Nuveen

Nuveen Lifecycle Income Series for Defined Contribution Plans Provides Income for Life

Retrieved on: 
Tuesday, August 8, 2023
Business development, Life, Friends, CIT, TDF, DC, CITS-DT, Consultant, United States Department of Labor, Nuveen, Employee Benefit Research Institute, TIAA, Retirement, Investment, Growth, Employee benefits, Life insurance, Financial adviser

NEW YORK, Aug. 8, 2023 /PRNewswire/ -- Nuveen, the investment manager of TIAA, introduced the Nuveen Lifecycle Income Series, a target date solution for defined contribution plans that offers plan participants guaranteed savings growth during their working years and the ability to set aside a portion of savings for guaranteed monthly payments that last for life in retirement.

Key Points: 
  • An extension of the Nuveen Lifecycle target date fund platform, the new series – structured as collective investment trusts available only to qualified retirement plans – embed the TIAA Secure Income Account (SIA), a deferred fixed annuity within a familiar target date fund (TDF) series.
  • The series include three TDF strategies: Nuveen Lifecycle Income Index (all passive investments), Nuveen Lifecycle Income Blend (a blend of active and passive investments) and Nuveen Lifecycle Income Active (all active investments).
  • "The Nuveen Lifecycle Income Series with TIAA's solution inside address one of today's most critical retirement planning challenges: the increasing need for guaranteed, predictable lifetime income, especially as more Americans approach retirement and are living longer."
  • In recent decades, lifetime income has largely disappeared from corporate retirement plans, as private sector employers have shifted away from providing traditional defined benefit pension plans in favor of defined contribution plans such as the 401(k).

EVPassport Announces it is Joining the ZETA Coalition: EVPassport, Which Has the Nation’s Most Reliable Charging Network, Joins Group Of Industry Leaders to Advocate for EV Adoption

Retrieved on: 
Monday, August 7, 2023
Automotive, EV, Electric Vehicles, Environment, Transport, Environmental Health, Other Transport, White House, Private sector, Investment, Software, MJW, DC, Carbon, White, Nuveen, Development, Inflation, Inflation Reduction Act of 2022, Salesforce, ZETA, Oracle

EVPassport brings the nation’s most reliable EV charging network to the group of dozens of companies, all of which are critical to promoting EV adoption.

Key Points: 
  • EVPassport brings the nation’s most reliable EV charging network to the group of dozens of companies, all of which are critical to promoting EV adoption.
  • By joining ZETA, EVPassport builds on the work it has already done advocating for electric vehicle charging infrastructure with key decision-makers in Washington, DC and around the country.
  • “Building a reliable, secure, easy to find, and easy to use network of charging stations is critical to the adoption of electric vehicles.
  • We are excited to welcome EVPassport as a member that is committed to achieving that goal.”
    EVPassport, Inc is the Nation’s most reliable EV Charging Network.

Frontenac Completes Continuation Vehicle with Motion & Control Enterprises

Retrieved on: 
Wednesday, August 2, 2023
Finance, Business, Manufacturing, Other Manufacturing, Professional Services, Partnership, Northern Trust, MCE, Frontenac, Kirkland & Ellis, TIAA, EBITDA, Acquisition, Motion, Collection, Investment, Growth, OEM, Compressed air, MRO, Automation, Sales, Financial services, Nuveen

Frontenac announced today that it has completed an oversubscribed secondary market transaction to fund future growth initiatives of portfolio company, Motion & Control Enterprises (“MCE”).

Key Points: 
  • Frontenac announced today that it has completed an oversubscribed secondary market transaction to fund future growth initiatives of portfolio company, Motion & Control Enterprises (“MCE”).
  • The continuation vehicle provides MCE with the resources to accelerate organic growth initiatives and pursue additional acquisition opportunities.
  • With a continuation vehicle, we can continue to support strong companies and executives like MCE and Charley Hale.
  • This continuation vehicle furthers Frontenac’s strategy to build sizeable and long-standing companies," said Ron Kuehl, Managing Partner at Frontenac.

Three Nuveen Closed-End Funds Announce Availability of 19(a) Notices

Retrieved on: 
Monday, July 31, 2023
Finance, Banking, Professional Services, Other Professional Services, Asset Management, Nuveen, Calendar, Policy, Fund, Funding, Cryptocurrency, Bank, Life insurance

The 19(a) distribution notices for three Nuveen closed-end funds are now available.

