911066GrowthCurve Capital Nexus Co-Invest LP (Netchex) | Limited Partnership Interests2026-03-310001911066Three Rivers Co-Investment, L.P. | Limited Partnership Interests2026-03-310001911066us-gaap:EquitySecuritiesMemberncpif:HighTechIndustriesMember2026-03-310001911066BroadcastMed Holdco, LLC | Series A-3 Preferred Units2026-03-310001911066us-gaap:EquitySecuritiesMemberncpif:MediaDiversifiedProductionMember2026-03-310001911066BayPine Monarch Co-Invest, LP | Limited Partnership Interests2026-03-310001911066Certus NDT Group Holdings, LLC | Class A Units2026-03-310001911066Coalesce Diamond Coinvest, L.P. | Limited Partner Interests2026-03-310001911066COP Village Green Investment, LLC (Village Green Holding) | Class A Units2026-03-310001911066Crimson FLS TopCo, L.P. | Class A Common Units2026-03-310001911066CV Holdco, LLC (Class Valuation) | Class A Common Units2026-03-310001911066FCP-Cranium Holdings, LLC (Brainlabs) | Class A Common Shares2026-03-310001911066FCP-Cranium Holdings, LLC (Brainlabs) | Class A Preferred Shares2026-03-310001911066FCP-Cranium Holdings, LLC (Brainlabs) | Class B Preferred Shares2026-03-310001911066Geds Equity Investors, LP (Esquire Deposition Services) | Class A Limited Partnership Units2026-03-310001911066Harvest Group Topco Holdings, LP | Class A Common Units2026-03-310001911066Harvest Group Topco Holdings, LP | Preferred Units2026-03-310001911066KKEMP Blocked Co-Invest, LP | Limited Partnership Interests2026-03-310001911066Kofile, Inc. | Common Equity2026-03-310001911066KRIV Co-Invest Holdings, L.P. (Riveron) | Class A Units2026-03-310001911066Kwol Co-Invest LP (Worldwide Clinical Trials) | Class A Interests2026-03-310001911066M&S Group Holdings,LLC | Common Equity2026-03-310001911066NMS VONA Case Management Acquisition, LP | Class A Interests2026-03-310001911066NMSEF II Holdings I, L.P. | Limited Partnership Interests2026-03-310001911066PN Topco L.P. | Class A Units2026-03-310001911066Rocket Ultimate LP | Class A Units2026-03-310001911066Safety First Topco, L.P. (Smith System) | Common Units2026-03-310001911066Schill Blocker Agg, LLC | Limited Partnership Interests2026-03-310001911066SkyKnight Financial Holdings LP | Partnership Interests2026-03-310001911066STech Investors, LP | Class A Units2026-03-310001911066TL Voltron TopCo, L.P. | Class A-2 Units2026-03-310001911066Uplift Investors Finch Co-Invest Fund, LP | Interests2026-03-310001911066us-gaap:EquitySecuritiesMemberncpif:ServicesBusinessMember2026-03-310001911066ACS Celsius Aggregator LP (AirX Climate Solutions Company) | Partnership Interests2026-03-310001911066CHS Investors, LLC | Class A Units2026-03-310001911066Entomo Brands Acquisitions, Inc. (Palmetto Exterminators) | Class A Units2026-03-310001911066FS NU Investors, LP (NearU) | Class A Units2026-03-310001911066Legacy Parent Holdings, LLC (Legacy Service Partners) | Class B-2 Units2026-03-310001911066Legacy Parent Holdings, LLC (Legacy Service Partners) | Class B Units 22026-03-310001911066us-gaap:EquitySecuritiesMemberus-gaap:ConsumerSectorMember2026-03-310001911066CMP Ren Partners I-A LP (LMI Consulting, LLC) | Limited Partnership Interests2026-03-310001911066us-gaap:EquitySecuritiesMemberncpif:SovereignAndPublicFinanceMember2026-03-310001911066Arise Holdings, Inc. | Class A-1 Units2026-03-310001911066us-gaap:EquitySecuritiesMemberncpif:TelecommunicationsMember2026-03-310001911066Helios Aggregator Holdings I LP (Pinnacle Supply Partners, LLC) | Common Units2026-03-310001911066us-gaap:EquitySecuritiesMemberncpif:UtilitiesElectricMember2026-03-310001911066USAW Parent LLC (USA Water) | Common Units2026-03-310001911066us-gaap:EquitySecuritiesMemberncpif:UtilitiesWaterMember2026-03-310001911066Lettermen's Parent Holding, LLC | Common Units 12026-03-310001911066Lettermen's Parent Holding, LLC | Common Units 22026-03-310001911066New Era Technology, LLC | Preferred Equity2026-03-310001911066New Era Technology, LLC | Common Equity2026-03-310001911066Solaray, LLC | Series A Common Stock2026-03-310001911066Solaray, LLC | Series A Preferred Stock2026-03-310001911066Solaray, LLC | Series A-1 Preferred Stock2026-03-310001911066Solaray, LLC | Series B-1 Preferred Stock2026-03-310001911066us-gaap:EquitySecuritiesMemberncpif:WholesaleMember2026-03-310001911066us-gaap:EquitySecuritiesMember2026-03-310001911066BlackRock Liquidity Funds T-Fund Institutional Class2026-03-310001911066First American Government Obligations Fund - Class Z2026-03-310001911066One Month SOFR2026-03-310001911066Three Month SOFR2026-03-310001911066Six Month SOFR2026-03-310001911066Twelve Month SOFR2026-03-310001911066ncpif:RestrictedSecurityMember2026-03-310001911066ncpif:QualifyingAssetsMember2026-03-310001911066ncpif:NonQualifyingAssetsMember2026-03-310001911066AIM Acquisition, LLC | First Lien Debt2025-12-310001911066ERA Industries, LLC (BTX Precision) | First Lien Debt 12025-12-310001911066ERA Industries, LLC (BTX Precision) | First Lien Debt (Delayed Draw) 12025-12-310001911066ERA Industries, LLC (BTX Precision) | First Lien Debt (Delayed Draw) 22025-12-310001911066ERA Industries, LLC (BTX Precision) | First Lien Debt 22025-12-310001911066PAG Holding Corp. (Precision Aviation Group) | First Lien Debt2025-12-310001911066PAG Holding Corp. (Precision Aviation Group) | First Lien Debt (Delayed Draw)2025-12-310001911066Turbine Engine Specialists, Inc. | Subordinated Debt 12025-12-310001911066Turbine Engine Specialists, Inc. | Subordinated Debt 22025-12-310001911066us-gaap:DebtSecuritiesMemberncpif:AerospaceAndDefenseMember2025-12-310001911066Adient Global Holdings | First Lien Debt2025-12-310001911066Allison Transmission, Inc. | First Lien Debt2025-12-310001911066Cool Buyer, Inc. (Universal Air Conditioner, L.L.C.) | Subordinated Debt (Delayed Draw)2025-12-310001911066Cool Buyer, Inc. (Universal Air Conditioner, L.L.C.) | Subordinated Debt2025-12-310001911066Mitchell International Inc. | First Lien Debt2025-12-310001911066Randys Holdings, Inc. (Randy's Worldwide Automotive) | First Lien Debt 12025-12-310001911066Randys Holdings, Inc. (Randy's Worldwide Automotive) | First Lien Debt (Delayed Draw) 12025-12-310001911066Randys Holdings, Inc. (Randy's Worldwide Automotive) | First Lien Debt 22025-12-310001911066Randys Holdings, Inc. (Randy's Worldwide Automotive) | First Lien Debt (Delayed Draw) 22025-12-310001911066us-gaap:DebtSecuritiesMemberus-gaap:AutomotiveSectorMember2025-12-310001911066Alliant Holdings Intermediate, LLC | First Lien Debt2025-12-310001911066Aprio Advisory Group, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Aprio Advisory Group, LLC | Revolving Loan2025-12-310001911066Subordinated Debt (Delayed Draw)2025-12-310001911066Arax MidCo, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Arax MidCo, LLC | First Lien Debt2025-12-310001911066Ascend Partner Services LLC | First Lien Debt2025-12-310001911066Ascend Partner Services LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Asurion, LLC (fka Asurion Corporation) | First Lien Debt2025-12-310001911066Big Apple Advisory, LLC | Revolving Loan2025-12-310001911066Big Apple Advisory, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Big Apple Advisory, LLC | First Lien Debt2025-12-310001911066Bishop Street Underwriters LLC | First Lien Debt2025-12-310001911066Bishop Street Underwriters LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Broadstreet Partners, Inc. | First Lien Debt2025-12-310001911066Chicago US Midco III, LP | First Lien Debt (Delayed Draw)2025-12-310001911066Chicago US Midco III, LP | First Lien Debt2025-12-310001911066Cohen Advisory, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Cohen Advisory, LLC | First Lien Debt2025-12-310001911066Cohnreznick Advisory LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Cohnreznick Advisory LLC | First Lien Debt2025-12-310001911066Knight AcquireCo, LLC | First Lien Debt2025-12-310001911066Knight AcquireCo, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Patriot Growth Insurance Services, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Ryan Specialty Group, LLC | First Lien Debt2025-12-310001911066Sedgwick Claims Management Services, Inc. | First Lien Debt2025-12-310001911066Smith & Howard Advisory LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Smith & Howard Advisory LLC | First Lien Debt2025-12-310001911066Trucordia (PCF Insurance Services of the West) | First Lien Debt2025-12-310001911066Truist Insurance Holdings LLC | First Lien Debt2025-12-310001911066Vensure Employer Services, Inc. | First Lien Debt2025-12-310001911066Vensure Employer Services, Inc. | First Lien Debt (Delayed Draw)2025-12-310001911066us-gaap:DebtSecuritiesMemberncpif:BankingFinanceInsuranceRealEstateMember2025-12-310001911066AmerCareRoyal, LLC | First Lien Debt2025-12-310001911066AmerCareRoyal, LLC | First Lien Debt (Delayed Draw) 12025-12-310001911066AmerCareRoyal, LLC | First Lien Debt (Delayed Draw) 22025-12-310001911066BCPE North Star US Holdco 2, Inc. (Dessert Holdings) | Subordinated Debt2025-12-310001911066BCPE North Star US Holdco 2, Inc. (Dessert Holdings) | First Lien Debt2025-12-310001911066Commercial Bakeries Corp. | First Lien Debt 12025-12-310001911066Commercial Bakeries Corp. | First Lien Debt 22025-12-310001911066Commercial Bakeries Corp. | First Lien Debt 32025-12-310001911066Commercial Bakeries Corp. | First Lien Debt 42025-12-310001911066FoodScience, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066FoodScience, LLC | First Lien Debt2025-12-310001911066Fortune International, LLC | First Lien Debt2025-12-310001911066Froneri International Limited | First Lien Debt2025-12-310001911066IF&P Holding Company, LLC (Fresh Edge) | Subordinated Debt2025-12-310001911066Naturpak PPC Buyer LLC | First Lien Debt2025-12-310001911066Naturpak PPC Buyer LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Palmetto Acquisitionco, Inc. (Tech24) | First Lien Debt2025-12-310001911066Palmetto Acquisitionco, Inc. (Tech24) | First Lien Debt (Delayed Draw)2025-12-310001911066Refresh Buyer, LLC (Sunny Sky Products) | First Lien Debt2025-12-310001911066Refresh Buyer, LLC (Sunny Sky Products) | First Lien Debt (Delayed Draw)2025-12-310001911066Refresco (Pegasus Bidco BV) | First Lien Debt2025-12-310001911066Sugar PPC Buyer LLC (Sugar Foods) | First Lien Debt2025-12-310001911066Sugar PPC Buyer LLC (Sugar Foods) | First Lien Debt (Delayed Draw) 12025-12-310001911066Sugar PPC Buyer LLC (Sugar Foods) | First Lien Debt (Delayed Draw) 22025-12-310001911066Watermill Express, LLC | First Lien Debt (Delayed Draw) 12025-12-310001911066Watermill Express, LLC | First Lien Debt 12025-12-310001911066Watermill Express, LLC | First Lien Debt (Delayed Draw) 22025-12-310001911066Watermill Express, LLC | First Lien Debt 22025-12-310001911066us-gaap:DebtSecuritiesMemberncpif:BeverageFoodTobaccoMember2025-12-310001911066Clean Solutions Buyer, Inc. | First Lien Debt2025-12-310001911066Engineered Fastener Company, LLC (EFC International) | Subordinated Debt2025-12-310001911066FirstCall Mechanical Group, LLC | First Lien Debt2025-12-310001911066FirstCall Mechanical Group, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Hayward Industries, Inc. | First Lien Debt2025-12-310001911066Hyperion Materials & Technologies, Inc. | First Lien Debt2025-12-310001911066Jetson Buyer, Inc. (E-Technologies Group, Inc.) | First Lien Debt2025-12-310001911066Johnson Controls Inc (aka Power Solutions) | First Lien Debt 12025-12-310001911066Johnson Controls Inc (aka Power Solutions) | First Lien Debt 22025-12-310001911066Johnstone Supply | First Lien Debt2025-12-310001911066Madison Safety & Flow LLC | First Lien Debt2025-12-310001911066Motion & Control Enterprises LLC | First Lien Debt 12025-12-310001911066Motion & Control Enterprises LLC | First Lien Debt 22025-12-310001911066Motion & Control Enterprises LLC | First Lien Debt (Delayed Draw) 12025-12-310001911066Motion & Control Enterprises LLC | First Lien Debt (Delayed Draw) 22025-12-310001911066Ovation Holdings, Inc | First Lien Debt (Delayed Draw) 12025-12-310001911066Ovation Holdings, Inc | First Lien Debt 12025-12-310001911066Ovation Holdings, Inc | First Lien Debt 22025-12-310001911066Ovation Holdings, Inc | First Lien Debt (Delayed Draw) 22025-12-310001911066PT Intermediate Holdings III, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066PT Intermediate Holdings III, LLC | First Lien Debt2025-12-310001911066Rhino Intermediate Holding Company, LLC (Rhino Tool House) | First Lien Debt2025-12-310001911066Rhino Intermediate Holding Company, LLC (Rhino Tool House) | First Lien Debt (Delayed Draw)2025-12-310001911066SkyMark Refuelers, LLC | First Lien Debt2025-12-310001911066SkyMark Refuelers, LLC | First Lien Debt (Delayed Draw) 12025-12-310001911066SkyMark Refuelers, LLC | First Lien Debt (Delayed Draw) 22025-12-310001911066Southern Air & Heat Holdings, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Southern Air & Heat Holdings, LLC | First Lien Debt2025-12-310001911066Thermostat Purchaser III, Inc. | First Lien Debt (Delayed Draw)2025-12-310001911066Thermostat Purchaser III, Inc. | First Lien Debt2025-12-310001911066USA Industries Holdings LLC | First Lien Debt2025-12-310001911066USA Industries Holdings LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Vessco Midco Holdings, LLC | First Lien Debt2025-12-310001911066Vessco Midco Holdings, LLC | Revolving Loan2025-12-310001911066Vessco Midco Holdings, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066us-gaap:DebtSecuritiesMemberncpif:CapitalEquipmentMember2025-12-310001911066Akzo Nobel Speciality (aka Starfruit US Holdco LLC) | First Lien Debt2025-12-310001911066Chroma Color Corporation | First Lien Debt2025-12-310001911066Chroma Color Corporation | First Lien Debt (Delayed Draw)2025-12-310001911066Ineos Composites (Fortis 333 Inc) | First Lien Debt2025-12-310001911066New Spartech Holdings LLC | First Lien Debt 12025-12-310001911066New Spartech Holdings LLC | First Lien Debt 22025-12-310001911066Solstice Advanced Materials Inc. | First Lien Debt2025-12-310001911066Tangent Technologies Acquisition, LLC | First Lien Debt2025-12-310001911066Univar Solutions USA Inc. | First Lien Debt2025-12-310001911066USALCO | First Lien Debt (Delayed Draw)2025-12-310001911066USALCO | First Lien Debt2025-12-310001911066WCI-Momentum Bidco, LLC | First Lien Debt2025-12-310001911066WCI-Momentum Bidco, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066us-gaap:DebtSecuritiesMemberncpif:ChemicalsPlasticsRubberMember2025-12-310001911066APi Group DE Inc. | First Lien Debt2025-12-310001911066Centuri Group, Inc. | First Lien Debt2025-12-310001911066Cobalt Service Partners, LLC | First Lien Debt2025-12-310001911066Cobalt Service Partners, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Gannett Fleming, Inc. | First Lien Debt2025-12-310001911066Gannett Fleming, Inc. | Revolving Loan2025-12-310001911066Gulfside Supply | First Lien Debt2025-12-310001911066Heartland Paving Partners, LLC | First Lien Debt2025-12-310001911066Heartland Paving Partners, LLC | First Lien Debt (Delayed Draw) 12025-12-310001911066Heartland Paving Partners, LLC | First Lien Debt (Delayed Draw) 22025-12-310001911066Hyphen Solutions, LLC | First Lien Debt2025-12-310001911066Hyphen Solutions, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066ICE USA Infrastructure, Inc. | First Lien Debt 12025-12-310001911066ICE USA Infrastructure, Inc. | First Lien Debt 22025-12-310001911066Java Buyer, Inc. (Sciens Building Solutions, LLC) | First Lien Debt (Delayed Draw)2025-12-310001911066Java Buyer, Inc. (Sciens Building Solutions, LLC) | First Lien Debt2025-12-310001911066MEI Buyer LLC | First Lien Debt (Delayed Draw) 12025-12-310001911066MEI Buyer LLC | First Lien Debt2025-12-310001911066MEI Buyer LLC | First Lien Debt (Delayed Draw) 22025-12-310001911066Quikrete Holdings, Inc. | First Lien Debt 12025-12-310001911066Quikrete Holdings, Inc. | First Lien Debt 22025-12-310001911066Rose Paving, LLC | Subordinated Debt (Delayed Draw)2025-12-310001911066Rose Paving, LLC | Subordinated