Nuveen Real Estate, one of the largest real estate investment managers globally, has completed the first close of its third UK debt strategy, having secured c. £140 million in initial commitments.
Several U.K. and international investors have committed to the first close joined by TIAA’s ‘General Account’, which is managed by Nuveen. The strategy is targeting a total capital raise of £500 million, and it is currently in the process of completing its first two loans for the latest venture.
This launch represents the third iteration of Nuveen’s UK debt series, which has been designed to provide a solution for institutional investors looking to access potential returns which are secure and income-focused. The firm’s global debt platform has grown significantly in recent years and is active across the US, Europe and APAC, with over $41 billion of capital invested globally on behalf of a range of pooled funds and separate mandates from a global client list.
You can read the full press release now at the link below