Key Points: 
  • The 19(a) distribution notices for three Nuveen closed-end funds are now available.
  • This informational notice provides further details on the sources of the funds’ regular monthly distribution and follows the most recent monthly distribution announcement.
  • The full text of this notice is available below or on the Nuveen website via Distribution Source Estimates .
  • The following table provides estimates of the Funds’ distribution sources, reflecting year-to-date cumulative experience through the month-end prior to the latest distribution.

Nuveen Floating Rate Income Fund Announces Completion of Mergers and Distribution Increase

Retrieved on: 
Monday, July 31, 2023
Asset Management, Professional Services, Finance, Nuveen, Indian Sugar Mills Association, JFR, Life insurance, Security (finance)

The fund intends to distribute all or substantially all of its net investment income through its regular monthly distribution and to distribute realized capital gains at least annually.

Key Points: 
  • The fund intends to distribute all or substantially all of its net investment income through its regular monthly distribution and to distribute realized capital gains at least annually.
  • In any monthly period, in order to maintain its level distribution amount, the fund may pay out more or less than its net investment income during the period.
  • If a distribution includes anything other than net investment income, the fund provides a notice of the best estimate of its distribution sources at the time of the distribution which may be viewed at www.nuveen.com/CEFdistributions .
  • You should not draw any conclusions about the Fund’s investment performance from the amount of the distribution.

Andrew Sibbald Joins Warburg Pincus as Co-Head of Europe

Retrieved on: 
Monday, July 31, 2023
The Phoenix Partnership, Senior, Culture, Brown & Brown, Donaldson, Lufkin & Jenrette, Insight Partners, Sale, Donaldson, Warburg Pincus, Andrew Kerr (festival co-founder), Partner, Investment, Partnership, Growth, AA, Security (finance), Financial services, Nuveen, Evercore

LONDON, July 31, 2023 /PRNewswire/ -- Warburg Pincus, a leading global growth investor, today announced the appointment of Andrew Sibbald as a Managing Director and Co-Head of Europe. Mr. Sibbald will work alongside veteran investor and current Co-Head of Europe, René Obermann, based in Berlin. Mr. Sibbald will succeed Adarsh Sarma, who will remain a Managing Director and Partner with the Firm, focusing on his existing portfolio. Jim Neary, Co-Head of U.S. Private Equity, will work closely with Andrew, René and the European team to support the firm's global strategy, portfolio management and new investments.

Key Points: 
  • LONDON, July 31, 2023 /PRNewswire/ -- Warburg Pincus, a leading global growth investor, today announced the appointment of Andrew Sibbald as a Managing Director and Co-Head of Europe.
  • Mr. Sibbald will work alongside veteran investor and current Co-Head of Europe, René Obermann, based in Berlin.
  • Based in London, Mr. Sibbald joins Warburg Pincus from Evercore, where he most recently served as Chairman and Senior Managing Director of Evercore's European investment banking business.
  • "We look forward to welcoming Andrew to Warburg Pincus and want to thank Adarsh for his 18+ years of service in the US and Europe," continued Jim Neary, Managing Director, Co-Head of U.S.

Andrew Sibbald Joins Warburg Pincus as Co-Head of Europe

Retrieved on: 
Monday, July 31, 2023
The Phoenix Partnership, Senior, Culture, Brown & Brown, Donaldson, Lufkin & Jenrette, Insight Partners, Sale, Donaldson, Warburg Pincus, Andrew Kerr (festival co-founder), Partner, Investment, Partnership, Growth, AA, Security (finance), Financial services, Nuveen, Evercore

LONDON, July 31, 2023 /PRNewswire/ -- Warburg Pincus, a leading global growth investor, today announced the appointment of Andrew Sibbald as a Managing Director and Co-Head of Europe. Mr. Sibbald will work alongside veteran investor and current Co-Head of Europe, René Obermann, based in Berlin. Mr. Sibbald will succeed Adarsh Sarma, who will remain a Managing Director and Partner with the Firm, focusing on his existing portfolio. Jim Neary, Co-Head of U.S. Private Equity, will work closely with Andrew, René and the European team to support the firm's global strategy, portfolio management and new investments.