Debt2025-12-310001911066SCIC Buyer, Inc. | First Lien Debt (Delayed Draw)2025-12-310001911066SCIC Buyer, Inc. | First Lien Debt2025-12-310001911066Thyssenkrupp Elevator (Vertical US Newco Inc) | First Lien Debt2025-12-310001911066Vertex Service Partners, LLC | First Lien Debt (Delayed Draw) 12025-12-310001911066Vertex Service Partners, LLC | First Lien Debt2025-12-310001911066Vertex Service Partners, LLC | First Lien Debt (Delayed Draw) 22025-12-310001911066WSB Engineering Holdings Inc. | First Lien Debt (Delayed Draw) 12025-12-310001911066WSB Engineering Holdings Inc. | First Lien Debt2025-12-310001911066WSB Engineering Holdings Inc. | First Lien Debt (Delayed Draw) 22025-12-310001911066us-gaap:DebtSecuritiesMemberncpif:ConstructionBuildingMember2025-12-310001911066Callaway Golf Company | First Lien Debt2025-12-310001911066DRS Holdings III, Inc. | First Lien Debt2025-12-310001911066MITER Brands (MIWD Holdco II LLC) | First Lien Debt2025-12-310001911066Momentum Textiles, LLC | Subordinated Debt2025-12-310001911066NMC Skincare Intermediate Holdings II, LLC | First Lien Debt2025-12-310001911066Recess Holdings, Inc. | First Lien Debt2025-12-310001911066XpressMyself.com LLC (SmartSign) | First Lien Debt 12025-12-310001911066XpressMyself.com LLC (SmartSign) | First Lien Debt 22025-12-310001911066us-gaap:DebtSecuritiesMemberncpif:ConsumerGoodsDurableMember2025-12-310001911066Bradford Soap International, Inc. | First Lien Debt2025-12-310001911066Bradford Soap International, Inc. | First Lien Debt (Delayed Draw)2025-12-310001911066FoodServices Brand Group, LLC | Subordinated Debt2025-12-310001911066Image International Intermediate Holdco II, LLC | First Lien Debt 12025-12-310001911066Image International Intermediate Holdco II, LLC | First Lien Debt 22025-12-310001911066KL Bronco Acquisition, Inc. (Elevation Labs) | First Lien Debt2025-12-310001911066KL Bronco Acquisition, Inc. (Elevation Labs) | First Lien Debt (Delayed Draw)2025-12-310001911066MPG Parent Holdings, LLC (Market Performance Group) | First Lien Debt (Delayed Draw) 12025-12-310001911066MPG Parent Holdings, LLC (Market Performance Group) | First Lien Debt2025-12-310001911066MPG Parent Holdings, LLC (Market Performance Group) | First Lien Debt (Delayed Draw) 22025-12-310001911066Perrigo Investments | First Lien Debt2025-12-310001911066Revision Buyer LLC (Revision Skincare) | Subordinated Debt2025-12-310001911066us-gaap:DebtSecuritiesMemberncpif:ConsumerGoodsNonDurableMember2025-12-310001911066Belron Finance US LLC | First Lien Debt2025-12-310001911066Novolex (Clydesdale Acquisition Holdings Inc) | First Lien Debt2025-12-310001911066Oliver Packaging, LLC | Subordinated Debt 12025-12-310001911066Oliver Packaging, LLC | Subordinated Debt 22025-12-310001911066Online Labels Group, LLC | First Lien Debt2025-12-310001911066Online Labels Group, LLC | First Lien Debt (Delayed Draw) 12025-12-310001911066Online Labels Group, LLC | First Lien Debt (Delayed Draw) 22025-12-310001911066Performance Packaging Buyer, LLC | First Lien Debt2025-12-310001911066ProAmpac PG Borrower LLC | First Lien Debt2025-12-310001911066us-gaap:DebtSecuritiesMemberncpif:ContainersPackagingAndGlassMember2025-12-310001911066Covanta Energy Corp | First Lien Term Loan 12025-12-310001911066Covanta Energy Corp | First Lien Term Loan 22025-12-310001911066Matador US Buyer, LLC (Insulation Technology Group) | First Lien Term Loan2025-12-310001911066Matador US Buyer, LLC (Insulation Technology Group) | First Lien Debt (Delayed Draw)2025-12-310001911066Tinicum Voltage Acquisition Corp. | First Lien Debt2025-12-310001911066us-gaap:DebtSecuritiesMemberncpif:EnergyElectricityMember2025-12-310001911066Allredi, LLC (Abrasive Products and Equipment) | Subordinated Debt 12025-12-310001911066Allredi, LLC (Abrasive Products and Equipment) | Subordinated Debt 22025-12-310001911066us-gaap:DebtSecuritiesMemberncpif:EnergyOilGasMember2025-12-310001911066CLS Management Services, LLC (Contract Land Staff) | First Lien Debt2025-12-310001911066CLS Management Services, LLC (Contract Land Staff) | First Lien Debt (Delayed Draw) 12025-12-310001911066CLS Management Services, LLC (Contract Land Staff) | First Lien Debt (Delayed Draw) 22025-12-310001911066Covanta Energy Corp | First Lien Debt 12025-12-310001911066Covanta Energy Corp | First Lien Debt 22025-12-310001911066Impact Parent Corporation (Impact Environmental Group) | First Lien Debt (Delayed Draw) 12025-12-310001911066Impact Parent Corporation (Impact Environmental Group) | First Lien Debt (Delayed Draw) 22025-12-310001911066Impact Parent Corporation (Impact Environmental Group) | First Lien Debt 12025-12-310001911066Impact Parent Corporation (Impact Environmental Group) | First Lien Debt 22025-12-310001911066Impact Parent Corporation (Impact Environmental Group) | First Lien Debt 32025-12-310001911066Impact Parent Corporation (Impact Environmental Group) | First Lien Debt (Delayed Draw) 32025-12-310001911066Impact Parent Corporation (Impact Environmental Group) | First Lien Debt (Delayed Draw) 42025-12-310001911066LTR Intermediate Holdings, Inc. | First Lien Debt2025-12-310001911066NFM & J, L.P. (The Facilities Group) | First Lien Debt (Delayed Draw) 12025-12-310001911066NFM & J, L.P. (The Facilities Group) | First Lien Debt (Delayed Draw) 22025-12-310001911066NFM & J, L.P. (The Facilities Group) | First Lien Debt 12025-12-310001911066NFM & J, L.P. (The Facilities Group) | First Lien Debt 22025-12-310001911066Nutrition 101 Buyer, LLC (101 Inc) | First Lien Debt2025-12-310001911066Orion Group FM Holdings, LLC (Leo Facilities) | First Lien Debt 12025-12-310001911066Orion Group FM Holdings, LLC (Leo Facilities) | First Lien Debt 22025-12-310001911066Orion Group FM Holdings, LLC (Leo Facilities) | First Lien Debt (Delayed Draw) 12025-12-310001911066Orion Group FM Holdings, LLC (Leo Facilities) | First Lien Debt (Delayed Draw) 22025-12-310001911066Reworld Holding Corporation | First Lien Debt 12025-12-310001911066Reworld Holding Corporation | First Lien Debt 22025-12-310001911066SI Solutions, LLC | First Lien Debt 12025-12-310001911066SI Solutions, LLC | First Lien Debt 22025-12-310001911066SI Solutions, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066us-gaap:DebtSecuritiesMemberncpif:EnvironmentalIndustriesMember2025-12-310001911066AB Centers Acquisition Corporation (Action Behavior Centers) | First Lien Debt 12025-12-310001911066AB Centers Acquisition Corporation (Action Behavior Centers) | First Lien Debt 22025-12-310001911066AB Centers Acquisition Corporation (Action Behavior Centers) | First Lien Debt (Delayed Draw)2025-12-310001911066AB Centers Acquisition Corporation (Action Behavior Centers) | First Lien Debt 32025-12-310001911066ACP Maverick Holdings, Inc. | First Lien Debt (Delayed Draw)2025-12-310001911066ACP Maverick Holdings, Inc. | First Lien Debt2025-12-310001911066All Star Recruiting Locums, LLC (All Star Healthcare Solutions) | First Lien Debt (Delayed Draw) 12025-12-310001911066All Star Recruiting Locums, LLC (All Star Healthcare Solutions) | First Lien Debt 12025-12-310001911066All Star Recruiting Locums, LLC (All Star Healthcare Solutions) | First Lien Debt (Delayed Draw) 22025-12-310001911066All Star Recruiting Locums, LLC (All Star Healthcare Solutions) | First Lien Debt 22025-12-310001911066ARC Health OPCO, LLC | Subordinated Debt (Delayed Draw)2025-12-310001911066ARC Health OPCO, LLC | Subordinated Debt2025-12-310001911066Beantown Holdings, Inc. | First Lien Debt (Delayed Draw)2025-12-310001911066Bluebird PM Buyer, Inc. | First Lien Debt (Delayed Draw)2025-12-310001911066Bluebird PM Buyer, Inc. | First Lien Debt2025-12-310001911066Bridges Consumer Healthcare Intermediate LLC | First Lien Debt (Delayed Draw) 12025-12-310001911066Bridges Consumer Healthcare Intermediate LLC | First Lien Debt2025-12-310001911066Bridges Consumer Healthcare Intermediate LLC | First Lien Debt (Delayed Draw) 22025-12-310001911066Coding Solutions Acquisition, Inc. | First Lien Debt (Delayed Draw) 12025-12-310001911066Coding Solutions Acquisition, Inc. | First Lien Debt 12025-12-310001911066Coding Solutions Acquisition, Inc. | First Lien Debt 22025-12-310001911066Coding Solutions Acquisition, Inc. | Revolving Loan2025-12-310001911066Coding Solutions Acquisition, Inc. | First Lien Debt (Delayed Draw) 22025-12-310001911066Eyesouth Eye Care Holdco LLC | First Lien Debt2025-12-310001911066Eyesouth Eye Care Holdco LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Genmab A/S | First Lien Debt2025-12-310001911066Health Management Associates, Inc. | First Lien Debt2025-12-310001911066Health Management Associates, Inc. | First Lien Debt (Delayed Draw)2025-12-310001911066Healthspan Buyer, LLC (Thorne HealthTech) | First Lien Debt 12025-12-310001911066Healthspan Buyer, LLC (Thorne HealthTech) | First Lien Debt (Delayed Draw)2025-12-310001911066Healthspan Buyer, LLC (Thorne HealthTech) | First Lien Debt 22025-12-310001911066Healthspan Buyer, LLC (Thorne HealthTech) | First Lien Debt 32025-12-310001911066Healthspan Buyer, LLC (Thorne HealthTech) | First Lien Debt 42025-12-310001911066Heartland Veterinary Partners LLC | Subordinated Debt2025-12-310001911066Heartland Veterinary Partners LLC | Subordinated Debt (Delayed Draw) 12025-12-310001911066Heartland Veterinary Partners LLC | Subordinated Debt (Delayed Draw) 22025-12-310001911066HMN Acquirer Corp. | First Lien Debt2025-12-310001911066HMN Acquirer Corp. | First Lien Debt (Delayed Draw)2025-12-310001911066Impact Advisors, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Impact Advisors, LLC | First Lien Debt2025-12-310001911066Jazz Pharmaceuticals (AKA FINANCING LUX SARL) | First Lien Debt2025-12-310001911066JKC Buyer, Inc. (J. Knipper and Company Inc) | First Lien Debt (Delayed Draw)2025-12-310001911066JKC Buyer, Inc. (J. Knipper and Company Inc) | First Lien Debt2025-12-310001911066Lavie Group, Inc. | First Lien Debt 12025-12-310001911066Lavie Group, Inc. | First Lien Debt (Delayed Draw) 12025-12-310001911066Lavie Group, Inc. | First Lien Debt (Delayed Draw) 22025-12-310001911066Lavie Group, Inc. | First Lien Debt 22025-12-310001911066Medline (AKA Mozart Borrower LP) | First Lien Debt 12025-12-310001911066Medline (AKA Mozart Borrower LP) | First Lien Debt 22025-12-310001911066New You Bariatric Group, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066New You Bariatric Group, LLC | First Lien Debt2025-12-310001911066Organon & Co | First Lien Debt2025-12-310001911066Performance Health Holdings, Inc | First Lien Debt2025-12-310001911066Promptcare Infusion Buyer, Inc. | First Lien Debt (Delayed Draw)2025-12-310001911066Promptcare Infusion Buyer, Inc. | First Lien Debt2025-12-310001911066Southern Veterinary Partners, LLC | First Lien Debt2025-12-310001911066TBRS, Inc. | First Lien Debt (Delayed Draw)2025-12-310001911066TBRS, Inc. | Revolving Loan2025-12-310001911066TBRS, Inc. | First Lien Debt2025-12-310001911066Tidi Legacy Products, Inc. | First Lien Debt2025-12-310001911066Tidi Legacy Products, Inc. | First Lien Debt (Delayed Draw)2025-12-310001911066VMG Holdings LLC (VMG Health) | First Lien Debt (Delayed Draw)2025-12-310001911066VMG Holdings LLC (VMG Health) | First Lien Debt 12025-12-310001911066VMG Holdings LLC (VMG Health) | First Lien Debt 22025-12-310001911066VSC Specialty Molding Acquisition LLC | First Lien Debt2025-12-310001911066VSC Specialty Molding Acquisition LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Wellspring Pharmaceutical Corporation | First Lien Debt 12025-12-310001911066Wellspring Pharmaceutical Corporation | First Lien Debt 22025-12-310001911066Wellspring Pharmaceutical Corporation | First Lien Debt (Delayed Draw)2025-12-310001911066YI, LLC (Young Innovations) | First Lien Debt2025-12-310001911066us-gaap:DebtSecuritiesMemberncpif:HealthcareAndPharmaceuticalsMember2025-12-310001911066Ahead DB Holdings, LLC (Ahead Data Blue LLC) | First Lien Debt2025-12-310001911066BMC Software, Inc. | First Lien Debt2025-12-310001911066CLEARWATER ANALYTICS LLC | First Lien Debt2025-12-310001911066Diligent Corporation (fka Diamond Merger Sub II, Corp.) | First Lien Debt 12025-12-310001911066Diligent Corporation (fka Diamond Merger Sub II, Corp.) | First Lien Debt 22025-12-310001911066First Lien Debt (Delayed Draw)2025-12-310001911066Dragon Buyer, Inc. (NCR Voyix) | First Lien Debt2025-12-310001911066Eliassen Group, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Eliassen Group, LLC | First Lien Debt2025-12-310001911066Emburse, Inc. | First Lien Debt2025-12-310001911066Emburse, Inc. | First Lien Debt (Delayed Draw)2025-12-310001911066Emburse, Inc. | Revolving Loan2025-12-310001911066Ensono, Inc. | First Lien Debt2025-12-310001911066Exterro, Inc. | First Lien Debt (Delayed Draw)2025-12-310001911066Exterro, Inc. | First Lien Debt2025-12-310001911066GNX HBS PARENT, LLC2025-12-310001911066GNX HBS PARENT, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066GS AcquisitionCo, Inc. | First Lien Debt2025-12-310001911066Icon Parent I Inc. | First Lien Debt2025-12-310001911066Infobase Acquisition, Inc. | First Lien Debt2025-12-310001911066Javelin Buyer, Inc. | Subordinated Debt2025-12-310001911066Javelin Buyer, Inc. | First Lien Debt2025-12-310001911066Mermaid Bidco Inc. | First Lien Debt2025-12-310001911066MKS INSTRUMENTS INC | First Lien Debt2025-12-310001911066Ping Identity Holding Corp. | First Lien Debt2025-12-310001911066PointClickCare Technologies | First Lien Debt2025-12-310001911066Project Alpha Intermediate Holding, Inc. | First Lien Debt2025-12-310001911066Qnity Electronics, Inc. | First Lien Debt2025-12-310001911066Quartz Holding Company (Quickbase) | First Lien Debt2025-12-310001911066QXO Building Products, Inc. | First Lien Debt2025-12-310001911066Ridge Trail US Bidco, Inc. (Options IT) | First Lien Debt2025-12-310001911066Ridge Trail US Bidco, Inc. (Options IT) | Revolving Loan2025-12-310001911066Ridge Trail US Bidco, Inc. (Options IT) | First Lien Debt (Delayed Draw)2025-12-310001911066Specialist Resources Global Inc. | First Lien Debt2025-12-310001911066Specialist Resources Global Inc. | First Lien Debt (Delayed Draw) 12025-12-310001911066Specialist Resources Global Inc. | First Lien Debt (Delayed Draw) 22025-12-310001911066Stratix Holding Corporation | First Lien Debt 12025-12-310001911066Stratix Holding Corporation | First Lien Debt 22025-12-310001911066VALIDITY INC | First Lien Debt2025-12-310001911066Venture Buyer, LLC (Velosio) | First Lien Debt2025-12-310001911066Venture Buyer, LLC (Velosio) | First Lien Debt (Delayed Draw)2025-12-310001911066Waystar Technologies, Inc. | First Lien Debt2025-12-310001911066Worldpay (GTCR W Merger Sub LLC) | First Lien Debt2025-12-310001911066II-VI INCORPORATED | First Lien Debt2025-12-310001911066us-gaap:DebtSecuritiesMemberncpif:HighTechIndustriesMember2025-12-310001911066Cinemark USA, Inc. | First Lien Debt2025-12-310001911066Davidson Hotel Company LLC | First Lien Debt2025-12-310001911066Davidson Hotel Company LLC | First Lien Debt (Delayed Draw)2025-12-310001911066TKO Worldwide Holdings, LLC | First Lien Debt2025-12-310001911066us-gaap:DebtSecuritiesMemberncpif:HotelGamingAndLeisureMember2025-12-310001911066Calienger Acquisition, L.L.C. (Wpromote, LLC) | First Lien Term Loan2025-12-310001911066Thomson Reuters IP & S (AKA Clarivate / Camelot Finance SA) | First Lien Term Loan2025-12-310001911066Viking Buyer, LLC (Vanguard Packaging LLC) | First Lien Term Loan2025-12-310001911066VS Professional Training Acquisitionco, LLC | First Lien Term Loan2025-12-310001911066us-gaap:DebtSecuritiesMemberncpif:MediaAdvertisingPrintingPublishingMember2025-12-310001911066Directv (AKA Directv Financing LLC) | First Lien Term Loan2025-12-310001911066Nexstar Broadcasting, Inc. | First Lien Term Loan2025-12-310001911066Virgin Media Investment Holdings Limited | First Lien Term Loan2025-12-310001911066Ziggo B.V. | First Lien Term Loan2025-12-310001911066us-gaap:DebtSecuritiesMemberncpif:MediaBroadcastingAndSubscriptionMember2025-12-310001911066BroadcastMed Holdco, LLC | Subordinated