FEATURES
Nuveen Real Estate Launches Global Impact Investing Sector
N
uveen Real Estate has launched
the U.S., Europe and APAC in identifying and
a comprehensive global impact
pursuing relevant real estate impact invest-
investing sector that will focus on
ments, while growing the overall sector. Set-
building the vitality and sustaina-
tles will also continue to lead investments as head of the New York office.
bility of entire communities by enriching the lives of their residents.
Pamela West brings 25 years of industry experience, of which nearly a decade has been
The new global real estate sector will provide strategies that address some of the most
address some of the most pressing challeng-
dedicated to deploying capital into affordable
pressing social and environmental challeng-
es in local real estate across the globe, while
housing strategies and addressing social
es in the U.S., Europe and the Asia-Pacif-
creating an avenue for investors to have a
and environmental issues. She will continue
ic region (APAC), supporting growth goals
significant impact. ”
to oversee the framework’s strategy, portfolio construction and client relationships.
of up to $15 billion in real estate assets under management by 2026.
The new real estate impact sector will invest in early-stage projects and take an
In April, the firm launched the German liv-
Specifically, the mandate is designed to im-
impact-led approach to increase the supply
ing impact platform to deliver social and
prove communities by providing supportive
of social and affordable housing by targeting
environmental impact through affordable
services, enhancing residents’ quality of
low-income and disadvantaged popula-
housing. Nuveen also recently closed its first
life and financial outcomes and ensuring
tions, while also focusing on regeneration
global private equity impact platform, which
affordable, sustainable and climate safe
projects within healthcare, education and
targets investments that promote energy
housing, while supporting Nuveen’s commit-
transportation services.
efficiency and an expansion of services for underserved communities.
ment to making its global property portfolio net zero carbon by 2040. Nadir Settles will
“By leveraging Nuveen Real Estate’s in-
serve as global head of impact investing
dustry expertise, we are going beyond just
“We have been very intentional about bridg-
and Pamela West as senior portfolio manag-
affordable housing to focus our attention on
ing our core competency in real estate with
er, impact investing.
community revitalization,” Settles said. “We
community impact,” West said. “Our portfolio
see an immediate opportunity to scale our
is dedicated to creating change by placing
“We are competitively positioned to deliver a
strategy and leverage our leading position in
environmental and social impact at the heart
market-leading sector globally and at scale,”
the industry to support tenant well-being and
of our investment strategy, which ultimately
said Chris McGibbon, Nuveen global head of
create a more sustainable future.”
drives better outcomes for residents and inclusive communities while delivering a
real estate. “Under Nadir and Pamela’s leadership, I am confident that this new sector will
58 MANN REPORT | JUNE & JULY 2022
Settles will lead an international team across
healthy financial return.”
