Nuveen, the investment management arm of TIAA, has announced it has raised $1.3 billion in initial capital commitments for its Energy and Power Infrastructure Credit Fund II (EPIC II), designed to provide private credit solutions across the expanding global energy sector.
The fund’s strategy focuses on financing projects that bolster secure and reliable energy production, with investments spanning the full energy value chain — from renewable power and energy storage to hydrocarbons, midstream infrastructure, and liquefied natural gas. Sustainable infrastructure opportunities will also be a key area of focus.
EPIC II received anchor commitments from a Canadian pension fund and TIAA, with nearly half of total commitments sourced from investors outside the United States, including global insurers and pension funds in Japan and South Korea.
Nuveen’s approach combines the stability of infrastructure assets with the flexibility of private credit structures, offering covenant protection and tailored financing solutions. This model, according to the company, has driven strong demand among institutional investors worldwide.
The new fund will continue the same investment strategy as its predecessor, EPIC I. Nuveen’s energy infrastructure credit team has already deployed more than $13 billion using this approach.
As of March 31, Nuveen oversaw $1.3 trillion in assets under management, including $35 billion dedicated to infrastructure investments.
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