Attracts $1.3 billion in initial commitments toward $2.5 billion target for private credit energy infrastructure investments.
Strategy targets opportunities in renewables, energy storage, hydrocarbons, LNG, and sustainable infrastructure with risk-mitigation features.
Backed by leading global institutional investors, including a Canadian pension fund manager, TIAA, and multiple insurers and pensions from Asia.
Nuveen has raised $1.3 billion in the first close of its Energy & Power Infrastructure Credit Fund II (EPIC II), a private credit strategy aiming for a $2.5 billion total. The fund is designed to provide bespoke credit solutions to companies across the energy and power sector, capitalizing on rising demand driven by digitalization, electrification, and the reindustrialization of North America, Europe, and other OECD countries.
EPIC II will finance projects and companies across the full energy spectrum, including renewable generation, energy storage, hydrocarbons, midstream operations, and liquified natural gas. The fund also prioritizes sustainable infrastructure investments and seeks to protect downside risk through hard asset collateral, long-term contracts with strong counterparties, and structured pricing protection.
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“Bringing together the resiliency of infrastructure assets and the private credit playbook that utilizes covenant protection and structural flexibility has unlocked a strong level of investor demand across the globe,” said Don Dimitrievich, Senior Managing Director & Portfolio Manager, Energy Infrastructure Credit. He added that investors are drawn to strategies that align with growing global energy demand while offering inflation and geopolitical risk protection.
The first close includes commitments from a leading Canadian pension fund manager, TIAA, and institutional investors from Japan, Korea, and Europe. Nearly half of the commitments come from outside the U.S. EPIC II builds on the track record of its predecessor, EPIC I, and is managed by Nuveen’s Energy Infrastructure Credit team, led by Dimitrievich, with over $13 billion invested across multiple market cycles.
Nuveen ranks among the top 20 global infrastructure managers, with more than $35 billion in infrastructure assets under management as of March 31, 2025. The platform has over 30 years of experience in private debt and equity infrastructure investing.
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