The first close reflects capital raised from a group of institutional investors in North America, Europe and Asia-Pacific, including a $150 million commitment from Nuveen’s parent, TIAA.
Reverence Capital Partners announced the final closing of Reverence Capital Opportunities Fund II at its hard cap of $1.2 billion in capital commitments, exceeding its target of $750 million.
Milliman analysis: Public pension funding ratio hits three-year high in Q4 2019 at 74.9%, but February’s market volatility will likely erase some of those gains in Q1 2020.