Temasek's subsidiary Xingweino and Nuveen's subsidiary Churchill have completed a $400 million private equity fundraising campaign.

Under Temasek's Starwise and Nuveen Private Capital's Churchill Asset Management have raised approximately $400 million for a financing tool aimed at providing institutional investors with opportunities to invest in Asian and American private capital. These funds are part of a collateralized fund obligation, a financing tool that issues securities backed by alternative asset equity. This method typically transforms illiquid private market investments into structured products. Both asset management platforms stated that the investment tool has been fully subscribed and will be invested in Starwise's Asian private credit and global fund of funds strategies, as well as Churchill's US subordinated capital and private equity secondary market strategies. They added that this rated structured product has exposures evenly split between the two platforms, and has already been oversubscribed, especially by US insurance companies.