Debt2025-12-310001911066Creative Artists Agency, LLC | First Lien Debt2025-12-310001911066us-gaap:DebtSecuritiesMemberncpif:MediaDiversifiedProductionMember2025-12-310001911066Arsenal AIC Parent LLC(Arconic) | First Lien Debt2025-12-310001911066us-gaap:DebtSecuritiesMemberncpif:MetalsAndMiningMember2025-12-310001911066AG Group Holdings, Inc. (Addison Group) | First Lien Debt2025-12-310001911066Air Transport (Stonepeak Nile Parent LLC) | First Lien Debt2025-12-310001911066ALKU Intermediate Holdings, LLC | First Lien Debt2025-12-310001911066All4 Buyer, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066All4 Buyer, LLC | First Lien Debt2025-12-310001911066Allied Universal Holdco LLC (f/k/a USAGM Holdco, LLC) | First Lien Debt2025-12-310001911066Amex GBT | First Lien Debt2025-12-310001911066Archer Acquisition, LLC (ARMstrong) | First Lien Debt2025-12-310001911066Archer Acquisition, LLC (ARMstrong) | First Lien Debt (Delayed Draw)2025-12-310001911066Astra Service Partners, LLC | First Lien Debt2025-12-310001911066Astra Service Partners, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Azalea TopCo, Inc. | First Lien Debt2025-12-310001911066Bounteous, Inc. | First Lien Debt (Delayed Draw) 12025-12-310001911066Bounteous, Inc. | First Lien Debt (Delayed Draw) 22025-12-310001911066Bounteous, Inc. | First Lien Debt (Delayed Draw) 32025-12-310001911066Bounteous, Inc. | First Lien Debt 12025-12-310001911066Bounteous, Inc. | First Lien Debt 22025-12-310001911066Caldwell & Gregory LLC | Subordinated Debt2025-12-310001911066COP Village Green Acquisitions, Inc. (Village Green Holding) | Subordinated Debt2025-12-310001911066COP Village Green Acquisitions, Inc. (Village Green Holding) | Subordinated Debt (Delayed Draw)2025-12-310001911066Cornerstone Advisors of Arizona, LLC | First Lien Debt2025-12-310001911066CV Holdco, LLC (Class Valuation) | Subordinated Debt 12025-12-310001911066CV Holdco, LLC (Class Valuation) | Subordinated Debt 22025-12-310001911066Dawn Bidco, LLC | First Lien Debt2025-12-310001911066Delphi Infrastructure Group LLC | First Lien Debt2025-12-310001911066DISA Holdings Corp. (DISA Global Solutions) | First Lien Debt (Delayed Draw)2025-12-310001911066DISA Holdings Corp. (DISA Global Solutions) | First Lien Debt2025-12-310001911066Env Automation Acquisition,LLC | First Lien Debt2025-12-310001911066Env Automation Acquisition,LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Esquire Deposition Solutions, LLC | Subordinated Debt2025-12-310001911066Fleet Midco I Limited | First Lien Debt2025-12-310001911066Garda World Security Corporation | First Lien Debt2025-12-310001911066Genuine Financial Holdings LLC (HireRight) | First Lien Debt2025-12-310001911066ICON LUXEMBOURG SARL | First Lien Debt 12025-12-310001911066ICON LUXEMBOURG SARL | First Lien Debt 22025-12-310001911066ImageFirst Holdings, LLC | First Lien Debt2025-12-310001911066Ingram Micro Inc | First Lien Debt2025-12-310001911066Integrated Power Services Holdings, Inc. | First Lien Debt2025-12-310001911066Integrated Power Services Holdings, Inc. | First Lien Debt (Delayed Draw)2025-12-310001911066KENG Acquisition, Inc. (Engage PEO) | First Lien Debt2025-12-310001911066KENG Acquisition, Inc. (Engage PEO) | First Lien Debt (Delayed Draw) 12025-12-310001911066KENG Acquisition, Inc. (Engage PEO) | First Lien Debt (Delayed Draw) 22025-12-310001911066Kofile, Inc. | Subordinated Debt2025-12-310001911066KRIV Acquisition, Inc. (Riveron) | First Lien Debt (Delayed Draw)2025-12-310001911066KRIV Acquisition, Inc. (Riveron) | First Lien Debt2025-12-310001911066LRN Corporation (Lion Merger Sub, Inc.) | First Lien Debt 12025-12-310001911066LRN Corporation (Lion Merger Sub, Inc.) | First Lien Debt 22025-12-310001911066LRN Corporation (Lion Merger Sub, Inc.) | First Lien Debt 32025-12-310001911066LSCS Holdings, Inc. (Dohmen) | First Lien Debt2025-12-310001911066M&S Holdings Buyer, Inc. | First Lien Debt2025-12-310001911066M&S Holdings Buyer, Inc. | First Lien Debt (Delayed Draw)2025-12-310001911066OCM System One Buyer CTB, LLC (System One) | First Lien Debt2025-12-310001911066Olympus US Bidco LLC (Phaidon International) | First Lien Debt2025-12-310001911066OMNIA Partners, LLC | First Lien Debt2025-12-310001911066Open Text Corporation | First Lien Debt2025-12-310001911066Pioneer AcquisitionCo, LLC | First Lien Debt2025-12-310001911066PN Buyer, Inc. | First Lien Debt2025-12-310001911066PN Buyer, Inc. | First Lien Debt (Delayed Draw)2025-12-310001911066Prime Security Services Borrower, LLC | First Lien Debt2025-12-310001911066Protection One (aka Prime Security Services) | First Lien Debt2025-12-310001911066RailPros Parent, LLC | First Lien Debt2025-12-310001911066RailPros Parent, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066RailPros Parent, LLC | Revolving Loan2025-12-310001911066Redwood Services Group, LLC (Evergreen Services Group) | First Lien Debt (Delayed Draw) 12025-12-310001911066Redwood Services Group, LLC (Evergreen Services Group) | First Lien Debt2025-12-310001911066Redwood Services Group, LLC (Evergreen Services Group) | First Lien Debt (Delayed Draw) 22025-12-310001911066Resideo Funding Inc. | First Lien Debt2025-12-310001911066Safety Infrastructure Services Intermediate LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Safety Infrastructure Services Intermediate LLC | First Lien Debt2025-12-310001911066Sagebrush Buyer, LLC (Province) | First Lien Debt2025-12-310001911066Secretariat Advisors LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Secretariat Advisors LLC | First Lien Debt2025-12-310001911066Sentinel Technologies, Inc | First Lien Debt2025-12-310001911066Soliant Lower Intermediate, LLC | First Lien Debt2025-12-310001911066Syndigo LLC | First Lien Debt2025-12-310001911066Syndigo LLC | Revolving Loan2025-12-310001911066Synechron | First Lien Debt2025-12-310001911066Tau Buyer, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Tau Buyer, LLC | Revolving Loan2025-12-310001911066Tau Buyer, LLC | First Lien Debt2025-12-310001911066Tempo Acquisition, LLC | First Lien Debt2025-12-310001911066Thompson Safety LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Thompson Safety LLC | Revolving Loan2025-12-310001911066TouchTunes Music Group, LLC (TouchTunes Interactive Network) | First Lien Debt2025-12-310001911066Transit Buyer, LLC (Propark Mobility) | First Lien Debt (Delayed Draw) 12025-12-310001911066Transit Buyer, LLC (Propark Mobility) | First Lien Debt2025-12-310001911066Transit Buyer, LLC (Propark Mobility) | First Lien Debt (Delayed Draw) 22025-12-310001911066Transit Buyer, LLC (Propark Mobility) | First Lien Debt (Delayed Draw) 32025-12-310001911066Trilon Group, LLC | First Lien Debt 12025-12-310001911066Trilon Group, LLC | First Lien Debt 22025-12-310001911066Trilon Group, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066TSS Buyer, LLC (Technical Safety Services) | First Lien Debt (Delayed Draw)2025-12-310001911066TSS Buyer, LLC (Technical Safety Services) | First Lien Debt2025-12-310001911066Victors CCC Buyer LLC (CrossCountry Consulting) | First Lien Debt2025-12-310001911066Victors CCC Buyer LLC (CrossCountry Consulting) | First Lien Debt (Delayed Draw)2025-12-310001911066VSTG Intermediate Holdings, Inc. (Vistage Worldwide, Inc.) | First Lien Debt2025-12-310001911066us-gaap:DebtSecuritiesMemberncpif:ServicesBusinessMember2025-12-310001911066360 Holdco, Inc. (360 Training) | First Lien Debt2025-12-310001911066360 Holdco, Inc. (360 Training) | First Lien Debt (Delayed Draw)2025-12-310001911066ADPD Holdings LLC (NearU) | First Lien Debt2025-12-310001911066AMS Parent, LLC (All My Sons) | First Lien Debt2025-12-310001911066Apex Service Partners, LLC | First Lien Debt (Delayed Draw) 12025-12-310001911066Apex Service Partners, LLC | Revolving Loan2025-12-310001911066Apex Service Partners, LLC | First Lien Debt2025-12-310001911066Apex Service Partners, LLC | First Lien Debt (Delayed Draw) 22025-12-310001911066Apex Service Partners, LLC | First Lien Debt (Delayed Draw) 32025-12-310001911066Brightspring Health (aka Phoenix Gurantor Inc.) | First Lien Debt2025-12-310001911066Columbia Home Services LLC | Subordinated Debt (Delayed Draw)2025-12-310001911066Columbia Home Services LLC | Subordinated Debt2025-12-310001911066Entomo Brands Acquisitions, Inc. (Palmetto Exterminators) | Subordinated Debt2025-12-310001911066Entomo Brands Acquisitions, Inc. (Palmetto Exterminators) | Subordinated Debt (Delayed Draw)2025-12-310001911066Excel Fitness Consolidator LLC | First Lien Debt2025-12-310001911066Excel Fitness Consolidator LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Legacy Service Partners, LLC | First Lien Debt2025-12-310001911066Legacy Service Partners, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Legacy Service Partners, LLC | Subordinated Debt (Delayed Draw)2025-12-310001911066Legacy Service Partners, LLC | Subordinated Debt2025-12-310001911066Norton Life Lock | First Lien Debt2025-12-310001911066NS412, LLC | First Lien Debt2025-12-310001911066Perennial Services Group, LLC | First Lien Debt2025-12-310001911066Perennial Services Group, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Verscend Technologies | First Lien Debt2025-12-310001911066us-gaap:DebtSecuritiesMemberus-gaap:ConsumerSectorMember2025-12-310001911066Renaissance Buyer, LLC (LMI Consulting, LLC) | First Lien Debt2025-12-310001911066us-gaap:DebtSecuritiesMemberncpif:SovereignAndPublicFinanceMember2025-12-310001911066Arise Holdings, Inc. | First Lien Debt 12025-12-310001911066Arise Holdings, Inc. | First Lien Debt 22025-12-310001911066BCM One, Inc. | First Lien Debt (Delayed Draw)2025-12-310001911066BCM One, Inc. | First Lien Debt2025-12-310001911066Greeneden U.S. Holdings II, LLC (Genesys Telecom Holdings U.S., Inc.) | First Lien Debt2025-12-310001911066Iridium Satellite LLC | First Lien Debt2025-12-310001911066Mobile Communications America, Inc. | First Lien Debt (Delayed Draw) 12025-12-310001911066Mobile Communications America, Inc. | First Lien Debt2025-12-310001911066Mobile Communications America, Inc. | First Lien Debt (Delayed Draw) 22025-12-310001911066Sapphire Telecom, Inc. | First Lien Debt2025-12-310001911066us-gaap:DebtSecuritiesMemberncpif:TelecommunicationsMember2025-12-310001911066Armstrong Midco, LLC (Armstrong Transport Group) | Subordinated Debt2025-12-310001911066Armstrong Transport Group, LLC | Subordinated Debt2025-12-310001911066FSK Pallet Holding Corp. (Kamps Pallets) | First Lien Debt2025-12-310001911066Kenco PPC Buyer LLC | First Lien Debt2025-12-310001911066Kenco PPC Buyer LLC | First Lien Debt (Delayed Draw) 12025-12-310001911066Kenco PPC Buyer LLC | First Lien Debt (Delayed Draw) 22025-12-310001911066us-gaap:DebtSecuritiesMemberncpif:TransportationCargoMember2025-12-310001911066Air Canada | First Lien Debt2025-12-310001911066EVDR Purchaser, Inc. (Alternative Logistics Technologies Buyer, LLC) | First Lien Debt2025-12-310001911066EVDR Purchaser, Inc. (Alternative Logistics Technologies Buyer, LLC) | First Lien Debt (Delayed Draw)2025-12-310001911066United AirLines, Inc. | First Lien Debt2025-12-310001911066WestJet Airlines | First Lien Debt2025-12-310001911066us-gaap:DebtSecuritiesMemberncpif:TransportationConsumerMember2025-12-310001911066AWP Group Holdings, Inc. | First Lien Debt2025-12-310001911066AWP Group Holdings, Inc. | First Lien Debt (Delayed Draw) 12025-12-310001911066AWP Group Holdings, Inc. | First Lien Debt (Delayed Draw) 22025-12-310001911066CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc) | First Lien Debt2025-12-310001911066CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc) | Revolving Loan2025-12-310001911066CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc) | First Lien Debt (Delayed Draw)2025-12-310001911066Force Electrical Buyerco, LLC | First Lien Debt2025-12-310001911066Force Electrical Buyerco, LLC | First Lien Debt (Delayed Draw)2025-12-310001911066Industrial Air Flow Dynamics, Inc. | First Lien Debt2025-12-310001911066Industrial Air Flow Dynamics, Inc. | First Lien Debt (Delayed Draw)2025-12-310001911066KENE Acquisition, Inc. (aka Entrust) | First Lien Debt 12025-12-310001911066KENE Acquisition, Inc. (aka Entrust) | First Lien Debt 22025-12-310001911066KENE Acquisition, Inc. (aka Entrust) | First Lien Debt (Delayed Draw) 12025-12-310001911066KENE Acquisition, Inc. (aka Entrust) | First Lien Debt (Delayed Draw) 22025-12-310001911066KENE Acquisition, Inc. 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Holdco, Inc. (360 Training) - Delayed Draw Loan2026-03-310001911066360 Holdco, Inc. (360 Training) - Delayed Draw Loan2025-12-310001911066AB Centers Acquisition Corporation (Action Behavior Centers) - Delayed Draw Loan2026-03-310001911066AB Centers Acquisition Corporation (Action Behavior Centers) - Delayed Draw Loan2025-12-310001911066ACP Maverick Holdings, Inc. - Delayed Draw Loan2026-03-310001911066ACP Maverick Holdings, Inc. - Delayed Draw Loan2025-12-310001911066ACS Celsius Aggregator LP (AirX Climate Solutions Company) -2026-03-310001911066ACS Celsius Aggregator LP (AirX Climate Solutions Company) -2025-12-310001911066All Star Recruiting Locums, LLC (All Star Healthcare Solutions) - Delayed Draw Loan2026-03-310001911066All Star Recruiting Locums, LLC (All Star Healthcare Solutions) - Delayed Draw Loan2025-12-310001911066All4 Buyer, LLC - Delayed Draw Loan2026-03-310001911066All4 Buyer, LLC - Delayed Draw Loan2025-12-310001911066Alta Buyer, LLC - Revolving Loan2026-03-310001911066Alta Buyer, LLC - Revolving Loan2025-12-310001911066AmerCareRoyal, LLC - Delayed Draw Loan2026-03-310001911066AmerCareRoyal, LLC - Delayed Draw Loan2025-12-310001911066Apex Service Partners, LLC - Delayed Draw Loan2026-03-310001911066Apex Service Partners, LLC - Delayed Draw Loan2025-12-310001911066Apex Service Partners, LLC - Revolving Loan2026-03-310001911066Apex Service Partners, LLC - Revolving Loan2025-12-310001911066Aprio Advisory Group, LLC - Delayed Draw Loan2026-03-310001911066Aprio Advisory Group, LLC - Delayed Draw Loan2025-12-310001911066Aprio Advisory Group, LLC - Revolving Loan2026-03-310001911066Aprio Advisory Group, LLC - Revolving Loan2025-12-310001911066Arax Investment Partners Holdings, LLC - Delayed Draw Loan2026-03-310001911066Arax Investment Partners Holdings, LLC - Delayed Draw Loan2025-12-310001911066Arax MidCo, LLC - Delayed Draw Loan2026-03-310001911066Arax MidCo, LLC - Delayed Draw Loan2025-12-310001911066ARC Health OPCO, LLC - Delayed Draw Loan2026-03-310001911066ARC Health OPCO, LLC - Delayed Draw Loan2025-12-310001911066Archer Acquisition, LLC (ARMstrong) - Delayed Draw Loan2026-03-310001911066Archer Acquisition, LLC (ARMstrong) - Delayed Draw Loan2025-12-310001911066Arctiq, Inc. - Delayed Draw Loan2026-03-310001911066Arctiq, Inc. - Delayed Draw Loan2025-12-310001911066Ascend Partner Services LLC - Delayed Draw Loan2026-03-310001911066Ascend Partner Services LLC - Delayed Draw Loan2025-12-310001911066Astra Service Partners, LLC - Delayed Draw Loan2026-03-310001911066Astra Service Partners, LLC - Delayed Draw Loan2025-12-310001911066AWP Group Holdings, Inc. - Delayed Draw Loan2026-03-310001911066AWP Group Holdings, Inc. - Delayed Draw Loan2025-12-310001911066Beantown Holdings, Inc. - Delayed Draw Loan2026-03-310001911066Beantown Holdings, Inc. - Delayed Draw Loan2025-12-310001911066Big Apple Advisory, LLC - Delayed Draw Loan2026-03-310001911066Big Apple Advisory, LLC - Delayed Draw Loan2025-12-310001911066Big Apple Advisory, LLC - Revolving Loan2026-03-310001911066Big Apple Advisory, LLC - Revolving Loan2025-12-310001911066Bishop Street Underwriters LLC - Delayed Draw Loan2026-03-310001911066Bishop Street Underwriters LLC - Delayed Draw Loan2025-12-310001911066Bluebird PM Buyer, Inc. - Delayed Draw Loan2026-03-310001911066Bluebird PM Buyer, Inc. - Delayed Draw Loan2025-12-310001911066Bounteous, Inc. - Delayed Draw Loan2026-03-310001911066Bounteous, Inc. - Delayed Draw Loan2025-12-310001911066Bradford Soap International, Inc. - Delayed Draw Loan2026-03-310001911066Bradford Soap