Nuveen, the investment manager overseeing $1.2 trillion in assets for the US Teachers Insurance Annuity Association, aims to expand its reach in the Korean market by introducing funds tailored to retail investors. This move is motivated by the growing interest among retail investors in unconventional opportunities within the alternative market, seeking to diversify their investment portfolios beyond traditional options like stocks and bonds. Nuveen's Chang Jae-ho anticipates a surge in demand from Korean high-net-worth individuals for alternative assets like private equity and real estate, traditionally dominated by large institutions. He emphasized the importance of making alternative markets more accessible to individual investors, echoing a sentiment shared by many asset management firms. In a strategic partnership with Woori Bank and Woori Asset Management, Nuveen aims to launch a nontraded business development company, opening up investment opportunities in privately owned small or medium-sized businesses to retail investors. Chang highlighted the significance of this initiative, as such products were previously only available to institutions. Additionally, Nuveen has allocated its pan-Asian core real estate capital to Korean property assets, including logistics centers leased to major players like Coupang. While exploring opportunities in office and data center assets, Nuveen is exercising caution in the logistics sector post-pandemic. The focus remains on generating stable income for investors through rental income, with no immediate plans to sell these long-term investment assets.