Nuveen Churchill Private Capital Income Fund Waives Incentive Fee

Nuveen Churchill Private Capital Income Fund waived 50% of its incentive fee based on income for April 2026. Notably, the fund has applied this waiver every month since January, a signal of fee sensitivity relative to current fund performance. The partial incentive fee waiver is common as managers seek to preserve NAV and investor confidence in a spread-tightening environment.