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US middle market private capital can play an important role in portfolio construction as it helps diversify sources of yield and can increase overall income and return potential. At the same time, the demand for private capital solutions in the US middle market meaningfully outpaces supply, resulting in a compelling opportunity for private capital investment. As well as diversification, reliability and attractive risk-adjusted return potential, the US middle market complements other private market loan segments.
The Fund’s investment objective, via its investment in the Nuveen Churchill Private Capital Income Fund (the “Underlying Fund”), is to seek to provide investors with risk-adjusted returns primarily through current income and, secondarily, long-term capital appreciation, by investing in a diversified portfolio of private debt and equity investments in US middle market companies owned by leading private equity firms.
The Underlying Fund primarily invests in middle market senior loan investments and junior capital investments, which may be originated alongside smaller related common equity positions in the same portfolio companies. The Underlying Fund’s companies typically exhibit a range of characteristics, including experienced management teams with successful track records, annual EBITDA of USD$10 million-USD$250 million, scalable revenues and operating cash flow and sustainable leading positions in their respective markets.
Investment can be made using the Fund’s PDS or via a number of platforms, including:
See the full range of platform availability here.
"As private credit markets continue to grow and become more diverse, the need for scale is only increasing as the requirement for significant infrastructure favours larger firms with the financial resources to support this complexity.”
