At-a-glance
| TARGET SIZE: | $400 to $500 million |
| TYPICAL FUNDRAISE TIMING: | 12-18 months |
| TYPICAL TERM: | 10 years following fundraise period |
| DISTRIBUTIONS: | Quarterly |
Overview
Seeks to primarily provide investors with majority positions in the equity of newly issued Nuveen-managed CLOs via one investment. The strategy seeks to generate attractive total return and current cash flow potential, a benefit of locked, term financing.
Strategy highlights
- Structural protections: Risk mitigation and capital preservation guardrails during times of market volatility and dislocations
- Vintage diversification: Programmatic and opportunistic purchases of Nuveen-managed CLO equity.
- Partnership: Alignment of interests with Nuveen’s parent, TIAA, as a substantial co-investor.
Our integrated team has a cycled-tested track record of managing CLOs and investing in CLO securities.
DEDICATED TEAM
Integrated team and leveraged finance platform fosters real-time information flow and collaboration between CLO specialists, research analysts and traders to help uncover relative value opportunities
EXPERIENCE
Successfully managed through multiple credit cycles and market environments in the primary and secondary CLO markets.
ACTIVE MANAGEMENT
We believe delivering positive outcomes for our clients stems on active management of both risks and opportunities requiring continuous evaluation of top-down macroeconomic factors and daily re-underwriting of fundamental credit risk and relative value
Portfolio management team
Related articles
Alternative credit is not a new phenomenon, however, up until the 2008 Global Financial Crisis (GFC), it was largely overlooked by investors.
Himani Trivedi, head of structured credit at Nuveen, shares her thoughts on the current state of the CLO markets and a view of what the coming year holds for CLOs.
The CLO market has moved into the mainstream and is appealing to new investors. Himani Trivedi, head of structured credit at Nuveen, reflects on its evolution in an expert Q&A analysis featured in private debt investor.
