Global asset manager Nuveen has expanded its Nordic presence with an office in the Copenhagen suburb of Hellerup.
The firm has been active in the Nordics for more than 10 years and the Danish office is intended to complement the firm’s existing real estate offices in Stockholm and Helsinki.
Copenhagen will serve as the main hub for all advisory services activities across the Nordics and the Benelux region.
Per Frederiksen, head of international advisory services for continental Europe, will lead a six head strong office.
With $616bn of assets invested in responsible investments and $1trn in total assets, Nuveen has seen business inflow grow by more than 50% in the Nordics and Benelux during the last three years.
Clients include Swedish buffer funds AP1 and AP2, Dutch APG Asset Management, Danish PFA Asset Management and Danish pension fund PenSam.
Nuveen manages investments across real estate, private credit, farmland, private equity and forestry on their behalf.
Nuveen is the investment management arm of TIAA, the Teachers Insurance and Annuity Association of America, and offers solutions for a range of investors including pension funds, insurance companies, sovereign wealth funds, banks and family offices.
It often invests alongside its clients to align its interests with them.
The asset manager’s capabilities include a wide range of liquid and illiquid alternative strategies such as real estate, real assets (farmland, timber, infrastructure), private equity and debt, in addition to both traditional and fixed income assets.
Nuveen employs more than 2,900 staff worldwide.
At the end of September, Nuveen expanded its ESG exchange-traded funds (ETFs) with the Nuveen ESG High Yield Corporate Bond ETF (NUHY), which tracks the Bloomberg Barclays MSCI US High Yield Very Liquid ESG Select Index, and offers exposure to a diversified portfolio of US dollar-denominated, high yield, fixed-rate corporate bonds that satisfy certain environmental, social and governance criteria.