TIAA Global Asset Management’s operating division Nuveen has launched an online alternative investment platform, through a partnership with third-party company Altivest.
The platform will connect investors with Nuveen’s advisory and investment services in the agriculture, timber, infrastructure, private equity and real estate sectors, including online investment monitoring, reports, educational and marketing materials.
“The launch of this new initiative clearly illustrates our commitment to serving advisors in this space and our desire to help their clients access the broad and deep alternative investment solutions at TIAA Global Asset Management and build out this important component of their portfolios,” Mike Perry, head of alternative investments for Nuveen said in a statement.
In May, Agri Investor sister title Private Equity International reported that Nuveen appointed former Corsair executive Bill Stout to head its alternative investments business development with the goal of growing alternative investments growth.
Artivest provides online platforms designed to connect individual investors, advisors and asset managers to private equity and hedge funds, reducing costs and streamlining workflows, according to the company website. Artivest lists among its backers KKR, Peter Thiel, FinTech Collective and Anthemis Group.
TIAA is one of the world’s largest asset managers with roughly $91 billion AUM, according to PEI Research & Analytics. In August 2015, TIAA closed its Global Agriculture II Fund at $3 billion, exceeding its $2.5 billion target. TCGA II is targeting farmland assets in North and South America and Australia. In March this year TIAA and private equity firm AGR Partners launched an agribusiness fund targeting $600 million.
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