International, Inc. - Delayed Draw Loan2025-12-310001911066Bridges Consumer Healthcare Intermediate LLC - Delayed Draw Loan2026-03-310001911066Bridges Consumer Healthcare Intermediate LLC - Delayed Draw Loan2025-12-310001911066Canopy Service Partners, LLC -2026-03-310001911066Canopy Service Partners, LLC -2025-12-310001911066Chicago US Midco III, LP - Delayed Draw Loan2026-03-310001911066Chicago US Midco III, LP - Delayed Draw Loan2025-12-310001911066CLS Management Services, LLC (Contract Land Staff) - Delayed Draw Loan2026-03-310001911066CLS Management Services, LLC (Contract Land Staff) - Delayed Draw Loan2025-12-310001911066CMP Ren Partners I-A LP (LMI Consulting, LLC) -2026-03-310001911066CMP Ren Partners I-A LP (LMI Consulting, LLC) -2025-12-310001911066CMP Terrapin Partners II LP (Clarity Innovations, Inc.) -2026-03-310001911066CMP Terrapin Partners II LP (Clarity Innovations, Inc.) -2025-12-310001911066CMP Terrapin Partners I LP (Clarity Innovations, Inc.) -2026-03-310001911066CMP Terrapin Partners I LP (Clarity Innovations, Inc.) -2025-12-310001911066Coalesce Diamond Coinvest, L.P. -2026-03-310001911066Coalesce Diamond Coinvest, L.P. -2025-12-310001911066Cobalt Service Partners, LLC - Delayed Draw Loan2026-03-310001911066Cobalt Service Partners, LLC - Delayed Draw Loan2025-12-310001911066Coding Solutions Acquisition, Inc. - Delayed Draw Loan2026-03-310001911066Coding Solutions Acquisition, Inc. - Delayed Draw Loan2025-12-310001911066Coding Solutions Acquisition, Inc. - Revolving Loan2026-03-310001911066Coding Solutions Acquisition, Inc. - Revolving Loan2025-12-310001911066Cohen Advisory, LLC - Delayed Draw Loan2026-03-310001911066Cohen Advisory, LLC - Delayed Draw Loan2025-12-310001911066Cohnreznick Advisory LLC - Delayed Draw Loan2026-03-310001911066Cohnreznick Advisory LLC - Delayed Draw Loan2025-12-310001911066Columbia Home Services LLC - Delayed Draw Loan2026-03-310001911066Columbia Home Services LLC - Delayed Draw Loan2025-12-310001911066Cool Buyer, Inc. (Universal Air Conditioner, L.L.C.) - Delayed Draw Loan2026-03-310001911066Cool Buyer, Inc. (Universal Air Conditioner, L.L.C.) - Delayed Draw Loan2025-12-310001911066COP Village Green Acquisitions, Inc. (Village Green Holding) - Delayed Draw Loan2026-03-310001911066COP Village Green Acquisitions, Inc. (Village Green Holding) - Delayed Draw Loan2025-12-310001911066CPL Consultants, LLC - Delayed Draw Loan2026-03-310001911066CPL Consultants, LLC - Delayed Draw Loan2025-12-310001911066CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc) - Delayed Draw Loan2026-03-310001911066CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc) - Delayed Draw Loan2025-12-310001911066CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc) - Revolving Loan2026-03-310001911066CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc) - Revolving Loan2025-12-310001911066Davidson Hotel Company LLC - Delayed Draw Loan2026-03-310001911066Davidson Hotel Company LLC - Delayed Draw Loan2025-12-310001911066Diligent Corporation (fka Diamond Merger Sub II, Corp.) - Delayed Draw Loan2026-03-310001911066Diligent Corporation (fka Diamond Merger Sub II, Corp.) - Delayed Draw Loan2025-12-310001911066Emburse, Inc. - Delayed Draw Loan2026-03-310001911066Emburse, Inc. - Delayed Draw Loan2025-12-310001911066Emburse, Inc. - Revolving Loan2026-03-310001911066Emburse, Inc. - Revolving Loan2025-12-310001911066Env Automation Acquisition,LLC - Delayed Draw Loan2026-03-310001911066Env Automation Acquisition,LLC - Delayed Draw Loan2025-12-310001911066Environ Energy, LLC - Delayed Draw Loan2026-03-310001911066Environ Energy, LLC - Delayed Draw Loan2025-12-310001911066ERA Industries, LLC (BTX Precision) - Delayed Draw Loan2026-03-310001911066ERA Industries, LLC (BTX Precision) - Delayed Draw Loan2025-12-310001911066EVDR Purchaser, Inc. (Alternative Logistics Technologies Buyer, LLC) - Delayed Draw Loan2026-03-310001911066EVDR Purchaser, Inc. (Alternative Logistics Technologies Buyer, LLC) - Delayed Draw Loan2025-12-310001911066Excel Fitness Consolidator LLC - Delayed Draw Loan2026-03-310001911066Excel Fitness Consolidator LLC - Delayed Draw Loan2025-12-310001911066Exterro, Inc. - Delayed Draw Loan2026-03-310001911066Exterro, Inc. - Delayed Draw Loan2025-12-310001911066FirstCall Mechanical Group, LLC - Delayed Draw Loan2026-03-310001911066FirstCall Mechanical Group, LLC - Delayed Draw Loan2025-12-310001911066FoodScience, LLC - Delayed Draw Loan2026-03-310001911066FoodScience, LLC - Delayed Draw Loan2025-12-310001911066Force Electrical Buyerco, LLC - Delayed Draw Loan2026-03-310001911066Force Electrical Buyerco, LLC - Delayed Draw Loan2025-12-310001911066Gannett Fleming, Inc. - Revolving Loan2026-03-310001911066Gannett Fleming, Inc. - Revolving Loan2025-12-310001911066GNX HBS PARENT, LLC - Delayed Draw Loan2026-03-310001911066GNX HBS PARENT, LLC - Delayed Draw Loan2025-12-310001911066GreyLion TGNL Holdings -2026-03-310001911066GreyLion TGNL Holdings -2025-12-310001911066Health Management Associates, Inc. - Delayed Draw Loan2026-03-310001911066Health Management Associates, Inc. - Delayed Draw Loan2025-12-310001911066Heartland Paving Partners, LLC - Delayed Draw Loan2026-03-310001911066Heartland Paving Partners, LLC - Delayed Draw Loan2025-12-310001911066Hermod Co-Invest, LP -2026-03-310001911066Hermod Co-Invest, LP -2025-12-310001911066HLSG Intermediate, LLC - Delayed Draw Loan2026-03-310001911066HLSG Intermediate, LLC - Delayed Draw Loan2025-12-310001911066HMN Acquirer Corp. - Delayed Draw Loan2026-03-310001911066HMN Acquirer Corp. - Delayed Draw Loan2025-12-310001911066Hyphen Solutions, LLC - Delayed Draw Loan2026-03-310001911066Hyphen Solutions, LLC - Delayed Draw Loan2025-12-310001911066Impact Advisors, LLC - Delayed Draw Loan2026-03-310001911066Impact Advisors, LLC - Delayed Draw Loan2025-12-310001911066Impact Parent Corporation (Impact Environmental Group) - Delayed Draw Loan2026-03-310001911066Impact Parent Corporation (Impact Environmental Group) - Delayed Draw Loan2025-12-310001911066Industrial Air Flow Dynamics, Inc. - Delayed Draw Loan2026-03-310001911066Industrial Air Flow Dynamics, Inc. - Delayed Draw Loan2025-12-310001911066INS Co-Invest LP (Inszone) -2026-03-310001911066INS Co-Invest LP (Inszone) -2025-12-310001911066Integrated Power Services Holdings, Inc. - Delayed Draw Loan2026-03-310001911066Integrated Power Services Holdings, Inc. - Delayed Draw Loan2025-12-310001911066Kenco PPC Buyer LLC - Delayed Draw Loan2026-03-310001911066Kenco PPC Buyer LLC - Delayed Draw Loan2025-12-310001911066KENE Acquisition, Inc. (aka Entrust) - Delayed Draw Loan2026-03-310001911066KENE Acquisition, Inc. (aka Entrust) - Delayed Draw Loan2025-12-310001911066KENE Acquisition, Inc. (aka Entrust) - Revolving Loan2026-03-310001911066KENE Acquisition, Inc. (aka Entrust) - Revolving Loan2025-12-310001911066KL Bronco Acquisition, Inc. - Delayed Draw Loan2026-03-310001911066KL Bronco Acquisition, Inc. - Delayed Draw Loan2025-12-310001911066Knight AcquireCo, LLC - Delayed Draw Loan2026-03-310001911066Knight AcquireCo, LLC - Delayed Draw Loan2025-12-310001911066KRIV Acquisition Inc. - Revolving Loan2026-03-310001911066KRIV Acquisition Inc. - Revolving Loan2025-12-310001911066KRIV Acquisition, Inc. (Riveron) - Delayed Draw Loan2026-03-310001911066KRIV Acquisition, Inc. (Riveron) - Delayed Draw Loan2025-12-310001911066Lavie Group, Inc. - Delayed Draw Loan2026-03-310001911066Lavie Group, Inc. - Delayed Draw Loan2025-12-310001911066Legacy Service Partners, LLC - Delayed Draw Loan2026-03-310001911066Legacy Service Partners, LLC - Delayed Draw Loan2025-12-310001911066LH Equity Investors, L.P. -2026-03-310001911066LH Equity Investors, L.P. -2025-12-310001911066LJ Avalon Holdings, LLC - Delayed Draw Loan2026-03-310001911066LJ Avalon Holdings, LLC - Delayed Draw Loan2025-12-310001911066Low Voltage Holdings Inc. - Delayed Draw Loan2026-03-310001911066Low Voltage Holdings Inc. - Delayed Draw Loan2025-12-310001911066Low Voltage Holdings Inc. - Revolving Loan2026-03-310001911066Low Voltage Holdings Inc. - Revolving Loan2025-12-310001911066M&S Holdings Buyer, Inc. - Delayed Draw Loan2026-03-310001911066M&S Holdings Buyer, Inc. - Delayed Draw Loan2025-12-310001911066MEI Buyer LLC - Delayed Draw Loan2026-03-310001911066MEI Buyer LLC - Delayed Draw Loan2025-12-310001911066Mobile Communications America, Inc. - Delayed Draw Loan2026-03-310001911066Mobile Communications America, Inc. - Delayed Draw Loan2025-12-310001911066MPG Parent Holdings, LLC (Market Performance Group) - Delayed Draw Loan2026-03-310001911066MPG Parent Holdings, LLC (Market Performance Group) - Delayed Draw Loan2025-12-310001911066Naturpak PPC Buyer LLC - Delayed Draw Loan2026-03-310001911066Naturpak PPC Buyer LLC - Delayed Draw Loan2025-12-310001911066New You Bariatric Group, LLC - Delayed Draw Loan2026-03-310001911066New You Bariatric Group, LLC - Delayed Draw Loan2025-12-310001911066Online Labels Group, LLC - Delayed Draw Loan2026-03-310001911066Online Labels Group, LLC - Delayed Draw Loan2025-12-310001911066Orion Group FM Holdings, LLC (Leo Facilities) - Delayed Draw Loan2026-03-310001911066Orion Group FM Holdings, LLC (Leo Facilities) - Delayed Draw Loan2025-12-310001911066Ovation Holdings, Inc - Delayed Draw Loan2026-03-310001911066Ovation Holdings, Inc - Delayed Draw Loan2025-12-310001911066Perennial Services Group, LLC - Delayed Draw Loan2026-03-310001911066Perennial Services Group, LLC - Delayed Draw Loan2025-12-310001911066Pinnacle Supply Partners, LLC - Delayed Draw Loan2026-03-310001911066Pinnacle Supply Partners, LLC - Delayed Draw Loan2025-12-310001911066PMI (US) Bidco, Inc. - Delayed Draw Loan2026-03-310001911066PMI (US) Bidco, Inc. - Delayed Draw Loan2025-12-310001911066PN Buyer, Inc. - Delayed Draw Loan2026-03-310001911066PN Buyer, Inc. - Delayed Draw Loan2025-12-310001911066PT Intermediate Holdings III, LLC - Delayed Draw Loan2026-03-310001911066PT Intermediate Holdings III, LLC - Delayed Draw Loan2025-12-310001911066R Arax Co-Invest UB, LP (Arax Investment Partners) -2026-03-310001911066R Arax Co-Invest UB, LP (Arax Investment Partners) -2025-12-310001911066R Chapel Avenue Holdings Co-Invest UB, LP -2026-03-310001911066R Chapel Avenue Holdings Co-Invest UB, LP -2025-12-310001911066RailPros Parent, LLC - Delayed Draw Loan2026-03-310001911066RailPros Parent, LLC - Delayed Draw Loan2025-12-310001911066RailPros Parent, LLC - Revolving Loan2026-03-310001911066RailPros Parent, LLC - Revolving Loan2025-12-310001911066Randys Holdings, Inc. (Randy's Worldwide Automotive) - Delayed Draw Loan2026-03-310001911066Randys Holdings, Inc. (Randy's Worldwide Automotive) - Delayed Draw Loan2025-12-310001911066Razor Light, Inc. - Delayed Draw Loan2026-03-310001911066Razor Light, Inc. - Delayed Draw Loan2025-12-310001911066Razor Light, Inc. - Revolving Loan2026-03-310001911066Razor Light, Inc. - Revolving Loan2025-12-310001911066Redwood Services Group, LLC (Evergreen Services Group) - Delayed Draw Loan2026-03-310001911066Redwood Services Group, LLC (Evergreen Services Group) - Delayed Draw Loan2025-12-310001911066Ridge Trail US Bidco, Inc. (Options IT) - Delayed Draw Loan2026-03-310001911066Ridge Trail US Bidco, Inc. (Options IT) - Delayed Draw Loan2025-12-310001911066Ridge Trail US Bidco, Inc. (Options IT) - Revolving Loan2026-03-310001911066Ridge Trail US Bidco, Inc. (Options IT) - Revolving Loan2025-12-310001911066RMS Energy Borrower LLC - Delayed Draw Loan2026-03-310001911066RMS Energy Borrower LLC - Delayed Draw Loan2025-12-310001911066Rose Paving, LLC - Delayed Draw Loan2026-03-310001911066Rose Paving, LLC - Delayed Draw Loan2025-12-310001911066Safety Infrastructure Services Intermediate LLC - Delayed Draw Loan2026-03-310001911066Safety Infrastructure Services Intermediate LLC - Delayed Draw Loan2025-12-310001911066SCIC Buyer, Inc. - Delayed Draw Loan2026-03-310001911066SCIC Buyer, Inc. - Delayed Draw Loan2025-12-310001911066Secretariat Advisors LLC - Delayed Draw Loan2026-03-310001911066Secretariat Advisors LLC - Delayed Draw Loan2025-12-310001911066SI Solutions, LLC - Delayed Draw Loan2026-03-310001911066SI Solutions, LLC - Delayed Draw Loan2025-12-310001911066SkyKnight Financial Holdings LP -2026-03-310001911066SkyKnight Financial Holdings LP -2025-12-310001911066SkyMark Refuelers, LLC - Delayed Draw Loan2026-03-310001911066SkyMark Refuelers, LLC - Delayed Draw Loan2025-12-310001911066Smith & Howard Advisory LLC - Delayed Draw Loan2026-03-310001911066Smith & Howard Advisory LLC - Delayed Draw Loan2025-12-310001911066Specialist Resources Global Inc. - Delayed Draw Loan2026-03-310001911066Specialist Resources Global Inc. - Delayed Draw Loan2025-12-310001911066Specialty Manufacturing Holdings, LLC - Delayed Draw Loan2026-03-310001911066Specialty Manufacturing Holdings, LLC - Delayed Draw Loan2025-12-310001911066Sugar PPC Buyer LLC (Sugar Foods) - Delayed Draw Loan2026-03-310001911066Sugar PPC Buyer LLC (Sugar Foods) - Delayed Draw Loan2025-12-310001911066Syndigo LLC - Revolving Loan2026-03-310001911066Syndigo LLC - Revolving Loan2025-12-310001911066Tau Buyer, LLC - Delayed Draw Loan2026-03-310001911066Tau Buyer, LLC - Delayed Draw Loan2025-12-310001911066Tau Buyer, LLC - Revolving Loan2026-03-310001911066Tau Buyer, LLC - Revolving Loan2025-12-310001911066TBRS, Inc. - Delayed Draw Loan2026-03-310001911066TBRS, Inc. - Delayed Draw Loan2025-12-310001911066TBRS, Inc. - Revolving Loan2026-03-310001911066TBRS, Inc. - Revolving Loan2025-12-310001911066Thermostat Purchaser III, Inc. - Delayed Draw Loan2026-03-310001911066Thermostat Purchaser III, Inc. - Delayed Draw Loan2025-12-310001911066Thompson Safety LLC - Delayed Draw Loan2026-03-310001911066Thompson Safety LLC - Delayed Draw Loan2025-12-310001911066Thompson Safety LLC - Revolving Loan2026-03-310001911066Thompson Safety LLC - Revolving Loan2025-12-310001911066Transit Buyer, LLC (Propark Mobility) - Delayed Draw Loan2026-03-310001911066Transit Buyer, LLC (Propark Mobility) - Delayed Draw Loan2025-12-310001911066USA Industries Holdings LLC - Delayed Draw Loan2026-03-310001911066USA Industries Holdings LLC - Delayed Draw Loan2025-12-310001911066USA Water Intermediate Holdings, LLC - Delayed Draw Loan2026-03-310001911066USA Water Intermediate Holdings, LLC - Delayed Draw Loan2025-12-310001911066USALCO - Delayed Draw Loan2026-03-310001911066USALCO - Delayed Draw Loan2025-12-310001911066Vensure Employer Services, Inc. - Delayed Draw Loan2026-03-310001911066Vensure Employer Services, Inc. - Delayed Draw Loan2025-12-310001911066Venture Buyer, LLC (Velosio) - Delayed Draw Loan2026-03-310001911066Venture Buyer, LLC (Velosio) - Delayed Draw Loan2025-12-310001911066Vertex Service Partners, LLC - Delayed Draw Loan2026-03-310001911066Vertex Service Partners, LLC - Delayed Draw Loan2025-12-310001911066Vessco Midco Holdings, LLC - Delayed Draw Loan2026-03-310001911066Vessco Midco Holdings, LLC - Delayed Draw Loan2025-12-310001911066Vessco Midco Holdings, LLC - Revolving Loan2026-03-310001911066Vessco Midco Holdings, LLC - Revolving Loan2025-12-310001911066Victors CCC Buyer LLC - Delayed Draw Loan2026-03-310001911066Victors CCC Buyer LLC - Delayed Draw Loan2025-12-310001911066VMG Holdings LLC (VMG Health) - Delayed Draw Loan2026-03-310001911066VMG Holdings LLC (VMG Health) - Delayed Draw Loan2025-12-310001911066VSC Specialty Molding Acquisition LLC - Delayed Draw Loan2026-03-310001911066VSC Specialty Molding Acquisition LLC - Delayed Draw Loan2025-12-310001911066Watermill Express, LLC - Delayed Draw Loan2026-03-310001911066Watermill Express, LLC - Delayed Draw Loan2025-12-310001911066WCI-Momentum Bidco, LLC - Delayed Draw Loan2026-03-310001911066WCI-Momentum Bidco, LLC - Delayed Draw Loan2025-12-310001911066WSB Engineering Holdings Inc. - Delayed Draw Loan2026-03-310001911066WSB Engineering Holdings Inc. - Delayed Draw Loan2025-12-310001911066Yard-Nique, Inc. - Delayed Draw Loan2026-03-310001911066Yard-Nique, Inc. - Delayed Draw 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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)


