Nuveen Private Capital, a private credit platform formed through the integration of Churchill Asset Management in the U.S. and Arcmont Asset Management in Europe, has entered into a strategic partnership with Hunter Point Capital and Temasek. This move brings together three influential players in the global investment landscape, each contributing distinct strengths to support the continued growth and evolution of Nuveen’s private capital business.
Hunter Point Capital, known for its focus on providing capital solutions and strategic guidance to alternative asset managers, and Temasek, the Singapore-based global investment firm with a long-term orientation and deep experience across sectors, are making minority investments in Nuveen Private Capital.
In addition to its equity stake, Temasek will also provide long-term capital commitments to support both existing and future strategies within the platform. These commitments are expected to enhance Nuveen Private Capital’s ability to scale its investment activities and pursue new opportunities across geographies and sectors.
The formation of Nuveen Private Capital in March 2023 marked a significant milestone for Nuveen, as it brought together two highly respected private credit managers—Churchill and Arcmont—under one roof. The combined platform now oversees $87 billion in assets, making it one of the largest and most diversified private credit managers globally. Over the past year, Nuveen Private Capital has deployed more than $21 billion across over 400 companies, supporting private equity sponsors and middle-market businesses throughout the U.S. and Europe. Its reach extends to more than 5,000 investors globally, reflecting the scale and breadth of its relationships.
This new partnership with Hunter Point Capital and Temasek is not a shift in direction but rather a reinforcement of Nuveen’s long-term strategy. Nuveen will continue to hold a majority stake in Nuveen Private Capital, while senior leadership and employees at Churchill and Arcmont will retain meaningful ownership positions. Significantly, the transaction will not alter the firm’s investment philosophy, leadership structure, or day-to-day operations. Instead, it provides additional resources and strategic alignment to help the platform grow in a manner consistent with its core values and approach.
The decision to bring in minority investors at this stage reflects Nuveen’s confidence in the platform’s trajectory and its desire to build on the momentum already achieved. With Hunter Point Capital’s expertise in supporting asset managers and Temasek’s global perspective and capital strength, Nuveen Private Capital is well-positioned to expand its capabilities, deepen its market presence, and continue delivering value to investors, borrowers, and private equity sponsors.
This partnership also highlights a broader trend in the private capital industry, where scale, specialization, and strategic collaboration are becoming increasingly important. As investors seek differentiated access to private markets, platforms like Nuveen Private Capital—backed by experienced partners and built on a foundation of disciplined investment practices—are emerging as leaders in the space.
Looking ahead, Nuveen Private Capital will continue to focus on its mission: providing flexible, tailored financing solutions to businesses and sponsors, while maintaining a strong commitment to risk management and aligning with investors. With the support of Hunter Point Capital and Temasek, the platform is poised to enter its next phase of growth, bringing together global reach, local expertise, and a shared vision for long-term success.
Advisor: BofA Securities served as financial advisor to Nuveen.
KEY QUOTES:
“Welcoming Hunter Point Capital and Temasek is a point of pride and a testament to the deep bench of talent that has quickly propelled Nuveen Private Capital to become one of the leading private credit platforms in the world. As Nuveen Private Capital’s global reach continues to expand, our new partnership with these two highly experienced strategic business builders and capital investors powerfully affirms our original vision for an integrated, collaborative platform that honors the trust placed in us by our investors.”
Bill Huffman, Nuveen Chief Executive Officer and Chairman of Nuveen Private Capital
“This partnership provides strong validation of the scaled, highly differentiated platform that we have built together and reflects our shared commitment to continue enhancing the value we deliver to our investors, borrowers and private equity sponsors.”
Ken Kencel and Anthony Fobel, Nuveen Private Capital co-Chief Executive Officers
“Nuveen Private Capital’s global reach and deep local market expertise, combined with their longstanding relationships with sponsors and ability to source deal flow, are among the best in the industry. We are delighted to expand the engagement between our firms and to play a strategic role in Nuveen Private Capital’s next phase of growth.”
Avi Kalichstein, Chief Executive Officer and Co-Founder of Hunter Point Capital
