Nuveen Raises $200M at First Close for Global Climate Inclusion Private Equity Strategy

Nuveen Raises $200M for Global Climate Inclusion Private Equity Strategy

Nuveen has successfully raised approximately $200 million at the first close of its second global climate inclusion private equity strategy. This fund is focused on investing in solutions for climate change, inequality, and sustainable development.

The fund, which meets SFDR Article 9 requirements and aligns with impact management principles, aims to tackle sustainable development challenges by investing in impactful solutions. Building on the success of Nuveen’s first private equity impact strategy launched in 2021, which raised $218 million and invested in eight global businesses, this new fund will target investments that mitigate climate change, enhance access to financial services, and support low-income consumers in building resilience to climate change.

Nuveen’s new strategy will concentrate on climate inclusion in key global growth markets and adhere to the Operating Principles for Impact Management. Rekha Unnithan, Head of Private Equity Impact at Nuveen, expressed confidence in the fund’s ability to address climate change and inequality through commercial businesses, stating that overcoming these challenges presents a compelling investment opportunity.

The fund has received support from global investors, including Danish pension fund Velliv. Anders Stensbøl Christiansen, Chief Investment Officer at Velliv, highlighted the importance of impact investing in addressing the world’s challenges and achieving measurable impact across several Sustainable Development Goals (SDGs).

Nuveen’s continued leadership in impact investing, with a $1 billion track record, demonstrates its commitment to delivering positive outcomes for investors and the broader community.