Nuveen Raises US$1.3 Billion For First Close of Energy & Power Infrastructure Credit Fund

Nuveen, a global investment manager, completed the first close of its Energy & Power Infrastructure Credit Fund II (EPIC II) on August 13, 2025, raising US$1.3 billion toward a US$2.5 billion target.

EPIC II is a private credit strategy offering tailored infrastructure credit solutions to meet the rising energy and power demands driven by digitalization, electrification, and reindustrialization in North America, Europe, and OECD countries. The fund invests across the energy ecosystem, including renewables, energy storage, hydrocarbons, midstream, and liquefied natural gas, through customized project and corporate financings, equipment funding, growth capital, acquisition financings, recapitalizations, and structured credit solutions. EPIC II is supported by investments from a top Canadian pension fund manager and TIAA, with nearly 50% of commitments from international investors, including global insurers, Japanese and Korean public and corporate pensions, asset managers, and other limited partners. The fund follows the same strategy as the successful Energy & Power Infrastructure Credit Fund I (EPIC I).

Nuveen’s Energy Infrastructure Credit (EIC) platform, led by seasoned professional Don Dimitrievich, is supported by a 13-member investment team, with senior members averaging 20 years of experience. Having collectively invested over $13 billion across various market cycles using the same strategy as EPIC I and II, the team brings deep credit expertise and a proven investment approach. EPIC II provides investors access to a highly desirable asset class with an appealing risk-return profile. Nuveen’s diversified infrastructure platform, built on over 30 years of experience in private debt and equity, manages more than US$35 billion in infrastructure assets as of March 31, 2025.