Overview
TIAA-CREF Investment Management, LLC (“TCIM”) provides investment management and
certain administrative services necessary for the operation of the College Retirement Equities Fund
(“CREF”), a diversified open-end registered investment management company consisting of eight
accounts that issues individual, group and tax-deferred variable annuity contracts. TCIM tailors its
advisory services to the needs of CREF, its only client.
TCIM’s responsibilities include, without limitation, investment advisory services, research
services, recommending and placing of orders for the purchase and sale of securities for the CREF
portfolios (based on the investment objectives and needs of each CREF account as documented in
the CREF prospectus (the “Prospectus") and statement of additional information (the “Statement
of Additional Information”)), supervising relations with custodians, transfer and pricing agents,
accountants, auditing, underwriters
and other persons interacting with CREF, developing
management and shareholder services for CREF, and furnishing reports, evaluations and analysis
on a variety of matters.
TCIM is a subsidiary of TIAA-CREF Asset Management LLC, which is an indirect subsidiary of
Nuveen, LLC (“Nuveen”). Nuveen is a subsidiary and represents the investment management
division of Teachers Insurance and Annuity Association of America (“TIAA”), a leading financial
services provider. TIAA constitutes the ultimate principal owner of TCIM. For additional
information on the ownership structure, please see Form ADV Part 1, Schedules A and B, and
Item 10.
TCIM was formed on December 17, 1997 and registered with the SEC as an investment adviser
on December 31, 1990.
As of December 31, 2023, TCIM managed $ 249.9 billion in discretionary client assets. TCIM did
not manage any non-discretionary client assets as of December 31, 2023.