Nuveen is expanding its alternative investment platform with the launch of a new CLO ETF (NYSE: NCLO) focusing on AA-BBB rated CLO tranches. The ETF aims for high current income and total return, differentiating itself from most CLO ETFs that target triple A-rated CLOs.
Additionally, in Q1 2025, Nuveen plans to convert its CLO Opportunities Fund into the Nuveen Enhanced CLO Income Fund, an interval fund structure investing in debt and equity tranches of CLOs. The company's leveraged finance team manages $43 billion in AUM, with $17.8 billion in the CLO platform.
The company also announced the launch of its Private Markets Institute, providing educational resources and practical support to help advisors better engage with clients on private market investments.