Nuveen’s Parrott Targets Energy, Utilities Bonds for $75 Billion AI Infrastructure Portfolio
Updated
Updated · Bloomberg · Jun 15
Nuveen’s Parrott Targets Energy, Utilities Bonds for $75 Billion AI Infrastructure Portfolio
1 articles · Updated · Bloomberg · Jun 15
Summary
$75 billion is the pool Laura Parrott is steering toward energy and utilities credits rather than the hottest AI-linked debt trades.
Data centers and chips dominate global credit markets, but Parrott says the stronger opportunity lies in the “plain vanilla” infrastructure around AI that should benefit regardless of how the technology develops.
Nuveen’s head of private fixed income is focusing on investment-grade borrowers that can capture AI-driven demand while still offering resilience if the sector’s momentum cools.