Nuveen has held a final close of the Nuveen Global Impact Fund and affiliated entities.
The fund, which is the first private equity impact fund raised by Nuveen, has secured a total of $218 million from a diverse mix of global investors, with the aim of generating strong financial returns and addressing two of the greatest sustainable development challenges: climate change and inequality.
“Nuveen has been at the forefront of impact investing for decades, and there is an immediate opportunity to drive positive influence on some of world’s most pressing problems relating to climate change and inequality,” said Rekha Unnithan, co-head of private markets impact investing at Nuveen. “We are proud to build on our momentum from our initial fund closing in 2020 and look forward to engaging with more companies that meet our investors’ values and market views.”
The fund will target investments that enable disruptive businesses to reduce waste and use resources