Nuveen to Expand Middle East Fundraising Efforts

Churchill Asset Management and Arcmont Asset Management, the U.S. and European operating companies of Nuveen Private Capital, appointed Jamal Hammoud as managing director and senior investment strategist to support its presence and fundraising efforts in the Middle East.

Based in New York, Hammoud will be employed by Churchill and spend a “significant amount of time” in the Middle East. He is expected to partner with distribution colleagues from Nuveen, Churchill and Arcmont to tap into the growing demand from Middle Eastern institutions for private credit.

Hammoud will report to Churchill’s head of investor relations, Christopher Freeze.

Hammoud was most recently at Credit Value Partners, where he supervised business development and investor relations, identifying investors interested in opportunistic credit strategies in the Middle East and other locations. He has over two decades of experience and has worked at Milestones Capital, Wall Street Global, and Merrill Lynch.

“Private capital is emerging as a core part of institutional investors’ strategic asset allocations globally both for the potential yield it provides and risk-adjusted returns,” said Freeze. “Middle Eastern investors are seeing the value and the region is becoming an increasingly important market.

Nuveen Private Capital was formed in March 2023 when Nuveen (the asset manager of TIAA) acquired London-based Arcmont, which in combination with Churchill, has created a $74 billion private capital platform.