Nuveen to Consider Buying Asset-Backed Securities From Redaptive

Investment management firm Nuveen LLC would consider purchasing asset-backed securities from Redaptive Inc., the energy efficiency company it recently helped finance, a fund manager there said.

Redaptive, a company that uses software and metering technology to monitor energy usage, said in May it gota $650 million private credit facility from Nuveen and Caisse de Depot et Placement du Quebec. It also said at the time that it plans to tap the securitization market and would borrow against the cash it helps customers save.

Redaptive has already approached some investors about a likely ABS sale, and has worked ...