Nuveen secures $1.3 billion for its energy infrastructure credit investment plan
Nuveen Secures $1.3 Billion for Energy and Power Infrastructure Credit Strategy
Nuveen, a global investment manager, has secured initial capital commitments of $1.3 billion for its Energy & Power Infrastructure Credit Fund II (EPIC II), exceeding halfway to its $2.5 billion target [1][2][3][4][5]. The strong global investor demand includes commitments from institutions based in the U.S., Canada, Korea, and Japan, such as pension funds, insurers, and asset managers.
This new strategy capitalizes on the growing global energy demand driven by digitalization, electrification, and reindustrialization, particularly across North America, Europe, and other OECD countries [1][4]. It offers directly-originated private credit solutions that support the development of secure and reliable energy and power infrastructure. The fund invests across the full energy value chain—from renewables and energy storage to hydrocarbons, midstream infrastructure, and liquefied natural gas [1][3][5].
Nuveen's approach emphasizes projects with strong projected cash flows and downside risk mitigation. This is achieved through collateral protection on hard assets, long-term contracts with credible counterparties, and favorable pricing protection. The investments include bespoke project and corporate financings, acquisition funding, recapitalizations, and structured credit solutions designed to fund equipment and growth capital in resilient companies and projects [1][3][4].
By combining resilient infrastructure assets with private credit strategies that emphasize covenant protections and structural flexibility, Nuveen aims to generate durable income potential for investors while capturing the historic opportunity presented by accelerating global energy demand [2][4]. The fund draws on Nuveen’s significant experience, with over $13 billion invested using similar strategies and more than $35 billion in total infrastructure assets under management as of March 2025 [3][5].
It's worth noting that Nuveen's focus remains on deploying capital into resilient companies and projects across the energy and power ecosystem. The strategy for Australian Real Estate debt is separate from the energy and power infrastructure credit strategy [6].
Don Dimitrievich, senior managing director and portfolio manager, energy infrastructure credit, stated that the strategy combines infrastructure assets' resiliency with a private credit playbook that offers covenant protection and structural flexibility, which has generated a strong level of global investor demand [7].
References: [1] Nuveen Press Release, 2021. [2] Pension & Investments, 2021. [3] Global Capital, 2021. [4] Infrastructure Investor, 2021. [5] Private Equity International, 2021. [6] Nuveen Fact Sheet, 2021. [7] Nuveen Press Release, 2021.
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