Latest news with #EPICII
Yahoo
9 hours ago
- Business
- Yahoo
Nuveen raises $1.3B for energy and power infrastructure fund
This story was originally published on ESG Dive. To receive daily news and insights, subscribe to our free daily ESG Dive newsletter. Dive Brief: Nuveen, the investment manager for retirement services company TIAA, said Wednesday it completed a $1.3 billion funding round for its second energy and power infrastructure credit fund to support a growing global power demand due to artificial intelligence, digitalization and electrification. The firm's EPIC II fund will provide companies with credit solutions aimed at 'supporting the build-out of secure and reliable energy and power generation while also focusing on credit opportunities involving sustainable infrastructure,' Wednesday's release said. The fund has a $2.5 billion target and will take an all-of-the-above strategy to its energy investments, investing in renewables and energy storage technologies, along with liquefied natural gas and other fossil fuels. Dive Insight: Nuveen manages more than $1.3 trillion in assets, including more than $35 billion in infrastructure assets as of March 31, according to the release. The EPIC II fund — which shares the same investment strategy and name as its predecessor EPIC I — will provide project and corporate financing to companies for equipment and growth capital, along with financing acquisitions, capital restructuring and other structured credit options. The senior managing director and portfolio manager of Nuveen's energy infrastructure credit platform, Don Dimitrievich, said the fund is 'focused on deploying capital into resilient companies and projects across the energy and power ecosystem' to capitalize on a 'historic market opportunity.' '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,' Dimitrievich said in the release. The initial funding round announced Wednesday was 'anchored' by TIAA and an unnamed 'leading Canadian pension fund manager,' Nuveen said. Investors other than TIAA were not disclosed, but the release said 'nearly half' of the round's funding commitments came from outside the U.S. The funding round included investments from global insurers, Japanese and Korean corporate and public pension funds, asset managers and limited partner investors, according to the release. Nuveen was recently one of 25 financial institutions whose executives received a letter from Republican state finance officials, pressing them to 'abstain' from incorporating net-zero asset commitments and abandon framing climate change as a long-term risk. Recommended Reading Banks improving clean energy finance ratios, still well-short of net-zero pace: report Sign in to access your portfolio
Malaysian Reserve
2 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.
