Kevin J. McCarthy
About Kevin J. McCarthy
Kevin J. McCarthy serves as Vice President and Assistant Secretary of Nuveen Real Asset Income and Growth Fund (JRI) and has held officer roles across the Nuveen/TIAA fund complex since 2007. Born in 1966, he is Executive Vice President, Secretary and General Counsel of Nuveen Investments, Inc., with parallel EVP/Secretary roles at Nuveen Asset Management, Teachers Advisors, LLC, TIAA‑CREF Investment Management, LLC, and Nuveen Alternative Investments, LLC, among others . Officers of the Funds receive no compensation from the Funds and are elected annually by the Board to serve until successors are elected and qualified . The Fund’s proxy materials do not disclose executive‑specific TSR, revenue, or EBITDA metrics for Mr. McCarthy.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Investments, Inc. | EVP, Secretary & General Counsel | Ongoing (as of Mar 1, 2025) | Lead legal and governance across investment platform |
| Nuveen Asset Management, LLC | EVP & Secretary | Ongoing | Legal oversight across asset management entities |
| Teachers Advisors, LLC | EVP & Secretary | Ongoing | Legal/governance for adviser affiliates |
| TIAA‑CREF Investment Management, LLC | EVP & Secretary | Ongoing | Adviser affiliate governance |
| Nuveen Alternative Investments, LLC | EVP & Secretary | Ongoing | Alternatives governance |
| NWQ Investment Management Company, LLC | Vice President; Secretary | VP: 2007–2021; Sec: 2016–2021 | Affiliate governance and legal |
| Santa Barbara Asset Management, LLC | Vice President; Secretary | VP: 2007–2021; Sec: 2016–2021 | Affiliate governance and legal |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Winslow Capital Management, LLC | Vice President & Secretary | Ongoing (as of Mar 1, 2025) | External manager governance support |
Fixed Compensation
| Component | Amount/Terms |
|---|---|
| Compensation from JRI | Officers serve without any compensation from the Funds |
| Election/Elevation | Officers elected annually by the Board; serve until successors elected and qualified |
Performance Compensation
Not disclosed in JRI’s proxy materials for officers. Officers are compensated by the Adviser (Nuveen/TIAA) rather than the Funds; no fund‑level bonus, PSU/RSU, or option detail is provided for officers .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Individual Officer Ownership | Not broken out for Mr. McCarthy in proxy; the proxy reports Board Members and executive officers as a group |
| Group Beneficial Ownership (Board Members + Officers) | Less than 1% of outstanding shares of each Fund as of Feb 18, 2025 |
| JRI Shares Outstanding (for context) | 27,416,679 Common Shares as of record date Feb 18, 2025 |
| Pledging/Hedging | No pledging/hedging disclosures noted for officers in proxy |
Employment Terms
| Term | Provision |
|---|---|
| Title | Vice President and Assistant Secretary (JRI) |
| Tenure in Fund Complex | Length of service since 2007 |
| Election | Officers elected annually; term indefinite, serve until successors elected and qualified |
| Compensation Source | Paid by Adviser; officers receive no compensation from the Funds |
| Authority/Delegations | Listed among attorneys‑in‑fact in N‑2 powers of attorney for Nuveen Closed‑End Funds |
Investment Implications
- Alignment: Fund officers (including Mr. McCarthy) are not compensated by JRI; pay‑for‑performance levers at the fund level (bonus metrics, PSUs/RSUs) are not applicable, which limits direct alignment analysis from fund documents .
- Ownership: With Board Members and officers as a group holding under 1% of JRI, equity‑based alignment at the fund level appears limited; individual officer holdings (including Mr. McCarthy) are not disclosed separately .
- Governance continuity: Mr. McCarthy’s long tenure since 2007 and broad EVP/Secretary roles across Nuveen/TIAA entities suggest continuity in legal/governance functions; officers are elected annually, indicating routine board oversight of officer appointments .
- Trading signals: Proxy confirms Section 16(a) compliance generally but lacks officer‑specific Form 4 detail; absent individual insider trading data, no assessment of near‑term selling pressure for Mr. McCarthy can be made from JRI materials .