Nuveen Private Capital Brings on Hunter Point Capital, Temasek as Strategic Partners
Nuveen Private Capital announced a strategic partnership with Hunter Point Capital (HPC) and Singapore’s sovereign wealth fund Temasek. While financial terms were not disclosed, both HPC and Temasek are making minority investments in the platform, with Temasek further providing long-term capital commitments to support new and existing strategies.
Formed in March 2023 through Nuveen’s majority acquisition of Arcmont and its combination with Churchill Asset Management, Nuveen Private Capital has quickly grown into one of the world’s largest private credit managers, with $87 billion in assets. Over the past year, the platform has deployed $21 billion across more than 400 companies in support of U.S. and European private equity sponsors, serving a global investor base of more than 5,000.
Temasek, with $324 billion in assets, has been active in GP stakes, recently investing alongside TPG in Cliffwater. HPC, which raised $3.3 billion for its inaugural GP stakes fund in 2024, has invested in several leading alternative managers including Pretium Partners, Coller Capital, L Catterton, The Vistria Group, and MidOcean Partners.
Nuveen will continue to hold majority ownership of Nuveen Private Capital, while Churchill and Arcmont senior leadership and employees retain minority stakes. The partnership will not alter Nuveen Private Capital’s strategy, investment process, or day-to-day operations.
“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,” said Bill Huffman, Nuveen CEO and chairman of Nuveen Private Capital.
BofA Securities acted as financial advisor to Nuveen.
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