TIAA-backed Nuveen to invest in Preston Hollow.

TIAA-backed Nuveen, an investment manager, agreed to invest in Preston Hollow, a market leader in providing specialized impact finance solutions. Financial terms were not disclosed. "It is a testament to both organizations that Preston Hollow and Nuveen kept the lines of communication open throughout the litigation, and we're pleased to have reached a constructive resolution that supports our shared interests and the broader municipal market. This timely and targeted investment by Nuveen in PHCC signifies a new era of cooperation between our firms. We're looking forward to a mutually productive relationship that will benefit not only our two firms but the broader municipal finance market as well," Jim Thompson, PHCC Chairman and CEO.