Latest news with #DonDimitrievich
Malaysian Reserve
3 days ago
- Business
- Malaysian Reserve
Nuveen Raises $1.3 Billion From Global Institutional Investors For First Close of Energy & Power Infrastructure Credit Fund
Institutional Investor Commitments from the US, Canada, Korea and Japan Underscore the Historic Investment Opportunity to Meet Growing Energy and Power Demands 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 | | 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 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.
Cision Canada
08-05-2025
- Business
- Cision Canada
Redaptive Secures $650M Credit Facility from CDPQ and Nuveen to Expand Energy-as-a-Service (EaaS) Platform Français
The strategic backing of CDPQ and Nuveen positions Redaptive to rapidly expand its footprint and leverage its EaaS platform as a growth engine. DENVER, May 8, 2025 /CNW/ -- Redaptive, a leading Energy-as-a-Service (EaaS) provider, today announced the successful closing of a $650 million (CAD 903 million) credit facility from CDPQ, a global investment group, and Nuveen, the investment manager of TIAA. This facility strengthens Redaptive's ability to scale its innovative platform, meet accelerating customer demand, and deliver measurable business value through energy efficiency, renewable generation, and data-driven building performance. Redaptive can now expand its investment in physical asset infrastructure across large enterprise portfolios, enabling customers to reduce operating costs, enhance resilience, and meet long-term business growth and sustainability goals — all without the end users' upfront capital or added operational complexity. Redaptive's platform combines flexible finance structures, AI-powered insights, and proprietary metering technology to turn energy and infrastructure into a strategic engine of efficiency and performance. "This new credit facility is a vote of confidence in both our team and our mission," said Matt Gembrin, CFO of Redaptive. "Enterprises are under increasing pressure to modernize their infrastructure while staying financially agile. Our model continues to prove that you don't have to choose between operational efficiency, capital discipline, and sustainability — you can achieve all three." $650M Credit Facility from CDPQ and Nuveen to Accelerate Energy Optimization Initiatives Redaptive will leverage this capital to continue its support of enterprise customers with data-driven efficiency and energy generation programs, including HVAC, LED lighting, solar, storage and metering solutions, and other upgrades that can be deployed at large-scale multi-site portfolios. This additional financing will enable Redaptive to expand its reach, increase project deployments, and further develop its solutions across the U.S., Canada, and certain European jurisdictions. "Redaptive is a leader in helping their clients adopt energy and power solutions that reduce energy costs and consumption, while changing how industries approach sustainability," said Don Dimitrievich, Head of Nuveen's Energy Infrastructure Credit business. "Our investment reflects our confidence in Redaptive's ability to scale their business, while reducing carbon emissions globally." A Strategic Leap Toward Sustainability, Resilience, and Results That Scale The new facility from CDPQ and Nuveen underscores Redaptive's ability to drive meaningful progress toward decarbonization while enabling customers to build more resilient and efficient operations. Redaptive continues to set benchmarks in energy efficiency, sustainability innovation, and scalable energy solutions for their customers through their Energy-as-a-Service solution and the Redaptive ONE data platform. With this latest support, Redaptive is poised to accelerate the deployment of its platform across new markets and solution categories, continuing to build momentum as the trusted infrastructure partner for enterprises navigating the energy transition. "CDPQ and Nuveen are both valued partners in our journey, and we are grateful for their trust in Redaptive's vision," said Arvin Vohra, CEO of Redaptive. "This additional support from both global investors allows us to scale our impact, bring our programmatic solutions to more customers, and accelerate the transition to a more sustainable future." Recently, Redaptive's Energy-as-a-Service offering was recognized as a "Top Product of the Year" in the prestigious E+E Leader Product & Project Awards. Judges recognized Redaptive as an outstanding example of innovation in the sustainability and infrastructure sector. To learn more, please visit About Redaptive Redaptive is a leading Energy-as-a-Service provider enabling Fortune 500 commercial and industrial enterprises to turn real asset infrastructure into a strategic engine for growth and efficiency—bringing together capital, intelligence, and performance. Founded in 2015 and headquartered in Denver, Colorado, Redaptive funds and deploys energy-saving and energy-generating systems across large, distributed real estate portfolios. Its programs help enterprises reduce energy waste, lower carbon emissions, and optimize operating costs—supporting broader business objectives such as operational resilience, financial performance, and long-term sustainability. Through flexible financing structures, asset performance optimization, and AI-driven intelligence, Redaptive empowers organizations to scale energy-efficient solutions faster and smarter. For more information, visit About Nuveen Nuveen, 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 Dec 2024 and operations in over 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 Media Contact Jimmy Rogers Redaptive 425-463-9479 [email protected]
