Nuveen Private Capital expands European business development team

Arcmont Asset Management and Churchill Asset Management, the European and US asset management companies of Nuveen Private Capital, have expanded their European client coverage capabilities with the appointment of Ralph van Daalen as head of business development, the Netherlands.

Based in Nuveen’s Amsterdam office, Van Daalen will focus on expanding private credit solutions across the region. He brings more than two decades of expertise in the Dutch institutional market. This appointment strengthens Nuveen Private Capital’s presence in the Netherlands, following our ongoing global expansion.

Before this appointment, van Daalen was co-head of fiduciary management, Netherlands, at Goldman Sachs Asset Management where he led a team of investment specialists and was responsible for servicing and expanding its Dutch fiduciary client base. He also held several positions at international asset manager Robeco, including director, institutional client relations, Netherlands and both board member and chairman of the investment committee of Robeco’s pension fund, in addition to roles at Towers Watson and BMO Global Asset Management (Emea).

Netherlands passes DC pension reform law

“Ralph has deep experience and a strong network in the Dutch market, which will help to further enhance Nuveen Private Capital’s initiative to provide leading private credit solutions to our expanding Pan-European investor base,” said Anthony Fobel, CEO, Arcmont Asset Management. “He will be critical to our continued efforts to support investors and provide access to Arcmont and Churchill’s strategies.”

Nuveen Private Capital was created in March 2023 after Nuveen’s majority acquisition of Arcmont. Together with Churchill, this formed a $74 billion private capital platform. Over the year ending June 30, 2024, Churchill and Arcmont deployed over $18 billion to support U.S. and European private equity firms and their portfolio companies.