Nuveen Raises $1.3 Billion From Global Institutional Investors For First Close of Energy & Power Infrastructure Credit Fund
NEW YORK, Aug. 13, 2025 /PRNewswire/ — Nuveen, a global investment manager, has completed its first close with $1.3 billion of initial capital commitments to the Energy & Power Infrastructure Credit Fund II (EPIC II), a $2.5 billion target private credit strategy providing private infrastructure credit solutions to companies in support of the growing demand for energy and power arising from digitalization, electrification and the reindustrialization of North America, Europe and other OECD countries.
EPIC II delivers directly-originated credit solutions supporting the build-out of secure and reliable energy and power generation while also focusing on credit opportunities involving sustainable infrastructure. This multi-pronged approach invests across the entire energy and power ecosystem, from renewables and energy storage to hydrocarbons, midstream and liquified natural gas. Further, the strategy focuses on investments with projected strong cashflows while seeking to mitigate downside risks through hard asset collateral protection, long-term contracts with strong counterparties and strong pricing protection. EPIC II investments involve bespoke project and corporate financings to fund equipment and growth capital as well as acquisition financings, recapitalizations and structured credit solutions.
'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 & Portfolio Manager, Energy Infrastructure Credit. 'Investors are increasingly interested in strategies that capitalize on their conviction in the growing global energy demand brought on by digitalization, electrification and reindustrialization 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.'
EPIC II is anchored by commitments from a leading Canadian pension fund manager and TIAA. With nearly half of the commitments coming from outside the US, the first close also includes a global roster of prominent institutional investors including global insurers, Japanese and Korean public and corporate pensions, asset managers and other limited partner investors. EPIC II employs the same strategy and builds on the strong track record of Energy & Power Infrastructure Credit Fund I (EPIC I).
Nuveen's Energy Infrastructure Credit (EIC) platform is led by industry veteran Don Dimitrievich and supported by a team of 13 investment professionals with the senior members averaging 20 years of investment experience. The EIC team has collectively invested over $13 billion across multiple market cycles employing the same investment strategy utilized in EPIC I & II. With deep credit expertise and a time-tested investment approach, EPIC II offers investors access to one of the most sought-after asset classes at an attractive risk return balance.
Nuveen is a top 20 infrastructure manager1. Its diversified infrastructure investing platform is built on more than 30 years of private debt and equity investing experience and has more than $35 billion of infrastructure assets under management as of 31 March 20252.
Media Contact
Andrew Chironna | Andrew.Chironna@nuveen.com | 212-913-1015
About NuveenNuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.3 trillion in assets under management as of 31 March 2025 and operations in 32 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com.
EPIC II is only available to accredited investors.
EPIC I is now closed to new investors.
This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on an investor's objectives and circumstances and in consultation with his or her advisors.
Nuveen, LLC provides investment solutions through its investment specialists
1 Top 20 ranking is based on the IPE Real Assets 2025 July/August report.2 As of 31 Mar 2025. Nuveen assets under management (AUM) is inclusive of underlying affiliates. Private infrastructure debt AUM is comprised of project finance debt, utilities, C-PACE, European energy transition credit and Energy Infrastructure Credit. Listed infrastructure AUM includes the Global Infrastructure strategy and the Real Asset Income strategy infrastructure allocations.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malaysian Reserve
an hour ago
- Malaysian Reserve
New Guidance on Automotive Packaging Materials Collection and Handling Practices
WASHINGTON, Aug. 14, 2025 /PRNewswire/ — The Suppliers Partnership for the Environment (SP) today announced the release of a new guidance document, Automotive Packaging Materials Collection and Handling Practices. Developed through SP's Sustainable Packaging Work Group, the document provides voluntary, practical recommendations to support consistent and efficient recovery of recyclable packaging materials across the automotive value chain. Building on previously published SP Sustainable Packaging Guidelines and related resources, this new guidance is the latest in a series of deliverables focused on advancing packaging circularity within the automotive industry. It provides material-specific handling and sorting recommendations, space planning considerations, signage design guidance, and implementation strategies to help automotive OEMs and suppliers maximize recyclable material recovery, reduce landfill waste, and decrease contamination in recycling streams. 'This guidance reflects practical, tested approaches our members have identified to improve the quality and value of recovered packaging materials,' said Kellen Mahoney, Executive Director, Suppliers Partnership for the Environment. 'By sharing this information openly, we hope to make it easier for companies of all sizes to pursue opportunities toward more circular and sustainable packaging systems.' The document was developed through a collaborative process among SP member companies, led by Gina McGee of RecycleMax who served as lead author. 'We wanted to create a tool that's grounded in operational reality,' said McGee. 