Key Points: 
  • LONDON, July 31, 2023 /PRNewswire/ -- Warburg Pincus, a leading global growth investor, today announced the appointment of Andrew Sibbald as a Managing Director and Co-Head of Europe.
  • Mr. Sibbald will work alongside veteran investor and current Co-Head of Europe, René Obermann, based in Berlin.
  • Based in London, Mr. Sibbald joins Warburg Pincus from Evercore, where he most recently served as Chairman and Senior Managing Director of Evercore's European investment banking business.
  • "We look forward to welcoming Andrew to Warburg Pincus and want to thank Adarsh for his 18+ years of service in the US and Europe," continued Jim Neary, Managing Director, Co-Head of U.S.

CREC Adds Senior Talent to Support Growing Multifamily Investment Platform

Retrieved on: 
Wednesday, July 26, 2023
JPMorgan Chase, Business development, Natural Capital Project, CREC, Ohio Wesleyan University, Lakes Region Facility, Investment, Capital market, Financial management, Pzena Investment Management, Business, Finance, Facility management, DeVry University, Nuveen, Knowledge, Accounting, Financial services, Economics

COLUMBUS, Ohio, July 26, 2023 /PRNewswire/ -- CREC Real Estate, LLC ("CREC"), a private equity real estate investment firm, today announced that Levi Williamson has joined as Director of Business Development. Williamson will focus on fundraising and growing the firm's relationships with institutional investors and financial intermediaries, in North America and globally.

Key Points: 
  • COLUMBUS, Ohio, July 26, 2023 /PRNewswire/ -- CREC Real Estate, LLC ("CREC"), a private equity real estate investment firm, today announced that Levi Williamson has joined as Director of Business Development.
  • Williamson will focus on fundraising and growing the firm's relationships with institutional investors and financial intermediaries, in North America and globally.
  • Williamson joins CREC with a 17-year track record of raising capital across numerous private and public investment vehicles.
  • He was previously Capital Project Manager and Regional Facilities Manager at GoldOller Real Estate Investments, a multifamily real estate investment company with properties across the US.

Wealth Advisors Gain Access to Global Farmland Investment from Nuveen via iCapital

Retrieved on: 
Tuesday, July 25, 2023
Partnership, Research, Vegetable, Nuveen, TIAA, Investment, ESG, Agriculture, Financial services, Security (finance)

NEW YORK, July 25, 2023 /PRNewswire/ -- Nuveen, the $1.1 trillion investment manager of TIAA, has expanded its partnership with iCapital, the global fintech platform driving access to alternative investments for the wealth management industy, to offer investors and financial advisors the opportunity to allocate to high-quality, globally diversified agricultural assets.

Key Points: 
  • The Nuveen Global Farmland strategy is managed by Nuveen Natural Capital, the largest manager of global farmland1, with $12.4 billion in assets currently under management.
  • This is the fourth Nuveen private market strategy available to wealth advisors and their clients on iCapital's technology platform, adding to a list of offerings focused on real estate, private credit and private equity.
  • Today, a rising global population, diminishing supply of arable land and technology adoption increasing productivity are key drivers of the value of farmland worldwide.
  • "Nuveen Natural Capital is responding to this global challenge with a management approach geared toward developing the efficiency, as well as the portfolio value, of farmland assets to their full potential."

Dealpath Reports Strong Results in H1 2023, Fueling Continued Expansion

Retrieved on: 
Tuesday, July 18, 2023
Commercial Building & Real Estate, Software, Construction & Property, Data Analytics, Artificial Intelligence, Data Management, Professional Services, Technology, Centurion, Customer success, Business development, Vice, Oxford Properties, Organizational founder, AEW, Word, The Last Best Place, JLL, OMS, DDI, IC, Business, Gaw Capital, Microsoft, Marketing, Nuveen, Blackstone, Publication, UBS, Growth, GTM, MetLife, DWS, Cryptocurrency, Video game, Management, Sales, Manulife, New York Life Insurance Company

New clients include big-name industry players such as CBRE Investment Management, LaSalle, Newmark, Centurion, Gaw Capital, and DWS.

Key Points: 
  • New clients include big-name industry players such as CBRE Investment Management, LaSalle, Newmark, Centurion, Gaw Capital, and DWS.
  • In April and May of this year, Dealpath announced the appointments of Jason Lo and Mathew Keshav Lewis to its senior leadership team.
  • Dealpath is committed to supporting its clients to invest in and responsibly make the most of our built world.
  • The Dealpath team is just getting started, and couldn't be more excited for what’s ahead.