Nuveen to Buy Arcmont Asset Management and Form $60 Billion Unit

US investment manager Nuveen is set to acquire a controlling stake in alternative debt firm Arcmont Asset Management Ltd. and combine the business with its US affiliate Churchill Asset Management LLC.

The new entity, called Nuveen Private Capital, will create a $60 billion dollar private debt platform with a global reach, according to a statement released by Nuveen on Thursday.

Nuveen to Buy Arcmont Asset Management for Over $1b: FT

Both firms will continue to be managed by their own respective teams, and operate under their own brand names. Ken Kencel, president and CEO of Churchill and Arcmont ...