Nuveen has announced a partnership with Singapore sovereign wealth fund Temasek and New York based investment firm Hunter Point Capital to invest in private credit.
The partnership will see Temasek and Hunter Point make minority investments into in Nuveen Private Capital, founded in early 2023 after Nuveen acquired private credit firms Arcmont and Churchill.
Temasek will also provide long-term capital commitments to Nuveen’s new and existing strategies, the company said in a statement.
Bill Huffman, Nuveen chief executive and chairman of Nuveen Private Capital said: “As Nuveen Private Capital’s global reach continues to expand, our new partnership with these two highly experienced strategic business builders and capital investors powerfully affirms our original vision for an integrated, collaborative platform that honors the trust placed in us by our investors.”
Nuveen Private Capital said over the past year it has invested over $21bn into companies, primarily in private equity-backed firms.
Ken Kencel and Anthony Fobel, Nuveen Private Capital co-chief executive officers, said: “This partnership provides strong validation of the scaled, highly differentiated platform that we have built together and reflects our shared commitment to continue enhancing the value we deliver to our investors, borrowers and private equity sponsors.”
