Nuveen to Acquire Controlling Interest in Arcmont


October 31, 2022

On October 27, 2022, Nuveen Private Capital announced that it will acquire a controlling interest in Arcmont Asset Management.

Under the terms of the transaction, Nuveen Private Capital (“Nuveen”) will acquire a controlling interest in Arcmont Asset Management (“Arcmont”). Nuveen will combine Arcmont with its affiliate Churchill Asset Management (“Churchill”) and expand into the European market. The transaction is expected to close in the first half of 2023. Financial terms were not disclosed.

Nuveen, based in Chicago, serves individual and institutional investors, including Teachers Insurance and Annuity Association of America (“TIAA”). Nuveen had over $1.1 trillion in assets under management as of June 30, 2022. BofA Securities was TIAA’s exclusive financial advisor on the transaction.

Arcmont, based in London, is a private debt asset management firm. Arcmont focuses on the European market and has over $26 billion in assets under management.

To read the press release: please click here.

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