Nuveen Churchill Private Capital Income Fund

For fiscal year 2025, Nuveen Churchill Private Capital Income Fund reported a net increase in net assets resulting from operations of $84.7 million, driven primarily by net investment income of $102.2 million. Total investment income was $182.4 million, with interest income contributing $174.3 million. The Fund incurred net expenses of $80.2 million after expense support and fee waivers. Investment performance was impacted by a total net realized and unrealized loss on investments of $17.5 million. The balance sheet shows total assets of $2.23 billion, with investments at fair value of $2.16 billion, and total net assets of $1.39 billion. Cash flow from operations was negative $382.4 million, primarily due to significant investment purchases of $790.7 million, while financing activities provided $369.7 million from net share issuance and borrowings.

Key Takeaways