'The recommendations are based on what we have found to work on the shop floor, providing clear, adaptable steps that can be implemented regardless of facility size or location.' Bridget Grewal, director of packaging CI at Magna International and co-chair of the SP Sustainable Packaging Work Group, emphasized the importance of collaboration. 'Packaging is an area where shared solutions can have an immediate impact across the value chain,' said Grewal. 'By increasing awareness of proven collection and handling practices, we have the opportunity to reduce waste across the supply chain, improve recycling economics, and move one step closer to achieving industry circularity goals.' The Automotive Packaging Materials Collection and Handling Practices guidance is available for download on SP's website at: About SPThe Suppliers Partnership for the Environment (SP) provides a forum for global automotive manufacturers and their large and small suppliers to work together toward a shared vision of an automotive industry with positive environmental impact. Learn more at: Contact: Kellen Mahoney, info@ 202-530-0096
Malaysian Reserve
an hour ago
- Malaysian Reserve
Swiggy's Students Rewards Program Crosses 3 Lakh Enrollments, Signing up now made easier with valid physical College ID
BENGALURU, India, Aug. 14, 2025 /PRNewswire/ — Swiggy (Swiggy Ltd) (NSE: SWIGGY) (BSE: 544285), India's pioneering on-demand convenience platform, today announced that it has rapidly expanded its Students Rewards Program to reach 3 lakh college students across 3,500 campuses within three months of launch. Additionally, the company shared that it has introduced sign up via physical College ID card for students. This upgrade ensures that students without a college email id can also avail the benefits of the Students Rewards Program. Students can simply search for the phrase 'Identity card' on the app, upload a photo of their valid student ID card and get started. For students, the benefits are designed to make every meal and grocery run lighter on the pocket. With Swiggy One Lite available at just ₹1 for three months, they can enjoy up to 67% off on food delivery orders, flat INR 225 off on select food orders, and flat INR 50 off on Instamart purchases. Dining out becomes even more affordable with an extra 20% off on restaurant bills, and those paying via BHIM can get an additional INR 40 off, making everyday cravings and essentials more budget-friendly. From engineering labs to hostel corridors, food is a great unifier for students. We have seen some interesting trends over the last 3 months of the Students Rewards Program being live. While order volumes were highest in the metro cities, interestingly, more than one third of students who enrolled for the Students Rewards Program were from emerging towns like Manipal, Patiala, Dehradun and Mangaluru – marking popularity of this Rewards Program beyond metros. Reflecting on the rapid growth of the program, Deepak Maloo, Vice President – Food Strategy, Customer Experience & New Initiatives, Swiggy, said 'The Student Rewards Program is a key part of Swiggy's larger effort to deliver greater value and convenience to young consumers. By expanding access to students who may not have a college email ID but can verify their identity with a valid college ID card, we aim to make the program even more inclusive and impactful—while deepening our presence across India's vibrant college ecosystem.' To know more about the College ID verification, please visit this link- Swiggy Unveils Its First-Ever College Rankings 2025 In addition to this, Swiggy tapped into the pulse of students' food preferences across 8000 campuses and unveiled its first-ever College Rankings 2025. From midnight munchies to biryani binges, here's how students across India are making food a serious part of their college routine. VIT Vellore, AIMS New Delhi, and IIT Madras were Snack Lovers' Paradise with the highest snack orders. ISB Hyderabad, PGIMER Delhi, and Dr. DY Patil Medical College Pune topped the charts for protein-rich meals. Burgers continued to be amongst the favourites. The highest number of burger orders came from KIIT Bhubaneswar, IIT Bombay and IIT BHU Varanasi. The colleges with the most biryani orders were NIT Warangal, University of Hyderabad, Osmania University in Hyderabad, BITS Pilani Goa, and IIIT Hyderabad. Students of IIT Bhilai, BITS Pilani Hyderabad and Malla Reddy College Hyderabad clocked highest meals items in a single order. Thapar Institute (Patiala), IIIT (Hyderabad) and IIT (Kharagpur) redeemed the most Swiggy coupons. You can view the college rankings here. About Swiggy: Swiggy is India's pioneering on-demand convenience platform, catering to millions of consumers each month. Founded in 2014, its mission is to elevate the quality of life for the urban consumer by offering unparalleled convenience, enabled by 5.4 lakh delivery partners. With an extensive footprint in food delivery, Swiggy collaborates with over 2.5 lakh restaurants across ~718 cities. Instamart, its quick commerce platform operating in 124 cities, delivers groceries and other essentials across 20+ categories in 10 minutes. Fueled by a commitment to innovation, Swiggy continually incubates and integrates new services like Swiggy Dineout and Swiggy Scenes into its app, as well as creating standalone offerings like Snacc and Pyng for opening up new market segments. Leveraging cutting-edge technology and Swiggy One, the country's only membership program offering benefits across food, quick commerce and dining out, Swiggy aims to provide a superior experience to its users. For more details, please visit our website: Logo: View original content:
Malaysian Reserve
2 hours ago
- Malaysian Reserve
Argo Corporation announces update on special stock dividend in connection with its ownership interest in FoodsUp Inc.
