Don Dimitrievich has joined Nuveen as head of energy infrastructure credit for equity and fixed income.
In a memo sent to Nuveen employees on Tuesday , Bill Huffman, head of Nuveen's equities and fixed-income group, said Mr. Dimitrievich will be tasked with building a team "focusing on North American energy infrastructure credit as part of our private capital capabilities."
It is a new position.
Mr. Dimitrievich's investment strategy, the memo read, will focus on debt and credit-like investments "designed to further assist companies' efforts to reduce carbon emissions, advance the electrification of industry and ensure energy supply and reliability."
The strategy will also seek to "take advantage of market dislocations in energy and power to achieve attractive risk-adjusted returns," the memo added.
Mr. Dimitrievich will be based in New York City and report to Laura Parrott, head of private placements for Nuveen's equity and fixed-income business.
Mr. Dimitrievich formerly served as a managing director in the energy and power investment team at HPS Investment Partners LLC, a New York-based global investment firm.
Nuveen had $1.1 trillion in total assets under management as of June 30.
A HPS official declined to comment on a replacement.