Nuveen Churchill Private Capital Income Fund to acquire BDC V at NAV; Q2 2026 close

Nuveen Churchill BDC V

PCAP to pay cash equal to BDC V's NAV for all assets and liabilities; close expected Q2 2026, subject to BDC V shareholder approval.
~55% of BDC V's assets by fair value already held by PCAP as of Dec 31, 2025; no non-accruals; risk rating 4.0.
Post-transaction, PCAP's top 10 investments will drop to ~9% of portfolio from ~11%, reducing concentration.
Churchill extends 100% incentive fee waiver from Dec 31, 2025 until earlier of transaction close or June 30, 2026.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Nuveen Churchill BDC V entered into Purchase and Sale Agreement with Nuveen Churchill Private Capital Income Fund (effective 2026-04-01).

Action: entry
Agreement: asset purchase
Counterparty: Nuveen Churchill Private Capital Income Fund
Effective: 2026-04-01

Exact text from the filing

On April 1, 2026, Nuveen Churchill BDC V, a Delaware statutory trust (the “Fund”), entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with Nuveen Churchill Private Capital Income Fund, a Delaware statutory trust (“PCAP”)

View on SEC.gov

Browse all material agreements →

Source: SEC EDGAR

accession 0002071136-26-000016

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.