Nuveen Bets on AI Power Infrastructure Debt, Raises $1.3B for EPIC II

Laura Parrott, who oversees more than $70 billion at Nuveen, sees opportunity not in data centers or chips but in the "boring" power and energy infrastructure debt that underpins the AI boom. According to a Bloomberg report published on June 15, 2026, Parrott, head of Nuveen's Private Fixed Income business, said she is looking past the hype around data centers and computing chips in credit markets and focusing instead on "boring, plain vanilla" energy and utility infrastructure debt.