Nuveen Churchill Private Capital Income Fund Reports June NAV, Declares July Distributions

What Happened
Nuveen Churchill Private Capital Income Fund filed an 8‑K on July 29, 2026 reporting its net asset values as of June 30, 2026 and announcing regular distributions declared that day. The Fund set its public offering prices (approximately equal to NAV) at $23.86 for Class I, $23.79 for Class S and $23.86 for Class D. Aggregate NAV was about $1.5 billion, the fair value of the investment portfolio was $3.3 billion, and secured borrowings outstanding totaled $1.8 billion.

Key Details

• NAV per share (June 30, 2026): Class I $23.86; Class S $23.79; Class D $23.86.
• Distributions declared (July 29, 2026): gross $0.170/share for all classes; net distributions — Class I $0.170, Class S $0.153 (after $0.017 servicing fee), Class D $0.165 (after $0.005 fee). Record date July 31, 2026; pay date on/about August 28, 2026.
• Portfolio snapshot (as of June 30, 2026): investments in 367 companies, $3.3B in investments (at cost), average position size 0.27% of portfolio (fair value). Capital structure: 92.64% first‑lien debt, 2.15% second‑lien, 2.63% mezz/structured, 2.58% equity (fair value basis).
• Yield and credit metrics: weighted average yield on debt and income-producing investments 8.92% (8.87% including non‑accruals); 95.93% of debt investments bear floating interest. Weighted average reported EBITDA of portfolio companies was $79.9M (excluding quoted assets) and $159.2M (including quoted assets).
• Top industry exposures: Services: Business 18.55%, Healthcare & Pharmaceuticals 13.16%, High Tech 10.28%, Capital Equipment 7.50%, Beverage/Food/Tobacco 6.86%. Top ten portfolio companies each represent ~0.84%–1.09% of fair value.
• Performance (selected): Class I since inception 10.55% (1‑year 6.26%); Class S since inception 8.74% (1‑year 5.39%); Class D since inception 9.59% (1‑year 6.00%).
• Disclosure: Valuations were determined by Churchill PCIF Advisor LLC as Valuation Designee and are subject to Board oversight; figures may differ from the Fund’s Form 10‑Q and were not audited or reviewed by PwC.

Why It Matters
This filing gives investors an updated NAV, portfolio composition and declared cash distribution schedule — key inputs for income investors assessing yield, credit exposure and liquidity of the fund. The portfolio remains heavily first‑lien and floating‑rate, with a near‑9% weighted average yield on debt investments, while the Fund carries substantial secured borrowings ($1.8B). Investors should note the valuation caveats (advisor‑determined, unaudited here) and compare these figures with the Fund’s upcoming Form 10‑Q for audited financials and additional context.