We advised Nuveen on the debt offering

Davis Polk advised Nuveen, LLC in connection with a Rule 144A / Regulation S offering of £550 million aggregate principal amount of its 6.052% senior notes due 2031. Nuveen intends to use the net proceeds from the offering for general corporate purposes, which may include, among other things, to fund a portion of the cash consideration for Nuveen’s acquisition of Schroders plc and to pay fees and expenses related to the acquisition and to the offering.

Founded in 1898, Nuveen is a premier global investment manager with approximately $1.4 trillion in assets under management as of June 30, 2026. The company provides investment capabilities spanning public and private markets to institutional and individual investors around the world and to its parent company, TIAA. Nuveen combines specialized investment platforms with global distribution and integrated shared services, enabling its investment teams to maintain distinct investment processes while benefiting from the scale, infrastructure and resources of a diversified global firm.

The Davis Polk corporate team included partner Shane Tintle and associate Walker Halstad. The tax team included partner Kara L. Mungovan and associates Alanna Phillips and David J. Beer. Counsel Chaoyuan (Charles) Shi provided ERISA advice. Associates Andrea Stoller and John Godoshian provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.

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