secwatch.observer — SEC 8-K summary
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Issuer:     Nuveen Churchill Private Capital Income Fund (—)
CIK:        0001911066
Form:       8-K
Filed at:   2026-04-02T23:59:59+00:00
Accession:  0001911066-26-000027
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PCAP to acquire Nuveen Churchill BDC V's assets and liabilities for NAV in Q2 2026
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- PCAP acquires 100% of BDC V's assets/liabilities for cash equal to NAV; close expected Q2 2026, pending BDC V shareholder approval.
- Post-transaction, PCAP's top 10 investments as % of portfolio drop from ~11% to ~9%, improving diversification.
- BDC V portfolio as of 12/31/25: no non-accruals, weighted avg risk rating 4.0, ~55% assets already in PCAP.
- Transaction expected to enhance PCAP's scale, lower cost of debt, and create operational efficiencies.
- BDC V to cease operations and distribute cash proceeds to its shareholders after closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1911066/000191106626000027/0001911066-26-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1911066/000191106626000027/ncpif-20260401.htm
  HTML page:      https://secwatch.observer/filing/0001911066-26-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer