US-based alternative investment firm Nuveen has launched a dedicated platform for infrastructure investment.
The move is a response to what Nuveen describes as “unprecedented investor demand” for infrastructure assets.
The firm, which has around $1.3 trillion in assets under management, has also made a number of appointments and merged a number of specialist units to launch the platform.
The team will be led by Jessica Bailey who has been appointed to the newly-created role of head of global infrastructure. Bailey was previously chief executive of Nuveen Green Capital.
“By bringing together our specialised teams, we can better serve clients who are seeking to allocate capital to the infrastructure investments that are essential to the global economy,” said Bill Huffman, Nuveen’s chief executive.
A report issued earlier this week by management company Carne Group found that the vast majority of infrastructure fund managers (84%) expect inflows to rise in 2025.
So far the asset class has around $1.6 trillion in assets under management but a combination of decarbonisation initiatives, rising use of AI and ageing legacy technology has sparked rising activity in the space.
Nuveen manages around $36 billion of assets across private infrastructure debt and equity and listed infrastructure. In August, it raised $1.3 billion for an infrastructure credit strategy.
