secwatch.observer — SEC 8-K summary
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Issuer:     Nuveen Churchill BDC V (—)
CIK:        0002071136
Form:       8-K
Filed at:   2026-04-02T23:59:59+00:00
Accession:  0002071136-26-000016
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

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2071136/000207113626000016/0002071136-26-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2071136/000207113626000016/ncbdcv-20260401.htm
  HTML page:      https://secwatch.observer/filing/0002071136-26-000016

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