TORONTO, Aug. 14, 2025 /CNW/ – On May 21, 2025 Argo Corporation ('Argo' or the 'Company') (TSXV: ARGH) (OTCQX: ARGHF), a leader in next-generation transit solutions, announced that its board of directors had declared a special stock dividend (the 'Stock Dividend') of one Preferred Share, Series A of Argo (the 'Series A Preferred Shares') for each common share of Argo (the 'Common Shares'). The Series A Preferred Shares track the Company's ownership of 45,932 subordinate-voting shares in the capital of FoodsUp Inc. (the 'FoodsUp Shares'). The Company also announced it and one of its wholly-owned subsidiaries are parties to two option agreements (collectively, the 'Option Agreements') which are intended to facilitate the sale of the FoodsUp Shares. If fully exercised, the Option Agreements would result in gross proceeds of between $21.6 million and $30.2 million, which are intended to be distributed to the holders of the Series A Preferred Shares. The payment date for the Stock Dividend is August 20, 2025 (the 'Distribution Date') and any purchaser of Common Shares before the close of markets on the Distribution Date will be assigned the right to the Stock Dividend. The Common Shares of the Company will begin trading on an 'ex-distribution' basis at the opening of markets on August 21, 2025. Background Argo's founding leadership team announced its plans in 2024 to develop the world's first vertically-integrated transit system for cities. Since then, Argo's Smart Routing™ system successfully doubled transit ridership in the Town of Bradford West Gwillimbury, replacing all of the municipality's legacy fixed bus routes. The Company also announced a landmark $10.9 million 12-month agreement with the City of Brampton, and is focused on expanding to more municipalities. Simultaneously, the Company has been executing an ongoing strategy to monetize legacy assets that predate the founding of Argo's current business to maximize value for shareholders. Since then, Argo has realized $3.25 million in proceeds from previously disclosed legacy asset sales. As part of this ongoing strategy, and as previously disclosed, the Company is pursuing the sale of the FoodsUp Shares (the 'FoodsUp Divestment'). The Company is proceeding with the Stock Dividend, which is intended to provide its shareholders with their proportionate stake in the net proceeds realized upon the eventual FoodsUp Divestment. FoodsUp Divestment FoodsUp Inc. is a Canadian restaurant supply platform with annual revenues of $108 million in fiscal 2024. To facilitate the FoodsUp Divestment, the Company previously disclosed that it and one of its wholly-owned subsidiaries are parties to the Option Agreements, which if fully exercised, would result in gross proceeds of between $21.6 million and $30.2 million, which are intended to be distributed to the holders of the Series A Preferred Shares, after deducting all applicable taxes and fees and expenses incurred in connection with the Company's ownership of the FoodsUp Shares. However, the Company can make no assurance of the timing of or quantum of proceeds to be received in connection with the transactions under the Option Agreements, or that such transactions will occur at all. The transactions provided for in the Option Agreements remain subject to final approval of the TSX Venture Exchange. See the Company's press release dated May 21, 2025 and management information circular dated May 22, 2025 for more information regarding the Option Agreements. Special Stock Dividend The Common Shares started trading on a 'due-bill' basis at the opening of trading on August 13, 2025 (the 'Record Date') and will commence trading on an 'ex-distribution' basis at the opening of markets on August 21, 2025, the first trading day following the Distribution Date. A due bill will attach to each Common Share between the opening of markets on the Record Date and the close of markets on the Distribution Date (the 'Due Bill Period'). During the Due Bill Period, any seller of Common Shares will also be deemed to sell and assign the right to the Stock Dividend to the purchaser of such Common Shares. The Common Shares will not commence trading on an ex-distribution basis (i.e., without the entitlement to receive the Stock Dividend) until the opening of markets on August 21, 2025, the first trading day following the Distribution Date. The Stock Dividend has been designated as an eligible dividend for the purposes of the Income Tax Act (Canada). Shareholders as of the Record Date do not need to take any action to receive the Stock Dividend. Accounts for registered shareholders and beneficial shareholders (i.e., those who hold Common Shares through an intermediary) will be credited with the Series A Preferred Shares on or about the Distribution Date. For most Canadian federal income tax purposes, the amount of a stock dividend, and therefore the amount included in the income of a shareholder who receives a stock dividend, is equal to the increase in the paid-up capital of the corporation by reason of the payment of the stock dividend. The amount that will be added to the stated capital of the Series A Preferred Shares, and therefore the increase in the paid-up capital of the