Nuveen is a global asset manager and wholly owned subsidiary of TIAA. It is one of the 20 largest asset management companies in the world. The company was founded in 1898 and was acquired by TIAA-CREF in 2008. Nuveen offers a variety of products including mutual funds, closed-ended funds, exchange-traded funds, 529 plans, separately managed accounts, and an interval fund. Nuveen manages a portfolio of over 2,200 properties worldwide. Its holdings in the United States represent almost 80% of their portfolio. Its remaining property portfolio is located primarily in Europe with some investment in APAC. It also manages the TIAA Real Estate Account, a separately managed variable annuity based on a portfolio of American properties concentrated in the US South and West. Most of their managed assets are financial, with almost 70% held in fixed income and equities strategies. Nuveen also acquires companies, including Arcmont Asset Management, one of Europe's largest lenders in 2022.