Churchill PCIF Advisor

Churchill PCIF Advisor was created as an affiliated entity to serve as the investment adviser for registered interval funds, while Churchill Asset Management continues to manage the underlying private credit and secondaries strategies. All investment decisions and portfolio management are executed by Churchill Asset Management's team, which is majority-owned by Nuveen. PCIF Advisor essentially wraps Churchill's institutional strategies inside a 1940 Act-registered fund vehicle for individual investors.

John D. McCarthy and Randy Schwimmer are the named co-founders and senior leaders of the Churchill PCIF platform, with investment decisions ultimately made by the Churchill Asset Management team. McCarthy serves as co-portfolio manager for the Churchill Private Capital Income Fund alongside a broader investment committee that includes senior underwriters and the heads of each strategy vertical within Churchill Asset Management.

The vehicle pursues three primary strategies: senior secured direct lending to private equity-backed middle-market companies, junior capital including subordinated debt and preferred equity, and private equity secondaries including LP fund interests and direct co-investment portfolios. The underlying loans are primarily floating-rate, first lien instruments sourced through more than 300 private equity sponsor relationships built over two decades by Churchill.