Nuveen has raised $1.3bn (£1bn) at first close for its energy and power infrastructure credit strategy, more than halfway to its target of $2.5bn.
The strategy focuses on directly-originated credit solutions supporting the build-out of secure and reliable energy generation and sustainable infrastructure.
The strategy is anchored by commitments from a Canadian pension fund manager and TIAA.
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Nearly half of the commitments come from outside the US, including global insurers, Japanese and Korean public and corporate pensions, and asset managers.
“Bringing together the resiliency of infrastructure assets and the private credit playbook that utilizes covenant protection and structural flexibility has unlocked a strong level of investor demand across the globe,” said Don Dimitrievich, senior managing director and portfolio manager, energy infrastructure credit.
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“Investors are increasingly interested in strategies that capitalise on their conviction in the growing global energy demand brought on by digitalisation, electrification and reindustrialisation while also seeking downside risk mitigation to guard against macro volatility, and inflationary and geopolitical risk. As we reach this latest milestone, we remain focused on deploying capital into resilient companies and projects across the energy and power ecosystem that capture this historic market opportunity while providing durable income potential.”
Nuveen’s energy infrastructure credit platform is led by industry veteran Don Dimitrievich and supported by a team of 13 investment professionals.
The firm has more than $35bn of infrastructure assets under management as of 31 March 2025.
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