Nuveen strengthens its Real Assets platform with the launch of Nuveen Natural Capital and Nuveen Infrastructure
Nuveen, a premier global asset manager, is enhancing its Real Assets platform, by bringing together its private real asset capabilities and launching two new business units, to create a more streamlined proposition as investors seek to increase exposure to real assets and alternatives1.
According to research1 conducted by Nuveen, over two thirds of institutional investors are planning to increase allocation to infrastructure, natural resources investments and other alternative assets, as they seek to reduce climate-related financial risk exposure and align portfolios with the transition to a sustainable low-carbon economy.
The newly structured Nuveen Real Assets platform will consist of capabilities in real estate, farmland, infrastructure, timberland, agribusiness, and commodities. These will be organised under three core pillars, including two newly launched units: Nuveen Natural Capital and Nuveen Infrastructure. These two pillars will sit alongside Nuveen Real Estate, and will be enhanced by targeted and complementary capabilities across Nuveen’s Private Impact and Commodities segments.
Commenting on the new offerings, Nuveen CEO of Real Assets, Mike Sales said:
"We’re hugely excited to be enhancing our Real Assets proposition, which will include bringing expertise together to create the newly launched Nuveen Infrastructure and Nuveen Natural Capital businesses. Investor demand for real assets is increasing at an extraordinary pace and by bringing together our unrivalled expertise in alternatives, we will be better positioned to respond to meet growing global investor demand for long-term sustainably managed investments. The strengthening of the platform represents the next step in our evolution in becoming the leading land-based asset manager, investing in a sustainable way for the enduring benefit of our clients and society."
Nuveen is one of the world’s largest managers of real assets, managing $150 billion in assets under management for global investors. Under the leadership of Mike Sales, CEO of Real Assets, the enhanced platform will launch in January 2022.
Overview of Nuveen Real Assets
- Nuveen Natural Capital – this new offering combines Westchester Group Investment Management, Nuveen’s farmland investment business with over $7.7bn of farmland assets under management, with GreenWood Resources, which specialises in the acquisition and stewardship of forestry assets and currently manages $1.5bn of timberland assets across over 760,000 acres. Martin Davies, current CEO of Westchester Group, will lead Nuveen Natural Capital
- Nuveen Infrastructure – this business will combine private equity and equity-like strategies through Glennmont Partners, one of Europe’s largest renewable energy fund managers with over $2bn in assets under management, alongside Nuveen’s existing diversified private infrastructure platform and its agribusiness platform- AGR Partners. Following a 16 year period at Nuveen, Biff Ourso, will be the Global Head of Nuveen Infrastructure
- Nuveen Real Estate – Nuveen Real Estate, one of the largest real estate managers globally, with over $133bn of assets under management, remains under the leadership of Chris McGibbon. Its remit remains unchanged. The business consists of six core business lines across the retail, office, logistics, housing, debt & alternatives sectors
1 Nuveen’s Global Institutional Investor Survey, February 2021 (more information available on request)