Nuveen has completed the initial public offering of the Nuveen Core Plus Impact Fund.
The fund portfolio comprises fixed-income investments across four social and environmental themes (Affordable Housing, Community and Economic Development, Renewable Energy and Climate Change, and Natural Resources) or in issuers that demonstrate ESG leadership. It raised $575 million in its common share offering.
Nuveen says portion of the fund’s AUM will be dedicated to impact investing opportunities, including investments that provide exposure to issuers and/or individual projects with direct and measurable social and/or environmental benefits. The remaining portion of the fund will be dedicated to ESG investments, providing exposure to issuers with leading ESG practices relative to industry peers. All investments in the fund are evaluated using Nuveen’s relative value framework in order to deliver competitive financial returns.