Nuveen Real Estate has completed the first close of its third U.K. debt strategy, securing £140 million ($193 million).
The strategy is targeting a total capital raise of £500 million ($690 million).
Nuveen’s global debt platform has grown significantly in recent years and is active across the United States, Europe and Asia Pacific, with more than $41 billion of capital invested globally on behalf of a range of pooled funds and separate mandates from a global client list.
TIAA’s General Account, which is managed by Nuveen, contributed to the first closing of the firm’s third U.K. debt strategy, as well.
“At this time, debt investment is at a sweet spot in the market, as it can offer an attractive level of income with a measure of downside protection against short-term volatility, which is particularly prevalent as the U.K. comes out of the pandemic and establishes its post-Brexit geo-economic position,” said Christian Janssen, head of commerci
