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Fund Solutions

Nuveen Climate Inclusion Strategy Hits US$200m

Global asset manager Nuveen, which manages US$1.2 trillion in assets, has announced the first close of its second global climate inclusion private equity (PE) strategy with around US$200 million invested. Backed by the likes of Danish pension fund Velliv, the strategy – which is categorised as Article 9 under the EU’s Sustainable Finance Disclosure Regulation – aims to generate strong financial returns targeting solutions addressing climate change and inequality. “We believe that impact investing demonstrates how generating returns can go hand in hand with addressing the world’s challenges, whether they are social, environmental or a combination of both,” said Anders Stensbøl Christiansen, Chief Investment Officer at Velliv. “Nuveen PE Impact enables Velliv to achieve a global reach in our impact portfolio, delivering returns and measurable impact across several UN Sustainable Development Goals through both socially and environmentally focused investments.” Nuveen’s PE impact team intends to take an active role in driving environmental, social and financial results of the strategy by leveraging board seats and shareholder positions in investee companies. “We believe that climate change and inequality, two of the biggest challenges the world faces, can be addressed by commercial businesses,” said Rekha Unnithan, Head of Private Equity Impact at Nuveen. “The changing regulatory environment and shifts in consumer sentiment means overcoming those challenges also presents a compelling investment opportunity.” 

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