Asset manager Nuveen is unifying its infrastructure teams into a single multi-asset infrastructure platform, the firm announced Wednesday.
The platform’s teams include Nuveen Energy Infrastructure Credit, a private credit group; Nuveen Green Capital, which provides sustainable financing for commercial real estate projects; and specialized infrastructure equity teams.
Leading the new platform is Jessica Bailey, Nuveen’s head of global infrastructure, who previously served as CEO of Nuveen Green Capital. She will report to Nuveen CIO Saira Malik.
Nuveen, owned by TIAA, manages $1.3 trillion in assets, including $36 billion across private infrastructure debt and equity and listed infrastructure strategies.
For more stories like this, sign up for the CIO Alert newsletter. ?
The asset manager projects $94 trillion in required global infrastructure investments through 2040, due to energy transition, digital transformation and aging infrastructure replacements.
“Over the course of multiple decades, we’ve strategically built out our broader alternative investment capabilities, and today we’re ready to meet the unprecedented client demand for infrastructure exposure across both public and private markets,” Nuveen CEO Bill Huffman said in a statement.
Nuveen also announced its investment capabilities will be organized into five global asset classes, in addition to infrastructure: fixed income ($569 billion), equities ($536 billion), real estate ($135 billion), private credit ($87 billion) and natural capital ($11 billion).
Related Stories:
Nuveen Launches Partnership With Temasek, Hunter Point Capital
Nuveen Raises $1.3B For Energy Infrastructure Credit Fund
Nuveen Promotes Phillips to Global Head of Real Estate
Tags: Infrastructure, Nuveen
#Nuveen #Launches #MultiAsset #Infrastructure #Platform