Nuveen, the $1.1 trillion global asset manager of TIAA, has made a strategic investment in Snowhawk Partners, a newly formed private equity infrastructure firm focused on middle-market companies supporting the digital transition in the cloud, connectivity and technology service sectors.
“Digital innovation — marked by rapid-fire advances in areas such as social media, mobile connectivity, cloud computing and artificial intelligence — is remaking virtually every aspect of how we work, play and live,” stated Biff Ourso, head of global infrastructure at Nuveen, in a Dec. 5 LinkedIn post. “It’s also creating an abundance of investment opportunities. According to the U.S. Bureau of Economic Analysis, the digital economy contributes more than 10 percent to U.S. GDP; just one sector, connectivity providers that build and maintain data transfer networks, now represents a $1 trillion market.”
Ourso said Nuveen is taking an “exciting step forward to help finance
