Nuveen - Wed, 02/12/2025 - 21:31

The Year Ahead: Top 5 Private Capital Trends

Private capital stands primed to capitalize on what looks set to be a favorable environment for generating returns and income as the macroeconomic fog clears, financing costs ease and improved liquidity sets the market moving in a virtuous cycle.

We expect many of the private capital trends we highlighted in 2024 to continue in 2025, but they will be set against a different macro backdrop. Five themes that are shaping that outlook include:

Somewhat higher for longer: What slower rate cuts mean for private capital investors
A busier market: What it will take to source and secure high-quality opportunities as deal activity increases
Default position: Discipline and careful portfolio construction will keep portfolios clean
Platform excellence: What today’s highly selective LPs will look for in a manager
A breath of fresh air: How exits, fundraising and new deals will develop through 2025

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Nuveen

Nuveen is the asset manager for TIAA, one of the world’s most highly rated and financially stable insurance companies¹. We leverage our deep expertise in partnering with insurance clients to tailor capital-efficient solutions to meet complex portfolio construction needs. Our platform of $1.3 trillion in AUM² offers differentiated investments across private credit and private equity, real assets, fixed income, and responsible investing focused strategies. For more information, please visit www.nuveen.com/insurance.

1. TIAA is one of only three insurance groups in the United States to currently hold the highest possible rating from three of the four leading insurance company rating agencies for its stability, claims-paying ability and overall financial strength. Ratings include A.M. Best (A++ as of 7/24), Fitch (AAA as of 8/24) and Standard & Poor's (AA+ as of 5/24), and the second highest possible rating from Moody’s Investors Service (Aa1 as of 10/24). There is no guarantee that current ratings will be maintained.
2. As of 31 December 2024.

Joseph Pursley, CIMA
Head of Insurance, Americas
Joseph.Pursley@Nuveen.com
445-245-1063

www.nuveen.com

Nuveen, a TIAA Company
333 W. Wacker Drive
Chicago, IL 60606

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