Chicago-based investment manager Nuveen has collaborated with New York-based alternatives investment platform Artivest to launch an alternatives service offering for RIAs, family offices, private banks, and other financial advisors serving qualified high-net-worth investors.
The partnership aims to offer advisors investment tools, education materials, and a client service team to access the alternative investment solutions offered by Nuveen and its parent, TIAA Global Asset Management, Nuveen said in a statement.
As of 31 March 2016, Nuveen and TIAA’s alternative investment solutions had more than $140bn in assets, in aggregate, across real estate, agriculture, infrastructure, timber, agribusiness, private equity, alternative credit-based, long/short, and special sector investment strategies.
Nuveen managing director, head of alternative investments Mike Perry said: “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,” said, for
Nuveen said that the launch of the new service will allow advisors to utilise industry-leading technology to allocate alternative investments across client portfolios, as well as access institutional-quality strategies.
Artivest founder and CEO James Waldinger said: “We are thrilled that Nuveen has chosen Artivest to power its alternatives platform. Expanding access to high quality, true alternatives is at the core of our mission, and we look forward to working with a leading financial services provider like Nuveen to help meet advisors’ growing demand for these products.”