ý			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2026


o			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __ to __

Commission file number 001-04321

NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND

(Exact name of registrant as specified in its charter)


Delaware						88-6187397
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)
375 Park Avenue, 9th Floor, New York, NY						10152
(Address of principal executive offices)						(Zip Code)

(212) 478-9200

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol(s)

Name of Each Exchange on Which Registered

None

N/A

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer

Accelerated filer

Non-accelerated filer

Smaller reporting company

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes o No x

The registrant had outstanding 58,925,999 Class I shares, 1,355,853 Class D shares, and 1,920,528 Class S shares as of May 11, 2026.

Table of Contents

PART I

FINANCIAL INFORMATION

Item 1.

Consolidated Financial Statements (Unaudited)

Consolidated Statements of Assets and Liabilities as of March 31, 2026 (Unaudited) and December 31, 2025

Consolidated Statements of Operations for the Three Months Ended March 31, 2026 and 2025 (Unaudited)

Consolidated Statements of Changes in Net Assets for the Three Months Ended March 31, 2026 and 2025 (Unaudited)

Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025 (Unaudited)

Consolidated Schedules of Investments as of March 31, 2026 (Unaudited) and December 31, 2025

Notes to Consolidated Financial Statements (Unaudited)

Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

121

Item 4.

Controls and Procedures

Unregistered Sales of Equity Securities and Use of Proceeds

124

Item 3.

Defaults Upon Senior Securities

125

Item 4.

Mine Safety Disclosures

FORWARD-LOOKING STATEMENTS

This report contains forward-looking statements that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on our current expectations and estimates, our current and prospective portfolio investments, our industry, our beliefs and opinions, and our assumptions. Words such as “anticipates,” “expects,” “intends,” “plans,” “will,” “may,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “should,” “targets,” “projects,” “outlook,” “potential,” “predicts” and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including without limitation:

•our future operating results;

•our business prospects and the prospects of our portfolio companies;

•the dependence of our future success on the general economy and its impact on the industries in which we invest;

•changes in the markets in which we invest and changes in financial and lending markets generally;

•the impact of a protracted decline in the liquidity of credit markets on our business;

•the impact of increased competition;

•an economic downturn or recession and its impact on the ability of our portfolio companies to operate and the investment opportunities available to us;

•the impact of interest rate volatility on our business, our financial condition and our portfolio companies;

•the impact of supply chain constraints and labor difficulties on our portfolio companies and the global economy;

•the level of inflation and its impact on our portfolio companies and on the industries in which we invest;

•the uncertainty associated with the imposition of tariffs and trade barriers and changes in trade policies and its impact on our portfolio companies and the global economy;

•the impact of geopolitical conditions, including the conflict between Ukraine and Russia and the turmoil in Europe and the Middle East, and their impact on financial market volatility, global economic markets, and various sectors, industries and markets for commodities globally, such as oil and natural gas;

•our contractual arrangements and relationships with third parties;

•the valuation of our investments in portfolio companies, particularly those having no liquid trading market;

•actual and potential conflicts of interest with the Advisers, and/or their respective affiliates;

•the ability of our portfolio companies to achieve their objectives;

•the use of borrowed money to finance a portion of our investments;

•the adequacy of our financing sources and working capital;

•the timing of cash flows, if any, from the operations of our portfolio companies;

•the ability of the Advisers to locate suitable investments for us and to monitor and administer our investments;

•the ability of the Advisers or their respective affiliates to attract and retain highly talented professionals;

•our ability to qualify and maintain our qualification as a regulated investment company (a “RIC”) for U.S. federal income tax purposes and operate as a business development company ("BDC"); and

•the impact of future legislation and regulation on our business and our portfolio companies.

Although we believe that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and as a result, the forward-looking statements based on those assumptions also could be inaccurate. Important assumptions include our ability to originate new loans and investments, certain margins and levels of profitability and the availability of additional capital. In light of these and other uncertainties, the inclusion of forward-looking statements in this report should not be regarded as a representation by us that our plans and objectives will be achieved. These forward-looking statements apply only as of the date of this report. Moreover, we assume no duty and do not undertake to update the forward-looking statements except as otherwise provided by law.

Part I - Financial Information

Item 1. Consolidated Financial Statements (Unaudited)

NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES

(dollars in thousands, except share and per share data)



	March 31, 2026		December 31, 2025
Assets	(Unaudited)
Investments
Non-controlled/non-affiliate company investments, at fair value (cost of $2,440,232 and $2,164,611, respectively)	$	2,415,980	$	2,155,846
Cash	2,670		7,627
Cash equivalents	77,004		46,560
Interest receivable	13,453		13,332
Due from affiliate for expense support (See Note 5)	2,546		2,316
Receivable for investments sold	1,932		431
Deferred offering costs	352		404
Prepaid expenses	41		46


Total assets	$	2,513,978	$	2,226,562

Liabilities
Secured borrowings (net of $9,698 and $9,022 deferred financing and issuance costs, respectively) (See Note 6)	$	984,302	$	786,478
Payable for investments purchased	11,138		10,809
Management fees payable	927		868
Incentive fees payable	3,260		4,425
Interest payable	7,387		6,783
Due to affiliate for expense support (See Note 5)	2,546		2,316

Distributions payable	10,505		9,764
Payable for share repurchases	41,911		13,999
Board of Trustees' fees payable	125		128
Offering costs payable	172		—
Accounts payable and accrued expenses	4,298		2,863
Total liabilities	$	1,066,571	$	838,433

Commitments and contingencies (See Note 7)

Net Assets: (See Note 8)
Common shares of beneficial interest, par value $0.01 per share, unlimited shares authorized, 1,889,373 and 1,767,556 Class S shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$	19	$	18
Common shares of beneficial interest, par value $0.01 per share, unlimited shares authorized, 1,328,570 and 1,271,348 Class D shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	13		13
Common shares of beneficial interest, par value $0.01 per share, unlimited shares authorized, 57,051,748 and 54,034,583 Class I shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	571		540
Paid-in-capital in excess of par value	1,486,549		1,408,419
Total distributable earnings (loss)	(39,745)		(20,861)
Total net assets	$	1,447,407	$	1,388,129

Total liabilities and net assets	$	2,513,978	$	2,226,562

The accompanying notes are an integral part of these consolidated financial statements.


