Arcmont Asset Management has secured mandates totalling €475m for a new Impact Lending strategy from pension asset manager APG, and TIAA, one of the world’s largest institutional investors and a provider of retirement and financial services.
Arcmont is owned by Nuveen Private Capital (NPC).
The strategy, which first launched in November 2024, aims to provide debt financing to companies whose products and services seek to address critical environmental and social challenges across four key themes: climate, health, education and sustainable economic growth.
The firm has collaborated with Bridgespan Social Impact to develop its approach and will measure the fund’s impact using key performance indicators (KPIs) related to outcomes.
APG Asset Management, which invests on behalf of Dutch pension funds, including ABP (with €550bn in assets and €30bn allocated to impact investments), has committed to the strategy. TIAA, the parent company of Nuveen, also joined the effort.
Since its inception in 2011, Arcmont has raised approximately €31bn across its various strategies. In addition to the impact credit strategy, the firm is fundraising for the fifth vintage of its flagship Arcmont Direct Lending Fund V, targeting €12bn, following a €10bn close for Direct Lending Fund IV in January 2024.
