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Nuveen Private Bond Chief Scoops Up AI’s ‘Picks and Shovels’

Nuveen Private Bond Chief Scoops Up AI’s ‘Picks and Shovels’
Bloomberg Technology Monday 15 June 2026, 15:18 UTC By Emily Graffeo 1 min read
Key Points

Nuveen Private Bond Chief Scoops Up AI’s ‘Picks and Shovels’ Data centers and computing chips are all the rage in global credit markets right now, but Nuveen LLC’s Laura Parrott is more excited about the “boring, plain vanilla” infrastructure on the outskirts of AI that will benefit regardless of how the technology pans out. The firm’s head of private fixed-income is finding opportunities for her roughly $75 billion investment-grade portfolio in energy and utilities-focused credits,...

Nuveen Private Bond Chief Scoops Up AI’s ‘Picks and Shovels’ Data centers and computing chips are all the rage in global credit markets right now, but Nuveen LLC’s Laura Parrott is more excited about the “boring, plain vanilla” infrastructure on the outskirts of AI that will benefit regardless of how the technology pans out. The firm’s head of private fixed-income is finding opportunities for her roughly $75 billion investment-grade portfolio in energy and utilities-focused credits, benefiting from artificial intelligence tailwinds as well as showing resilience in their absence.
Nuveen Private (ORG) AI (ORG) Nuveen LLC’s (ORG) Laura Parrott (PERSON)
Originally published by Bloomberg Technology Read original →

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