#United States #New York #Temasek #Nuveen Private Capital #Hunter Point Capital

Nuveen Private Capital Announces Strategic Partnership

In a significant move within the investment landscape, Nuveen Private Capital has recently established a strategic alliance with Hunter Point Capital (HPC) and Temasek. This collaboration is designed to enhance the capabilities of Nuveen Private Capital, which encompasses U.S. and European asset managers Churchill Asset Management and Arcmont Asset Management.

Founded in March 2023, following Nuveen’s majority acquisition of Arcmont, Nuveen Private Capital has swiftly risen to prominence, now dominating an impressive $87 billion private capital platform. Over the past year, the firm has committed over $21 billion across more than 400 companies, providing crucial support to private equity firms in the U.S. and Europe. Currently, it caters to a diverse group of over 5,000 investors worldwide.

The alliance with HPC and Temasek marks a pivotal expansion of Nuveen’s investment strategy. HPC, an independent investment firm, provides vital capital solutions and strategic support to alternative asset managers. Temasek, a prominent global investment company based in Singapore, is noteworthy for its long-term capital commitments, further solidifying the foundation of this partnership. Both firms will engage in minority investments in Nuveen Private Capital, thus aligning their interests with the platform’s growth trajectory.

Bill Huffman, Chief Executive Officer and Chairman of Nuveen Private Capital, expressed pride in welcoming HPC and Temasek to the fold, highlighting that their involvement affirms the platform's rapid ascent as a leader in the global private credit sector. “Our collaborative platform honors the trust placed in us by investors, allowing us to further our mission,” he stated.

This partnership comes as a strong validation of the extensive, differentiated capabilities that Nuveen Private Capital has established in a relatively short period. Co-CEO’s Ken Kencel and Anthony Fobel voiced confidence in their platform, proclaiming it reflects their commitment to adding significant value for investors, borrowers, and private equity sponsors alike.

Avi Kalichstein, CEO and Co-Founder of Hunter Point Capital, acknowledged Nuveen Private Capital’s unparalleled global reach and deep market expertise. He emphasized the firm’s robust relationships with sponsors and its ability to generate deal flow, positioning them as industry leaders.

Despite the new strategic partnerships, Nuveen intends to maintain its majority ownership of Nuveen Private Capital. Senior management and employees of Churchill and Arcmont will retain minority stakes, ensuring that the core investment processes and leadership will remain unchanged. This continuity is designed to preserve the high standards of operations that investors have come to expect from Nuveen Private Capital.

The financial transaction was supported by BofA Securities, which served as an advisor, indicating a robust restructuring for Nuveen as it embraces a future filled with potential growth avenues.

In conclusion, the partnership between Nuveen Private Capital, Hunter Point Capital, and Temasek represents a profound commitment to innovation and strategic investment in the alternative asset management sector. As the partnership unfolds, stakeholders will be eager to observe how this collaboration influences private capital strategies and service offerings in the evolving financial landscape.