Reflecting the firm’s core areas of conviction, Nuveen said its investment capabilities will now be organized into six distinct asset class pillars. In addition to Nuveen’s new Global Infrastructure Investment Platform, the five other asset class pillars include: a Global Real Estate Platform; a Global Natural Capital Platform; a Global Private Capital Platform; a Global Fixed Income Platform; and a Global Equities Platform. 

This follows decades of organic growth and strategic acquisitions in alternative investing, with $340 billion in assets under management across real estate, natural capital, infrastructure, private capital, and specializations in leveraged finance and private placements.

The firm said that global infrastructure investment needs are estimated at $94 trillion through 2040, driven by energy transition requirements, digital transformation, and aging infrastructure replacement across developed markets. Nuveen said its new platform will enable it to capture this opportunity through expertise spanning sustainable real estate financing, clean energy development, infrastructure credit, and digital infrastructure equity investments.

Jessica Bailey, who previously served as CEO of Nuveen Green Capital, has been appointed as head of global infrastructure, a newly-created role in which she will be responsible for scaling the platform. Bailey will report to Saira Malik, Nuveen chief investment officer.