When was nuveen founded

Nuveen seeks investments that solve for this gap in the supply and demand of basic needs, taking a slightly longer-term view given the focus on private markets. Nuveen aligns all of its impact investing activities with the UN Sustainable Development Goals SDGs framework which is increasingly being used to identify and solve for pressing issues facing people and the planet.

This is possible in certain markets, sectors, geographies, and asset classes. Themes such as affordable housing and financial inclusion are global investment opportunities that the impact portfolio invests in. Nuveen and its parent company, TIAA, have a long history of making responsible investments, including impact investments. Recognizing that value goes beyond financial returns, TIAA began its journey into responsible investing in when its Trustees developed formal procedures for voting on shareholder proposals.

When Unnithan joined TIAA in , she led a strategic review of the impact investing market to determine what it meant for a firm like theirs—one with a long-term investment posture and expertise in private markets across asset classes—to do impact investing well. Between and , the firm invested upwards of USD million of new capital in impact investments.

In the early days of investing the portfolio, Unnithan led the effort but partnered with colleagues across relevant asset classes to underwrite each deal, taking an active portfolio management approach. Building out a separate team for impact investing was not possible early on, and would have added to the cost and burden of justifying the strategy.

Instead, the focus was on creating dedicated partners who are part of the broader team, and who build muscle memory and expertise in sectors alongside impact investing professionals. In terms of impact measurement—a defining yet often challenging feature of impact investing—Nuveen admits that it is still a work in progress.

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