Associate, Private Infrastructure

As an Associate for Nuveen’s Global Infrastructure team focused on private equity infrastructure investments, your role will include supporting the origination of new investments as well as portfolio management and surveillance activities across the firm’s existing private equity investment portfolios which includes direct equity joint ventures, private equity fund commitments, co-investments, and preferred security investments.
Key Responsibilities and Duties

• Assist in underwriting and oversight of direct equity and equity-like investments by working with senior deal team members to execute on due diligence including financial modeling, asset-level due diligence, underwriting and drafting of investment committee materials. Drive portfolio management process by responding to external and internal business partner inquiries, preparing board materials and presentations, assisting various business partners to address valuation, accounting, legal and compliance deliverables and other quantitative and qualitative analysis as needed on an ad-hoc basis.
• Assist in screening, underwriting and structuring limited partnership commitments with external infrastructure fund managers; Underwriting to include sector analysis, fund manager comparisons, track record assessment and attribution analysis to ensure investments meet investment strategy criteria; Work with senior deal team members to source, select, and underwrite co-investments across all infrastructure subsectors.
• Perform quantitative and qualitative analysis on existing infrastructure portfolio.
• Assist in portfolio activities including portfolio reviews, market research, Risk analysis, rating agency reviews, sponsor evaluation, and investment modifications.
• Assist in researching and analyzing both macro and portfolio trends, regulatory policy, and legal frameworks to help drive investment goals and portfolio construction. This will include screening and executing direct equity, co-investment, private equity fund commitments, and preferred equity investments. Multi-sector infrastructure strategy includes investments in transportation, power, renewable energy, storage, digital infrastructure (data centers, fiber optic networks, towers, DNS, etc.) and social infrastructure (campus energy, student housing, healthcare, etc.)
• Work with internal business partners to ensure all legal, compliance, and accounting requirements are met.
• Prepare memoranda and other materials used to support investment and portfolio recommendations and to communicate with internal business partners and external clients.
• Closely monitor the performance of existing portfolio investments and manage regular communication with sponsors, investment partners, and banking intermediaries.
• Maintain investment performance databases and files.
• Support the internal Sales and Product team’s third-party distribution efforts for Nuveen’s private infrastructure investments.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 2+ Years Required; 3+ Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level
6IC

Required:

• 2 + years of institutional investment and/or private equity infrastructure/project finance and valuation experience.
• Strong financial modeling experience in MS Excel and similar software packages.
• Prior investment experience with infrastructure or energy assets.

Preferred:

• Bachelor’s degree, Master’s degree and/or CFA.
• 3 + years of institutional investment and/or private equity infrastructure/project finance and valuation experience.
• Broad industry experience in power, transportation, renewable energy, etc.
• Knowledge and ongoing interest in, current trends, success factors, participants and industry terms in infrastructure and energy investment markets
• Familiarity with project documents, service agreements, joint venture agreements, limited partnership agreements, financing agreements, etc. 
• Demonstrated experience developing and using financial statement analysis and financial modeling
• Strong knowledge of accounting and finance
• Excellent verbal and written communication skills
• Willingness to work hard in a team-oriented, performance-based environments

Anticipated Posting End Date:

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location.  In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans). 

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Company Overview

Nuveen is a global investment leader, managing public and private assets for clients around the world and on behalf of TIAA, our parent company and one of the world’s largest institutional investors. We invest in the growth of businesses, real estate, infrastructure and natural capital, providing clients with the reliability, access and foresight unique to our heritage. Our prevailing perspective on the future drives our ambition to innovate and adapt our business to the changing needs of investors - all to pursue lasting performance for our clients, our communities and our global economy. Visit www.nuveen.com to learn more about us.

Our Culture of Impact

At TIAA, we're on a mission to build on our 100+ year legacy of delivering for our clients while evolving to meet tomorrow's challenges. We equip our associates with future-focused skills and AI tools that enable us to advance our mission. Together, we are fighting to ensure a more secure financial future for all and for generations to come. We are guided by our values: Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. They influence every decision we make and how we work together to serve our clients every day. We thrive in a collaborative in-office environment where teams work across organizational boundaries with shared purpose, accelerating innovation and delivering meaningful results. Our workplace brings together TIAA and Nuveen's entrepreneurial spirit, where we work hard and work together to create lasting impact. Here, every associate can grow through meaningful learning experiences and development pathways—because when our people succeed, our impact on clients' lives grows stronger.

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary.

Equal Opportunity

We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.

Our full EEO & Non-Discrimination statement is on our careers home page, and you can read more about your rights and view government notices here.

Accessibility Support

TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities. 

If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team: 

Phone: (800) 842-2755

Email: [email protected]

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TIAA maintains a drug-free and smoke/free workplace.

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