Nuveen Secures $1.3B First Close for Energy & Power Infrastructure Credit Fund II
Nuveen has reached a $1.3 billion first close for its Energy & Power Infrastructure Credit Fund II (EPIC II), a private credit strategy with a $2.5 billion target. EPIC II focuses on directly-originated credit investments supporting secure, reliable energy and power generation, as well as sustainable infrastructure opportunities.
The fund invests across the full energy value chain—from renewables and energy storage to hydrocarbons, midstream, and liquified natural gas—through bespoke project and corporate financings, acquisition funding, recapitalizations, and structured credit solutions.
“Bringing together the resiliency of infrastructure assets and the private credit playbook that utilizes covenant protection and structural flexibility has unlocked a strong level of investor demand across the globe,” said Don Dimitrievich, Senior Managing Director & Portfolio Manager, Energy Infrastructure Credit.
The first close is anchored by commitments from a leading Canadian pension fund manager and TIAA, with nearly half of the capital coming from outside the U.S. Participants include global insurers, Japanese and Korean public and corporate pensions, asset managers, and other institutional investors.
Nuveen’s energy infrastructure credit team has invested more than $13 billion across multiple market cycles using the same approach as EPIC I and II. As of March 31, 2025, Nuveen manages over $35 billion in infrastructure assets.
