Kate Farrar
Nuveen, a global asset manager with $1.4 trillion in assets under management[1], has secured investments from Australian institutional investors into a dedicated Australian portfolio managed by Arcmont Asset Management (“Arcmont”). Arcmont, an investment affiliate of Nuveen, is a leading European private credit asset management firm with A$74 billion of investable capital, providing flexible capital solutions to a wide range of businesses in Europe.
Brighter Super, JANA Private Credit Trust and two other Australian institutional investors have committed a combined A$705 million to the strategy, which has been established to provide Australian investors access to a portfolio of senior secured, unitranche and subordinated loans to European mid and upper-mid-sized companies, with a focus on non-cyclical, defensive sectors.
In the past 15 years, Arcmont has raised capital from over 495 global investors across its Direct Lending, Senior Loan, NAV Financing, Impact Lending and Capital Solutions strategies and fostered a network of more than 135 sponsor relationships throughout Europe.
Kate Farrar, CEO of Brighter Super, said: “This investment reflects our focus on high-quality private credit opportunities that can provide resilient income and diversification for members. Arcmont’s disciplined investment approach and deep European market expertise make the strategy a strong fit within our broader private market portfolio.”
Anthony Fobel, CEO of Arcmont, said: “Private credit continues to play an important role in institutional portfolios globally, particularly as investors seek diversified sources of income and exposure to strategies with defensive characteristics. We are delighted to partner with these leading Australian investors through a dedicated solution that provides efficient access to Arcmont’s European direct lending platform at significant scale. We look forward to supporting their investment objectives through our disciplined investment approach, strong sponsor relationships and long-term partnership mindset, hallmarks of Arcmont’s strategy for more than a decade.”
Andrew Kleinig, Head of Australia for Nuveen, said: “This is a significant milestone for our Australian institutional partnerships and reflects the growing appetite among local investors for high-quality, income-generating private credit strategies. European direct lending offers compelling diversification potential that is not readily accessible in the domestic market, and we are delighted to be able to offer Australian institutions tailored access to Arcmont’s highly regarded platform. We look forward to deepening these relationships and continuing to bring the best of Nuveen’s global capabilities to our partners here in Australia.”