Fund overview
The Nuveen Churchill Private Credit Income Fund (Fund) aims to provide investors with attractive risk-adjusted returns primarily through income and long term capital growth, by investing in a portfolio of private debt and equity investments in US Middle Market companies owned by leading private equity firms.
The Fund is an Australian Feeder Fund will invest substantially all of its assets in class I shares of the Nuveen Churchill Private Credit Income Fund (Underlying Fund). The Fund intends to invest in shares in the USD denominated share class of the Underlying Fund, which will be hedged back into AUD at the Fund level.
The management team focuses on the traditional US middle market to seek diversification, reliability and attractive risk adjusted returns as a complement to other private market loan segments. Middle market private capital can play an important role in portfolio construction as it helps diversify sources of yield and 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.
The Underlying Fund seeks to primarily in invest middle market Senior Loan Investments and Junior Capital Investments, which may be originated alongside smaller related common equity positions in the same portfolio companies. Target portfolio companies in Senior Loan Investments and Junior Capital Investments typically exhibit some or all of a range of characteristics that include 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.
Key features of the Fund
- Exposure to an underlying fund that invests in US middle market to seek diversification, reliability and attractive risk adjusted returns.
- A disciplined and rigorous investment approach with comprehensive portfolio monitoring.
- Targets income with long term capital growth potential.
- Investment team that’s one of the most active direct lenders in the US middle market.
- Access to large, resilient and attractive addressable market.
- A rigorous and disciplined approach to underwriting and credit selection that has led to stable returns and low losses across economic cycles.