Company, will be $1,000 in total. As a result, it is expected that the amount of the dividend that will be received by the shareholders for most Canadian federal income tax purposes will be approximately $0.000007 per Series A Preferred Share. This summary is of a general nature only and is not exhaustive of all possible Canadian federal income tax considerations. This summary is not and should not be construed as legal or tax advice to any holder or prospective holder of Series A Preferred Shares, and no representations with respect to the income tax consequences to any holder or prospective holder are made. Consequently, holders or prospective holders of Series A Preferred Shares should consult their own tax advisors regarding the Canadian federal income tax consequences with respect to their particular circumstances, and any other consequences to them of such transactions under Canadian federal, provincial, local or foreign tax laws. In anticipation of the foregoing, the Company has amended its articles to create a new series of preferred shares, being the Series A Preferred Shares (the 'Amendment'). The Series A Preferred Shares are intended to effectively track the ownership of the 45,932 subordinate-voting shares in the capital of FoodsUp Inc. that are owned by the Company as of the date the articles were amended. Holders of the Series A Preferred Shares will be entitled to receive dividends ('Series A Special Dividends') if, as, and when declared by the board of directors of the Company in an amount equal to the proceeds of disposition of the FoodsUp Shares received by the Company after deducting all applicable taxes and fees and expenses incurred in connection with the Company's ownership of the FoodsUp Shares. To the extent that any Series A Special Dividends are declared by the board of directors of the Company, such dividends will be paid in such manner, in such quantum and at such times, as the board of directors of the Company may from time to time determine. Except as required by law, holders of Series A Preferred Shares will not be entitled to receive notice of, or to attend, any meeting of the shareholders of the Company and will not be entitled to vote at any such meeting. In certain circumstances the Company may redeem all of the Series A Preferred Shares. The Series A Preferred Shares will not be listed or quoted on a marketplace. The complete rights, privileges, restrictions and conditions attaching to the Series A Preferred Shares are set out in the articles of amendment of the Company, which are available under the Company's SEDAR+ profile on About Argo Argo delivers the first-ever vertically and publicly integrated city transit system, designed to augment public transportation and create a network of intelligently routed vehicles that work together to serve and scale to the needs of entire cities, putting people in control of their mobility. You can learn more at Praveen Arichandran, CEOArgo Corporation(800) 575-7051 Forward-Looking Information Certain information set out in this news release constitutes forward-looking information within the meaning of applicable securities laws. Forward-looking information is often, but not always, identified by the use of words such as 'seek', 'anticipate', 'hope', 'plan', 'continue', 'estimate', 'expect', 'may', 'will', 'intend', 'could', 'might', 'should', 'scheduled', 'believe' and similar expressions. The forward-looking information set out in this news release relates to future events or our future performance and includes, without limitation, statements concerning: the Company's intention to complete the FoodsUp Divestment; the distribution of the Series A Preferred Shares pursuant to the Stock Dividend; the payment of Series A Special Dividends; the completion of the exercise of the options granted pursuant to the Option Agreements by the holders thereof; Canadian federal, provincial, local or foreign tax treatment of holders or prospective holders of Series A Preferred Shares; and Argo's ability to obtain all necessary approvals in respect of the Option Agreements. Although the forward-looking information contained in this news release is based upon what management of Argo believes are reasonable assumptions on the date of this news release, Argo cannot assure readers that actual results will be consistent with such forward-looking information. Forward-looking information involves substantial known and unknown risks, uncertainties and other factors which cause actual results to vary from those expressed or implied by such forward looking information, including without limitation those risks and uncertainties described in more detail in Argo's securities filings available at Forward-looking information should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved. The forward-looking information contained in this news release is provided as of the date hereof. Argo disclaims any intention or obligation to update or publicly revise any forward–looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws. All forward-looking information contained in this news release is expressly qualified in its entirety by the foregoing cautionary statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
