NEW YORK, SEPTEMBER 3, 2025 - Nuveen Private Capital, comprising U.S. and European asset managers Churchill Asset Management and Arcmont Asset Management, has entered into a strategic partnership with Hunter Point Capital (“HPC”), an independent investment firm that provides capital solutions and strategic support to alternative asset managers, and Temasek, a global investment company headquartered in Singapore. HPC and Temasek are making minority investments in Nuveen Private Capital and Temasek will provide long-term capital commitments to the platform’s new and existing strategies.
Nuveen Private Capital was formed in March 2023 following Nuveen’s majority acquisition of Arcmont, which, in combination with Churchill, created an $87 billion private capital platform and one of the world’s leading private credit managers. Over the past year, Nuveen Private Capital has invested over $21 billion in over 400 companies in support of U.S. and European private equity firms and currently serves more than 5,000 investors globally1.
“Welcoming Hunter Point Capital and Temasek is a point of pride and a testament to the deep bench of talent that has quickly propelled Nuveen Private Capital to become one of the leading private credit platforms in the world,” said Bill Huffman, Nuveen Chief Executive Officer and Chairman of Nuveen Private Capital. “As Nuveen Private Capital’s global reach continues to expand, our new partnership with these two highly experienced strategic business builders and capital investors powerfully affirms our original vision for an integrated, collaborative platform that honors the trust placed in us by our investors.”
“This partnership provides strong validation of the scaled, highly differentiated platform that we have built together and reflects our shared commitment to continue enhancing the value we deliver to our investors, borrowers and private equity sponsors,” said Ken Kencel and Anthony Fobel, Nuveen Private Capital co-Chief Executive Officers.
“Nuveen Private Capital’s global reach and deep local market expertise, combined with their longstanding relationships with sponsors and ability to source deal flow, are among the best in the industry,” commented Avi Kalichstein, Chief Executive Officer and Co-Founder of Hunter Point Capital. “We are delighted to expand the engagement between our firms and to play a strategic role in Nuveen Private Capital’s next phase of growth.”
The transaction underscores Nuveen’s commitment to the continued growth and success of Nuveen Private Capital. Following the transaction, Nuveen will maintain its majority ownership of Nuveen Private Capital, with Churchill and Arcmont senior management and employees retaining minority stakes. The transaction will have no impact on Nuveen Private Capital’s investment strategy or processes, leadership or day-to-day operations.
BofA Securities served as financial advisor to Nuveen.
