Paul Hastings LLP advised Nuveen, the $1.1 trillion asset manager of TIAA, in connection with an investment in the Nuveen Real Estate U.S. Affordable Housing Fund by CalPERS, California’s public sector pension and health benefits agency.

Launched in 2023, Nuveen’s U.S. Affordable Housing Fund seeks to generate strong risk-adjusted returns and build resilience among communities in the U.S. through access to safe, quality affordable housing.

Co-chair of the Investment Funds and Private Capital Practice Josh Sternoff led the Paul Hastings team, which also included funds associates Peter Keffer and Aaliyah Milson.

More details on the transaction can be found here.

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