Senior Director, Private Placements Investing

Nuveen is the investment management arm of TIAA. It is one of the largest global asset managers with specialist knowledge across a wide array of asset classes, including fixed income, equities and alternatives. Nuveen is driven not only by the independent investment processes across the firm, but also the insights, risk management, analytics and other tools and resources a truly world-class platform provides. As a global asset manager, our mission is to work in partnership with our clients to create outcome-focused solutions to help them secure their financial future.

Overview Of The Role

We are looking for an experienced Senior Director, Private Placements Investing whose main responsibility will revolve around originating and managing non-publicly-traded (senior) debt investments. Building on the significant leadership position and growth of Nuveen’s IG private credit platform both from investment activity as well as commercialization, the successful individual will be working independently and responsible for building out the Private Placements team’s investing capabilities, managing a junior investment team, and establishing an origination channel in the UK and Europe.

The Nuveen Private Placement team invests on behalf of TIAA and other clients in private credit. The team manages a portfolio over $66bn and invests around $9bn annually. Investment professionals on the Nuveen Private Placement team specialize in corporate investment grade, project finance, private ABS, and credit tenant loan transactions.

Key Responsibilities

• Manages investments in high-quality private placement securities and/or investments in a wide variety of private placement securities, including investment and non-investment grade securities, in accordance with defined investment objectives and parameters, while also supporting the origination of investments.
• Maintains an asset allocation approach to enhance investment performance and maximize returns while appropriately balancing risk, analysing economic/industry forecasts as well as investment approaches and risk scenarios to formulate recommendations for asset allocation.
• Researches selected industries and companies, monitors market trends, and prepares reports to support investment decisions.
• Analyses economic, industry and company data, and develops detailed financial models to support investment decisions.
• Assists in maintaining relationships with deal sponsors, investment banks, investment funds, and other deal flow sources.
• Helps coach and delegate work to lower-level team members, validating and supplementing their work and providing guidance and insight as needed to help them improve performance and productivity.

Qualifications & Experience Required

• Significant relevant experience with investment grade and potentially below investment grade private placements.
• Financial modelling.
• Strong origination track record.
• Strong skills in understanding legal structures and documentation, in the financing of assets and companies.
• Fluency in English + another European language.

Competencies Required

• Adaptability and commercial awareness with client focus.
• Excellent communication, collaboration, and inter-personal skills.
• Experience of working across a global business and maintaining relationships with colleagues in different jurisdictions.

This role requires Certified Staff - UK regulatory designation. Nuveen is committed to providing equal opportunity across all employment practices and we believe our employees have a right to a diverse and inclusive workplace.