PCAP Appoints Jeffrey R. Scott as Independent Trustee

TL;DR

**PCAP just added a new independent trustee, Jeffrey R. Scott, boosting board oversight.**

AI Summary

Nuveen Churchill Private Capital Income Fund (PCAP) filed an 8-K to announce the appointment of Mr. Jeffrey R. Scott as an independent trustee, effective June 17, 2024. Mr. Scott will serve on the Audit Committee and the Nominating and Governance Committee. This appointment expands the board's independent oversight, which is generally viewed positively by investors as it can enhance corporate governance and accountability, potentially leading to better long-term performance and investor confidence.

Why It Matters

The addition of an independent trustee like Mr. Scott can strengthen corporate governance and oversight, which is crucial for investor confidence and the long-term stability of the fund.

Risk Assessment

Risk Level: low — This filing reports a routine board appointment, which is a low-risk event for investors.

Analyst Insight

A smart investor would note this routine governance update, recognizing it as a positive but minor development that doesn't immediately warrant a change in investment strategy.

Key Players & Entities

• Jeffrey R. Scott (person) — newly appointed independent trustee
• Nuveen Churchill Private Capital Income Fund (company) — the fund making the appointment
• PCAP (company) — ticker symbol for the fund
• June 17, 2024 (date) — effective date of appointment

FAQ

Key Financial Figures

• $24.38 — as of October 31, 2025 Class I shares $24.38 Class S shares $24.32 Class D shares
• $24.32 — Class I shares $24.38 Class S shares $24.32 Class D shares $24.38 As of October
• $1.3 b — Fund's aggregate NAV was approximately $1.3 billion, the fair value of its investment
• $2.0 b — r value of its investment portfolio was $2.0 billion, and it had $748.5 million in sec
• $748.5 million — portfolio was $2.0 billion, and it had $748.5 million in secured borrowings outstanding. As
• $0.170 — et Total Distributions Class I shares $0.170 $— $0.170 Class S shares $0.170 $0.017
• $0.017 — $0.170 $— $0.170 Class S shares $0.170 $0.017 $0.153 Class D shares $0.170 $0.005 $0
• $0.153 — $— $0.170 Class S shares $0.170 $0.017 $0.153 Class D shares $0.170 $0.005 $0.165
• $0.005 — 70 $0.017 $0.153 Class D shares $0.170 $0.005 $0.165 The Fund has adjusted its regu
• $0.165 — 17 $0.153 Class D shares $0.170 $0.005 $0.165 The Fund has adjusted its regular mon
• $2.0 billion — ortfolio companies with an aggregate of $2.0 billion (at cost) in investments and an average
• $87.9 million — stments and excluding quoted assets) of $87.9 million. Including all quoted assets as of Octo
• $206.8 million — d a weighted average reported EBITDA of $206.8 million. EBITDA amounts are derived from the mo

Filing Documents

• ncpif-20251201.htm (8-K) — 91KB
• 0001911066-25-000051.txt ( ) — 232KB
• ncpif-20251201.xsd (EX-101.SCH) — 2KB
• ncpif-20251201_def.xml (EX-101.DEF) — 14KB
• ncpif-20251201_lab.xml (EX-101.LAB) — 24KB
• ncpif-20251201_pre.xml (EX-101.PRE) — 14KB
• ncpif-20251201_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. Net Asset Value In accordance with Nuveen Churchill Private Capital Income Fund's (the "Fund") valuation policy, the Fund intends to sell its shares on the first business day of each month at an offering price that it believes reflects the net asset value ("NAV") per share at the end of the preceding month. The table below sets forth the public offering prices for the Fund's Class I, Class S, and Class D shares of beneficial interest, which was approximately equal to their respective NAV per share. NAV as of October 31, 2025 Class I shares $24.38 Class S shares $24.32 Class D shares $24.38 As of October 31, 2025, the Fund's aggregate NAV was approximately $1.3 billion, the fair value of its investment portfolio was $2.0 billion, and it had $748.5 million in secured borrowings outstanding. As of October 31, 2025, the Fund's Class I, Class S, and Class D shares of beneficial interest generated the following returns: 1 Inception date 1-Month 3-Month Year to Date 1-Year 3-Years Since Inception Class I shares March 30, 2022 0.53% 1.89% 6.61% 8.55% 11.66% 11.13% Class S shares October 2, 2023 0.50% 1.68% 5.89% 7.68% —% 9.84% Class D shares October 2, 2023 0.51% 1.83% 6.44% 8.33% —% 10.67% Distributions On November 28, 2025 , t he Fund's board of trustees (the "Board") declared regular distributions for each class of its shares of beneficial interest in the amounts per share set forth below. The regular distributions are payable to shareholders of record as of November 30, 2025 and the payment date is on or about December 29, 2025. Gross Regular Distributions Shareholder Servicing Fee Net Total Distributions Class I shares $0.170 $— $0.170 Class S shares $0.170 $0.017 $0.153 Class D shares $0.170 $0.005 $0.165 The Fund has adjusted its regular monthly distribution, resulting in an annualized distribution rate of approximately 8.37% (Class I). Given that 95.71% of the Fund's portfolio consists of floating rate debt inv

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Nuveen Churchill Private Capital Income Fund Date: December 1, 2025 By: /s/ Kenneth J. Kencel Kenneth J. Kencel Chief Executive Officer and President

View Full Filing

View this 8-K filing on SEC EDGAR