M&A
confidence high
sentiment neutral
materiality 0.65
Nuveen Churchill Private Capital Income Fund: M&A transaction — Nuveen Churchill Private Capital Income Fund completes acquisition of BDC V assets for $347M
Nuveen Churchill Private Capital Income Fund
- Total purchase price $346,954,197, equal to BDC V's NAV as of April 29, 2026.
- Fund assumed $511M of BDC V's outstanding credit facility debt.
- Fund funded $337M via borrowings under its credit facilities with Bank of America and Bank of Nova Scotia; net settlement of $9.6M.
- Transaction approved by both boards under Rule 17a-8; BDC V shareholders approved on April 30, 2026.
- Both entities externally managed by Churchill affiliates under Nuveen, LLC.