Nuveen Green Capital

Profile

Nuveen Green Capital is a specialized finance firm based in Darien, Connecticut, founded in 2015. The firm focuses on providing Commercial Property Assessed Clean Energy (C-PACE) financing, which supports energy-efficient and climate-resilient upgrades to commercial properties. With a team of around 100 employees, Nuveen Green Capital has established itself as a leader in the green financing sector, leveraging its vertically integrated origination and investment management platform.

The firm invests in sectors such as clean energy, energy efficiency, and climate resilience, primarily through C-PACE financing. Their investment size ranges from $5 million to hundreds of millions, with operations spanning 39 states and the District of Columbia. Nuveen Green Capital manages over $6 billion in assets, with notable funds including the Nuveen CPACE Lending Fund IV. The firm collaborates with state-administered public-private partnerships to deliver private capital for sustainable building upgrades.

Notable investments by Nuveen Green Capital include the $465 million financing of The Geneva conversion project in Washington, D.C. The firm has become a core allocation for insurance portfolios, attracting major investors such as insurance companies that are increasingly shifting towards private asset-backed securities.