Nuveen, a TIAA company

Nuveen, a TIAA company, stands as a prominent global investment manager, overseeing a vast array of assets for institutional and individual clients worldwide. As of December 31, 2023, Nuveen managed over $1.1 trillion in assets, making it one of the largest investment firms globally. The firm offers a comprehensive suite of investment solutions spanning traditional asset classes like equities and fixed income, alongside a significant focus on alternative investments.

Nuveen's expertise in alternatives encompasses private equity, private credit, real estate, infrastructure, farmland, and timberland. These investments are typically characterized by their large scale and long-term horizons, often involving direct investments in mature companies, large-scale real estate developments, or significant infrastructure projects. For instance, Nuveen is a major player in real assets, managing over $150 billion in real estate and agriculture investments globally. Their approach to private capital is geared towards providing institutional-grade access to illiquid assets, aiming for diversification and enhanced returns for their clients.

It is important to note that Nuveen's investment strategy does not typically involve providing "first cheques" to early-stage startups in the manner of traditional venture capital firms. While they may invest in private equity funds or engage in growth equity, their direct investment activities are generally focused on more established companies or large-scale asset acquisitions. Consequently, typical "first cheque" sizes for venture capital-style investments are not applicable to Nuveen's core business model.