Nuveen’s Global Impact Fund leads financing round for Advanced Battery Concepts
NEW YORK, Oct. 14, 2020 /PRNewswire/ — Nuveen, the $1 trillion global investment manager of TIAA with five decades of experience in responsible investing, has led a Series B growth equity round in Advanced Battery Concepts LLC (ABC). ABC develops and licenses technology related to bipolar lead-acid battery architecture.
The investment was the first from the Nuveen Global Impact Fund, a private equity vehicle formed earlier this year to make direct investments globally in high growth companies that seek to address climate change and contribute to inclusive growth. The Fund represents the most recent extension of Nuveen’s historical private impact investing efforts, through which more than $1.0 billion has been deployed over the past decade. The investment in ABC supports the Fund’s focus on companies that improve resource efficiency.
“If we are to tackle global sustainability challenges like climate …