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uveen Real Estate, a global real‑estate investment manager with $139 billion in assets under management, announced the final close of its U.S. Strategic Debt Fund. The closed‑end, value‑add debt vehicle raised $650 million in equity commitments, surpassing its $500 million target. It is Nuveen’s first closed‑end fund in the commercial‑real‑estate‑credit arena and targets transitional debt opportunities across the United States.
The fund is anchored by a $150 million commitment from TIAA’s General Account and a diversified institutional base that includes foreign and domestic insurance companies and pension funds. “The strong investor response reflects confidence in our debt platform and the attractive opportunities in today’s commercial‑real‑estate lending market,” said Jason Hernandez, Head of Real Estate Debt, Americas. “The close positions us to capture value where traditional lenders have pulled back.”
Nuveen’s debt strategy focuses on senior, floating‑rate loans secured by properties that require physical, operational, or financial restructuring. The platform manages $44 billion in commercial‑real‑estate debt worldwide and originates roughly $4.7 billion annually, based on a five‑year average. Since its first close in April 2024, the fund has deployed capital into 19 investments, totaling $1.3 billion in gross loan commitments. The portfolio is 60 % multifamily and 40 % industrial, spread across 16 U.S. markets. Key exposures include Dallas‑Fort Worth (18 % of gross asset value), Atlanta (10 %), and Orlando (9 %).
Nuveen’s debt platform has been active in commercial‑real‑estate lending since 1934, employing 55 dedicated debt professionals worldwide. It has originated over $50 billion and maintains relationships with top operators and institutional sponsors across major U.S. markets.
**Media Contact**
Andrew Chironna – [email protected] – 212‑913‑1015
**About Nuveen Real Estate**
Nuveen Real Estate is one of the world’s largest investment managers, overseeing $139 billion in assets as of September 30, 2025. With a portfolio of public and private funds and mandates, the firm offers debt and equity opportunities across diverse geographies and investment styles. Leveraging more than 90 years of real‑estate expertise and a global team of 755 employees in 30+ cities, Nuveen provides investors access to high‑quality private‑real‑estate investments. For more information, visit www.nuveen.com/realestate.
*Includes 353 real‑estate investment professionals, supported by 404 additional Nuveen employees. Source: Nuveen, 30 September 2025.*
Private funds are available only to accredited investors.
**Risk Information**
Past performance does not guarantee future results. All investments carry risk, including potential loss of principal and the possibility that investment objectives may not be achieved. Alternative investments are speculative, may be illiquid, and can involve complex tax structures, high fees, and limited regulatory oversight. Floating‑rate loans may not be fully collateralized, may trade off‑exchange, and can be issued by unrated or below‑investment‑grade entities, exposing investors to higher liquidity and credit risk. Real‑estate‑related assets are less developed, less liquid, and less transparent than traditional asset classes, and are subject to property‑value fluctuations, higher expenses, economic changes, currency risks, environmental liabilities, insurance costs, and leasing risks.
SOURCE Nuveen
