Nuveen Private Capital, comprising U.S. and European asset managers Churchill Asset Management and Arcmont Asset Management, has entered into a strategic partnership with Hunter Point Capital (HPC), an independent investment firm, and Temasek, a global investment company headquartered in Singapore. HPC and Temasek are making minority investments in Nuveen Private Capital and Temasek will provide long-term capital commitments to the platform’s new and existing strategies.
“Welcoming Hunter Point Capital and Temasek is a point of pride and a testament to the deep bench of talent that has quickly propelled Nuveen Private Capital to become one of the leading private credit platforms in the world,” Bill Huffman, CEO of Nuveen and chairman of Nuveen Private Capital, said. “As Nuveen Private Capital’s global reach continues to expand, our new partnership with these two highly experienced strategic business builders and capital investors powerfully affirms our original vision for an integrated, collaborative platform that honors the trust placed in us by our investors.”
“This partnership provides strong validation of the scaled, highly differentiated platform that we have built together and reflects our shared commitment to continue enhancing the value we deliver to our investors, borrowers and private equity sponsors,” Ken Kencel and Anthony Fobel, co-CEOs of Nuveen Private Capital, said.
“Nuveen Private Capital’s global reach and deep local market expertise, combined with their longstanding relationships with sponsors and ability to source deal flow, are among the best in the industry,” Avi Kalichstein, CEO and co-founder of Hunter Point Capital, said. “We are delighted to expand the engagement between our firms and to play a strategic role in Nuveen Private Capital’s next phase of growth.”
Following the transaction, Nuveen will maintain its majority ownership of Nuveen Private Capital, with Churchill and Arcmont senior management and employees retaining minority stakes. The transaction will have no impact on Nuveen Private Capital’s investment strategy or processes, leadership or day-to-day operations.
BofA Securities served as financial advisor to Nuveen.
