Nuveen Private Capital, which comprises US and European asset managers Churchill Asset Management and Arcmont Asset Management, has entered into a strategic partnership with investment firm Hunter Point Capital (HPC) and global investment company Temasek.
HPC and Temasek will make minority investments in Nuveen Private Capital, while Temasek will also provide long-term capital commitments to the platform’s new and existing strategies.
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Following the transaction, Nuveen will continue to have majority ownership of Nuveen Private Capital, with Churchill and Arcmont senior management and employees retaining minority stakes.
Nuveen Private Capital was formed in March 2023, following Nuveen’s majority acquisition of Arcmont which, combined with Churchill AM, created an $87bn (£64.7bn) private capital platform.
In the past year, Nuveen Private Capital has invested more than $21bn in over 400 companies, with a focus on private equity-backed middle market companies.
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“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,” said Bill Huffman, chief executive of Nuveen and chair of Nuveen Private Capital.
“Nuveen Private Capital’s global reach and deep local market expertise, combined with their longstanding relationships with sponsors and ability to source deal flow, are among the best in the industry,” added Avi Kalichstein, co-founder and chief executive of Hunter Point Capital.
“We are delighted to expand the engagement between our firms and to play a strategic role in Nuveen Private Capital’s next phase of growth.”
HPC is an independent investment firm providing capital solutions and strategic support to alternative asset managers.
Temasek, which is headquartered in Singapore, has a net portfolio value of $324bn.
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