Nuveen has set up a global infrastructure investment platform in response to “unprecedented investor demand” for infrastructure assets.
The alternative asset manager, which holds $1.3tn (£1tn) in assets under management (AUM), has integrated multiple specialised teams (including sustainable real estate financing, clean energy development, infrastructure credit, and digital infrastructure equity investments) under a unified leadership to launch the platform. Each team’s investment strategy and processes will remain unchanged.
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Jessica Bailey has been appointed to the newly created role of head of global infrastructure, after previously serving as chief executive of Nuveen Green Capital. She will report to Saira Malik, Nuveen’s chief investment officer.
“By bringing together our specialised teams, we can better serve clients who are seeking to allocate capital to the infrastructure investments that are essential to the global economy,” said Bill Huffman, Nuveen’s chief executive.
“We’re committed to delivering comprehensive infrastructure solutions across the risk-return spectrum, from development-stage clean energy projects to stabilized digital infrastructure assets and differentiated securitized investment-grade opportunities.”
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Nuveen manages $36bn (£26.7bn) of assets across private infrastructure debt and equity, and listed infrastructure.
It is estimated that, globally, infrastructure investment needs are valued at $94tn through 2040, driven predominantly by the energy transition, digital transformation, and aging infrastructure replacement across developed markets.
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