TEACHERS INSURANCE & ANNUITY ASSOCIATION OF AMERICA - 31 Oct 2025 Form 4 Insider Report for Nuveen Churchill Private Capital Income Fund

Role: 10%+ Owner
Signature: John McCally, Managing Director and Assistant Secretary
Issuer symbol: N/A
Transactions as of: 31 Oct 2025
Net transactions value: -$3,275,500
Form type: 4
Filing time: 06 Nov 2025, 13:25:45 UTC
Previous filing: 02 Oct 2025
Next filing: 29 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
TEACHERS INSURANCE & ANNUITY ASSOCIATION OF AMERICA	10%+ Owner	730 3RD AVENUE, NEW YORK	John McCally, Managing Director and Assistant Secretary	06 Nov 2025	0000315038

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction		Class I	Disposed to Issuer	$3,275,500	-133,967	-8.9%	$24.45	1,375,963	31 Oct 2025	Through a private fund	F1
holding		Class I						2,260,560	31 Oct 2025	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	As of October 31, 2025, TIAA holds (i) 1,087,107.00 Class I shares of beneficial interest indirectly through a private fund managed by Churchill Asset Management LLC in which TIAA is the sold investor, and (ii) 288,856.19 Class I shares of beneficial interest indirectly through a private fund that TIAA controls. On October 31, 2025, TIAA redeemed partial interest from the private fund that it controls, which resulted in a reduction of TIAA's indirect beneficial interest in Nuveen Churchill Private Capital Income Fund. The redeemed shares were calculated based on the translated US dollar equivalent of the redemption amount divided by Nuveen Churchill Private Capital Income Fund's net asset value as of September 30, 2025.
F2	As of October 31, 2025, TIAA holds 2,260,560.34 Class I shares of beneficial interest directly.

Content

As of October 31, 2025, TIAA holds (i) 1,087,107.00 Class I shares of beneficial interest indirectly through a private fund managed by Churchill Asset Management LLC in which TIAA is the sold investor, and (ii) 288,856.19 Class I shares of beneficial interest indirectly through a private fund that TIAA controls. On October 31, 2025, TIAA redeemed partial interest from the private fund that it controls, which resulted in a reduction of TIAA's indirect beneficial interest in Nuveen Churchill Private Capital Income Fund. The redeemed shares were calculated based on the translated US dollar equivalent of the redemption amount divided by Nuveen Churchill Private Capital Income Fund's net asset value as of September 30, 2025.

As of October 31, 2025, TIAA holds 2,260,560.34 Class I shares of beneficial interest directly.