Kevin McCarthy
About Kevin McCarthy
Kevin J. McCarthy serves as Vice President and Assistant Secretary of the Nuveen Core Plus Impact Fund (NPCT). He is an Executive Vice President, Secretary and General Counsel of Nuveen Investments, Inc., and holds senior legal and secretary roles across Nuveen Fund Advisors, Nuveen Securities, Nuveen Asset Management, Teachers Advisors, and TIAA‑CREF Investment Management; he has served as an officer within the Nuveen fund complex since 2007 (year of birth: 1966) . NPCT’s filings do not disclose officer‑specific performance metrics (TSR, revenue, EBITDA), and fund officers receive no compensation directly from NPCT .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| NWQ Investment Management Company, LLC | Vice President | 2007–2021 | Senior legal/secretary leadership for affiliated investment adviser |
| NWQ Investment Management Company, LLC | Secretary | 2016–2021 | Corporate secretary duties for governance and filings |
| Santa Barbara Asset Management, LLC | Vice President | 2007–2021 | Senior legal/secretary leadership for affiliated investment adviser |
| Santa Barbara Asset Management, LLC | Secretary | 2016–2021 | Corporate secretary duties for governance and filings |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Winslow Capital Management, LLC | Vice President and Secretary | Not disclosed | Secretary responsibilities supporting governance and compliance |
| TIAA‑CREF Funds / TIAA‑CREF Life Funds | Executive Vice President, Associate General Counsel and Assistant Secretary | Not disclosed | Senior legal and secretary roles supporting registered fund governance |
| Nuveen Asset Management, LLC; Teachers Advisors, LLC; TIAA‑CREF Investment Management, LLC; Nuveen Alternative Investments, LLC | Executive Vice President and Secretary (various entities) | Not disclosed | Enterprise legal leadership and secretary functions across asset management affiliates |
Fixed Compensation
- Officers of NPCT receive no compensation from the Fund; the Funds have no employees. The Chief Compliance Officer’s compensation is paid by the Adviser (Nuveen), with the Funds reimbursing an allocable portion of the CCO’s incentive compensation; other officer compensation details are not disclosed at the fund level .
Performance Compensation
- NPCT does not disclose any officer‑specific incentive plans (bonuses, RSUs/PSUs, options), performance metrics tied to compensation, vesting schedules, or severance/change‑of‑control economics for fund officers .
Equity Ownership & Alignment
| Metric | As of Dec 31, 2024 |
|---|---|
| Board Members and executive officers as a group – beneficial ownership of NPCT | Less than 1% of outstanding shares |
| Group shares owned – NPCT (Core Plus Impact) | 0 shares |
- NPCT does not disclose individual officer share ownership, pledging, hedging, or compliance with any officer stock ownership guidelines. Board Members are expected to invest at least the equivalent of one year of compensation across the fund complex, but this principle applies to Board Members, not officers .
Employment Terms
| Term | Details |
|---|---|
| Length of service | Officer of Nuveen fund complex since 2007 |
| Role at NPCT | Vice President and Assistant Secretary |
| Appointment and term | Officers are appointed by Trustees; term continues until successor is elected/qualified, resignation, or removal |
| Removal | Certain officers (including Vice Presidents, Treasurer, Secretary, CCO) may be removed by majority of Trustees present at a duly convened meeting; other officers may be removed by the Chair, Chief Administrative Officer, or Trustees |
| Vacancies | Filled by appointment (Trustees for specified officers; Chair/Chief Administrative Officer for others) |
| Proxy designation | Named as one of the proxy holders for NPCT’s 2025 Annual Meeting (Kevin J. McCarthy, John M. McCann, Mark L. Winget) |
- Non‑compete, non‑solicit, garden leave, post‑termination consulting arrangements, clawbacks, tax gross‑ups, and deferred compensation elections for officers are not disclosed in NPCT filings .
Investment Implications
- Compensation alignment: NPCT’s structure (no direct officer compensation from the Fund) limits typical pay‑for‑performance levers for fund officers at the vehicle level, making alignment assessments dependent on broader Nuveen/TIAA compensation structures not disclosed in NPCT filings .
- Ownership alignment: Group beneficial ownership in NPCT is de minimis (less than 1%; group shows 0 shares), suggesting limited direct “skin‑in‑the‑game” signals at the fund level for officers; individual officer holdings are not disclosed .
- Retention/execution risk: McCarthy’s long tenure and extensive legal/secretary roles across the Nuveen/TIAA complex indicate institutional continuity; however, NPCT documents do not provide employment contract specifics (non‑compete, severance, or change‑of‑control) to evaluate retention economics .
- Trading signals: NPCT indicates officers complied with Section 16(a) filings, but no Form 4 transaction details are provided within NPCT filings; absent insider buying/selling disclosures, there are no officer‑level trading signals from NPCT documents .