– Nuveen Private Capital, comprising Churchill Asset Management (U.S.) and Arcmont Asset Management (Europe), entered a strategic partnership with Hunter Point Capital (HPC) and Temasek.
– HPC and Temasek are making minority investments in Nuveen Private Capital.
– Temasek will also provide long-term capital commitments to new and existing strategies.
– Nuveen Private Capital was formed in March 2023 after Nuveen’s majority acquisition of Arcmont, creating an $87 billion private capital platform.
– The platform is one of the world’s leading private credit managers.
– In the past year, Nuveen Private Capital invested over $21 billion across 400+ companies supporting U.S. and European private equity firms.
– It currently serves more than 5,000 global investors.
– Bill Huffman, Nuveen CEO and Chairman of Nuveen Private Capital, highlighted the partnership as validation of their integrated and collaborative platform.
– Co-CEOs Ken Kencel and Anthony Fobel emphasized the platform’s differentiation and investor value creation.
– Avi Kalichstein, HPC CEO and Co-Founder, praised Nuveen Private Capital’s global reach, local expertise, sponsor relationships, and deal sourcing.
– Nuveen will retain majority ownership following the transaction.
– Churchill and Arcmont senior management and employees will retain minority stakes.
– The transaction will not affect Nuveen Private Capital’s investment strategy, leadership, or operations.
