Global investment manager Nuveen has entered into two new partnerships to broaden access to its global real estate strategy.
The move involved collaborating with fintech providers Altive and iCapital, providing its Asia Pacific private wealth investors with access to the real estate platform.
The real estate offering provides growth and income generated from commercial property investments.
As agreed, the two new partners will invest in Nuveen’s real estate offering. The private investors in the Asia Pacific region can access it through the Altive or iCapital feeders.
Nuveen managing director, head of Private Wealth, Asia Pacific, Henry Chui said: “We are excited to be at the forefront of the industry in collaborating with two prominent fintech platforms to broaden the range of investment strategies accessible to Asia private wealth investors and intermediaries.
“The hunt for yield in a prolonged historic low rate environment from the pandemic, combined with the longstanding under allocation of Asian investors’ portfolios to alternatives, present a compelling opportunity for Asia high net worth individuals, wealth managers and family offices to capitalise on the benefits of a direct global real estate allocation through a single investment.”
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By GlobalDataThe collaborations further underlines Nuveen’s strategy to focus on the growing affluent segment in Asia.
A subsidiary of financial planning firm TIAA, Nuveen is a global investment manager with around $1.2trn of AUM.
In January, the company signed a deal to acquire UK-based renewable energy fund manager Glennmont Partners.