Kevin McCarthy
About Kevin McCarthy
Kevin J. McCarthy serves as Vice President and Assistant Secretary of Nuveen Credit Strategies Income Fund (JQC) with an indefinite term and length of service since 2007; he was born in 1966 . His principal occupations include Executive Vice President, Secretary and General Counsel of Nuveen Investments, Inc., and executive/legal officer roles across Nuveen Securities, LLC; Nuveen Fund Advisors, LLC; Nuveen Asset Management, LLC; Teachers Advisors, LLC; TIAA‑CREF Investment Management, LLC; Nuveen Alternative Investments, LLC; and TIAA‑CREF Funds and TIAA‑CREF Life Funds . Officers receive no compensation from the Funds (the funds have no employees), and compensation for the Chief Compliance Officer is paid by the Adviser, with an allocable portion of incentive compensation reimbursed by the Funds; no performance metrics (TSR, revenue, EBITDA) tied to officer pay are disclosed at the fund level .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Investments, Inc. | Executive Vice President, Secretary, General Counsel | Not stated (current) | Legal leadership and corporate secretary functions across Nuveen complex |
| Nuveen Securities, LLC | Executive Vice President; Assistant Secretary | Not stated (current) | Legal and governance support for distribution entity |
| Nuveen Fund Advisors, LLC | Executive Vice President; Assistant Secretary | Not stated (current) | Advisory subsidiary governance and legal support |
| Nuveen Asset Management, LLC | Executive Vice President; Secretary | Not stated (current) | Asset management legal/secretary responsibilities |
| Teachers Advisors, LLC | Executive Vice President; Secretary | Not stated (current) | Legal/secretary role within TIAA affiliates |
| TIAA‑CREF Investment Management, LLC | Executive Vice President; Secretary | Not stated (current) | Legal/secretary role within TIAA affiliates |
| Nuveen Alternative Investments, LLC | Executive Vice President; Secretary | Not stated (current) | Alternative investments legal/secretary role |
| TIAA‑CREF Funds; TIAA‑CREF Life Funds | Executive Vice President; Associate General Counsel; Assistant Secretary | Not stated (current) | Registered fund complex legal/secretary roles |
| NWQ Investment Management Company, LLC | Vice President (2007–2021); Secretary (2016–2021) | 2007–2021 | Fund complex officer roles in prior affiliate |
| Santa Barbara Asset Management, LLC | Vice President (2007–2021); Secretary (2016–2021) | 2007–2021 | Fund complex officer roles in prior affiliate |
| Nuveen (multiple entities) | Senior Managing Director/Associate GC positions (historical) | Various (pre‑2017) | Earlier progression through senior legal roles |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Winslow Capital Management, LLC | Vice President and Secretary | Not stated (current) | Legal and secretary responsibilities at affiliated manager |
Fixed Compensation
- Officers of the Funds receive no compensation from the Funds; the Funds have no employees .
- The Funds’ Chief Compliance Officer compensation (base and incentive) is paid by the Adviser; the Funds reimburse an allocable portion of the Adviser’s cost of the CCO’s incentive compensation .
- No disclosure of base salary, target/actual bonus, or equity awards for Mr. McCarthy at the fund level .
Performance Compensation
- No performance metrics (e.g., revenue growth, EBITDA, TSR) or performance‑based incentive structures are disclosed for Fund officers; officers serve without compensation from the Funds .
Equity Ownership & Alignment
- As of February 18, 2025, each Board Member’s individual beneficial shareholdings of each Fund constituted less than 1% of the outstanding shares; Board Members and executive officers as a group beneficially owned less than 1% of the outstanding shares of each Fund .
- Appendix A shows group beneficial holdings across Funds. For Credit Strategies (JQC), “All Board Members/Nominees and Officers as a Group” held 2,714 shares as of December 31, 2024 .
| Fund (Ticker) | Group Beneficial Ownership (shares) | Group % of Shares Outstanding |
|---|---|---|
| Nuveen Credit Strategies Income Fund (JQC) | 2,714 | <1% (Board Members and executive officers as a group) |
Additional alignment notes:
- The proxy does not disclose individual officer holdings for Mr. McCarthy, nor any pledging/hedging policies or practices for officers .
- Section 16(a) filings compliance for Board Members and officers was affirmed for the last fiscal year; no delinquent reports were noted .
Employment Terms
| Item | Disclosure |
|---|---|
| Fund Officer Positions | Vice President and Assistant Secretary |
| Term of Office | Indefinite |
| Length of Time Served | Since 2007 (officer of the Fund complex) |
| Election | Officers are elected by the Board on an annual basis to serve until successors are elected and qualified |
| Compensation Source | No compensation from the Funds; CCO compensation is paid by the Adviser; allocable incentive portion reimbursed by Funds |
| Contracts/Severance/CoC | Not disclosed for Fund officers |
| Section 16(a) Compliance | Funds believe Board Members and officers complied with all applicable filing requirements |
| Proxy Holder Role | Named as a proxy holder on Fund proxy cards (April 17, 2025 Annual Meeting) |
Investment Implications
- Pay‑for‑performance alignment: Fund officers (including Mr. McCarthy) are not compensated by JQC, and no performance metrics or equity‑based incentives are disclosed at the fund level—limiting direct pay‑for‑performance linkage for this role .
- Ownership alignment: Beneficial ownership is minimal at the group level (<1% of outstanding shares), and individual officer holdings (including Mr. McCarthy’s) are not itemized—suggesting limited direct “skin‑in‑the‑game” visibility from fund disclosures .
- Trading/insider pressure: The proxy affirms Section 16 compliance but does not present Form 4 activity; absent transaction disclosures in the proxy, there is no documented insider selling pressure signal attributable to Mr. McCarthy at JQC .
- Retention/contract risk: Officers have indefinite terms with annual elections by the Board; no employment contracts, severance, or change‑of‑control economics are disclosed at the fund level—reducing visibility into retention levers or exit economics .
- Governance role: Mr. McCarthy’s legal/secretary responsibilities across Nuveen/TIAA affiliates indicate a primarily administrative and governance function for the Fund, with proxy‑holder designation reinforcing operational influence over meeting procedures rather than fund performance levers .