Further to Min's question on another thread: "where exactly is all this tremendous wealth going?"
"TH Real Estate is one of Nuveen’s specialist investment affiliates. The company sits on the Nuveen platform, allowing clients to leverage the access that the broader platform offers. "
And
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Nuveen, LLC, is the investment management business of TIAA. Formerly known as TIAA Global Asset Management, it began delivering the expertise of TIAA Investments and its other independent investment affiliates, under the Nuveen umbrella, in January 2017.
Nuveen currently manages more than $900bn in assets for a range of investors including corporate and public pensions, insurance companies, sovereign wealth funds, endowments and foundations, financial advisors, families and individuals. The global investment management company offers a broad array of traditional equity and fixed income assets, and access to a wide range of liquid and illiquid alternative strategies in asset classes such as real estate, real assets (farmland, timber, infrastructure) private equity and debt. It is also a pioneer in responsible investment, using ESG criteria in investment decisions since 1970. The platform combines broad investment capabilities with specialist investment affiliates to provide access to a full spectrum of investment capabilities across public and private markets.
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https://threalestate.com/about-us/about-nuveen
All very reassuring, I'm sure.
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TIAA and Nuveen
Following the purchase of Nuveen Investments by TIAA, Nuveen, TIAA’s asset management unit and our multiple investment affiliates began delivering all of the capabilities of a dozen investment affiliates under the name Nuveen.
TIAA got its start in 1918 when Andrew Carnegie endowed the Teachers Insurance and Annuity Association of America to ensure that teachers had the ability to retire with dignity with adequate retirement provisions. Over time, TIAA evolved into a diversified Fortune 100 financial services organization. In the 1970s, the firm (then TIAA-CREF) was one of the first to use an extensive portfolio of international stocks as part of its investment strategy. Today, TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields, and offers a wide range of financial solutions, including investing, banking, advice and education, and retirement services.
John Nuveen’s first deal was recorded in 1898. Capitalizing on a unique niche in municipal bonds, the company grew quickly. By mid-century, the Chicago-based investment bank was the largest municipal bond specialist in America. By 2014 when Nuveen Investments, was acquired by TIAA, the firm managed approximately $231 billion in client assets and was a market leader in closed-end funds and the retail managed account arena, and had also recently expanded its suite of mutual funds — more than doubling its offering of non-municipal bond funds.
Our heritage ensures that TIAA and Nuveen’s concurrent 100-year histories of innovation and successful outcomes are put to work for the investors who depend on us.
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https://www.nuveen.com/Home/Corporate/About/Values.aspx
I'm sure we all get a warm feeling inside this festive season in the knowledge that City of Edinburgh Council is borrowing £60 million from the Scottish government in order to help unlock maximum return for Nuveen's investors. Oh and lest we forget "allowing clients to leverage the access that the broader platform offers. "