Channel Investment Management is an Australian trustee, responsible entity and manager of managed investment schemes. It is part of Channel Capital, which provides investment management infrastructure and services across multiple asset classes. CIML holds AFSL 439007 and manages the Fund in accordance with the Corporations Act and its Constitution. The group partners with Australian and international fund managers across Australian and global securities, alternatives and fixed interest.

The Fund invests substantially all of its assets in Class I shares of the Nuveen Churchill Private Capital Income Fund, providing exposure to private debt and equity investments in U.S. middle-market companies backed by private equity firms. The Underlying Fund targets 75-90% in first-lien senior secured and unitranche senior loans, 5-25% in junior capital, up to 10% in equity co-investments and 5-10% in liquid investments. Investments are selected through fundamental due diligence, underwriting and ongoing credit monitoring. The Fund invests in the USD-denominated share class of the Underlying Fund and hedges its USD exposure back to AUD. At Fund level, derivatives are used for currency hedging and short selling is not undertaken.