Nuveen LLC has raised A$300 million ($196 million) from Canada Pension Plan Investment Board for its flagship commercial property debt fund in Australia, according to a statement Thursday, as investors seek to ride out volatility in the region.
CPPIB’s investment follows an earlier A$400 million-plus raising from parent Teachers Insurance and Annuity Association of America and Singapore’s sovereign wealth fund Temasek Holdings Pte. The fund now stands at over A$650 million, according to the release.
