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Nuveen, the global investment subsidiary that manages $1 trillion in assets for its owner, U.S. mega-pension TIAA, announced on Wednesday that it is the lead investor in a Series B growth equity round for Advanced Battery Concepts (ABC), a U.S.-based developer of technology for bipolar lead-acid batteries.

While Nuveen has devoted more than $1 billion in private market impact investing over the past decade, this week’s ABC Series B round marked the first investment of Nuveen’s Global Impact Fund. …


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A new report in Winsight Grocery Business this week has cast a speculative light on how physical grocery stores — the essential brick-and-mortar retail segment that has shown real resilience amid the covid pandemic — might evolve in the post-covid real estate economy.

The piece quotes New York architect David Katz, who is predicting a “bifurcation” in how physical grocery square footage is allocated in favor of areas on the building perimeter — traditionally the produce and freezer aisles — while products typically consigned to the center aisles shift to microfulfillment centers.

Winsight noted that grocers have historically struggled to operate delivery services profitably, particularly for refrigerated items and fresh produce with limited shelf-life. But non-perishable, shelf-stable items don’t face those same storage constraints and could benefit from accelerated demand for delivery technology. This, in turn, would free up valuable in-store space for grocers (and, presumably, continue to juice the market’s insatiable thirst for warehouse and logistics real estate). …


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Can the success of a small modular nuclear reactor designed and developed by the American firm NuScale Energy in Oregon bring more investors to long-term investment in nuclear innovation, and a more prominent role for nuclear in the global renewable energy mix?

In August, NuScale’s reactor became the first SMR to receive design approval (Final Safety Evaluation Report, or FSER) from the U.S. …

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Investable Universe

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