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Nuveen and Churchill launch Private Capital Income Fund

Nuveen, the $1.1 trillion investment manager of TIAA, and Churchill Asset Management, an investment-specialist affiliate of Nuveen, have launched the Nuveen Churchill Private Capital Income Fund, which will offer individual investors access to private capital investments across the US middle market, typically only available only to institutional investors.

Nuveen, the $1.1 trillion investment manager of TIAA, and Churchill Asset Management, an investment-specialist affiliate of Nuveen, have launched the Nuveen Churchill Private Capital Income Fund (PCAP), which will offer individual investors access to private capital investments across the US middle market, typically only available only to institutional investors.
 
PCAP, which is an income and total return focused strategy structured as a perpetual-life non-traded business development company (BDC), primarily invests in middle market senior loans and junior capital. Nuveen and Churchill say that allocations to private equity co-investments are a differentiator, providing upside potential and exposure to a hard-to-tap asset class.
 
PCAP has launched with an investment portfolio of approximately $350 million, including a commitment of more than $250 million from TIAA, Nuveen’s parent company.
 

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