Nuveen and Nuveen Green Capital (NGC), a Nuveen affiliate and provider of sustainable commercial real estate financing solutions with more than $6 billion in assets under management, have held a first close, exceeding $1 billion in new capital commitments, for Nuveen CPACE Lending Fund IV. This brings total commitments to the fund series to $3 billion since the series’ inception in 2023.
Founded in 2015, Nuveen Green Capital is a pioneer in Commercial Property Assessed Clean Energy (C-PACE) financing. C-PACE is a public-private financing program administered at the state level that provides building owners and developers with low-cost, long-term private capital for these upgrades.
Nuveen CPACE Lending Fund IV builds on the momentum of Nuveen Green Capital’s 73 percent year-over-year growth, driven by proprietary origination volume from vertically integrated originations and investment management. Con
