# EDGAR Filing Document

**Accession Number:** 0001911066
**File Stem:** 0001911066-25-000029
**Filing Date:** 2025-8
**Character Count:** 114169
**Document Hash:** b4777d7ea5482c9c0b652acfdb041cd4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001911066-25-000029.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001911066-25-000029

**CONFORMED SUBMISSION TYPE**: SC TO-I

**PUBLIC DOCUMENT COUNT**: 18

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nuveen Churchill Private Capital Income Fund
- **CENTRAL INDEX KEY:** 0001911066

**ORGANIZATION NAME:**
- **EIN:** 886187397
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC TO-I
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93961
- **FILM NUMBER:** 251277963

**BUSINESS ADDRESS:**
- **STREET 1:** 375 PARK AVENUE
- **STREET 2:** 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10152
- **BUSINESS PHONE:** (212) 478-9200

**MAIL ADDRESS:**
- **STREET 1:** 375 PARK AVENUE
- **STREET 2:** 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10152
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nuveen Churchill Private Capital Income Fund
- **CENTRAL INDEX KEY:** 0001911066

**ORGANIZATION NAME:**
- **EIN:** 886187397
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC TO-I

**BUSINESS ADDRESS:**
- **STREET 1:** 375 PARK AVENUE
- **STREET 2:** 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10152
- **BUSINESS PHONE:** (212) 478-9200

**MAIL ADDRESS:**
- **STREET 1:** 375 PARK AVENUE
- **STREET 2:** 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10152

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**SCHEDULE TO**

**(Rule 13e-4)**

**TENDER OFFER STATEMENT PURSUANT TO SECTION 14(D)(1) OR 13(E)(1) OF THE SECURITIES EXCHANGE ACT OF 1934**

**Nuveen Churchill Private Capital Income Fund** 

**(Name of Issuer)**

**Nuveen Churchill Private Capital Income Fund**

**(Name of Person(s) Filing Statement)**

**Class I, Class D, and Class S Shares of Beneficial Interest** 

**(Title of Class of Securities)**

**67114U 105, 67114U 303, and 67114U 204** 

**(CUSIP Number of class of securities)**

**John D. McCally, Esq.**

**General Counsel**

**Churchill Asset Management LLC**

**8500 Andrew Carnegie Blvd**

**Charlotte, NC 28262**

**(212) 478-9200**

 **(Name, Address and Telephone No. of Person Authorized to Receive Notices and Communications on Behalf of the Person(s) Filing Statement)**

***With a copy to:***

**Steven B. Boehm, Esq.**

**Payam Siadatpour, Esq.**

**Owen J. Pinkerton, Esq.**

**Sara Sabour Nasseri, Esq.**

**Eversheds Sutherland (US) LLP**

**700 6th Street, N.W.**

**Washington, DC 20001**

**August 29, 2025**

**(Date Tender Offer First Published, Sent or Given to Security Holders)**

------

---

| | | |
|:---|:---|:---|
| ☐ | Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form of Schedule and the date of its filing. | Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form of Schedule and the date of its filing. |
| Amount Previously Paid: | Amount Previously Paid: | Filing Parties: |
| Form or Registration No.: | Form or Registration No.: | Date Filed: |

---

---

| | | |
|:---|:---|:---|
| ☐ | Check the box if the filing relates solely to preliminary communications made before commencement of a tender offer. | Check the box if the filing relates solely to preliminary communications made before commencement of a tender offer. |
| Check the appropriate boxes below to designate any transactions to which the statement relates: | Check the appropriate boxes below to designate any transactions to which the statement relates: | Check the appropriate boxes below to designate any transactions to which the statement relates: |
|  | ☐ | third-party tender offer subject to Rule 14d-1. |
|  | ☒ | issuer tender offer subject to Rule 13e-4. |
|  | ☐ | going-private transaction subject to Rule 13e-3. |
|  | ☐ | amendment to Schedule 13D under Rule 13d-2. |
| Check the following box if the filing is a final amendment reporting the results of the tender offer: ☐ | Check the following box if the filing is a final amendment reporting the results of the tender offer: ☐ | Check the following box if the filing is a final amendment reporting the results of the tender offer: ☐ |

---

------

**Item 1. Summary Term Sheet**

Reference is made to the Summary Term Sheet of the Offer to Purchase (as defined below) that is attached hereto as Exhibit (a)(1)(ii) and is hereby incorporated by reference.

**Item 2. Subject Company Information**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The name of the issuer is Nuveen Churchill Private Capital Income Fund (the "Fund"). The Fund is a non-diversified, closed-end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended (the "1940 Act"). The Fund is organized as a Delaware statutory trust. The principal executive office of the Fund is located at 375 Park Avenue, 9th Floor, New York, New York 10152 and the Fund's telephone number is (212) 478-9200.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)The title of the securities that are the subject of the offer to purchase and the related letter of transmittal (the "Offer to Purchase" and the tender offer made thereby, the "Offer") are Class I common shares of beneficial interest (the "Class I Shares"), Class D common shares of beneficial interest (the "Class D Shares") and Class S common shares of beneficial interest (the "Class S Shares" and together with the Class I Shares and the Class D Shares, the "Shares") or portions thereof. As of the close of business on June 30, 2025, there were 44,279,384 Shares outstanding. Subject to the conditions set forth in the Offer to Purchase, the Fund will purchase up to 2,213,969 Shares that are tendered by holders of the Shares ("Shareholders") and not withdrawn as described in the Offer to Purchase (the "Offer Amount"). The Shares subject to the Offer represent approximately 5% of the Fund's Shares outstanding as of June 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)The Shares are not traded in any market.

**Item 3. Identity and Background of Filing Person**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)The Fund is tendering for its own Shares. The information required by this Item is set forth in Item 2(a) above. Churchill PCIF Advisor LLC (the "Adviser") serves as the investment adviser to the Fund, and Churchill Asset Management LLC ("Churchill") serves as the investment sub-adviser to the Fund. Each of the Adviser and Churchill is located at 375 Park Avenue, 9th Floor, New York, New York 10152 and its telephone number is (212) 478-9200. The members of the Fund's Board of Trustees (the "Board") are Kenneth Kencel, William Huffman, Stephen Potter, James Ritchie, Dee Dee Sklar, and Sarah Smith (each, a "Trustee"). The Fund's Chief Executive Officer and President is Kenneth Kencel, the Chief Financial Officer and Treasurer is Shaul Vichness, the Chief Compliance Officer is Charmagne Kukulka, the Vice President and Secretary is John McCally and the Chief Accounting Officer is Marissa Hassen. The Trustees and the executive officers of the Fund may be reached at the Fund's business address and telephone number set forth in Item 2(a) above.

(b)-(c)&nbsp;&nbsp;&nbsp;&nbsp;Not applicable&nbsp;&nbsp;&nbsp;&nbsp;

------

**Item 4. Terms of the Transaction.** 

---

| | | |
|:---|:---|:---|
| (a)(1) | (i) | Subject to the conditions set forth in the Offer to Purchase, the Fund will purchase up to 2,213,969 Shares that are tendered by Shareholders by 11:59 p.m., Eastern Time, on September 29, 2025 and not withdrawn as described in Item 4(a)(1)(vi). |
|  | (ii) | The purchase price of a Share (or portion thereof) tendered will be the net asset value of the applicable class as of September 30, 2025 or a later date determined by the Fund if the Offer is extended (in each case, the "Valuation Date"), upon the terms and subject to the conditions set forth in the Offer to Purchase. Reference is made to the Cover Page, Section 2 "Offer to Purchase and Price" and Section 6 "Purchases and Payment" of the Offer to Purchase, which are incorporated herein by reference.<br>Each Shareholder that tenders Shares that are accepted for purchase will be sent a letter (the "Acceptance Letter") notifying the Shareholder that the Fund has received and accepted their tender. Such Shareholder will be issued a non-interest bearing, non-transferable promissory note (the "Note") entitling the Shareholder to receive an amount equal to the Shareholder's Shares accepted for purchase by the Fund determined as of the Valuation Date. The Note will be held for the Shareholder by SS&C GIDS, Inc., the Fund's transfer agent (the "Transfer Agent"). Forms of the Acceptance Letter and the Note are attached hereto as Exhibits (a)(1)(iv) and (a)(1)(v), respectively, and are incorporated herein by reference. |
|  | (iii) | The Offer is scheduled to expire on September 29, 2025 unless extended. Reference is made to the Cover Page, Summary Term Sheet, Section 2 "Offer to Purchase and Price" and Section 5 "Withdrawal Rights" of the Offer to Purchase, which are incorporated herein by reference. |
|  | (iv) | Not applicable. |
|  | (v) | Reference is made to the Cover Page, Summary Term Sheet and Section 7 "Certain Conditions of the Offer" of the Offer to Purchase, which are incorporated herein by reference. |
|  | (vi) | Reference is made to Section 5 "Withdrawal Rights" of the Offer to Purchase, which is incorporated herein by reference. |
|  | (vii) | Reference is made to the Cover Page, Section 4 "Procedure for Tenders" and Section 5 "Withdrawal Rights" of the Offer to Purchase, which are incorporated herein by reference. **Note that certain Shareholders may be required to deliver their Letter of Transmittal to their Financial Advisor (instead of directly to the Transfer Agent). All Shareholders tendering Shares should carefully review their Letter of Transmittal and follow the delivery instructions therein.** |
|  | (viii) | Reference is made to Section 4 "Procedure for Tenders" and Section 6 "Purchases and Payment" of the Offer to Purchase, which are incorporated herein by reference. |
|  | (ix) | Reference is made to the Cover Page, Section 3 "Amount of Tender," and Section 6 "Purchases and Payment" of the Offer to Purchase, which are incorporated herein by reference. |
|  | (x) | Reference is made to Section 2 "Offer to Purchase and Price" of the Offer to Purchase, which is incorporated herein by reference. |
|  | (xi) | Not applicable. |
|  | (xii) | Reference is made to Section 10 "Certain Federal Income Tax Consequences" of the Offer to Purchase, which is incorporated herein by reference. |
| (a)(2) |  | Not applicable. |
| (b) |  | Any Shares to be purchased from any officer, Trustee or affiliate of the Fund will be on the same terms and conditions as any other purchase of Shares. To the Fund's knowledge, none of the officers, Trustees, or affiliates of the Fund intends to tender Shares in the Offer. |

---

------

**Item 5. Past Contracts, Transactions, Negotiations and Agreements.**

---

| | |
|:---|:---|
| (a) | Information regarding the contribution of certain portfolio investments to the Fund is incorporated by reference from the Offer to Purchase under the heading "8. Certain Information about the Fund" and "Item 8. Interests in Securities of the Issuer" herein.  |
| (b)-(d) | Not applicable. |
| (e) | The Fund's Prospectus dated August 18, 2025, as amended and/or supplemented from time to time (the "Prospectus"), provides that the Board has the discretion to determine whether the Fund will purchase Shares from Shareholders from time to time pursuant to written tenders. The Adviser expects that it will recommend to the Board that the Fund purchase Shares from Shareholders quarterly. However, the Fund is not required to conduct tender offers. Information regarding agreements involving the Shares is incorporated by reference from the Offer to Purchase under the heading "8. Certain Information about the Fund" and "Item 8. Interests in Securities of the Issuer" herein. Except as set forth therein, the Fund does not know of any other contract, agreement, arrangement, or understanding, whether contingent or otherwise or whether or not legally enforceable, between the (i) Fund, any of the Fund's executive officers or Trustees, any person controlling the Fund, or any executive officer or director of any corporation ultimately in control of the Fund and (ii) any other person with respect to any securities of the Fund (including any contract, agreement, arrangement, or understanding concerning the transfer or the voting of any such securities, joint ventures, loan or option arrangements, puts or calls, guarantees of loans, guarantees against loss, or the giving or withholding of proxies, consents or authorizations). |

---

**Item 6. Purposes of this Tender Offer and Plans or Proposals.** 

---

| | |
|:---|:---|
| (a)-(b) | Reference is made to Section 1 "Background and Purpose of the Offer" of the Offer to Purchase, which is incorporated herein by reference. |
| (c) | Reference is made to Section 8 "Certain Information about the Fund" of the Offer to Purchase, which is incorporated herein by reference. Because the Shares are not traded in any market, subsections (6), (7), and (8) of Regulation M-A Item 1006(c) are not applicable to the Fund. |

---

**Item 7. Source and Amount of Funds or Other Consideration.** 

---

| | |
|:---|:---|
| (a)-(b) | Reference is made to Section 6 "Purchases and Payment" of the Offer to Purchase, which is incorporated herein by reference. |
| (d) | Reference is made to Section 6 "Purchases and Payment" of the Offer to Purchase, which is incorporated herein by reference. |

---

**Item 8. Interest in Securities of the Issuer.** 

(a) Based on the number of Shares outstanding as of June 30, 2025, the following persons own the number of Shares indicated in the below table.

------

---

| | | |
|:---|:---|:---|
| | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Shares Beneficially Owned** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Shares Beneficially Owned** |
| **Name and Address** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Number** | **Percentage**<sup>(1)</sup> |
| **Interested Trustees**<sup>(2)</sup> | | |
| &nbsp;&nbsp;&nbsp;Kenneth Kencel<sup>(3)</sup> | 10085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\* |
| &nbsp;&nbsp;&nbsp;William Huffman |  |  |
| **Independent Trustees**<sup>(2)</sup> |  |  |
| &nbsp;&nbsp;&nbsp;Stephen Potter<sup>(4)</sup> | 12353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\* |
| &nbsp;&nbsp;&nbsp;James Ritchie<sup>(5)</sup> | 24447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\* |
| &nbsp;&nbsp;&nbsp;Dee Dee Sklar<sup>(6)</sup> | 2286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\* |
| &nbsp;&nbsp;&nbsp;Sarah Smith |  |  |
| **Executive Officers who are not Trustees**<sup>(2)</sup> |  |  |
| &nbsp;&nbsp;&nbsp;Shai Vichness |  |  |
| &nbsp;&nbsp;&nbsp;Charmagne Kukulka |  |  |
| &nbsp;&nbsp;&nbsp;John McCally |  |  |
| &nbsp;&nbsp;&nbsp;Marissa Hassen |  |  |
| **5% Holders** |  |  |
| &nbsp;&nbsp;&nbsp;Teachers Insurance and Annuity Association of America<sup>(7)</sup> | 4035125 | 9.1% |
| &nbsp;&nbsp;&nbsp;Income Insurance Ltd<sup>(8)</sup> | 4209924 | 9.5% |
| **All Trustees and Executive Officers as a group (10 persons)**<sup>(2)</sup> | 49201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\* |

---

__________________

\* &nbsp;&nbsp;&nbsp;&nbsp;Less than 1%

(1)Percentage of beneficial interest is based on 44,279,384 Shares outstanding as of June 30, 2025.

(2)The address for all of the Fund's executive officers and trustees is c/o Nuveen Churchill Private Capital Income Fund, 375 Park Avenue, 9th Floor, New York, NY 10152.

(3)Mr. Kencel holds all of his Class I Shares indirectly: (i) 5,042.356 Class I Shares are held through a trust; and (ii) 5,042.356 Class I Shares are held through a trust pursuant to which Mr. Kencel's spouse retains sole voting and dispositive power.

(4)Mr. Potter holds all of his Class I Shares indirectly through a trust.

(5)Mr. Ritchie holds 12,238.726 Class I Shares directly. Mr. Ritchie may also be deemed to beneficially own 12,238.726 shares indirectly by virtue of his wife's ownership of such shares.

(6)Ms. Sklar holds all of her Class I Shares indirectly through a joint account, pursuant to which she has shared voting and dispositive power.

(7)The address of Teachers Insurance and Annuity Association of America ("TIAA") is 730 Third Avenue, New York, NY 10017. TIAA holds (i) 2,260,560 Class I Shares directly, (ii) 1,087,107 Class I Shares indirectly through a private fund managed by Churchill in which TIAA is the sole investor, and (iii) 687,458 Class I Shares indirectly through a private fund that TIAA controls. In connection with the Fund's formation, on March 30, 2022, the Fund issued and sold 40 Class I Shares to TIAA, for an aggregate purchase price of $1,000. In addition, on March 31, 2022, prior to the Fund's election to be regulated as a business development company under the 1940 Act, TIAA contributed certain portfolio investments to the Fund and NCPIF SPV I LLC (n/k/a Churchill NCPCIF CLO-I LLC), a wholly owned subsidiary of the Fund, in the amount of $296,231,000 (fair value as of March 31, 2022). In connection therewith, the Fund issued to TIAA 10,540,000 shares of the Class I shares at $25.00. Class I shares owned by TIAA are subject to additional restrictions. TIAA may submit its Class I shares for repurchase beginning on March 31, 2027. The total amount of repurchases of TIAA shares eligible for redemption will be limited to no more than 1.67% of the Fund's aggregate net asset value per calendar quarter; provided that, if in any quarter the total amount of aggregate repurchase requests of all classes of beneficial interest does not exceed the overall share repurchase plan limits of 5% of the aggregate net asset value per calendar quarter, the above redemption limits on the TIAA shares will not apply to that quarter and TIAA will be entitled to redeem up to the overall share repurchase plan limits. Notwithstanding the foregoing, TIAA may sell a portion of its Class I Shares to unaffiliated investors in reliance upon an exemption from registration under the Securities Act of 1933, as amended. See Item 8(b) for more information.

(8)The address of Income Insurance Ltd ("Income") is 75 Bras Basah Road, Income Centre, Singapore, 189557. Income hold of its Class I Shares directly. NTUC Enterprise Co-Operative Ltd, the parent company of Income, may be deemed to beneficially own the Class I Shares that are directly held by Income.

None of the Trustees or Executive Officers listed above intends to tender any of his or her Shares in the Offer. Addresses for each of the persons listed above are provided in Item 3.

------

(b) Reference is made to Section 8 "Certain Information About the Fund" of the Offer to Purchase, which is incorporated herein by reference. During the sixty (60) days prior to August 29, 2025, the Fund has issued to trustees an aggregate of approximately 29,113 Shares, including the net impact of Shares issued pursuant to the Fund's distribution reinvestment plan, for net proceeds of approximately $714,444. Except for foregoing, and based upon the Fund's records and upon information provided to the Fund, there have not been any other transactions in Shares that as of August 29, 2025 were effected during such period by any of the trustees or executive officers of the Fund, the Adviser, Churchill, any person controlling the Fund, any director or executive officer of any entity or other person ultimately in control of the Fund, any associate or minority-owned subsidiary of the Fund or any executive officer or trustee of any subsidiary of the Fund.

**Item 9. Persons/Assets Retained, Employed, Compensated or Used.** 

(a) No persons have been employed, retained, or are to be compensated by the Fund to make solicitations or recommendations in connection with the Offer to Purchase.

**Item 10. Financial Statements.** 

(a) The audited annual financial statements of the Fund as of December 31, 2024 and the unaudited financial statements of the Fund for the six months ended June 30, 2025, filed with the SEC on EDGAR on March 5, 2025 and August 8, 2025, respectively, are incorporated herein by reference. The Fund will prepare and transmit to Shareholders the audited annual financial statements of the Fund within 90 days after the close of the period for which the report is being made, or as otherwise required by the 1940 Act.

(b) Not applicable.

**&nbsp;&nbsp;&nbsp;&nbsp;**

**Item 11. Additional Information.**

---

| | | |
|:---|:---|:---|
| (a) |  |  |
|  | (1) | None. |
|  | (2) | None. |
|  | (3) | Not applicable. |
|  | (4) | None. |
|  | (5) | None. |
| (c) |  | The Offer to Purchase, attached hereto as Exhibit (a)(1)(ii), is incorporated herein by reference in its entirety. |

---

------

**Item 12. Exhibits.** 

---

| | | |
|:---|:---|:---|
| (a)(1) | (i) | <u>[Cover Letter to Offer to Purchase and Letter of Transmittal.](pcap-coverletterxexa1iq320.htm)</u> |
|  | (ii) | <u>[Offer to Purchase.](pcap-offertopurchasexexa1i.htm)</u> |
|  | (iii) | <u>[Form of Letter of Transmittal.](pcap-transmittalletterxexa.htm)</u> |
|  | (iv) | <u>[Form of Letter from the Fund to Shareholders in Connection with the Fund's Acceptance of Shares.](pcap-formofacceptancelette.htm)</u> |
|  | (v) | <u>[Form of Promissory Note.](pcap-formofpromissorynotex.htm)</u> |
|  | (vi) | <u>[Form of Notice of Withdrawal of Tender.](pcap-formofnoticeofwithdra.htm)</u> |
| (a)(2)-(4) | (a)(2)-(4) | Not applicable. |
| (b) |  | None. |
| (d) |  | Not applicable. |
| (g) |  | Not applicable. |
| (h) |  | Not applicable. |
| EX-FILING FEES | EX-FILING FEES | <u>[Calculation of Filing Fee Table.](filingfeeexhibit.htm)</u> |

---

------

**SIGNATURE**

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

---

| | |
|:---|:---|
| **NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND** | **NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND** |
| By: | /s/ John D. McCally |
| Name: | John D. McCally |
| Title: | Vice President and Secretary |

---

Dated: August 29, 2025

------

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit** | |
| (a)(1)(i) | <u>[Cover Letter to Offer to Purchase and Letter of Transmittal.](pcap-coverletterxexa1iq320.htm)</u> |
| (a)(1)(ii) | <u>[Offer to Purchase.](pcap-offertopurchasexexa1i.htm)</u> |
| (a)(1)(iii) | <u>[Form of Letter of Transmittal.](pcap-transmittalletterxexa.htm)</u> |
| (a)(1)(iv) | <u>[Form of Letter from the Fund to Shareholders in Connection with the Fund's Acceptance of Shares.](pcap-formofacceptancelette.htm)</u> |
| (a)(1)(v) | <u>[Form of Promissory Note.](pcap-formofpromissorynotex.htm)</u> |
| (a)(1)(vi) | <u>[Form of Notice of Withdrawal of Tender.](pcap-formofnoticeofwithdra.htm)</u> |
| EX-FILING FEES | <u>[Calculation of Filing Fee Table.](filingfeeexhibit.htm)</u> |

---

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Calculation of Filing Fee Tables** <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| | | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Transaction Valuation**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Rate**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount of Filing Fee**  |
| Fees to be Paid | 1 | $54330799.26 | 0.0001531 | $8318.05 |
| Fees Previously Paid |  |  |  |  |
|  | Total Transaction Valuation: | $54330799.26  |  |  |
|  | Total Fees Due for Filing: |  |  | $8318.05  |
|  | Total Fees Previously Paid:  |  |  | $0.00  |
|  | Total Fee Offsets:  |  |  | $0.00  |
|  | Net Fee Due:  |  |  | $8318.05  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Offering Note** <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>1</sup> (1) The transaction value is calculated as the aggregate maximum purchase price for Class I shares of beneficial interest (Class I Shares), Class S shares of beneficial interest (Class S Shares), and Class D shares of beneficial interest (Class D Shares) of Nuveen Churchill Private Capital Income Fund (the Fund), based upon the net asset value per Class I Share, Class S Share, and Class D Share as of June 30, 2025 of $24.54, $24.47, and $24.54, respectively. This amount is based upon the offer to purchase up to 2,213,969 Shares. (2) Calculated at $153.10 per $1,000,000.00 of the Transaction Valuation in accordance with Rule 0-11 under the Securities Exchange Act of 1934, as amended.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | Registrant or Filer Name | Form or Filing Type | File Number | Initial Filing Date | Filing Date | Fee Offset Claimed | Fee Paid with Fee Offset Source |
| Fee Offset Claims | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Fee Offset Sources | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |

---

## Ex-99.(A)(1)(I)

***Exhibit (a)(1)(i)***

NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND

c/o Churchill Asset Management, LLC

375 Park Avenue, 9th Floor

New York, New York 10152

*If you do not want to sell your shares of beneficial* 

*interest at this time, please disregard this notice.* 

*This is simply a notification of the Fund's repurchase offer.* 

August 29, 2025

Dear Shareholder:

This letter serves to inform you of important dates relating to a repurchase offer by Nuveen Churchill Private Capital Income Fund (the "Fund"). If you are not interested in tendering your Class I, Class S, or Class D shares of beneficial interest in the Fund ("Shares") for repurchase at this time, please disregard this notice and take no action.

Please note that, except as described below, all Shares that have been issued after October 1, 2024 will be subject to an "early repurchase deduction" (except in the case of death, divorce or qualified disability of a shareholder), which will reduce your proceeds by 2%. In addition, the sale of Shares may be subject to income and transfer taxes.

The tender offer period will begin on August 29, 2025 and end at 11:59 p.m., Eastern Time, on September 29, 2025. The purpose of the tender offer is to provide liquidity to shareholders of the Fund. Shares may be presented to the Fund for repurchase only by tendering them during one of the Fund's announced tender offers.

If you do not wish to sell your Shares for any reason, simply disregard this notice. **No action is required if you do not wish to sell any portion of your Shares at this time.**

Should you wish to tender all or some of your Shares during this tender offer period, please complete the enclosed Letter of Transmittal and return it **by mail or e-mail** to the Fund's Transfer Agent, SS&C GIDS, Inc., Attention: Nuveen Churchill Private Capital Income Fund, using one of the below options or to your financial advisor as instructed in the Letter of Transmittal:

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| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regular Mail:  | PO Box 219307, Kansas City, MO 64121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Overnight Mail:  | 801 Pennsylvania Ave., Suite 219307, Kansas City, MO 64105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E-mail: | Nuveen.ai@sscinc.com |

---

**All shareholders tendering Shares should carefully review their Letter of Transmittal and follow the delivery instructions therein.** 

All tenders of Shares must be received in good order by the Fund's Transfer Agent by 11:59 p.m., Eastern Time, on September 29, 2025.

If you have any questions, please refer to the attached Offer to Purchase document, which contains additional important information about the repurchase offer, or call 833-688-3368.

Sincerely,

Nuveen Churchill Private Capital Income Fund

## Ex-99.(A)(1)(Ii)

***Exhibit (a)(1)(ii)***

**NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND**

**c/o Churchill Asset Management, LLC** 

**375 Park Avenue, 9th Floor**

**New York, New York 10152**

**Offer to Purchase Up to 2,213,969**

**Shares of Beneficial Interest** 

**Dated August 29, 2025**

**The Offer and Withdrawal Rights Will Expire at** 

**11:59 p.m., Eastern Time, on September 29, 2025**

**Unless the Offer is Extended**

To the Shareholders of Nuveen Churchill Private Capital Income Fund:

Subject to the terms and conditions set forth in this offer to purchase ("Offer to Purchase") and the related letter of transmittal (which, together with the Offer to Purchase, constitutes the "Offer"), Nuveen Churchill Private Capital Income Fund, a non-diversified, closed-end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended (the "1940 Act"), and is organized as a Delaware statutory trust (the "Fund"), is offering to purchase up to 2,213,969 of its outstanding shares of beneficial interest (including Class I shares of beneficial interest, Class S shares of beneficial interest, and Class D shares of beneficial interest, the "Shares") pursuant to tenders by shareholders of the Fund ("Shareholders") at a price equal to the net asset value per applicable class of Share as of September 30, 2025 or a later date determined by the Fund if the Offer is extended (the "Valuation Date"). This Offer is scheduled to expire at 11:59 p.m., Eastern Time, on September 29, 2025 (the "Expiration Date"), but the Fund may extend this date; if it does, the Valuation Date may be changed. This Offer is being made to all Shareholders of the Fund and is not conditioned on any minimum amount of Shares being tendered, but is subject to certain conditions described below. Shares are not traded on any established trading market.

Shareholders should realize that the value of the Shares tendered in this Offer will likely change between the most recent time net asset value was calculated and communicated to them and the Valuation Date (the relevant date for determining the value of the Shares tendered to the Fund for purposes of calculating the purchase price of such Shares) and such change could be material. The Fund generally determines the net asset value of the Shares as of the last calendar day of each month within 20 business days after the last calendar day of each month. The most recently calculated net asset value for each class of the Shares can be found by visiting the Fund's website at www.nuveen.com/pcap. Shareholders should keep in mind that if they tender Shares in a tender offer with a Valuation Date that is within the 12-month period following the initial issue date of the Shares being tendered, such Shares will be subject to an "early repurchase deduction" (described further below) of 2% of the aggregate net asset value of the Shares repurchased. The early repurchase deduction will reduce the repurchase proceeds, except as described below. For illustrative purposes, a Shareholder that acquires Shares prior to July 1 would not incur an early repurchase deduction for participating in a repurchase offer that has a valuation date of June 30 of the following year (or anytime thereafter).

Shareholders desiring to tender all or any portion of their Shares in accordance with the terms of the Offer should complete and sign the attached Letter of Transmittal and mail or e-mail it to the Fund's transfer agent, SS&C GIDS, Inc. (the "Transfer Agent"), or the Shareholder's financial advisor, as applicable, in the manner provided for in the Letter of Transmittal and set forth in Section 4 "Procedure for Tenders" below.

i

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**IMPORTANT**

*The Fund makes no recommendation to any Shareholder as to whether to tender or refrain from tendering Shares. Shareholders must make their own decisions whether to tender Shares and, if so, the portion of their Shares to tender.* 

*Because each Shareholder's investment decision is a personal one, based on its financial circumstances, no person has been authorized to make any recommendation on behalf of the Fund as to whether Shareholders should tender Shares pursuant to the Offer. No person has been authorized to give any information or to make any representations in connection with the Offer other than those contained herein or in the Letter of Transmittal. If given or made, such recommendation and such information and representations must not be relied on as having been authorized by the Fund.* 

*Neither the Securities and Exchange Commission nor any state securities commission nor any other regulatory authority has approved or disapproved of these transactions or determined if the information contained herein is truthful or complete. Any representation to the contrary is a criminal offense.* 

Questions and requests for assistance and requests for additional copies of the Offer may be directed to the Transfer Agent:

SS&C GIDS, Inc.

Attention: Nuveen Churchill Private Capital Income Fund

PO Box 219307

Kansas City, MO 64121-9097

Tel: (833) 688-3368

E-mail: Nuveen.ai@sscinc.com

ii

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**TABLE OF CONTENTS**

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| | |
|:---|:---|
| <u>[Summary Term Sheet](#i5eb1978d809a4ef89c0bcc2a5201b7dd_7)</u> | 1 |
| <u>[1.Background and Purpose of the Offer.](#i5eb1978d809a4ef89c0bcc2a5201b7dd_10)</u> | 2 |
| <u>[2.Offer to Purchase and Price.](#i5eb1978d809a4ef89c0bcc2a5201b7dd_13)</u> | 3 |
| <u>[3.Amount of Tender.](#i5eb1978d809a4ef89c0bcc2a5201b7dd_16)</u> | 3 |
| <u>[4.Procedure for Tenders.](#i5eb1978d809a4ef89c0bcc2a5201b7dd_19)</u> | 4 |
| <u>[5.Withdrawal Rights.](#i5eb1978d809a4ef89c0bcc2a5201b7dd_22)</u> | 4 |
| <u>[6.Purchases and Payment.](#i5eb1978d809a4ef89c0bcc2a5201b7dd_25)</u> | 4 |
| <u>[7.Certain Conditions of the Offer.](#i5eb1978d809a4ef89c0bcc2a5201b7dd_28)</u> | 5 |
| <u>[8.Certain Information about the Fund.](#i5eb1978d809a4ef89c0bcc2a5201b7dd_31)</u> | 6 |
| <u>[9.Tender by DRIP Participants.](#i5eb1978d809a4ef89c0bcc2a5201b7dd_34)</u> | 8 |
| <u>[10.Certain Federal Income Tax Consequences.](#i5eb1978d809a4ef89c0bcc2a5201b7dd_37)</u> | 8 |
| <u>[11.Miscellaneous.](#i5eb1978d809a4ef89c0bcc2a5201b7dd_40)</u> | 11 |
| <u>[Financial Statements](#i5eb1978d809a4ef89c0bcc2a5201b7dd_43)</u> | 12 |

---

iii

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**SUMMARY TERM SHEET**

This Summary Term Sheet highlights the material information concerning this Offer. To understand the Offer fully and for a more complete discussion of the terms and conditions of the Offer, you should read carefully this entire Offer to Purchase and the related Letter of Transmittal.

**What is the Offer?**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• As disclosed in the Fund's prospectus dated August 18, 2025, as amended and/or supplemented from time to time (the "Prospectus"), at the discretion of the Fund's board of trustees (the "Board"), the Fund intends to repurchase, in each quarter, up to 5% of its common shares of beneficial interest outstanding as of the previous calendar quarter. Accordingly, the Fund is offering to purchase up to 2,213,969 Shares at a price equal to the net asset value of the applicable class (that is, the value of the Fund's total assets minus its total liabilities, divided by outstanding Shares of such class) determined as of September 30, 2025 or such later date as may be determined by the Fund if the Offer is extended (the "Valuation Date"). The Shares subject to the Offer represent approximately 5% of the total outstanding Shares as of June 30, 2025. Shareholders may tender all or a portion of their Shares. See Section 2 "Offer to Purchase and Price" below.

**When will the Offer expire, and may the Offer be extended?**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Offer, which begins on August 29, 2025 will remain open until 11:59 p.m., Eastern Time, on September 29, 2025 (the "Expiration Date"), unless extended. The Fund may extend the period of time the Offer will be open by issuing a press release or making some other public announcement by no later than the next business day after the Offer otherwise would have expired. The Fund reserves the right to adjust the Valuation Date to correspond to any extension of the Offer.

**What is the most recent net asset value for each class of Shares?**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• As of June 30, 2025, our most recent net asset value per share was $24.54 per Class I share, $24.47 per Class S share, and $24.54 per Class D share. The value of your Shares will likely change between the most recent time the net asset value was calculated and communicated to you and the Valuation Date (the date when the value of your investment will be determined for purposes of calculating the purchase price of your Shares).

**How do I tender my Shares?&nbsp;&nbsp;&nbsp;&nbsp;**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If you would like to tender your Shares, you must complete the Letter of Transmittal enclosed with the Offer to Purchase, and return it as instructed in the Letter of Transmittal either (i) to the Transfer Agent, Attention: Nuveen Churchill Private Capital Income Fund, by (a) mail at P.O. Box 219307, Kansas City, MO 64121-9097 (regular mail), or 801 Pennsylvania Ave., Suite 219307, Kansas City, MO 64105-1307 (overnight mail), or (b) e-mail at Nuveen.ai@sscinc.com, Attention: Nuveen Churchill Private Capital Income Fund; or (ii) to your financial advisor, as directed. If you choose to e-mail the Letter of Transmittal, please mail the original promptly after you e-mail it.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Your properly completed mailed or e-mailed Letter of Transmittal must be received prior to the Expiration Date. If you decide to tender, it is your responsibility to, and the Fund strongly recommends that you do, confirm receipt of your Letter of Transmittal with the Transfer Agent by calling (833) 688-3368, Monday through Friday, except holidays, during normal business hours of 9:00 a.m. to 6:00 p.m. (Eastern Time).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **All Shareholders tendering Shares should carefully review their Letter of Transmittal and follow the delivery instructions therein.** See Section 4 "Procedures for Tender" below.

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**If the Fund accepts the Shares a Shareholder tenders, when will payment be made?**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Payment for properly tendered Shares (which are not timely withdrawn) will be made in the form of a non-interest bearing, non-transferrable, and non-negotiable promissory note promptly following expiration of the Offer. See Section 6 "Purchases and Payment" below.

**Is there any cost to tender?**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Other than the early repurchase deduction described below (if applicable), the Fund does not expect to impose any charges on repurchases of Shares in the Fund. **All Shares issued after October 1, 2024 that are tendered and purchased in this Offer will be subject to a 2% "early repurchase deduction."** See Section 6 "Purchases and Payment" below.

**May I withdraw my Shares after I have tendered them?**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Yes, you may withdraw your Shares at any time prior to the Expiration Date (including any extension period). See Section 5 "Withdrawal Rights" below.

**Does the Fund have the financial resources to make payment for the Shares tendered in the Offer?**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Yes. See Section 6 "Purchases and Payment" below.

**What is the effect of tendering my Shares if I am a participant in the Fund's distribution reinvestment (the "DRIP")?** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If you are a participant in the DRIP and elect to tender your Shares in full, and such full tender is accepted by the Fund, any Shares issued to you under the DRIP subsequent to the expiration of the tender offer will be considered part of your prior tender, and your participation in the DRIP will be terminated as of the Expiration Date of the applicable tender offer. Any distributions to be paid to you on or after the Expiration Date will be paid in cash on the scheduled distribution payment date. If you are a participant in the DRIP that elects to tender a portion of your Shares, your participation with respect to your Shares that were tendered will be terminated as of the Expiration Date of the applicable tender offer. Any distributions to be paid to you on or after the Expiration Date from the tendered Shares (whether or not the Shares were repurchased) will be paid in cash on the scheduled distribution payment date. See Section 9 "Tender by DRIP Participants" below.

**If a tender only a portion of my Shares, do I need to maintain a minimum account balance?**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Yes. If you tender only a portion of your Shares, you must maintain a minimum account balance of at least $500 as of the Valuation Date. The Fund reserves the right to purchase all your Shares in the Fund if you tender less than all of your Shares and the number of Shares you tender would cause your account in the Fund to have a value lower than the required minimum balance. The Offer is being made to all Shareholders and is not conditioned on any minimum amount of Shares being tendered. See Section 3 "Amount of Tender" below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.Background and Purpose of the Offer.** 

The purpose of the Offer is to provide liquidity to Shareholders. Because there is no secondary trading market for Shares, the Board has determined, after consideration of various matters, that the Offer is in the best interests of Shareholders in order to provide liquidity for Shares as contemplated in the Prospectus. Subject to the Board's discretion, the Fund intends to conduct quarterly tender offers in accordance with the requirements of Rule 13e-4 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the 1940 Act. The Board has sole discretion to determine whether the Fund engages in any share repurchases and, if so, the terms of such repurchase.

------

The purchase of Shares pursuant to the Offer will have the effect of increasing the proportionate interest in the Fund of Shareholders who do not tender Shares. Shareholders who retain their Shares may be subject to increased risks that may possibly result from the reduction in the Fund's aggregate assets resulting from payment for the Shares tendered. These risks include the potential for greater volatility due to decreased diversification. A reduction in the aggregate assets of the Fund may result in Shareholders who do not tender Shares bearing higher costs to the extent that certain expenses borne by the Fund are relatively fixed and may not decrease if assets decline. These effects may be reduced or eliminated to the extent that additional purchases of Shares are made by new and existing Shareholders from time to time, although there can be no assurances that such new or additional purchases will occur.

Shares that are tendered to the Fund in connection with the Offer, if accepted for repurchase, will be repurchased, resulting in a change in the income ratio and an increase in the expense ratios of Shares owned by Shareholders remaining in the Fund (assuming no further issuances of Shares).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.Offer to Purchase and Price.** 

The Fund will purchase, upon the terms and subject to the conditions of the Offer, up to 2,213,969 of the total outstanding Shares that are properly tendered by, and not withdrawn (in accordance with Section 5 "Withdrawal Rights" below) before, the Expiration Date.

The Fund reserves the right to extend, amend or cancel the Offer as described in Sections 3 and 8 below. The purchase price of a Share tendered will be its net asset value as of the Valuation Date, payable as set forth in Section 6. The Fund reserves the right to adjust the Valuation Date to correspond with any extension of the Offer.

As of the close of business on June 30, 2025, there were approximately 41,942,430 Class I Shares, 1,341,605 Class S Shares, and 995,349 Class D Shares issued and outstanding, with a net asset value per share of $24.54 per Class I Share, $24.47 per Class S Share, and $24.54 per Class D Share. Shareholders may obtain monthly estimated net asset value information until the Expiration Date of the Offer at *www.nuveen.com/pcap*. The value of the Shares tendered by Shareholders likely will change between the most recent time net asset value was calculated and communicated to you and the Valuation Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.Amount of Tender.** 

Subject to the limitations set forth below, Shareholders may tender all or a portion of their Shares. If you tender only a portion of your Shares, you must maintain a minimum account balance of at least $500 as of the Valuation Date. The Fund reserves the right to purchase all your Shares in the Fund if you tender less than all of your Shares and the number of Shares you tender would cause your account in the Fund to have a value lower than the required minimum balance. The Offer is being made to all Shareholders and is not conditioned on any minimum amount of Shares being tendered.

If less than 2,213,969 Shares are properly tendered pursuant to the Offer and not withdrawn, the Fund will, on the terms and subject to the conditions of the Offer, purchase all of the Shares so tendered unless the Fund elects to cancel or amend the Offer, or postpone acceptance of tenders made pursuant to the Offer, as provided in Section 7 "Certain Conditions of the Offer" below. If more than 2,213,969 Shares are duly tendered to the Fund before the expiration of the Offer and not withdrawn, pursuant to Section 5 "Withdrawal Rights" below, the Fund will accept Shares tendered on or before the Expiration Date for payment on a pro rata basis based on the number of tendered Shares, and there is no repurchase priority for repurchase requests in the case of the death or disability of a Shareholder; provided that the Fund reserves the right in its sole discretion to purchase additional outstanding Shares representing up to 2.0% of the Fund's outstanding Shares without amending or extending the Offer as permitted by Rule 13e-4(f)(1) of the Exchange Act. The unaccepted portion of any tender of Shares made by a Shareholder pursuant to this Offer will not be automatically carried forward or given priority in connection with any future tender offer made by the Fund, but any Shareholder that wishes to have the Fund repurchase Shares that were not accepted for repurchase in connection with this Offer may again tender those Shares in connection with, and subject to the terms and conditions of, any future tender offer made by the Fund.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.Procedure for Tenders.** 

Shareholders wishing to tender Shares pursuant to the Offer must complete and execute the Letter of Transmittal in accordance with the instructions on the first page of such Shareholder's Letter of Transmittal. The completed and executed Letter of Transmittal must be received by the specified agent by 11:59 p.m., Eastern Time, on the Expiration Date.

With respect to Shareholders that are required to submit their Letter of Transmittal to the Transfer Agent, Attention: Nuveen Churchill Private Capital Income Fund, submissions may be made either by (i) mail at P.O. Box 219307, Kansas City, MO 64121-9097 (regular mail), or 801 Pennsylvania Ave., Suite 219307, Kansas City, MO 64105-1307 (overnight mail), or (ii) e-mail to Nuveen.ai@sscinc.com, Attention: Nuveen Churchill Private Capital Income Fund. The Fund recommends that all documents be submitted by certified mail, return receipt requested, or by e-mail. A Shareholder choosing to e-mail a Letter of Transmittal must also mail the original completed and executed Letter of Transmittal promptly thereafter.

Shareholders wishing to confirm receipt of a Letter of Transmittal may contact the agent specified in the instructions therein. ***The method of delivery of any documents is at the election and complete risk of the Shareholder tendering Shares, including, but not limited to, the failure to receive any Letter of Transmittal or other document submitted by facsimile transmission.*** All questions as to the validity, form, eligibility (including time of receipt) and acceptance of tenders will be determined by the Fund, in its sole discretion, and its determination shall be final and binding. The Fund reserves the absolute right to reject any or all tenders (i) determined by it not to be in appropriate form or (ii) for which the acceptance of, or payment for, would, in the opinion of counsel for the Fund, be unlawful. The Fund also reserves the absolute right to waive any of the conditions of the Offer or any defect in any tender with respect to any particular Shares or any particular Shareholder (including, without limitation, the conditions relating to the dates on which Shares must be tendered or withdrawn), and the Fund's interpretation of the terms and conditions of the Offer will be final and binding. Unless waived, any defects or irregularities in connection with tenders must be cured within such time as the Fund shall determine. Tenders will not be deemed to have been made until the defects or irregularities have been cured or waived. None of the Fund, the Board, Churchill PCIF Advisor LLC, the Fund's investment adviser (the "Adviser"), Churchill Asset Management, LLC, the Fund's investment sub-adviser ("Churchill"), or any of their agents is obligated to give notice of any defects or irregularities in tenders, nor shall any of them incur any liability for failure to give such notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.Withdrawal Rights.** 

Any Shareholder tendering Shares pursuant to this Offer may withdraw tendered Shares at any time before the Expiration Date. A form to use to give notice of withdrawal is enclosed with the Offer to Purchase. To be effective, any notice of withdrawal must be timely received by the agent specified in the instructions to the Notice of Withdrawal. All questions as to the form and validity (including time of receipt) of notices of withdrawal will be determined by the Fund, in its sole discretion, and such determination shall be final and binding. Shares properly withdrawn shall not thereafter be deemed to be tendered for purposes of the Offer. However, withdrawn Shares may be re-tendered prior to the Expiration Date by following the procedures for tenders described above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.Purchases and Payment.** 

Our acceptance of your Shares will form a binding agreement between you and the Fund on the terms and subject to the conditions of this Offer. If your Shares are accepted for purchase, you will be sent a letter (the "Acceptance Letter") notifying you that the Fund has received and accepted your tendered Shares. Payment for your Shares will be in the form of a promissory note (each, a "Note"), and the Note will be issued promptly following the expiration of the Offer. The Note will be non-interest bearing, non-transferable and non-negotiable. The Note may be prepaid, without premium, penalty or notice, at any time. With respect to the Shares tendered, the owner of a Note will no longer be a shareholder of the Fund, and will not have the rights of a shareholder, including, without limitation, voting rights. The Fund will effect payment for each Note in cash promptly after the determination of the net asset value per applicable class of Shares as of September 30, 2025. Each Note will be held for shareholders by

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the Transfer Agent. Forms of the Acceptance Letter and the Note are attached hereto as Exhibits 99(a)(1)(iv) and 99(a)(1)(v), respectively.

In all cases, the Note issued as payment for Shares purchased pursuant to the Offer will be issued only after timely receipt by us of: (a) a Letter of Transmittal properly completed and bearing original signature(s) and any required signature guarantee(s), and (b) any other documents required by the Letter of Transmittal.

Other than the early repurchase deduction described below (if applicable), the Fund does not expect to impose any charges on repurchases of Shares in the Fund. Each Shareholder whose Shares (or portion thereof) have been accepted for repurchase will continue to be a Shareholder of the Fund until the Valuation Date (and thereafter if not all of its Shares are repurchased) and may exercise his or her voting rights with respect to the repurchased Shares (or portion thereof) until the Valuation Date.

As described in the Prospectus and except as described below, the amount to which any Shareholder that sells Shares to the Fund in a repurchase offer that has a tender valuation date within the 12 month period following the original issue date of the Shares is entitled to be paid for the tendered Shares will be reduced by a rate of 2% of the aggregate net asset value of the applicable class of Shares repurchased by the Fund; this is referred to herein as an "early repurchase deduction." Payment of the early repurchase deduction will be made by reducing the repurchase proceeds. The early repurchase deduction will be retained by the Fund for the benefit of remaining Shareholders. In addition, the Fund may waive the early repurchase deduction in respect of repurchase of Shares resulting from the death, qualifying disability or divorce of a shareholder. Shares repurchased will be treated as having been repurchased on a "first in-first out" basis, unless a Shareholder selects an alternative cost basis method. Under the "first in-first out" method, the portion of Shares repurchased will be deemed to have been taken from the earliest Shares purchased by such Shareholder.

A Shareholder who tenders some but not all of such Shareholder's Shares for repurchase will be required to maintain a minimum account balance of $500 in the Fund. Such minimum account balance requirement may be waived by the Fund, in its sole discretion. The Fund reserves the right to reduce the number of Shares to be repurchased from a Shareholder so that the required account balance is maintained.

As discussed in Section 1, the Fund is limiting the aggregate number of Shares to be repurchased to 5% of the total outstanding Shares as of June 30, 2025. The actual number of Shares that will be repurchased and the Fund's total cost of purchasing Shares pursuant to the Offer is not determinable at this time. The Fund expects that the purchase price for Shares acquired pursuant to the Offer to Purchase will be derived from cash on hand (including cash received from investments in the Fund), borrowings and/or proceeds from the sale of portfolio holdings. Payment for repurchased shares may require the Fund to liquidate portfolio holdings earlier than the Adviser would otherwise have caused these holdings to be liquidated, potentially resulting in losses, and may increase our investment-related expenses as a result of higher portfolio turnover rate. The Fund intends to take measures, subject to policies as may be established by the Board, to attempt to avoid or minimize potential losses and expenses resulting from the repurchase of shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.Certain Conditions of the Offer.** 

The Fund may extend the period of time the Offer will be open by issuing a press release or making some other public announcement by no later than the next business day after the Offer otherwise would have expired. If the Fund elects to extend the tender period, the Valuation Date may occur after September 30, 2025. During any such extension, all Shares previously tendered and not withdrawn will remain subject to the Offer. The Fund also reserves the right, at any time and from time to time, up to and including acceptance of tenders pursuant to the Offer, to: (a) cancel the Offer and in the event of such cancellation, not to purchase or pay for any Shares tendered pursuant to the Offer; (b) amend the Offer; or (c) postpone the acceptance of Shares tendered. If the Fund determines to amend the Offer or to postpone the acceptance of Shares tendered, it will, to the extent necessary, extend the period of time during which the Offer is open as provided above and will promptly notify Shareholders.

Please note that just as you have the opportunity to withdraw Shares that you have tendered under certain circumstances, the Fund has the right to cancel, amend or postpone the Offer at any time before accepting tendered

------

Shares. The Fund may cancel the Offer, amend the Offer or postpone the acceptance of tenders made pursuant to the Offer if: (a) the Fund would not be able to liquidate portfolio securities in a manner that is orderly and consistent with the Fund's investment objective and policies in order to purchase Shares tendered pursuant to the Offer; (b) there is, in the Board's judgment, any (i) legal action or proceeding instituted or threatened challenging the Offer or that otherwise would have a material adverse effect on the Fund, (ii) declaration of a banking moratorium by Federal or state authorities or any suspension of payment by banks in the United States or New York State that is material to the Fund, (iii) limitation imposed by Federal or state authorities on the extension of credit by lending institutions, (iv) suspension of trading on any organized exchange or over-the-counter market where the Fund has a material investment, (v) commencement of war, armed hostilities or other international or national calamity directly or indirectly involving the United States that is material to the Fund, (vi) material decrease in the estimated net asset value of the Fund from the estimated net asset value of the Fund as of the commencement of the Offer, or (vii) other event or condition that would have a material adverse effect on the Fund or its Shareholders if Shares tendered pursuant to the Offer were purchased; or (c) the independent trustees of the Board determine that it is not in the best interest of the Fund to purchase Shares pursuant to the Offer. However, there can be no assurance that the Fund will exercise its right to extend, amend or cancel the Offer or to postpone acceptance of tenders pursuant to the Offer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.Certain Information about the Fund.** 

The Fund is a non-diversified, closed-end management investment company that has elected to be regulated as a business development company under the 1940 Act and is organized as a Delaware statutory trust. The principal executive office of the Fund is located at 375 Park Avenue, 9th Floor, New York, New York 10512 and the Fund's telephone number is (212) 478-9200. The Shares are not traded on any established trading market.

The Fund does not have any plans or proposals that relate to or would result in: (a) the acquisition by any person of additional Shares (other than the Fund's intention to accept purchases for Shares from time to time, the DRIP or otherwise in the discretion of the Fund) or the disposition of Shares (except for periodic discretionary solicitations of tender offers); (b) an extraordinary transaction, such as a merger, reorganization or liquidation, involving the Fund; (c) any material change in the present distribution policy or indebtedness or capitalization of the Fund; (d) any change in the identity of the investment adviser or trustees of the Board, or in the management of the Fund including, but not limited to, any plans or proposals to change the number or the term of the trustees, to change any material term of the investment advisory arrangements with the Adviser; (e) a sale or transfer of a material amount of assets of the Fund (other than as the trustees determine may be necessary or appropriate to fund any portion of the purchase price for Shares acquired pursuant to this Offer to Purchase or in connection with the ordinary portfolio transactions of the Fund); (f) any other material change in the Fund's structure or business, including any plans or proposals to make any changes in its fundamental investment policy for which a vote would be required by Section 13 of the 1940 Act; or (g) any changes in the Sixth Amended and Restated Declaration of Trust, the Fifth Amended and Restated Bylaws, or the Prospectus or other actions that may impede the acquisition of control of the Fund by any person.

Based on the number of Shares outstanding as of June 30, 2025, the following persons (the named individuals being the trustees and officers) own the number of Shares indicated in the below table:

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| | | |
|:---|:---|:---|
| | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Shares Beneficially Owned** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Shares Beneficially Owned** |
| **Name and Address** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Number** | **Percentage**<sup>(1)</sup> |
| **Interested Trustees**<sup>(2)</sup> | | |
| &nbsp;&nbsp;&nbsp;Kenneth Kencel<sup>(3)</sup> | 10085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\* |
| &nbsp;&nbsp;&nbsp;William Huffman |  |  |
| **Independent Trustees**<sup>(2)</sup> |  |  |
| &nbsp;&nbsp;&nbsp;Stephen Potter<sup>(4)</sup> | 12353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\* |
| &nbsp;&nbsp;&nbsp;James Ritchie<sup>(5)</sup> | 24477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\* |
| &nbsp;&nbsp;&nbsp;Dee Dee Sklar<sup>(6)</sup> | 2286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\* |
| &nbsp;&nbsp;&nbsp;Sarah Smith |  |  |
| **Executive Officers who are not Trustees**<sup>(2)</sup> |  |  |
| &nbsp;&nbsp;&nbsp;Shai Vichness |  |  |
| &nbsp;&nbsp;&nbsp;Charmagne Kukulka |  |  |
| &nbsp;&nbsp;&nbsp;John McCally |  |  |
| &nbsp;&nbsp;&nbsp;Marissa Hassen |  |  |
| **5% Holders** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Teachers Insurance and Annuity Association of America<sup>(7)</sup> | 4035125 | 9.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Income Insurance Ltd<sup>(8)</sup> | 4209924 | 9.5% |
| **All Trustees and Executive Officers as a group (10 persons)**<sup>(2)</sup> | 49201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\* |

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__________________

\*&nbsp;&nbsp;&nbsp;&nbsp;Less than 1%

(1)Percentage of beneficial interest is based on 44,279,384 Shares outstanding as of June 30, 2025.

(2)The address for all of the Fund's executive officers and trustees is c/o Nuveen Churchill Private Capital Income Fund, 375 Park Avenue, 9<sup>th</sup> Floor, New York, NY 10152.

(3)Mr. Kencel holds all of his Class I Shares indirectly: (i) 5,042.356 Class I Shares are held through a trust; and (ii) 5,042.356 Class I Shares are held through a trust pursuant to which Mr. Kencel's spouse retains sole voting and dispositive power.

(4)Mr. Potter holds all of his Class I Shares indirectly through a trust.

(5)Mr. Ritchie holds 12,238.726 Class I Shares directly, and is deemed to have an indirect beneficial interest in 12,238.726 Class I Shares owned by his spouse.

(6)Ms. Sklar holds all of her Class I Shares indirectly through a joint account, pursuant to which she has shared voting and dispositive power.

(7)The address of Teachers Insurance and Annuity Association of America ("TIAA") is 730 Third Avenue, New York, NY 10017. TIAA holds (i) 2,260,560 Class I Shares directly, (ii) 1,087,107 Class I Shares indirectly through a private fund managed by Churchill in which TIAA is the sole investor, and (iii) 687,458 Class I Shares indirectly through a private fund that TIAA controls. In connection with the Fund's formation, on March 30, 2022, the Fund issued and sold 40 Class I Shares to TIAA, for an aggregate purchase price of $1,000. In addition, on March 31, 2022, prior to the Fund's election to be regulated as a business development company under the 1940 Act, TIAA contributed certain portfolio investments to the Fund and NCPIF SPV I LLC (n/k/a Churchill NCPCIF CLO-I LLC), a wholly owned subsidiary of the Fund, in the amount of $296,231,000 (fair value as of March 31, 2022). In connection therewith, the Fund issued to TIAA 10,540,000 shares of the Class I shares at $25.00. Class I shares owned by TIAA are subject to additional restrictions. TIAA may submit its Class I shares for repurchase beginning on March 31, 2027. The total amount of repurchases of TIAA shares eligible for redemption will be limited to no more than 1.67% of the Fund's aggregate net asset value per calendar quarter; provided that, if in any quarter the total amount of aggregate repurchase requests of all classes of beneficial interest does not exceed the overall share repurchase plan limits of 5% of the aggregate net asset value per calendar quarter, the above redemption limits on the TIAA shares will not apply to that quarter and TIAA will be entitled to redeem up to the overall share repurchase plan limits. Notwithstanding the foregoing, TIAA may sell a portion of its Class I Shares to unaffiliated investors in reliance upon an exemption from registration under the Securities Act of 1933, as amended (the "Securities Act"), which is described further below.

(8)The address of Income Insurance Ltd ("Income") is 75 Bras Basah Road, Income Centre, Singapore, 189557. Income hold of its Class I Shares directly. NTUC Enterprise Co-Operative Ltd, the parent company of Income, may be deemed to beneficially own the Class I Shares that are directly held by Income.

None of the trustees or executive officers listed above intends to tender any of his or her Shares in the Offer.

During the sixty (60) days prior to August 29, 2025, the Fund has issued to trustees an aggregate of approximately 29,113 Shares, including the net impact of Shares issued pursuant to the Fund's DRIP, for net proceeds of approximately $714,444. Except for the foregoing, and based upon the Fund's records and upon

------

information provided to the Fund, there have not been any other transactions in Shares that as of August 29, 2025 were effected during such period by any of the trustees or executive officers of the Fund, the Adviser, Churchill, any person controlling the Fund, any director or executive officer of any entity or other person ultimately in control of the Fund, any associate or minority-owned subsidiary of the Fund or any executive officer or trustee of any subsidiary of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.Tender by DRIP Participants.** 

If you are a participant in the Fund's DRIP and elect to tender your Shares in full, any Shares issued to you under the DRIP subsequent to the expiration of the tender offer will be considered part of your prior tender, and your participation in the DRIP will be terminated as of the Expiration Date of the applicable tender offer. Any distributions to be paid to you on or after the Expiration Date will be paid in cash on the scheduled distribution payment date.

If you are a participant in the DRIP that elects to tender a portion of your Shares, your participation with respect to your Shares that were tendered will be terminated as of the Expiration Date of the applicable tender offer. For the avoidance of doubt, your participation in the DRIP with respect to the Shares that were tendered will be terminated as of the Expiration Date of the applicable tender offer regardless of whether all the Shares tendered are ultimately repurchased. Any distributions to be paid to you on or after the Expiration Date from the tendered Shares (whether or not the Shares were repurchased) will be paid in cash on the scheduled distribution payment date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.Certain Federal Income Tax Consequences.** 

The following discussion is a general summary of the U.S. federal income tax consequences of the purchase of Shares by the Fund from Shareholders pursuant to the Offer. This summary is based on U.S. federal income tax law as of the date hereof, including the Internal Revenue Code of 1986, as amended (the "Code"), applicable Treasury regulations, Internal Revenue Service ("IRS") rulings, judicial authority and current administrative rulings and practice, all of which are subject to change, possibly with retroactive effect. There can be no assurance that the IRS would not assert, or that a court would not sustain, a position contrary to any of those set forth below, and the Fund has not obtained, nor does the Fund intend to obtain, a ruling from the IRS or an opinion of counsel with respect to any of the consequences described below. For more detailed information regarding tax considerations applicable to a purchase of Shares by the Fund pursuant to the Offer, and ownership of Shares of the Fund in general, see the Prospectus. Shareholders should also consult their own tax advisor regarding their particular situation and the potential tax consequences of a purchase of their Shares by the Fund pursuant to the Offer, including but not limited to potential state, local and non-U.S. taxation, as well as any applicable transfer taxes.

Except where noted, this discussion deals only with Shares held as capital assets and does not deal with all tax consequences that may be relevant to Shareholders in light of their particular circumstances or to Shareholders subject to special tax rules (including, without limitation, partnerships or other pass-through entities (and investors therein), dealers or traders in securities, financial institutions, tax-exempt organizations, insurance companies, certain former citizens or long-term residents of the United States, persons liable for the alternative minimum tax, persons holding Shares as a part of a hedging, conversion or constructive sale transaction or a straddle, nonresident alien individuals present in the United States for 183 days or more during the taxable year in which their Shares are repurchased pursuant to the Offer or persons whose functional currency is not the U.S. dollar).

As used herein, the term "U.S. Shareholder" means a beneficial owner of Shares that is, for U.S. federal income tax purposes: (i) a citizen or individual resident of the United States, (ii) a corporation, or other entity that is treated as a corporation, created or organized in or under the laws of the United States or any State thereof or the District of Columbia, (iii) an estate the income of which is subject to U.S. federal income tax regardless of the source of such income, or (iv) a trust if (a) a court within the United States is able to exercise primary supervision over the administration of the trust and one or more U.S. persons (as defined in the Code) have the authority to control all substantial decisions of the trust or (b) the trust has a valid election in effect under applicable Treasury regulations to be treated as a U.S. person. The term "Non-U.S. Shareholder" means a beneficial owner of Shares that is neither a U.S. Shareholder nor a partnership (or other entity or arrangement treated as a partnership for U.S. federal income tax purposes).

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If a partnership (including an entity or arrangement treated as a partnership for U.S. federal income tax purposes) holds Shares, the tax treatment of a partner in the partnership generally will depend upon the status of the partner and the activities of the partnership. Any partner of a partnership holding Shares should consult its tax advisor with respect to the purchase, ownership and disposition of such Shares.

**U.S. Shareholders.** The sale of Shares pursuant to the Offer generally will be a taxable transaction for U.S. federal income tax purposes, either as a "sale or exchange," or under certain circumstances, as a "dividend." Under section 302(b) of the Code, a U.S. Shareholder (other than a tax-exempt Shareholder) whose Shares are repurchased pursuant to the Offer generally will be treated as having sold the Shares and will recognize gain or loss for U.S. federal income tax purposes, so long as either (a) such U.S. Shareholder tenders, and the Fund repurchases, all of such U.S. Shareholder's Shares (i.e., reduces such U.S. Shareholder's percentage ownership of the Fund to 0%), (b) such U.S. Shareholder meets numerical safe harbors with respect to percentage voting interest and reduction in ownership of the Fund following the completion of the Offer, or (c) the tender otherwise results in a payment to such U.S. Shareholder that is not essentially equivalent to a dividend, which determination depends on a U.S. Shareholder's particular facts and circumstances, including the initial size of and extent to which a U.S. Shareholder's ownership percentage interest in the Fund is reduced. For these purposes, a shareholder's ownership of the Fund is determined after applying the ownership attribution rules under section 318 of the Code. The gain or loss recognized by a U.S. Shareholder in such case generally will equal the difference between the price paid by the Fund for the Shares pursuant to the Offer and the U.S. Shareholder's adjusted tax basis in the Shares sold. A tendering U.S. Shareholder's gain or loss generally will be a capital gain or loss. A capital gain or loss generally will be treated as a long-term capital gain or loss if the Shares have been held for more than one year and as a short-term capital gain or loss if the Shares have been held for one year or less. Long-term capital gains currently are subject to a reduced rate of U.S. federal income tax. In addition, the Code generally imposes a 3.8% Medicare contribution tax on the net investment income of certain individuals, estates and trusts to the extent their income exceeds certain threshold amounts. For these purposes, "net investment income" generally includes, among other things, (i) distributions paid by the Fund of net investment income and capital gains, and (ii) any net gain from the sale, exchange or other taxable disposition of the Shares.

In the event that a tendering U.S. Shareholder's ownership (or deemed ownership under section 318 of the Code) of Shares of the Fund is not reduced to the extent required under the tests described above, such U.S. Shareholder would generally be deemed to receive a distribution from the Fund under section 301 of the Code with respect to the Shares held by the U.S. Shareholder after the tender. Such distribution, which would equal the price paid by the Fund to such U.S. Shareholder for the Shares sold, would be taxable as a dividend to the extent of the Fund's current and accumulated earnings and profits allocable to such distribution, with the excess treated as a return of capital reducing the U.S. Shareholder's adjusted tax basis in the Shares, and thereafter as capital gain. If any amounts received by a U.S. Shareholder are treated as a dividend, the adjusted tax basis (after any adjustment for a return of capital) in the Shares sold pursuant to the Offer generally will be transferred to any remaining Shares held by the U.S. Shareholder. It is not expected that any amount treated as a dividend will be eligible for the dividends received deduction allowed to corporations or for the reduced U.S. federal income tax rates that are currently imposed on certain "qualified dividend income" received by non-corporate U.S. Shareholders.

In addition, if a tender of Shares is treated as a "dividend" to a tendering shareholder, the IRS may take the position that a constructive distribution under section 305(c) of the Code may result to a shareholder whose proportionate interest in the earnings and assets of the Fund has been increased by such tender. Shareholders are urged to consult their own tax advisors regarding the possibility of deemed distributions resulting from the sale of Shares pursuant to the Offer.

Under the "wash sale" rules under the Code, provided the tender of Shares pursuant to the Offer is treated as a sale or exchange (and not a distribution as described above), loss recognized on Shares sold pursuant to the Offer will ordinarily be disallowed to the extent the U.S. Shareholder acquires other Shares of the Fund (whether through automatic reinvestment of dividends or otherwise) or substantially identical stock or securities within 30 days before or after the date the tendered Shares are purchased pursuant to the Offer. In that event, the tax basis and holding period of the Shares (or substantially identical stock or securities) acquired will be adjusted to reflect the disallowed loss. Any loss realized by a U.S. Shareholder on the sale of Shares held by the U.S. Shareholder for six months or

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less will be treated for U.S. federal income tax purposes as a long-term capital loss to the extent of any distributions or deemed distributions of long-term capital gains received by the U.S. Shareholder with respect to such Shares. A U.S. Shareholder's ability to utilize capital losses may be limited under the Code.

The Fund may be required to impose backup withholding at a rate of 24% on the gross proceeds paid to a U.S. Shareholder or other payee pursuant to the Offer unless either: (a) the U.S. Shareholder has completed and submitted to the Fund an IRS Form W-9 (or Substitute Form W-9), providing the U.S. Shareholder's U.S. taxpayer identification number, which for an individual U.S. Shareholder, generally, is his or her social security number, and certifying under penalties of perjury that: (1) such number is correct; (2) either (i) the U.S. Shareholder is exempt from backup withholding, (ii) the U.S. Shareholder has not been notified by the IRS that the U.S. Shareholder is subject to backup withholding as a result of an under-reporting of interest or dividends, or (iii) the IRS has notified the U.S. Shareholder that the U.S. Shareholder is no longer subject to backup withholding; or (b) an exception applies under applicable law.

**Non-U.S. Shareholders.** Generally, if a Non-U.S. Shareholder's sale of Shares pursuant to the Offer is respected as a sale or exchange for U.S. federal income tax purposes pursuant to section 302(b) of the Code (as discussed above), any gain realized by the Non-U.S. Shareholder will not be subject to U.S. federal income tax or to any U.S. tax withholding, provided that such gain is not effectively connected with a trade or business carried on in the United States by the Non-U.S. Shareholder (and if an income tax treaty applies, such gain is not attributable to a permanent establishment maintained by the Non-U.S. Shareholder in the United States). If, however, all or a portion of the proceeds received by a tendering Non-U.S. Shareholder is treated for U.S. federal income tax purposes as a distribution by the Fund that is a dividend, or if a Non-U.S. Shareholder is otherwise treated as receiving a deemed distribution that is a dividend by reason of the Non-U.S. Shareholder's increase in its percentage ownership of the Fund resulting from other Shareholders' sale of Shares pursuant to the Offer, and, as discussed in greater detail in the Prospectus, absent a statutory exemption, the dividend received or deemed received by the Non-U.S. Shareholder will be subject to a U.S. withholding tax of 30% (or a reduced rate pursuant to an applicable income tax treaty). Such withholding will not apply, however, if the dividend income is effectively connected with a trade or business carried on in the United States by the Non-U.S. Shareholder (and if an income tax treaty applies, to the extent that the dividend income is attributable to a permanent establishment maintained by the Non-U.S. Shareholder in the United States) and the Non-U.S. Shareholder complies with applicable certification requirements (generally, by furnishing an IRS Form W-8ECI). If any gain or dividend income realized in connection with the tender of Shares by a Non-U.S. Shareholder is effectively connected with a trade or business carried on in the United States (and if an income tax treaty applies, such gain or dividend income, as applicable, is attributable to a permanent establishment maintained by the Non-U.S. Shareholder in the United States), such gain or dividend income generally will be subject to tax imposed at the regular rates applicable to U.S. Shareholders. In addition, if the Non-U.S. Shareholder is a non-U.S. corporation, it may be subject to a branch profits tax of 30% (or a reduced rate pursuant to an applicable income tax treaty) on its income that is effectively connected with a trade or business carried on in the United States by such Non-U.S. Shareholder (and if an income tax treaty applies, to the extent that the income is attributable to a permanent establishment maintained by the Non-U.S. Shareholder in the United States). In order to qualify for an exemption from withholding for effectively connected income or for lower withholding tax rates under income tax treaties, or to establish an exemption from backup withholding, a Non-U.S. Shareholder must comply with special certification and filing requirements relating to its non-U.S. status (including, in general, furnishing an IRS Form W-8ECI, W-8BEN or W-8BEN-E, as applicable, or any substitute form). Because an applicable withholding agent may not be able to determine if a particular Non-U.S. Shareholder qualifies for sale or exchange treatment pursuant to section 302(b) of the Code, such agent may withhold U.S. federal income tax equal to 30% of the gross payments payable to a Non-U.S. Shareholder unless the agent determines that an exemption or a reduced rate of withholding is available as discussed above.

However, a Non-U.S. Shareholder may be eligible to obtain a refund of all or a portion of any tax withheld if such Non-U.S. Shareholder establishes that it qualifies for sale or exchange treatment pursuant to section 302(b) of the Code or is otherwise able to establish that no tax or a reduced amount of tax is due. See the section of the Fund's Prospectus entitled "Certain U.S. Federal Income Tax Considerations-Taxation of Non-U.S. Shareholders" for further information concerning the taxation of Non-U.S. Shareholders. Non-U.S. Shareholders are urged to consult their tax advisors regarding the application of U.S. federal income tax rules, including withholding, to their tender of Shares.

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Non-U.S. Shareholders should provide the Fund with a properly completed IRS Form W-8BEN, Form W-8BEN-E, Form W-8IMY, Form W-8ECI or other applicable form in order to avoid backup withholding imposed at a rate of 24% on the cash they receive from the Fund regardless of how they are taxed with respect to their tender of the Shares involved.

**FATCA.** Legislation commonly referred to as the "Foreign Account Tax Compliance Act," or "FATCA," generally imposes a 30% withholding tax on payments of certain types of income to foreign financial institutions ("FFIs") unless such FFIs either (i) enter into an agreement with the U.S. Treasury to report certain required information with respect to accounts held by certain specified U.S. persons (or held by foreign entities that have certain specified U.S. persons as substantial owners) or (ii) reside in a jurisdiction that has entered into an intergovernmental agreement ("IGA") with the United States to collect and share such information and are in compliance with the terms of such IGA and any enabling legislation or regulation. The types of income subject to the tax include U.S. source interest and dividends. While the Code would also require withholding on payments of the gross proceeds from the sale of any property that could produce U.S.-source interest or dividends, the U.S. Treasury Department has indicated its intent to eliminate this requirement in proposed regulations, which state that taxpayers may rely on the proposed regulations until final regulations are issued. The information required to be reported includes the identity and taxpayer identification number of each account holder that is a specified U.S. person and certain financial information associated with the holder's account. In addition, subject to certain exceptions, FATCA also imposes a 30% withholding on certain payments to certain foreign entities that are not FFIs unless such foreign entities certify that they do not have a greater than 10% owner that is a specified U.S. person or provide the withholding agent with identifying information on each greater than 10% owner that is a specified U.S. person. Depending on the status of the Non-U.S. Shareholder and the status of the intermediaries through which such Non-U.S. Shareholder holds its Shares, if a Non-U.S. Shareholder is deemed to receive a dividend, such Non-U.S. Shareholder may be subject to this 30% withholding tax with respect to distributions on their Shares. Under certain circumstances, a Non-U.S. Shareholder might be eligible for refunds or credits of such taxes.

**Other Tax Consequences.** The Fund's purchase of Shares in the Offer may directly result in, or contribute to a subsequent, limitation on the Fund's ability to use capital loss carryforwards to offset future gains.

Payments for repurchased Shares may require the Fund to liquidate all or a portion of its portfolio holdings. Such action could give rise to increased taxable distributions to Shareholders, including distributions of ordinary income or short-term capital gains taxable to individuals as ordinary income.

Under Treasury regulations directed at tax shelter activity, if a Shareholder recognizes a loss of $2 million or more for an individual Shareholder or $10 million or more for a corporate Shareholder in any single taxable year (or a greater loss over a combination of years), such Shareholder must file with the IRS a disclosure statement on Form 8886. Direct holders of portfolio securities are in many cases excepted from this reporting requirement, but under current guidance, shareholders of a regulated investment company ("RIC"), such as the Fund, are not excepted. Future guidance may extend the current exception from this reporting requirement to shareholders of most or all RICs. The fact that a loss is reportable under these regulations does not affect the legal determination of whether the taxpayer's treatment of the loss is proper.

Shareholders should consult their own tax advisors concerning any possible disclosure obligation with respect to their disposition of Shares pursuant to the Offer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**11.Miscellaneous.** 

The Offer is not being made to, nor will tenders be accepted from, Shareholders in any jurisdiction in which the Offer or its acceptance would not comply with the securities or Blue Sky laws of such jurisdiction. The Fund is not aware of any jurisdiction in which the Offer or tenders pursuant thereto would not be in compliance with the laws of such jurisdiction. However, the Fund reserves the right to exclude Shareholders from the Offer in any jurisdiction in which it is asserted that the Offer cannot lawfully be made.

The Fund believes such exclusion is permissible under applicable laws and regulations, provided the Fund makes a good faith effort to comply with any state law deemed applicable to the Offer.

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The Fund has filed an Issuer Tender Offer Statement on Schedule TO with the Securities and Exchange Commission (the "SEC"), which includes certain information relating to the Offer summarized herein. A free copy of such statement may be obtained from the Fund's website (www.nuveen.com/pcap), by contacting the Transfer Agent at (833) 688-3368, or from the SEC's website (www.sec.gov).

**Financial Statements** 

The audited annual financial statements of the Fund as of December 31, 2024 and the unaudited financial statements of the Fund for the six months ended June 30, 2025, filed with the SEC on EDGAR on March 5, 2025 and August 8, 2025, respectively, are incorporated herein by reference. The Fund will prepare and make available to Shareholders the audited annual financial statements of the Fund within 90 days after the close of the period for which the report is being made, or as otherwise required by the 1940 Act.

## Ex-99.(A)(1)(Iii)

***Exhibit (a)(1)(iii)***

***Letter of Transmittal***

***Regarding Shares in Nuveen Churchill Private Capital Income Fund***

***Tendered Pursuant to the Offer to Purchase***

***Dated August 29, 2025***

*The Offer and withdrawal rights will expire on September 29, 2025 and* 

*this Letter of Transmittal must be received by* 

*the Fund's Transfer Agent, either by mail or by e-mail, by 11:59 p.m.,* 

*Eastern Time, on September 29, 2025, unless the Offer is extended* 

*Complete this Letter of Transmittal and follow the Transmittal* 

*Instructions included herein* 

Dear Shareholders:

The undersigned hereby tenders to Nuveen Churchill Private Capital Income Fund, a non-diversified, closed-end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended (the "1940 Act"), and is organized as a Delaware statutory trust (the "Fund"), the shares of beneficial interest in the Fund (the "Shares") or portion thereof held by the undersigned, described and specified below, on the terms and conditions set forth in the Offer to Purchase dated August 29, 2025 (the "Offer to Purchase"), receipt of which is hereby acknowledged, and in this Letter of Transmittal (which together with the Offer to Purchase constitute the "Offer"). *The Tender and this Letter of Transmittal are subject to all the terms and conditions set forth in the Offer to Purchase, including, but not limited to, the absolute right of the Fund to reject any and all tenders determined by it, in its sole discretion, not to be in the appropriate form.*

The undersigned hereby sells to the Fund the Shares or portion thereof tendered hereby pursuant to the Offer.

The undersigned hereby warrants that the undersigned has full authority to sell the Shares or portion thereof tendered hereby and that the Fund will acquire good title thereto, free and clear of all liens, charges, encumbrances, conditional sales agreements or other obligations relating to the sale thereof, and not subject to any adverse claim, when and to the extent the same are purchased by it. Upon request, the undersigned will execute and deliver any additional documents necessary to complete the sale in accordance with the terms of the Offer. The undersigned recognizes that under certain circumstances set forth in the Offer, the Fund may not be required to purchase any of the Shares or portions thereof tendered hereby.

The undersigned understands that acceptance of Shares by the Fund for payment will constitute a binding agreement between the undersigned and the Fund upon the terms and subject to the conditions of the Offer. The undersigned understands that the payment of the purchase price (as set forth in the Offer to Purchase) for the Shares accepted for purchase by the Fund will be made by the Fund promptly in the form of a non-transferrable, non-interest bearing promissory note (a "Note") following the expiration of the Offer. The undersigned acknowledges that SS&C GIDS, Inc., the Fund's transfer agent, will hold the Note on behalf of the undersigned. Following the determination of the purchase price, payment of the purchase price for the Shares tendered by the undersigned will be made on behalf of the Fund by check or wire transfer to the account identified by the undersigned below.

If the undersigned participates in the Fund's distribution reinvestment plan, the undersigned will continue to participate in the distribution reinvestment plan unless the Fund is otherwise notified by SS&C GIDS, Inc., the distribution reinvestment plan administrator. Notwithstanding the foregoing, if the undersigned tenders all of their Shares in the Offer (whether or not the Fund accepts all such Shares for payment pursuant to the Offer), the undersigned's participation in the distribution reinvestment plan will automatically cease with respect to distributions scheduled to be paid after the Expiration Date.

All authority herein conferred or agreed to be conferred shall survive the death or incapacity of the undersigned and the obligation of the undersigned hereunder shall be binding on the heirs, personal representatives, successors and assigns of the undersigned. Except as stated in Section 5 "Withdrawal Rights" of the Offer to Purchase, this tender is irrevocable.

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**<u>VALUATION DATE</u>: September 30, 2025**

**<u>TENDER OFFER EXPIRATION DATE</u>: 11:59 p.m. (Eastern Time), September 29, 2025**

**PARTS 1, 2, 3, 4, AND 5 MUST BE COMPLETED AND IN GOOD ORDER IN ORDER TO PROCESS YOUR REQUEST** 

**If You Invest In The Fund Through A Financial Intermediary Through Whom You Expect To Have Your Tender Offer Request Submitted, Please Allow For Additional Processing Time As The <u>Letter of Transmittal Must Ultimately Be Received By The Fund's Transfer Agent No Later Than 11:59 p.m. (Eastern Time) On The Expiration Date</u>.** 

**PLEASE SEND COMPLETED FORMS TO YOUR FINANCIAL ADVISOR / PORTFOLIO MANAGER** 

**PART 1 - NAME (AS IT APPEARS ON YOUR NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND STATEMENT) AND CONTACT INFORMATION** 

Fund Name:

Fund Account #:

Account Name/Registration:

Share Class:

Address:

City, State, Zip:

Telephone Number:

Email Address:

Financial Intermediary Firm Name:

Financial Intermediary Account #:

Financial Advisor Name:

Financial Advisor Telephone #:

**PART 2 - REQUESTED TENDER AMOUNT** 

**Please select repurchase type by checking one of the boxes below. If you are requesting a partial repurchase, please provide a number of Shares.** 

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| | |
|:---|:---|
| | Full Repurchase |
| | Partial Repurchase\* of ____**#** Class I Shares (please only provide a number of Shares, **<u>not</u>** a dollar amount) |
| | Partial Repurchase\* of ____**#** Class S Shares (please only provide a number of Shares, **<u>not</u>** a dollar amount) |
| | Partial Repurchase\* of ____**#** Class D Shares (please only provide a number of Shares, **<u>not</u>** a dollar amount) |
| \* | If the requested partial repurchase would put the account balance below the required minimum balance, the Fund may reduce the amount to be repurchased such that the required minimum balance is maintained, unless you indicate otherwise by checking the following box: |
|  | Change request to Full Repurchase if amount requested to be repurchased would need to be reduced to maintain minimum account balance |
| **PART 3 - REPURCHASE TYPE *(Check one, required)*** | **PART 3 - REPURCHASE TYPE *(Check one, required)*** |

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 Normal Death Disability Divorce

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**OTHER TENDER OFFER CONSIDERATIONS** 

(*select only one*)

Our share repurchase plan contains limitations on the number of shares that can be repurchased under the share repurchase plan during any quarter. In addition to these limitations, we cannot guarantee that we will have sufficient funds to accommodate all repurchase requests made in any applicable repurchase period and we may elect to repurchase fewer shares than have been requested in any particular quarter, or none at all. If the number of shares subject to repurchase requests exceeds the then applicable limitations, or if we otherwise do not make all requested repurchases, each shareholder's request will be reduced on a pro rata basis. If repurchase requests are reduced on a pro rata basis, you may elect (at the time of your repurchase request) to either withdraw your entire request for repurchase or have your request honored on a pro-rata basis. If you wish to have the remainder of your initial request repurchased, you must submit a new repurchase request, in the next repurchase period, for the remaining amount. **Please select one of the following options below. If an option is not selected, your repurchase request will be processed on a pro-rata basis, if needed.**

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| |
|:---|
| Process my repurchase request on a pro-rata basis. |
| Withdraw (do not process) my entire repurchase request if amount will be reduced on a pro-rata basis. |

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As set forth in the Fund's prospectus dated August 18, 2025 as amended and/or supplemented from time to time (the "Prospectus"), there is a limit (the "Fee Cap") on the aggregate amount of total upfront selling commissions, intermediary manager fees and shareholder servicing and/or distribution fees (the "Fees") that can be charged to you while you hold your Fund investment in Class D or Class S Shares. The Fee Cap is a percentage of the gross proceeds of your Fund investment as described in the Prospectus. Once the Fee Cap has been met, you will no longer be charged the Fees, and your Class D or Class S Shares, as applicable, will convert into Class I Shares without any action required on your part. Please see the section "Plan of Distribution" in the Prospectus for additional details. **By signing below, you acknowledge and agree that you are aware of the Fee Cap and that you have taken the Fee Cap into consideration in determining whether to repurchase some or all of your interests in the Fund.** 

**PART 4 - COST BASIS SELECTION *(Select only one)*** 

U.S. federal income tax information reporting rules generally apply to certain transactions in our shares. Where they apply, the "cost basis" calculated for the shares involved will be reported to the Internal Revenue Service and to you. Generally these rules apply to our shares, including those purchased through our distribution reinvestment plan. You should consult your own tax advisor regarding the consequences of these rules and your cost basis reporting options.

Indicate below the cost basis method you would like us to apply.

IMPORTANT: If an option is not selected, your cost basis will be calculated using the FIFO method.

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| |
|:---|
| FIFO (First - In / First Out) |
| LIFO (Last - In / First Out) *Consult your tax advisor to determine whether this method is available to you*. |
| Specific Lots |

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If you have selected "Specific Lots," please identify the lots below:

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| | |
|:---|:---|
| Date of Purchase: | Amount of Purchase: |
| Date of Purchase: | Amount of Purchase: |
| Date of Purchase: | Amount of Purchase: |

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**PART 5 - PAYMENT** 

Payments will be directed back to the account from which your subscription funds were debited. Contact your financial intermediary or account manager if you have any questions.

**PART 6 - SIGNATURE(S)** 

The undersigned subscriber acknowledges that this request is subject to all the terms and conditions set forth in the Prospectus and the Offer to Purchase dated August 29, 2025 (the "Offer to Purchase") and all capitalized terms used herein have the meaning as defined in the Prospectus. This request is irrevocable except as described in the Offer to Purchase. The undersigned represents that the undersigned is the beneficial owner of the shares in the Fund to which this repurchase request relates, or that the person signing this request is an authorized representative of the tendering shareholder.

In the case of joint accounts, each joint holder must sign this repurchase request. Requests on behalf of a foundation, partnership or any other entity should be accompanied by evidence of the authority of the person(s) signing.

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| | | | | |
|:---|:---|:---|:---|:---|
| Signature | Print Name of Authorized Signatory (and Title if applicable) | Print Name of Authorized Signatory (and Title if applicable) | Date | Date |
| Signature | Print Name of Authorized Signatory (and Title if applicable) | Print Name of Authorized Signatory (and Title if applicable) | &nbsp;&nbsp;&nbsp;Date | &nbsp;&nbsp;&nbsp;Date |
| Signature | | Print Name of Custodian | | Date |

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## Ex-99.(A)(1)(Iv)

***Exhibit (a)(1)(iv)***

**Form of Letter from the Fund to Shareholders** 

**in Connection with the Fund's Acceptance of Shares** 

NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND

C/O SS&C GIDS, Inc.

PO Box 219307

Kansas City, MO 64121-9097

[DATE]

[SHAREHOLDER NAME/ADDRESS]

Dear Shareholder:

This letter serves to inform you that Nuveen Churchill Private Capital Income Fund (the "Fund") has received and accepted for purchase your tender of shares of beneficial interest in the Fund.

In accordance with the terms of the tender offer, you will be issued a non-interest bearing, non-transferable promissory note (the "Note"), which will be held on your behalf by SS&C GIDS, Inc., the Fund's transfer agent (the "Transfer Agent"), entitling you to receive payment(s) in an aggregate amount equal to the net asset value of the tendered shares as of September 30, 2025, less the 2% "early repurchase deduction" (if applicable and as described in the Fund's prospectus).

If you have any questions, or if you wish to request a copy of your Note, please contact the Transfer Agent at 833-688-3368.

Sincerely,

Nuveen Churchill Private Capital Income Fund

## Ex-99.(A)(1)(V)

***Exhibit (a)(1)(v)***

**Form of Promissory Note for Repurchases of your Shares** 

**NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND** 

&nbsp;&nbsp;&nbsp;&nbsp;Dated: [insert date] &nbsp;&nbsp;&nbsp;&nbsp;

FOR VALUE RECEIVED, Nuveen Churchill Private Capital Income Fund ("Payor" or the "Fund"), a Delaware statutory trust issuing its shares of beneficial interest ("Shares"), hereby promises to pay [insert name of payee] ("Payee") the Payment Amount (as defined in Section 2) in a single installment as discussed below.

This Note is being issued so that Payor may purchase Shares (the "Repurchased Shares") from Payee pursuant to the terms and subject to the conditions set out in the Offer to Purchase dated August 29, 2025 and the Letter of Transmittal submitted by the Payee (which Offer to Purchase and Letter of Transmittal, together with any amendments or supplements thereto collectively constitute the "Offer"). This Note is not negotiable and is not interest-bearing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.<u>General Payment Provisions</u>. The Payor will pay the Payment Amount under this Note in a single installment in United States Dollars. Payment under this Note will be made by wire transfer to Payee's account at Payee's authorized agent as previously identified to Payor by Payee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.<u>Payment</u>. The "Payment Amount" will be an amount equal to the value of the applicable class of Repurchased Shares determined as of September 30, 2025 (the "Valuation Date") reduced by the Early Repurchase Deduction (as defined herein), if applicable. Unless the existence of changes in tax or other laws or regulations or unusual market conditions result in a delay, the Payor will make payment under this Note on or before 30 days after the Valuation Date.

Repurchased Shares that were purchased in a tender offer with a Valuation Date that is within the 12 month period following the initial issue date of such Shares being tendered are subject to an "early repurchase deduction" (the "Early Repurchase Deduction") at a rate of 2% of the aggregate net asset value of such class of Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.<u>Optional Prepayment</u>. This Note may be prepaid, without premium, penalty or notice, at any time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.<u>Events of Default</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The occurrence of any of the following events shall be deemed to be an "Event of Default" under this Note:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Payor defaults in payment when due and any such default continues for a period of ten (10) days; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) (1) The Payor commences any proceeding or other action relating to the Fund in bankruptcy or seeks reorganization, arrangement, readjustment, dissolution, liquidation, winding-up, relief or composition of the Fund or the debts of the Fund under any law relating to bankruptcy, insolvency or reorganization or relief of debtors; (2) the Payor applies for, or consents or acquiesces to, the appointment of a receiver, conservator, trustee or similar officer for the Fund or for all or substantially all of the property of the Fund; (3) the Payor makes a general assignment for the benefit of creditors of the Fund; or (4) the Payor generally admits its inability to pay its debts with respect to the Fund as they become due and payable; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) (1) The commencement of any proceeding or the taking of any other action against the Fund in bankruptcy or seeking reorganization, arrangement, readjustment, dissolution, liquidation, winding-up, relief or composition of the Fund or the debts of the Fund under any law relating to bankruptcy, insolvency or reorganization or relief of debtors and the continuance of any of such events for sixty (60) days undismissed, unbonded or undischarged; or (2) the appointment of a receiver, conservator, trustee or similar officer for the Payor or for all or substantially all of the property of the Fund and the continuance of any such event for sixty (60) days undismissed, unbonded or undischarged.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Upon the occurrence of an Event of Default, the entire unpaid amount of this Note outstanding shall become immediately due and payable, without presentment, demand, protest, or other notice of any kind, all of which are expressly waived, and without any action on the part of the Payee.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.<u>Miscellaneous</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Governin</u>g <u>Law; Consent to Jurisdiction</u>. This Note and the rights and remedies of the Payor and Payee will be governed by and construed in accordance with the laws of the State of New York applicable to agreements made and to be wholly performed within such State, without regard to the conflict of laws principles of such State. Any legal action, suit or proceeding arising out of or relating to this Agreement may be instituted in any state or federal court located within the County of New York, State of New York, and each party hereto agrees not to assert, by way of motion, as a defense, or otherwise, in any such action, suit or proceeding, any claim that it is not subject personally to the jurisdiction of such court, that the venue of the action, suit or proceeding is improper or that this Agreement or the subject matter hereof may not be enforced in or by such court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Notices</u>. All communications under this Note will be given in writing, sent by telecopier or registered mail to the address set forth below or to such other address as such party will have specified in writing to the other party hereto, and will be deemed to have been delivered effective at the earlier of its receipt or within two (2) days after dispatch.

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|:---|:---|
| If to Payor, to: | Nuveen Churchill Private Capital Fund<br>375 Park Avenue, 9th Floor<br>New York, New York 10152<br>Telephone: (212) 478-9200<br>Attention: John D. McCally, Vice President and Secretary |
| If to Payee, to: | [Insert contact information for the Payee] |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Severability, Binding Effect</u>. Any provision of this Note that is prohibited or unenforceable in any jurisdiction will, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction will not invalidate or render unenforceable such provision in any other jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Amendment; Waiver</u>. No provision of this Note may be waived, altered or amended, except by written agreement between the Payor and Payee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Waiver of Presentment</u>. Payor hereby waives presentment, protest, demand for payment and notice of default or nonpayment to or upon Payor with respect to this Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Entire A</u>g<u>reement</u>. This Note and the Offer set out the entire agreement between the parties and supersede any prior oral or written agreement between the parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Delaware Statutory Trust</u>. The obligations of the Fund under this Note are not binding upon any trustee or shareholder of the Fund personally, but bind only the Fund and the Fund's property. A copy of the Certificate of Trust and the Sixth Amended and Restated Declaration of Trust of the Fund is on file with the State of Delaware, and notice is hereby given that this instrument is executed on behalf of the trustees of the Fund as trustees and not individually and that the obligations of or arising out of this instrument are not binding on any of the trustees, officers or shareholders individually, but are binding only upon the trust property of the Fund.

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IN WITNESS WHEREOF, Payor has duly caused this Note to be duly executed as of the date first above written.

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| |
|:---|
| NUVEEN CHURCHILL PRIVATE CAPITAL INCOME FUND |
| By:_________________________________ |
| Name: |
| Title: |

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&nbsp;&nbsp;&nbsp;&nbsp;

## Ex-99.(A)(1)(Vi)

***Exhibit (a)(1)(vi)***

***Notice of Withdrawal of Tender***

***Regarding Shares in Nuveen Churchill Private Capital Income Fund***

***Dated August 29, 2025***

*The Offer and withdrawal rights will expire on September 29, 2025*

*and this Notice of Withdrawal must be received by* 

*the Fund's Transfer Agent, either by mail or by e-mail, by 11:59 p.m.,* 

*Eastern Time, on September 29, 2025, unless the Offer is extended* 

*Complete this Notice of Withdrawal and follow the transmittal instructions included herein* 

**PLEASE SEND COMPLETED FORMS TO YOUR FINANCIAL ADVISOR / PORTFOLIO MANAGER** 

You are responsible for confirming that this Notice is received timely by your Financial Advisor or Portfolio Manager. If you fail to confirm receipt of this Notice, there can be no assurance that your withdrawal will be honored by the Fund.

Dear Shareholder:

Please withdraw the tender previously submitted by the undersigned in a Letter of Transmittal.

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|:---|
| Fund Name: |
| Fund Account #: |
| Account Name/Registration: |
| Address: |
| City, State, Zip: |
| Telephone Number: |
| Email Address: |
| Financial Intermediary Firm Name: |
| Financial Intermediary Account #: |
| Financial Advisor Name: |
| Financial Advisor Telephone: |

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The undersigned represents that the undersigned is the beneficial owner of the shares in the Fund to which this withdrawal request relates, or that the person signing this request is an authorized representative of the withdrawing shareholder.

In the case of joint accounts, each joint holder must sign this withdrawal request. Requests on behalf of a foundation, partnership or any other entity should be accompanied by evidence of the authority of the person(s) signing.

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| | | |
|:---|:---|:---|
| Signature | Print Name of Authorized Signatory (and Title if applicable) | Date |
| Signature | Print Name of Authorized Signatory (and Title if applicable) | Date |

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