Nuveen Raises A$705 Million from Australian Institutional Investors for Arcmont’s European Direct Lending Strategy

Australian investors including Brighter Super and JANA access European middle-market lending

SYDNEY, 1 September 2026 -- Nuveen, a global asset manager with $1.4 trillion in assets under management¹, has secured investments from Australian institutional investors into a dedicated Australian portfolio managed by Arcmont Asset Management (“Arcmont”). Arcmont, an investment affiliate of Nuveen, is a leading European private credit asset management firm with A$74 billion of investable capital, providing flexible capital solutions to a wide range of businesses in Europe.

Brighter Super, JANA Private Credit Trust and two other Australian institutional investors have committed a combined A$705 million to the strategy, which has been established to provide Australian investors access to a portfolio of senior secured, unitranche and subordinated loans to European mid and upper-mid-sized companies, with a focus on non cyclical, defensive sectors.

In the past 15 years, Arcmont has raised capital from over 495 global investors across its Direct Lending, Senior Loan, NAV Financing, Impact Lending and Capital Solutions strategies and fostered a network of more than 135 sponsor relationships throughout Europe.

Kate Farrar, CEO of Brighter Super, said: “This investment reflects our focus on high quality private credit opportunities that can provide resilient income and diversification for members. Arcmont’s disciplined investment approach and deep European market expertise make the strategy a strong fit within our broader private market portfolio.”

Anthony Fobel, CEO of Arcmont, said: “Private credit continues to play an important role in institutional portfolios globally, particularly as investors seek diversified sources of income and exposure to strategies with defensive characteristics. We are delighted to partner with these leading Australian investors through a dedicated solution that provides efficient access to Arcmont’s European direct lending platform at significant scale. We look forward to supporting their investment objectives through our disciplined investment approach, strong sponsor relationships and long-term partnership mindset, hallmarks of Arcmont’s strategy for more than a decade.”

Andrew Kleinig, Head of Australia for Nuveen, said: “This is a significant milestone for our Australian institutional partnerships and reflects the growing appetite among local investors for high-quality, income-generating private credit strategies. European direct lending offers compelling diversification potential that is not readily accessible in the domestic market, and we are delighted to be able to offer Australian institutions tailored access to Arcmont's highly regarded platform. We look forward to deepening these relationships and continuing to bring the best of Nuveen's global capabilities to our partners here in Australia.”

About Nuveen

Nuveen, a TIAA Company, is a global investment leader, managing $1.4 trillion in public and private assets for clients around the world, as of June 30, 2026. With broad expertise across income and alternatives, we invest in the growth of businesses, real estate, infrastructure, and natural capital, providing clients with the reliability, access, and foresight unique to our 125+ year heritage. Our prevailing perspective on the future drives our ambition to innovate and adapt our business to the changing needs of investors — all to pursue lasting performance for our clients, our communities, and our global economy. For more information, please visit www.nuveen.com.

About Arcmont Asset Management

Arcmont Asset Management, an investment affiliate of Nuveen (the asset manager of TIAA), is a private credit asset management firm providing flexible capital solutions to a wide range of businesses in Europe. Established in 2011, Arcmont has raised approximately €45 (A$74) billion of investable capital from investors globally and has committed over €44 (A$72) billion across more than 540 transactions from its launch. With a highly experienced investment team, an established investment track record and deep technical experience, Arcmont offers creative and flexible capital solutions to European businesses, with the reliability of a partner that values long-term relationships. Headquartered in London, Arcmont’s presence spans Amsterdam, Frankfurt, Madrid, Milan, Munich, Paris, Stockholm and New York. It maintains a local origination network and builds and preserves close relationships with sponsors, borrowers and local intermediaries. To learn more about Arcmont, please visit www.arcmont.com.

About Brighter Super

Brighter Super is a 100% member-owned, Queensland-based superannuation fund, with over 340,000 members and more than $38 billion in funds under management (as at 30 June 2026). Following the merger of LGIAsuper, Energy Super, and the acquisition of Suncorp Super, Brighter Super is proudly the third largest non-government financial institution* in Queensland. The fund is dedicated to being right by members’ sides, empowering them to retire confidently with advice, focusing on solid performance and low fees. For more information, please call Brighter Super on 1800 444 396 (in Australia).

This press release is not intended to and does not constitute or form any part of an offer to buy or the solicitation of an offer to subscribe for or sell or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction.

Past performance is not a guarantee of future results.

Investing in the strategy involves material risks, including the risk that an investor may receive little or no return on their investment or that an investor may lose part or all of their investment.

Nuveen provides investment solutions through its investment specialists.

The statement above reflects Nuveen’s views and is not a guarantee of investment performance or outcomes. Private credit investments involve material risks, including: illiquidity (these securities are not publicly traded, have no established secondary market, and may need to be held for an extended or indefinite period); default and credit risk (borrowers or projects may fail to pay principal or interest, or may default); and interest-rate risk (rate changes may adversely affect investment values and project financing costs). Sustainability objectives are aspirational and may not be achieved.