Financial entities Nuveen, Hunter Point, and Temasek join forces in a strategic alliance

Nuveen Private Capital Strengthens Partnership with Hunter Point Capital and Temasek

Nuveen Private Capital, a leading player in the alternative asset management industry, has announced a strategic partnership with independent investment firms Hunter Point Capital (HPC) and Temasek. This partnership aims to bolster Nuveen Private Capital's growth and global market expertise.

Based in the United States, HPC provides capital solutions and strategic support to alternative asset managers. Avi Kalichstein, the Chief Executive Officer and Co-Founder of HPC, praised Nuveen Private Capital for its global reach, deep local market expertise, longstanding relationships with sponsors, and ability to source deal flow.

Temasek, headquartered in Singapore, has a net portfolio value of $324bn and will provide long-term capital commitments to the platform's new and existing strategies. This move is part of an effort to expand their engagement with Nuveen Private Capital and play a strategic role in its next phase of growth.

Bill Huffman, chief executive of Nuveen and chair of Nuveen Private Capital, stated that the new partnership affirms the original vision for an integrated, collaborative platform. Nuveen Private Capital was formed in March 2023, following Nuveen's majority acquisition of Arcmont, which combined with Churchill Asset Management, created an $87bn (£64.7bn) private capital platform.

Since its inception, Nuveen Private Capital has been actively investing in private equity-backed middle market companies. In the past year alone, it has invested over $21bn in over 400 companies. This partnership is expected to further strengthen its position in the market.

Churchill and Arcmont senior management and employees will retain minority stakes in Nuveen Private Capital, ensuring continuity and a shared vision for the future. The exact terms of the partnership have not been disclosed.

This partnership comes at a time when Nuveen Private Capital's global reach has been highlighted as one of the best in the industry. With the addition of HPC and Temasek, it is poised to continue its growth trajectory and make a significant impact in the private equity sector.