Nuveen Investment Management has employed Ted Maa as managing director of private equity impact investment, who will report to Rekha Unnithan, head of private impact investing.
Maa has more than 15 years of private equity experience focused on the intersection of energy and climate change mitigation, and will be responsible for identifying, executing and managing direct private equity investments in key thematic impact sectors.
Most recently, Maa was a partner at Pine Brook, a private equity firm focused on growth equity investing in the energy and financial services sectors. At Pine Brook, Maa led investments in conventional energy companies as well as the firm’s entry into the energy transition and climate sectors, and also played a key role in the implementation of ESG and decarbonisation programs within Pine Brook’s conventional energy portfolio.
Previously, Maa worked on the private equity investment team at Denham Capital, where he focused on the biofuels and waste-to-value sectors as well as on conventional energy infrastructure and services.
Nuveen launched a global impact investing sector last year, aiming to address some of the most pressing social and environmental challenges in the US, Europe and the Asia-Pacific region.
The new global real estate sector aims to support growth goals of up to $15bn in real estate AUM by 2026.