Net Asset Value per Share
Class S Shares:
Net assets	$	45,238	$	42,872
Net asset value per share	$	23.94	$	24.25
Class D Shares:
Net assets	$	31,910	$	30,926
Net asset value per share	$	24.02	$	24.32
Class I Shares:
Net assets	$	1,370,259	$	1,314,331
Net asset value per share	$	24.02	$	24.32

The accompanying notes are an integral part of these consolidated financial statements.

NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

(dollars in thousands, except share and per share data)



	Three Months Ended March 31,
	2026		2025
Investment income:
Non-controlled/non-affiliated company investments:
Interest income	$	48,210	$	40,913
Payment-in-kind interest income	2,315		1,544

Other income	220		176
Total investment income	50,745		42,633

Expenses:

Interest and debt financing expenses	12,989		14,240

Management fees (See Note 5)	2,635		1,602
Income based incentive fees (See Note 5)	4,864		3,876
Professional fees	924		480
Board of Trustees’ fees	125		131
Administration fees (See Note 5)	514		429
Other general and administrative expenses	682		410
Distribution and shareholder servicing fees
Class S	94		46
Class D	16		10
Offering costs	236		187
Total expenses	23,079		21,411
Expense support (See Note 5)	(424)		(162)
Management fees waived (See Note 5)	—		(801)
Incentive fees waived (See Note 5)	(1,604)		(3,876)
Net expenses	21,051		16,572

Net investment income	29,694		26,061

Realized and unrealized gain (loss) on investments:
Net realized gain (loss) on non-controlled/non-affiliated company investments	(2,022)		212
Net change in unrealized appreciation (depreciation):
Non-controlled/non-affiliated company investments	(15,487)		(10,431)
Income tax (provision) benefit	(366)		6
Total net change in unrealized appreciation (depreciation):	(15,853)		(10,425)
Total net realized and unrealized gain (loss) on investments	(17,875)		(10,213)

Net increase (decrease) in net assets resulting from operations	$	11,819	$	15,848

The accompanying notes are an integral part of these consolidated financial statements.


	Three Months Ended March 31,
	2026		2025
Per share data:
Net investment income per share - Class S common share	$	0.44	$	0.67
Net investment income per share - Class D common share	$	0.48	$	0.71
Net investment income per share - Class I common share	$	0.50	$	0.72
Net increase (decrease) in net assets resulting from operations per share - Class S common share	$	0.15	$	0.39
Net increase (decrease) in net assets resulting from operations per share - Class D common share	$	0.19	$	0.43
Net increase (decrease) in net assets resulting from operations per share - Class I common share	$	0.21	$	0.44
Weighted average common shares outstanding - Class S common share	1,868,014		892,880
Weighted average common shares outstanding - Class D common share	1,325,468		849,066
Weighted average common shares outstanding - Class I common share	57,166,472		34,528,300

The accompanying notes are an integral part of these consolidated financial statements.

NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS (UNAUDITED)

(dollars in thousands, except share and per share data)


	Three Months Ended March 31,
	2026		2025
Increase (decrease) in net assets resulting from operations:
Net investment income	$	29,694	$	26,061
Net realized gain (loss) on investments	(2,022)		212
Net change in unrealized appreciation (depreciation) on investments	(15,853)		(10,425)
Net increase (decrease) in net assets resulting from operations	11,819		15,848
Shareholder Distributions:
Class S	(858)		(490)


Class D	(656)		(497)


Class I	(29,189)		(20,718)


Net increase (decrease) in net assets resulting from shareholder distributions	(30,703)		(21,705)
Capital share transactions:
Class S:
Issuance of common shares	3,305		4,685
Reinvestment of shareholder distributions	413		137
Share transfer between classes	(438)		(100)
Repurchased shares, net of early repurchase deduction	(330)		—
Net increase (decrease) in net assets resulting from capital share transactions - Class S	2,950		4,722
Class D:
Issuance of common shares	1,045		1,137
Reinvestment of shareholder distributions	466		311
Share transfer between classes	—		(141)
Repurchased shares, net of early repurchase deduction	(119)		(135)
Net increase (decrease) in net assets resulting from capital share transactions - Class D	1,392		1,172
Class I:
Issuance of common shares	103,936		80,612
Reinvestment of shareholder distributions	10,838		9,000
Share transfer between classes	438		241
Repurchased shares, net of early repurchase deduction	(41,392)		(5,965)
Net increase (decrease) in net assets resulting from capital share transactions - Class I	73,820		83,888
Total increase (decrease) in net assets	$	59,278	$	83,925
Net assets, beginning of period	$	1,388,129	$	826,140
Net assets, end of period	$	1,447,407	$	910,065

The accompanying notes are an integral part of these consolidated financial statements.

NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(dollars in thousands, except share and per share data)



	Three Months Ended March 31,
	2026		2025
Cash flows from operating activities:
Net increase (decrease) in net assets resulting from operations	$	11,819	$	15,848

Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities
Purchase of investments	(321,609)		(216,122)
Proceeds from principal repayments and sales of investments	47,451		64,403
Payment-in-kind interest	(2,315)		(1,544)
Amortization of premium/accretion of discount, net	(1,170)		(1,332)
Net realized (gain) loss on investments	2,022		(212)
Net change in unrealized (appreciation) depreciation on investments	15,487		10,431
Amortization of deferred financing costs	606		279
Amortization of offering costs	52		21

Changes in operating assets and liabilities:

Due from affiliate expense support	(230)		983
Receivable for investments sold	(1,501)		12,704
Interest receivable	(121)		(1,430)
Other assets	—		(52)
Prepaid expenses	5		21

Payable for investments purchased	329		23,181
Management fee payable	59		56
Offering costs payable	172		—
Interest payable	604		(7,034)
Due to affiliate expense support	230		(983)
Incentive fees payable	(1,165)		—
Board of Trustees' fees payable	(3)		(200)
Accounts payable and accrued expenses	1,435		117
Net cash provided by (used in) operating activities	(247,843)		(100,865)

Cash flows from financing activities:
Proceeds from issuance of common shares	108,286		86,434
Repurchased shares, net of early repurchase deduction	(13,929)		(2,006)
Proceeds from secured borrowings	233,000		188,000
Repayments of secured borrowings	(34,500)		(154,500)

Distributions paid	(18,245)		(12,169)
Payments of deferred financing costs	(1,282)		(2,898)
Net cash provided by (used in) financing activities	273,330		102,861

Net increase (decrease) in cash and cash equivalents	25,487		1,996
Cash and cash equivalents, beginning of period	54,187		66,944
Cash and cash equivalents, end of period	$	79,674	$	68,940

The accompanying notes are an integral part of these consolidated financial statements.


Supplemental disclosure of cash flow information:

Cash paid during the period for interest	$	11,779	$	20,995








Supplemental disclosure of non-cash flow financing activities:
Reinvestment of shareholder distributions	$	11,717	$	9,448
Distributions payable	$	10,505	$	7,417
Payable for share repurchases	$	41,911	$	6,100

The following tables provide a reconciliation of cash and cash equivalents reported on the consolidated statements of assets and liabilities to comparable amounts on the consolidated statements of cash flows (dollars in thousands):


	March 31, 2026		March 31, 2025
Cash	$	2,670	$	1,667
Cash equivalents	77,004		67,273
Total cash and cash equivalents shown on the consolidated statements of cash flows	$	79,674	$	68,940

The accompanying notes are an integral part of these consolidated financial statements.

NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)

March 31, 2026

(dollars in thousands, except share amounts)


Portfolio Company (1) (2) (4)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount / Unit		Amortized Cost		Fair Value (4)		% of Net Assets (5)

Investments
Debt Investments
Aerospace & Defense
AIM Acquisition, LLC	(6)	First Lien Debt	S + 4.75%	8.52	%	12/4/2028	$	2,081	$	2,071	$	2,081	0.14	%
AIM Acquisition, LLC	(6) (7) (15)	First Lien Debt	S + 4.75%	8.58	%	12/4/2028	5,413		5,413		5,412		0.37	%
ERA Industries, LLC (BTX Precision)	(15)	First Lien Debt	S + 5.00%	8.67	%	7/25/2030	1,368		1,354		1,374		0.09	%
ERA Industries, LLC (BTX Precision)	(15)	First Lien Debt (Delayed Draw)	S + 5.00%	8.67	%	7/25/2030	784		782		787		0.05	%
ERA Industries, LLC (BTX Precision)	(6) (10)	First Lien Debt (Delayed Draw)	S + 5.00%	8.65	%	7/25/2030	1,039		473		481		0.03	%
ERA Industries, LLC (BTX Precision)	(15)	First Lien Debt	S + 4.75%	8.42	%	7/25/2030	732		727		736		0.05	%
PAG Holding Corp. (Precision Aviation Group)	(6) (15)	First Lien Debt	S + 4.75%	8.45	%	12/21/2029	14,367		14,230		14,367		0.99	%
PAG Holding Corp. (Precision Aviation Group)	(6)	First Lien Debt (Delayed Draw)	S + 4.75%	8.45	%	12/21/2029	5,281		5,251		5,281		0.36	%
PMI (US) Bidco, Inc.	(6) (7)	First Lien Debt	S + 3.25%	6.92	%	3/16/2033	4,310		4,289		4,291		0.30	%
PMI (US) Bidco, Inc.	(6) (7) (10)	First Lien Debt (Delayed Draw)	S + 3.25%	6.92	%	3/16/2033	690		—		(3)		—	%
Turbine Engine Specialists, Inc.	(6) (12)	Subordinated Debt	S + 9.50%	13.27	%	3/1/2029	626		612		627		0.04	%
Turbine Engine Specialists, Inc.	(6) (12)	Subordinated Debt	S + 9.50%	13.27	%	3/1/2029	1,928		1,898		1,929		0.13	%
United AirLines, Inc.	(6) (11) (12)	First Lien Debt	S + 1.75%	5.43	%	2/22/2031	3,676		3,686		3,675		0.25	%
Total Aerospace & Defense									40,786		41,038		2.80	%

Automotive
Adient Global Holdings	(6) (11) (12)	First Lien Debt	S + 2.00%	5.67	%	1/31/2031	2,450		2,461		2,449		0.17	%
Allison Transmission, Inc.	(6) (11) (12)	First Lien Debt	S + 1.75%	5.42	%	1/2/2033	938		936		942		0.07	%
Cool Buyer, Inc. (Universal Air Conditioner, L.L.C.)	(6) (10)	Subordinated Debt (Delayed Draw)	N/A	10.00% (Cash) 2.75% (PIK)		4/30/2031	1,000		(10)		(40)		—	%
Cool Buyer, Inc. (Universal Air Conditioner, L.L.C.)	(6)	Subordinated Debt	N/A	10.00% (Cash) 2.75% (PIK)		4/30/2031	3,430		3,361		3,293		0.23	%
Randys Holdings, Inc. (Randy's Worldwide Automotive)	(6) (7)	First Lien Debt	S + 5.00%	8.67	%	11/1/2029	1,986		1,982		1,958		0.14	%
Randys Holdings, Inc. (Randy's Worldwide Automotive)	(6) (7) (10)	First Lien Debt (Delayed Draw)	S + 5.00%	8.68	%	11/1/2029	7,965		—		(113)		(0.01)	%
Randys Holdings, Inc. (Randy's Worldwide Automotive)	(6) (7) (15)	First Lien Debt	S + 5.00%	8.67	%	11/1/2029	11,948		11,880		11,778		0.81	%
Randys Holdings, Inc. (Randy's Worldwide Automotive)	(6) (7) (10)	First Lien Debt (Delayed Draw)	S + 5.00%	8.67	%	11/1/2029	4,091		3,927		3,890		0.27	%
Total Automotive									24,537		24,157		1.68	%

Banking, Finance, Insurance, Real Estate
Alliant Holdings Intermediate, LLC	(6) (11)	First Lien Debt	S + 2.50%	6.17	%	9/19/2031	4,620		4,633		4,590		0.32	%
Aprio Advisory Group, LLC	(6) (10)	Revolving Loan	S + 4.75%	8.42	%	8/1/2031	1,133		372		364		0.03	%

The accompanying notes are an integral part of these consolidated financial statements.

NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)

March 31, 2026

(dollars in thousands, except share amounts)


Portfolio Company (1) (2) (4)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount / Unit	Amortized Cost	Fair Value (4)	% of Net Assets (5)
Aprio Advisory Group, LLC	(6) (10)	First Lien Debt (Delayed Draw)	S + 4.75%	8.42	%	8/1/2031	12,414	—	(147)	(0.01)	%
Ascend Partner Services LLC	(6) (15)	First Lien Debt	S + 4.50%	8.13	%	8/11/2031	7,266	7,227	7,049	0.49	%
Ascend Partner Services LLC	(6)	First Lien Debt (Delayed Draw)	S + 4.50%	8.13	%	8/11/2031	12,587	12,539	12,212	0.84	%
Asurion, LLC (fka Asurion Corporation)	(6) (11)	First Lien Debt	S + 4.25%	7.92	%	9/19/2030	3,427	3,388	3,393	0.23	%
Big Apple Advisory, LLC	(6) (10)	Revolving Loan	S + 4.50%	8.17	%	11/18/2031	1,740	(14)	(15)	—	%
Big Apple Advisory, LLC	(6) (10)	First Lien Debt (Delayed Draw)	S + 4.50%	8.17	%	11/18/2031	4,302	1,134	1,114	0.08	%
Big Apple Advisory, LLC	(6)	First Lien Debt	S + 4.50%	8.17	%	11/18/2031	8,866	8,792	8,788	0.61	%
Bishop Street Underwriters LLC	(6) (10)	First Lien Debt (Delayed Draw)	S + 5.25%	8.92	%	7/31/2031	8,157	—	(77)	(0.01)	%
Bishop Street Underwriters LLC	(15)	First Lien Debt	S + 5.25%	8.92	%	7/31/2031	8,052	8,016	7,976	0.55	%
Bishop Street Underwriters LLC	(6)	First Lien Debt (Delayed Draw)	S + 5.25%	8.92	%	7/31/2031	5,382	5,382	5,331	0.37	%
Broadstreet Partners, Inc.	(6) (11)	First Lien Debt	S + 2.50%	6.17	%	6/13/2031	4,542	4,556	4,438	0.31	%
Chicago US Midco III, LP	(6) (7) (10) (11) (12)	First Lien Debt (Delayed Draw)	S + 2.50%	6.17	%	11/1/2032	1,293	—	(11)	—	%
Chicago US Midco III, LP	(6) (7) (11) (12)	First Lien Debt	S + 2.50%	6.17	%	11/1/2032	8,707	8,687	8,636	0.60	%
Cohen Advisory, LLC	(6) (10)	First Lien Debt (Delayed Draw)	S + 4.50%	8.20	%	12/31/2031	4,263	173	190	0.01	%
Cohen Advisory, LLC	(6) (15)	First Lien Debt	S + 4.50%	8.20	%	12/31/2031	7,581	7,525	7,581	0.52	%
Cohnreznick Advisory LLC	(6) (10)	First Lien Debt (Delayed Draw)	S + 3.25%	6.95	%	3/31/2032	1,008	(3)	(24)	—	%
Cohnreznick Advisory LLC	(6) (15)	First Lien Debt	S + 3.25%	6.95	%	3/31/2032	17,379	17,333	16,970	1.17	%
Knight AcquireCo, LLC	(6) (7)	First Lien Debt	S + 4.50%	8.16	%	11/8/2032	10,316	10,294	10,283	0.71	%
Knight AcquireCo, LLC	(6) (7) (10)	First Lien Debt (Delayed Draw)	S + 4.50%	8.16	%	11/8/2032	3,439	—	(11)	—	%
Patriot Growth Insurance Services, LLC	(6) (7) (15)	First Lien Debt (Delayed Draw)	S + 5.00%	8.85	%	10/16/2028	7,789	7,753	7,695	0.53	%
Ryan Specialty Group, LLC	(6) (11) (12)	First Lien Debt	S + 2.25%	5.67	%	9/15/2031	5,038	5,059	5,038	0.35	%
Sedgwick Claims Management Services, Inc.	(6) (11)	First Lien Debt	S + 2.50%	6.17	%	7/31/2031	1,789	1,790	1,759	0.12	%
Smith & Howard Advisory LLC	(6) (15)	First Lien Debt	S + 5.00%	8.66	%	11/26/2030	6,329	6,294	6,187	0.43	%
Smith & Howard Advisory LLC	(6) (10)	First Lien Debt (Delayed Draw)	S + 5.00%	8.66	%	11/26/2030	2,521	1,060	1,004	0.07	%
Truist Insurance Holdings LLC	(6) (11)	First Lien Debt	S + 2.75%	6.45	%	5/6/2031	2,319	2,324	2,292	0.16	%
Vensure Employer Services, Inc.	(6) (10)	First Lien Debt (Delayed Draw)	S + 5.00%	8.70	%	9/27/2031	2,093	(10)	(17)	—	%
Vensure Employer Services, Inc.	(6) (7) (15)	First Lien Debt	S + 5.00%	8.67	%	9/27/2031	16,524	16,427	16,386	1.13	%
Total Banking, Finance, Insurance, Real Estate								140,731	138,974	9.61	%

Beverage, Food & Tobacco
AmerCareRoyal, LLC	(6) (15)	First Lien Debt	S + 5.00%	8.67	%	9/10/2030	14,220	14,087	14,045	0.97	%
AmerCareRoyal, LLC	(6) (10)	First Lien Debt (Delayed Draw)	S + 5.00%	8.67	%	9/10/2030	3,307	—	(41)	—	%

The accompanying notes are an integral part of these consolidated financial statements.

NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)

March 31, 2026

(dollars in thousands, except share amounts)


Portfolio Company (1) (2) (4)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount / Unit	Amortized Cost	Fair Value (4)	% of Net Assets (5)
AmerCareRoyal, LLC	(15)	First Lien Debt (Delayed Draw)	S + 5.00%	8.67	%	9/10/2030	2,265	2,256	2,237	0.15	%
BCPE North Star US Holdco 2, Inc. (Dessert Holdings)	(7) (11) (15)	Subordinated Debt	S + 7.25%	11.03	%	6/8/2029	2,544	2,504	2,519	0.17	%
BCPE North Star US Holdco 2, Inc. (Dessert Holdings)	(6) (11)	First Lien Debt	S + 4.00%	7.78	%	6/9/2028	4,825	4,750	4,818	0.33	%
Commercial Bakeries Corp.	(6) (12)	First Lien Debt	S + 5.25%	8.95	%	9/25/2029	8,728	8,718	8,684	0.60	%
Commercial Bakeries Corp.	(6) (12)	First Lien Debt	S + 5.25%	8.95	%	9/25/2029	3,721	3,700	3,702	0.26	%
Commercial Bakeries Corp.	(12) (15)	First Lien Debt	S + 5.25%	8.95	%	9/25/2029	9,073	8,977	9,026	0.62	%
Commercial Bakeries Corp.	(6) (12) (15)	First Lien Debt	S + 5.25%	8.90	%	9/25/2029	1,767	1,758	1,758	0.12	%
FoodScience, LLC	(6) (10)	First Lien Debt (Delayed Draw)	S + 4.75%	8.36	%	11/14/2031	5,570	1,822	1,826	0.13	%
FoodScience, LLC	(6)	First Lien Debt	S + 4.75%	8.49	%	11/14/2031	5,173	5,131	5,166	0.36	%
Fortune International, LLC	(15)	First Lien Debt	S + 5.00%	8.77	%	7/17/2027	6,713	6,713	6,483	0.45	%
Froneri International Limited	(6) (11) (12)	First Lien Debt	S + 2.25%	5.88	%	9/30/2032	2,801	2,800	2,752	0.19	%
IF&P Holding Company, LLC (Fresh Edge)	(6)	Subordinated Debt	S + 4.50%	8.26% (Cash) 5.13% (PIK)		4/3/2029	3,334	3,294	3,232	0.22	%
Naturpak PPC Buyer LLC	(6) (15)	First Lien Debt	S + 4.50%	8.20	%	12/22/2032	9,108	9,066	9,079	0.63	%
Naturpak PPC Buyer LLC	(6) (10)	First Lien Debt (Delayed Draw)	S + 4.50%	8.20	%	12/22/2032	2,070	—	(6)	—	%
Palmetto Acquisitionco, Inc. (Tech24)	(15)	First Lien Debt	S + 5.75%	9.45	%	9/18/2029	3,273	3,236	3,142	0.22	%
Palmetto Acquisitionco, Inc. (Tech24)	(15)	First Lien Debt (Delayed Draw)	S + 5.75%	9.45	%	9/18/2029	922	898	885	0.06	%
Primo Brands Corporation	(6) (11) (12)	First Lien Debt	S + 2.75%	6.45	%	3/31/2031	2,370	2,358	2,377	0.16	%
Razor Light, Inc.	(6) (15)	First Lien Debt	S + 4.75%	8.45	%	2/6/2032	18,654	18,566	18,570	1.28	%
Razor Light, Inc.	(6) (10)	First Lien Debt (Delayed Draw)	S + 4.75%	8.45	%	2/6/2032	3,587	(17)	(16)	—	%
Razor Light, Inc.	(6) (10)	Revolving Loan	S + 4.75%	8.45	%	2/6/2032	2,758	(13)	(12)	—	%
Refresco (Pegasus Bidco BV)	(6) (11) (12)	First Lien Debt	S + 2.75%	6.40	%	7/12/2029	3,120	3,132	3,116	0.22	%
Refresh Buyer, LLC (Sunny Sky Products)	(15)	First Lien Debt	S + 4.75%	8.35	%	12/23/2028	5,042	5,012	4,950	0.34	%
Refresh Buyer, LLC (Sunny Sky Products)	(6) (15)	First Lien Debt (Delayed Draw)	S + 4.75%	8.35	%	12/23/2028	1,277	1,272	1,253	0.09	%
Sugar PPC Buyer LLC (Sugar Foods)	(7) (15)	First Lien Debt	S + 4.75%	8.42	%	10/2/2031	6,959	6,889	6,921	0.48	%
Sugar PPC Buyer LLC (Sugar Foods)	(6) (7) (10)	First Lien Debt (Delayed Draw)	S + 4.75%	8.35	%	10/2/2031	4,338	1,277	1,271	0.09	%
Sugar PPC Buyer LLC (Sugar Foods)	(6) (7) (15)	First Lien Debt (Delayed Draw)	S + 4.75%	8.42	%	10/2/2031	2,381	2,372	2,368	0.16	%
Watermill Express, LLC	(6) (7) (10)	First Lien Debt (Delayed Draw)	S + 4.50%	8.20	%	4/30/2031	1,900	(6)	12	—	%
Watermill Express, LLC	(7) (15)	First Lien Debt	S + 4.50%	8.20	%	4/30/2031	2,769	2,745	2,786	0.19	%
Watermill Express, LLC	(7) (15)	First Lien Debt (Delayed Draw)	S + 4.50%	8.20	%	4/30/2031	120	120	121	0.01	%
Watermill Express, LLC	(7) (15)	First Lien Debt	S + 4.50%	8.20	%	4/30/2031	1,241	1,241	1,249	0.09	%
Total Beverage, Food & Tobacco								124,658	124,273	8.59	%

The accompanying notes are an integral part of these consolidated financial statements.

NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)

March 31, 2026

(dollars in thousands, except share amounts)


Portfolio Company (1) (2) (4)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount / Unit		Amortized Cost		Fair Value (4)		% of Net Assets (5)
Capital Equipment
Clean Solutions Buyer, Inc.	(6)	First Lien Debt	S + 4.50%	8.17	%	9/9/2030	8,468		8,402		8,325		0.58	%
Engineered Fastener Company, LLC (EFC International)	(6)	Subordinated Debt	N/A	11.00% (Cash) 2.50% (PIK)		5/1/2028	2,595		2,560		2,552		0.18	%
FirstCall Mechanical Group, LLC	(6) (15)	First Lien Debt	S + 4.75%	8.45	%	6/27/2031	9,825		9,753		9,763		0.67	%
FirstCall Mechanical Group, LLC	(6) (15)	First Lien Debt (Delayed Draw)	S + 4.75%	8.45	%	6/27/2031	19,794		19,753		19,669		1.36	%
Hayward Industries, Inc.	(6) (11) (12)	First Lien Debt	S + 2.75%	6.28	%	5/30/2028	4,805		4,816		4,821		0.33	%
Hyperion Materials & Technologies, Inc.	(11) (15)	First Lien Debt	S + 4.50%	8.43	%	8/30/2028	$	2,292	$	2,292	$	1,957	0.14	%
Jetson Buyer, Inc. (E-Technologies Group, Inc.)	(6) (15)	First Lien Debt	S + 5.50%	9.20	%	4/9/2030	10,760		10,628		10,375		0.72	%
Johnson Controls Inc (aka Power Solutions)	(6) (11)	First Lien Debt	S + 2.75%	6.42	%	1/28/2032	996		1,001		995		0.07	%
Johnson Controls Inc (aka Power Solutions)	(6) (11)	First Lien Debt	S + 2.50%	6.17	%	5/6/2030	2,232		2,241		2,228		0.15	%
Madison Safety & Flow LLC	(6) (11)	First Lien Debt	S + 2.50%	6.18	%	9/26/2031	530		531		531		0.04	%
Motion & Control Enterprises LLC	(6) (15)	First Lien Debt	S + 6.00%	9.67	%	6/1/2028	1,560		1,551		1,549		0.11	%
Motion & Control Enterprises LLC	(6)	First Lien Debt	S + 6.00%	9.67	%	6/1/2028	1,666		1,658		1,655		0.11	%
Motion & Control Enterprises LLC	(15)	First Lien Debt (Delayed Draw)	S + 6.00%	9.67	%	6/1/2028	4,295		4,295		4,265		0.29	%
Motion & Control Enterprises LLC	(6) (15)	First Lien Debt (Delayed Draw)	S + 6.00%	9.67	%	6/1/2028	12,082		12,082		11,999		0.83	%
Ovation Holdings, Inc.	(6)	First Lien Debt (Delayed Draw)	S + 4.75%	8.45	%	2/4/2030	6,911		6,858		6,877		0.48	%
Ovation Holdings, Inc.	(6)	First Lien Debt	S + 4.75%	8.45	%	2/4/2030	828		821		823		0.06	%
Ovation Holdings, Inc.	(6) (15)	First Lien Debt	S + 4.75%	8.45	%	2/4/2030	13,332		13,299		13,267		0.92	%
Ovation Holdings, Inc.	(6)	First Lien Debt (Delayed Draw)	S + 4.75%	8.45	%	2/4/2030	3,060		3,055		3,045		0.21	%
Ovation Holdings, Inc.	(6)	First Lien Debt	S + 4.75%	8.45	%	2/4/2030	2,780		2,766		2,766		0.19	%
Ovation Holdings, Inc.	(6) (10)	First Lien Debt (Delayed Draw)	S + 4.75%	8.45	%	2/4/2030	3,028		—		(15)		—	%
PT Intermediate Holdings III, LLC	(6) (7) (10)	First Lien Debt (Delayed Draw)	S + 4.75%	8.45	%	4/9/2030	166		—		—		—	%
PT Intermediate Holdings III, LLC	(6) (7) (15)	First Lien Debt	S + 4.75%	8.45	%	4/9/2030	3,746		3,758		3,746		0.26	%
Rhino Intermediate Holding Company, LLC (Rhino Tool House)	(6)	First Lien Debt	S + 5.25%	9.06	%	4/4/2029	9,015		8,972		8,850		0.61	%
Rhino Intermediate Holding Company, LLC (Rhino Tool House)	(6) (15)	First Lien Debt	S + 5.25%	9.15	%	4/4/2029	10,871		10,801		10,672		0.74	%
Rhino Intermediate Holding Company, LLC (Rhino Tool House)	(6)	First Lien Debt (Delayed Draw)	S + 5.25%	9.16	%	4/4/2029	2,304		2,294		2,262		0.16	%
SkyMark Refuelers, LLC	(6)	First Lien Debt	S + 4.50%	8.17	%	12/16/2032	16,330		16,255		16,252		1.12	%
SkyMark Refuelers, LLC	(6) (10)	First Lien Debt (Delayed Draw)	S + 4.50%	8.17	%	12/16/2032	5,484		3,698		3,672		0.25	%
SkyMark Refuelers, LLC	(6) (10)	First Lien Debt (Delayed Draw)	S + 4.50%	8.17	%	12/16/2032	8,186		—		(39)		—	%
Southern Air & Heat Holdings, LLC	(15)	First Lien Debt (Delayed Draw)	S + 4.75%	8.45	%	4/1/2028	1,351		1,344		1,351		0.09	%

The accompanying notes are an integral part of these consolidated financial statements.

NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)

March 31, 2026

(dollars in thousands, except share amounts)


Portfolio Company (1) (2) (4)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount / Unit	Amortized Cost	Fair Value (4)	% of Net Assets (5)
Southern Air & Heat Holdings, LLC	(15)	First Lien Debt	S + 4.75%	8.45	%	4/1/2028	1,294	1,288	1,294	0.09	%
Specialty Manufacturing Holdings, LLC	(6) (7) (15)	First Lien Debt	S + 4.50%	8.20	%	3/31/2033	9,496	9,448	9,448	0.65	%
Specialty Manufacturing Holdings, LLC	(6) (7) (10)	First Lien Debt (Delayed Draw)	S + 4.50%	8.20	%	3/31/2033	1,879	—	(9)	—	%
Thermostat Purchaser III, Inc.	(6) (7) (10)	First Lien Debt (Delayed Draw)	S + 4.25%	7.95	%	8/31/2028	9,094	(19)	(45)	—	%
Thermostat Purchaser III, Inc.	(6) (7) (15)	First Lien Debt	S + 4.25%	7.95	%	8/31/2028	6,768	6,767	6,734	0.47	%
USA Industries Holdings LLC	(6)	First Lien Debt	S + 4.25%	7.91	%	12/10/2032	6,058	6,030	6,049	0.42	%
USA Industries Holdings LLC	(6) (10)	First Lien Debt (Delayed Draw)	S + 4.25%	7.91	%	12/10/2032	3,470	—	(5)	—	%
Vessco Midco Holdings, LLC	(6) (7) (15)	First Lien Debt	S + 4.50%	8.17	%	7/24/2031	13,706	13,593	13,447	0.93	%
Vessco Midco Holdings, LLC	(6) (7) (10)	Revolving Loan	S + 4.50%	8.24	%	7/24/2031	1,726	(13)	(33)	—	%
Vessco Midco Holdings, LLC	(6) (7) (10)	First Lien Debt (Delayed Draw)	S + 4.50%	8.17	%	7/24/2031	4,569	4,201	4,132	0.29	%
Total Capital Equipment								196,779	195,225	13.52	%

Chemicals, Plastics & Rubber
Akzo Nobel Speciality (aka Starfruit US Holdco LLC)	(6) (11) (12)	First Lien Debt	S + 3.25%	7.04	%	4/3/2028	4,235	4,251	4,161	0.29	%
Chroma Color Corporation	(6) (15)	First Lien Debt	S + 4.25%	7.95	%	4/23/2029	6,303	6,260	6,226	0.43	%
Chroma Color Corporation	(6) (15)	First Lien Debt (Delayed Draw)	S + 4.25%	7.95	%	4/23/2029	1,391	1,384	1,374	0.09	%
Graham Packaging Company Inc.	(6) (11)	First Lien Debt	S + 2.25%	5.92	%	1/26/2033	250	249	248	0.02	%
Ineos Composites (Fortis 333 Inc)	(6) (11)	First Lien Debt	S + 3.50%	7.17	%	3/27/2032	641	640	625	0.04	%
MKS, Inc.	(6) (11) (12)	First Lien Debt	S + 1.75%	5.41	%	2/4/2033	1,010	1,010	1,013	0.07	%
New Spartech Holdings LLC	(6) (7)	First Lien Debt	S + 1.00%	4.67% (Cash) 4.25% (PIK)		9/30/2030	649	649	554	0.04	%
New Spartech Holdings LLC	(6)	First Lien Debt	S + 7.00%	10.67	%	3/31/2030	382	375	382	0.03	%
Solstice Advanced Materials Inc.	(6) (11) (12)	First Lien Debt	S + 1.75%	5.42	%	10/29/2032	1,100	1,099	1,107	0.08	%
Tangent Technologies Acquisition, LLC	(6) (15)	First Lien Debt	S + 4.75%	8.56	%	11/30/2027	12,184	12,149	12,104	0.84	%
Univar Solutions USA Inc.	(6) (11)	First Lien Debt	S + 2.75%	6.42	%	8/1/2030	2,162	2,173	2,135	0.15	%
USALCO	(6) (11)	First Lien Debt (Delayed Draw)	S + 3.50%	7.18	%	9/30/2031	47	47	46	—	%
USALCO	(6) (11)	First Lien Debt	S + 3.50%	7.17	%	9/30/2031	446	445	445	0.03	%
WCI-Momentum Bidco, LLC	(6)	First Lien Debt	S + 4.75%	8.45	%	12/31/2032	3,493	3,477	3,488	0.24	%
WCI-Momentum Bidco, LLC	(6) (10)	First Lien Debt (Delayed Draw)	S +4.75%	8.45	%	12/31/2032	699	—	(1)	—	%
Total Chemicals, Plastics & Rubber								34,208	33,907	2.35	%

Construction & Building
APi Group DE Inc.	(6) (11) (12)	First Lien Debt	S + 1.75%	5.42	%	1/3/2029	1,672	1,673	1,674	0.12	%
Centuri Group, Inc.	(6) (11)	First Lien Debt	S + 2.00%	5.67	%	7/9/2032	1,578	1,579	1,583	0.11	%
Cobalt Service Partners, LLC	(6) (7) (15)	First Lien Debt	S + 4.75%	8.45	%	10/13/2031	7,268	7,209	7,207	0.50	%
Cobalt Service Partners, LLC	(6) (7) (10)	First Lien Debt (Delayed Draw)	S + 4.75%	8.45	%	10/13/2031	12,627	9,172	9,115	0.63	%

The accompanying notes are an integral part of these consolidated financial statements.

NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)

March 31, 2026

(dollars in thousands, except share amounts)


Portfolio Company (1) (2) (4)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount / Unit		Amortized Cost		Fair Value (4)		% of Net Assets (5)
Dycom Industries, Inc.	(6) (11) (12)	First Lien Debt	S + 1.75%	5.42	%	1/27/2033	353		352		355		0.02	%
Gannett Fleming, Inc.	(6) (7)	First Lien Debt	S + 4.25%	7.90	%	8/5/2030	17,602		17,400		17,489		1.21	%
Gannett Fleming, Inc.	(6) (7) (10)	Revolving Loan	S + 4.50%	8.19	%	8/5/2030	2,131		829		839		0.06	%
Heartland Paving Partners, LLC	(6) (15)	First Lien Debt	S + 5.00%	8.70	%	8/9/2030	8,443		8,378		8,229		0.57	%
Heartland Paving Partners, LLC	(6) (10)	First Lien Debt (Delayed Draw)	S + 5.00%	8.70	%	8/9/2030	5,676		5,045		4,912		0.34	%
Heartland Paving Partners, LLC	(6) (15)	First Lien Debt (Delayed Draw)	S + 5.00%	8.70	%	8/9/2030	5,666		5,656		5,522		0.38	%
Hyphen Solutions, LLC	(6) (7) (15)	First Lien Debt	S + 4.50%	8.17	%	8/6/2032	18,509		18,490		18,421		1.27	%
Hyphen Solutions, LLC	(6) (7) (10)	First Lien Debt (Delayed Draw)	S + 4.50%	8.17	%	8/6/2032	1,444		—		(7)		—	%
ICE USA Infrastructure, Inc.	(6)	First Lien Debt	S + 5.75%	9.43	%	3/15/2030	2,677		2,660		2,660		0.18	%
ICE USA Infrastructure, Inc.	(6) (15)	First Lien Debt	S + 5.75%	9.42	%	3/15/2030	8,938		8,862		8,882		0.61	%
ICE USA Infrastructure, Inc.	(15)	First Lien Debt	S + 5.75%	9.42	%	3/15/2030	1,598		1,560		1,588		0.11	%
Java Buyer, Inc.	(7) (15)	First Lien Debt	S + 4.75%	8.45	%	12/15/2030	3,860		3,860		3,852		0.27	%
LJ Avalon Holdings, LLC	(6) (10)	First Lien Debt (Delayed Draw)	S + 4.50%	8.17	%	2/1/2030	5,067		2,449		2,427		0.17	%
MEI Buyer LLC	(6) (10)	First Lien Debt (Delayed Draw)	S + 4.25%	7.92	%	6/29/2029	$	1,851	$	460	$	460	0.03	%
MEI Buyer LLC	(6) (15)	First Lien Debt	S + 4.25%	7.92	%	6/29/2029	10,118		10,080		10,119		0.70	%
MEI Buyer LLC	(6) (15)	First Lien Debt (Delayed Draw)	S + 4.25%	7.93	%	6/29/2029	1,618		1,618		1,618		0.11	%
Quikrete Holdings, Inc.	(6) (11)	First Lien Debt	S + 2.25%	5.92	%	2/10/2032	1,307		1,305		1,306		0.09	%
Quikrete Holdings, Inc.	(6) (11)	First Lien Debt	S + 2.25%	5.92	%	3/19/2029	1,662		1,664		1,663		0.11	%
Rose Paving, LLC	(6)	Subordinated Debt (Delayed Draw)	N/A	12.00	%	5/7/2030	146		146		141		0.01	%
Rose Paving, LLC	(6)	Subordinated Debt	N/A	12.00	%	5/7/2030	2,253		2,233		2,173		0.15	%
SCIC Buyer, Inc.	(6) (10)	First Lien Debt (Delayed Draw)	S + 4.75%	8.45	%	3/28/2031	2,744		416		476		0.03	%
SCIC Buyer, Inc.	(6) (15)	First Lien Debt	S + 4.75%	8.45	%	3/28/2031	12,962		12,851		13,221		0.91	%
Thyssenkrupp Elevator (Vertical US Newco Inc)	(6) (11) (12)	First Lien Debt	S + 2.75%	6.38	%	4/30/2030	4,519		4,545		4,534		0.31	%
Vertex Service Partners, LLC	(6) (10)	First Lien Debt (Delayed Draw)	S + 6.00%	9.70	%	11/8/2030	8,970		1,743		1,484		0.10	%
Vertex Service Partners, LLC	(6) (15)	First Lien Debt	S + 6.00%	9.70	%	11/8/2030	3,208		3,186		3,197		0.22	%
Vertex Service Partners, LLC	(6) (15)	First Lien Debt (Delayed Draw)	S + 6.00%	9.70	%	11/8/2030	5,783		5,758		5,764		0.40	%
WSB Engineering Holdings Inc.	(6) (10)	First Lien Debt (Delayed Draw)	S + 4.50%	8.20	%	8/31/2029	8,082		1,972		1,929		0.13	%
WSB Engineering Holdings Inc.	(15)	First Lien Debt	S + 4.50%	8.17	%	8/31/2029	4,120		4,082		4,085		0.28	%
WSB Engineering Holdings Inc.	(15)	First Lien Debt (Delayed Draw)	S + 4.50%	8.17	%	8/31/2029	2,669		2,647		2,647		0.18	%
Total Construction & Building									149,880		149,565		10.31	%

The accompanying notes are an integral part of these consolidated financial statements.

NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)

March 31, 2026

(dollars in thousands, except share amounts)


Portfolio Company (1) (2) (4)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount / Unit		Amortized Cost		Fair Value (4)		% of Net Assets (5)

Consumer Goods: Durable
Callaway Golf Company	(6) (11) (12)	First Lien Debt	S + 3.00%	6.42	%	3/15/2030	324		325		326		0.02	%
DRS Holdings III, Inc.	(7) (15)	First Lien Debt	S + 5.25%	8.92	%	11/1/2028	2,499		2,499		2,490		0.17	%
MITER Brands (MIWD Holdco II LLC)	(6) (11)	First Lien Debt	S + 3.00%	6.42	%	3/28/2031	3,590		3,610		3,319		0.23	%
Momentum Textiles, LLC	(6)	Subordinated Debt	N/A	10.00% (Cash) 3.00% (PIK)		9/25/2029	5,155		5,084		5,081		0.35	%
NMC Skincare Intermediate Holdings II, LLC	(6) (7)	First Lien Debt	S + 5.00%	8.80% (Cash) 1.50% (PIK)		10/31/2028	6,290		6,290		5,754		0.40	%
Recess Holdings, Inc.	(6) (11)	First Lien Debt	S + 3.75%	7.42	%	2/20/2030	11,910		11,858		11,944		0.83	%
XpressMyself.com LLC (SmartSign)	(15)	First Lien Debt	S + 5.50%	9.27	%	9/7/2028	1,978		1,971		1,978		0.14	%
XpressMyself.com LLC (SmartSign)	(15)	First Lien Debt	S + 5.75%	9.51	%	9/7/2028	1,497		1,482		1,497		0.10	%
Total Consumer Goods: Durable									33,119		32,389		2.24	%

Consumer Goods: Non-Durable
Bradford Soap International, Inc.	(6)	First Lien Debt	S + 4.75%	8.42	%	8/28/2031	$	7,522	$	7,488	$	7,500	0.52	%
Bradford Soap International, Inc.	(6) (10)	First Lien Debt (Delayed Draw)	S + 4.75%	8.42	%	8/28/2031	2,514		—		(7)		—	%
FoodServices Brand Group, LLC	(6)	Subordinated Debt	N/A	10.00% (Cash) 3.00% (PIK)		2/8/2030	4,305		4,211		4,177		0.29	%
Image International Intermediate Holdco II, LLC	(6) (7)	First Lien Debt	S + 5.50%	8.82% (Cash) 0.50% (PIK)		9/10/2026	7,525		7,489		5,666		0.39	%
Image International Intermediate Holdco II, LLC	(6) (7)	First Lien Debt	S + 5.50%	8.82% (Cash) 0.50% (PIK)		9/10/2026	10,722		10,703		8,073		0.56	%
KL Bronco Acquisition, Inc. (Elevation Labs)	(6) (10)	First Lien Debt (Delayed Draw)	S + 4.75%	8.52	%	6/30/2030	8,455		—		(43)		—	%
KL Bronco Acquisition, Inc. (Elevation Labs)	(6) (15)	First Lien Debt	S + 4.75%	8.52	%	6/30/2030	4,935		4,928		4,910		0.34	%
KL Bronco Acquisition, Inc. (Elevation Labs)	(6)	First Lien Debt (Delayed Draw)	S + 4.75%	8.52	%	6/30/2030	1,918		1,916		1,909		0.13	%
MPG Parent Holdings, LLC (Market Performance Group)	(6) (10)	First Lien Debt (Delayed Draw)	S + 5.00%	8.67	%	1/8/2030	4,392		911		936		0.06	%
MPG Parent Holdings, LLC (Market Performance Group)	(6) (15)	First Lien Debt	S + 5.00%	8.66	%	1/8/2030	11,842		11,885		11,890		0.82	%
MPG Parent Holdings, LLC (Market Performance Group)	(6)	First Lien Debt (Delayed Draw)	S + 5.00%	8.66	%	1/8/2030	2,870		2,887		2,882		0.20	%
Perrigo Investments	(6) (11) (12)	First Lien Debt	S + 2.00%	5.67	%	4/20/2029	1,598		1,600		1,591		0.11	%
Revision Buyer LLC (Revision Skincare)	(6)	Subordinated Debt	N/A	10.00% (Cash) 1.00% (PIK)		12/1/2028	10,408		10,312		10,256		0.71	%
Total Consumer Goods: Non-Durable									64,330		59,740		4.13	%

Containers, Packaging & Glass
Belron Finance 2019 LLC	(6) (11) (12)	First Lien Debt	S + 2.00%	5.66	%	10/16/2031	2,395		2,402		2,398		0.17	%
Novolex (Clydesdale Acquisition Holdings Inc)	(6) (11)	First Lien Debt	S + 3.18%	6.84	%	4/13/2029	1,583		1,589		1,514		0.10	%
Oliver Packaging, LLC	(6)	Subordinated Debt	N/A	11.50% (PIK)		1/6/2029	1,516		1,505		1,327		0.09	%

The accompanying notes are an integral part of these consolidated financial statements.

NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (UNAUDITED)

March 31, 2026

(dollars in thousands, except share amounts)


Portfolio Company (1) (2) (4)	Footnotes	Investment	Spread Above Reference Rate (3)	Interest Rate (3)		Maturity Date	Par Amount / Unit		Amortized Cost		Fair Value (4)		% of Net Assets (5)
Oliver Packaging, LLC	(6)	Subordinated Debt	N/A	13.00% (PIK)		1/6/2029	286		282		260		0.02	%
Online Labels Group, LLC	(15)	First Lien Debt	S + 4.75%	8.45	%	12/19/2029	3,108		3,102		3,108		0.21	%
Online Labels Group, LLC	(6) (10)	First Lien Debt (Delayed Draw)	S + 4.75%	8.45	%	12/19/2029	541		268		269		0.02	%
Online Labels Group, LLC	(6) (10)	First Lien Debt (Delayed Draw)	S + 4.75%	8.45	%	12/19/2029	227		(1)		—		—	%
Performance Packaging Buyer, LLC	(6)	First Lien Debt	S + 4.50%	8.16	%	4/15/2031	1,546		1,538		1,534		0.11	%
Performance Packaging Buyer, LLC	(6) (15)	First Lien Debt	S + 4.50%	8.13	%	4/15/2031	6,152		6,098		6,106		0.42	%
ProAmpac PG Borrower LLC	(6) (7)	First Lien Debt	S + 4.00%	7.78	%	3/7/2033	13,617		13,413		13,417		0.93	%
Total Containers, Packaging & Glass									30,196		29,933		2.07	%

Energy: Electricity
Environ Energy, LLC	(6)	First Lien Debt	S + 5.25%	8.92	%	10/1/2031	11,379		11,300		11,293		0.78	%
Environ Energy, LLC	(6) (10)	First Lien Debt (Delayed Draw)	S + 5.25%	8.92	%	10/1/2031	6,711		1,028		1,023		0.07	%
Gibraltar Industries, Inc.	(6) (11) (12)	First Lien Debt	S + 2.25%	5.92	%	2/2/2033	373		372		372		0.03	%
Matador US Buyer, LLC (Insulation Technology Group)	(6) (12) (15)	First Lien Debt	S + 5.00%	8.67	%	6/25/2030	19,510		19,362		19,563		1.35	%
Matador US Buyer, LLC (Insulation Technology Group)	(6) (12)	First Lien Debt (Delayed Draw)	S + 5.00%	8.67	%	6/25/2030	5,162		5,162		5,176		0.36	%
Resilience Parent, LLC	(6) (11)	First Lien Debt	S + 2.50%	6.13	%	2/28/2033	675		673		672		0.05	%
Tinicum Voltage Acquisition Corp.	(6) (15)	First Lien Debt	S + 4.75%	8.57	%	12/15/2028	6,728		6,607		6,687		0.46	%
TK Elevator Midco GmbH	(6) (11) (12)	First Lien Debt	S + 2.75%	6.43	%	4/30/2030	$	250	$	250	$	251	0.02	%
Total Energy: Electricity									44,754		45,037		3.12	%

Energy: Oil & Gas
Allredi, LLC (Abrasive Products and Equipment)	(6)	Subordinated Debt	N/A	15.00% (PIK)		9/30/2027	13,964		13,893		12,459		0.86	%
Allredi, LLC (Abrasive Products and Equipment)	(6)	Subordinated Debt	N/A	15.00% (PIK)		9/30/2027	1,084		1,084		967		0.07	%
Total Energy: Oil & Gas

Nuveen Churchill Private Capital Income Fund 10-Q