Nuveen Secures $1.3B for Energy and Power Infrastructure Fund

Nuveen has raised $1.3 billion for its second energy and power infrastructure credit fund, EPIC II, which will provide credit solutions to support the growth of secure and reliable energy and power generation. The fund will take an all-of-the-above strategy to energy investments, investing in renewables and energy storage technologies, along with liquefied natural gas and other fossil fuels. The initial funding round was anchored by TIAA and a leading Canadian pension fund manager.

Nuveen, a global investment manager, has successfully closed its first close for the Energy & Power Infrastructure Credit Fund II (EPIC II) with $1.3 billion in initial capital commitments. This $2.5 billion target fund aims to provide private infrastructure credit solutions to support the growing demand for secure and reliable energy and power generation across North America, Europe, and other OECD countries. The fund will adopt an all-of-the-above strategy, investing in a range of energy sources including renewables, energy storage, liquefied natural gas, and other fossil fuels [2].

The initial funding round was anchored by TIAA and a leading Canadian pension fund manager, with nearly half of the commitments coming from outside the US. This includes global insurers, Japanese and Korean public and corporate pensions, asset managers, and other limited partner investors. The fund will focus on investments with strong projected cash flows and mitigate downside risks through hard asset collateral protection, long-term contracts with strong counterparties, and pricing protection [2].

EPIC II builds on the strong track record of the Energy & Power Infrastructure Credit Fund I (EPIC I) and is led by Don Dimitrievich, Senior Managing Director & Portfolio Manager, Energy Infrastructure Credit, supported by a team of 13 investment professionals with an average of 20 years of experience. The fund aims to provide durable income potential while addressing the growing global energy demand driven by digitalization, electrification, and reindustrialization [2].

Nuveen's diversified infrastructure investing platform, built on over 30 years of private debt and equity investing experience, manages more than $35 billion in infrastructure assets as of March 31, 2025. This latest fund demonstrates Nuveen's commitment to providing investors with access to one of the most sought-after asset classes at an attractive risk-return balance [2].

References:
[1] https://www.ainvest.com/news/fossil-group-turnaround-momentum-margin-resilience-sales-decline-2508/
[2] https://www.morningstar.com/news/pr-newswire/20250813ny49018/nuveen-raises-13-billion-from-global-institutional-investors-for-first-close-of-energy-power-infrastructure-credit-fund