# NM Regal

NM Regal is an Asset Manager based in Wilmington, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Wilmington, United States
- **Region:** North America
- **Address:** Wilmington, DE, United States
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

NM Regal is a US-based investment company headquartered in Wilmington. It manages two funds, with a regional focus on North America.

## Sectors

- Real Estate

## People

- Jeffrey J. Lueken — Senior Vice President (Securities), Northwestern Mutual
- Raymond J. Manista — General Counsel and Secretary, Northwestern Mutual

## Questions

### Who runs investment decisions at NM Regal?

NM Regal does not operate with a standalone management company or independent investment committee. Investment decisions and oversight flow through Northwestern Mutual's senior leadership, including the Senior Vice President for Securities and the General Counsel's office. The subsidiary's governance is embedded within the parent's corporate structure rather than delegated to external partners or a dedicated internal investment team.

### How is NM Regal structured in relation to Northwestern Mutual?

NM Regal is a wholly owned subsidiary of The Northwestern Mutual Life Insurance Company. It functions as a captive investment vehicle designed to hold direct private equity and real estate assets on the parent's balance sheet. The structure allows Northwestern Mutual to access private-market returns without the management fees and carry charged by external general partners.

### What investment types does NM Regal pursue?

NM Regal's charter covers buyout transactions and co-investments. Its documented holdings include Delaware-based real estate entities — specifically mixed-use projects and undeveloped land — as well as LLCs related to insurance agency operations. The mix points toward a dual focus on real asset accumulation and corporate control investments within or adjacent to the financial-services sector.

## Related profiles

- [Triangle Wire & Cable Pension Plan for Hourly Employees](https://altss.com/profile/triangle-wire-and-cable-pension-plan-for-hourly-employees)
- [Merchant Capital](https://altss.com/profile/merchant-capital)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/nm-regal

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology